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Citigroup's (C) CEO, Jane Fraser, took center stage at the bank's investor day, addressing the company's strategic direction with a particular emphasis on its services business. However, Fraser's remarks rattled investors, as she firmly asserted that Citigroup is not the "financial supermarket of the past," instead highlighting the bank's efforts to restructure and streamline various aspects of its operations.

Yahoo Finance's David Hollerith breaks down the details.

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This post was written by Angel Smith