Billionaire investor Warren Buffett has urged Citigroup Inc. CEO Jane Fraser to move forward with the bank’s reorganization efforts. The advice came during a lunch meeting with Fraser, who later shared the conversation with managing directors at Citigroup. However, details about the discussion between Buffett and Fraser have not been disclosed, as Berkshire Hathaway Inc., one of Citigroup’s largest shareholders, declined to provide further information about the meeting.
Warren Buffett, billionaire investor and CEO of Berkshire Hathaway Inc., has advised Citigroup Inc.’s CEO Jane Fraser to continue with the bank’s reorganization efforts following a recent lunch meeting. Fraser relayed this advice to managing directors at Citigroup but further details were not disclosed. As one of Citigroup’s largest shareholders, Berkshire Hathaway Inc. confirmed the lunch took place but did not provide additional information about the conversation as per Reuters.
During a lunch meeting, billionaire investor Warren Buffett advised Citigroup Inc. Chief Executive Officer Jane Fraser to persevere with the bank’s reorganization efforts. Fraser then shared this conversation with managing directors but did not reveal any further details. Meanwhile, Berkshire Hathaway Inc., one of the largest shareholders of Citigroup, confirmed the lunch took place but declined to provide specifics about the dialogue as noted by Reuters.