Citi's Fraser Won't Grade the Bank Turnaround Plan Yet

The video discusses a major transformation plan for a financial institution, focusing on ambition, strategic vision, and restructuring. It highlights the challenges of grading progress, sets financial goals, and addresses criticism. The institution is undergoing significant changes, including divesting consumer franchises and reorganizing its workforce, with a focus on accountability and delivering results.

What is the speaker's main ambition for the institution?

• To become a high-quality, modern institution with a global presence

• To expand into new markets and increase the number of employees

• To focus solely on local markets and reduce global operations

• To maintain the status quo and avoid any major changes

Why does the speaker avoid grading the restructuring plan at this stage?

• They want to avoid external criticism

• They are waiting for a third-party evaluation

• They have already completed the restructuring

• They believe it is too early in the process

What is the target return on tangible common equity set by the speaker?

• 15 to 16%

• 8 to 9%

• 6.8%

• 11 to 12%

What major change has been implemented in the organization recently?

• A focus on local consumer franchises

• A reduction in the number of employees

• A reorganization affecting 50,000 employees

• An increase in the number of international consumer franchises

How does the speaker describe their approach to the transformation?

• Conservative and risk-averse

• Indifferent and passive

• Bold and ambitious

• Cautious and slow