Citigroup CEO Jane Fraser has chance to pull off the restructure of the century, bring banking empire back to its former glory

It seems almost unfathomable that there was time — and not that long ago — that Citigroup was the model financial services firm. It might be yet again — but only if its CEO Jane Fraser can pull off the restructuring of the century. Full disclosure: I’m not a believer in the Citi comeback story, though there are people I respect on Wall Street (Wells Fargo analyst Mike Mayo among them) who give it a decent shot. My skepticism is grounded in the fact that I have covered the place for decades and — like the b ...