The Coffee Run: Why Citi MDs earning $1m+ are fearing for their jobs, and their bonuses
We've launched a new weekly video series to accompany Morning Coffee, in which we look at one story in more depth to give you the full picture.
Citi has had perhaps the liveliest start to 2026 of any major US bank. CEO Jane Fraser announced another round of layoffs and put out an intriguing memo that sets Citi's tone for the year.
Those cuts are thought to target potentially underperforming MDs, but where did Citi underperform, and how much will these cuts save? Watch the video below to find out.
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