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‘Project Bora Bora’: Inside Citi PB’s plan to restructure Asia HNW business

Photo by Thomas Stadler on Unsplash

The Pacific island of Bora Bora is one of the world’s most idyllic holiday destinations. But for employees of Citi Private Bank, those are the last two words they want to hear as the lender embarks on a significant restructuring. As part of the Wall Street bank’s latest effort to tame costs and stabilise profitability under CEO Jane Fraser, a…

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