Citigroup sees headcount dropping 20,000 by 2026
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FILE PHOTO: Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo
(Reuters) - Citigroup's Chief Financial Officer Mark Mason said on Friday the bank expects its headcount to be down roughly 20,000 by 2026.
The third-largest U.S. bank reported a $1.8 billion loss for the fourth quarter on charges related to refilling a government deposit insurance fund and other one-off costs.
(Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
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