Citigroup to cut 20,000 jobs amid restructuring, posts $1.8 billion

Citigroup announces restructuring plan under CEO Jane Fraser to save $2.5 billion. Q4 performance disappoints with revenue drop; Fraser aims to reduce bureaucratic layers. Citigroup plans to boost return on equity, reduce headcount, and spin off Mexican consumer unit for long-term growth. Despite a $1.8 billion loss in the fourth...