Jane Fraser is trying to pull chronically struggling Citigroup out of the gutter. She may actually pull it off

Three years ago, Citigroup faced a major crisis due to a billion-dollar fat-finger error. Jane Fraser was appointed as the bank’s CEO during this turbulent time. As the first woman to lead a Wall Street bank, she took charge of a struggling institution plagued by bureaucracy, a large workforce, and low profit margins. However, since September, when Fraser unveiled her plan to streamline Citigroup, the bank’s stock has surged by over 50%. Although significant improvements have been made, analysts suggest that Fraser still has a long way to go to fully stabilize the bank’s financial situation.