We are here in Pebble Beach, California at Citigroup's Tech and Media Conference.

And joining me now is the host of the event, Citigroup CEO Jane Frazier.

Thank you for having us here.

Thank you very much. It's lovely to have you here.

Looking forward to a lot of good conversation with tech leaders, but I'm happy to talk to you,

especially now, because you've made a lot of news lately and announced in the last few weeks

this big reorganization

dividing your company into five business units. What's the vision here?

So as you say, the last two weeks ago, we took the next big step in a very deliberate path that we have at City

to unlock the value and the potential in the bank.

So in the last couple of years we've set the strategy.

We launched the transformation to address the issues that have held us back,

both regulatory and operational.

And this is the next step, which is to put in place the organization structure that fits

with the strategy and the bank we are today

and not the financial supermarket we are and that we were in the past.

So as I look at it, it strips out.

Sandy Wilde is.

Indeed.

It strips out a lot of complexity and simplifies the bank.

It makes us more agile.

And most importantly, it focuses

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