NEW YORK, Jan 19 (Reuters) – Over a recent lunch with Warren Buffett, Citigroup (C.N), opens new tab CEO Jane Fraser outlined her latest round of reorganization efforts to simplify the bank. He told her to keep going.
Fraser recounted the meal with the billionaire investor on a conference call with managing directors on Thursday, according to a source who was on the call.
The anecdote concluded Fraser’s address to Citigroup bosses. During the call, she indicated that more information about the next round of the reorganization would be shared as soon as next week, said the source, who declined to be identified discussing internal communications.
