HomeBusinessWarren Buffett Tells Citi CEO to Proceed Overhaul, Reuters Says

Warren Buffett Tells Citi CEO to Proceed Overhaul, Reuters Says

Citigroup Inc. Chief Government Officer Jane Fraser mentioned billionaire investor Warren Buffett had urged her to proceed with the financial institution’s reorganization efforts throughout a current lunch assembly, Reuters reported.

Fraser instructed managing administrators on Thursday about her dialog with Buffett, in response to the reportBloomberg Terminal. Buffett’s Berkshire Hathaway Inc., one in every of Citigroup’s largest shareholders, confirmed the lunch occurred however declined to supply particulars in regards to the dialog, Reuters mentioned.

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