Head of Citigroup residential mortgages gets big promotion

Jane Fraser (born 1967) is a Scottish-American banking executive. Educated at Girton College, Cambridge, and Harvard Business School, she was a partner at McKinsey & Company for 10 years before joining Citigroup in 2004. She has been and acceded to four CEO posts, the latest being CEO of Citigroup Latin America in April 2015.

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Jane Fraser is the CEO of Citigroup Latin America responsible for all businesses in the 23 countries where Citi is present in this important region, including Mexico. Jane sits on Citi’s Executive Management Team, and serves as Co-Chair for the Citi Women Affinity Group.

Citigroup’s residential mortgage originations declined 23% and its home-loan revenue dropped by 35% year-over-year in the fourth quarter of 2018, as the company continued to distance itself from home loans.

 · Judging by his resume, Vikram Pandit doesn’t have the depth of experience to run Citigroup, but with some quick and decisive moves the bank’s new CEO could win back many of the investors who’ve.

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But many analysts believe that Bank of America will need to raise a lot more capital before it gets back on sound footing. The company’s portfolio of residential mortgages and home equity loans..

JPMorgan, Citigroup, Barclays , and Royal Bank of Scotland , will pay $2.5 billion and plead guilty to violating antitrust laws in a settlement with the U.S. Justice Department, the agency said on.

BofA Rolls Out $8.4 Billion Loan Mod Program Florida, one of the country’s hardest-hit foreclosure states, will get $8.4 million. their loan balance. Attorneys generals said Thursday they will oversee how the banks choose to allocate those.

California mortgage manager Brandon Moss remembers the "scary time" when the industry fell to its knees during the 2008 financial crisis. Even so, Moss said he always knew the residential real..

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Citigroup Under the Troubled Asset Relief Program: Elizabeth Warren (2010) Barbara Desoer, the former head of the mortgage business at Bank of America, just joined Citigroup as its new chief operating officer.

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Jane Fraser, the CEO of CitiMortgage and head of Citigroup’s U.S. consumer and commercial banking units, is handing responsibility for day-to-day global mortgage operations to her current mortgage lieutenant, CD Davies. Davies, a former of head of mortgages at Wachovia Corp. and Capital One, was.