In the Unlock the Editor’s Digest, Roula Khalaf, Editor of the FT, selects her favorite stories each week. Citigroup promoted over 8,000 employees at the end of 2024 after a restructuring, with a total of 31,000 promotions for the year and 344 new managing directors. Despite cutting 11,000 positions, Citi saw revenue growth in all main businesses, a 3% increase to $81bn, and profits up 33% to $12.7bn, aiming for a 10-11% return on tangible common equity by 2026.
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Is This the Perfect Age to Start Social Security?
You prepare for retirement by saving and budgeting, but optimizing your Social Security claim is crucial for maximizing your benefits. While you may have a claiming age in mind, there is no universally perfect age to sign up; some ages may be more advantageous depending on individual circumstances. Explain It To Me Like I'm 5: Choosing when to get your Social Security money is important because it can make a big difference in how much...
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