"Warren Buffett Urges Citigroup CEO to Persist with Bank Overhaul"

Warren Buffett, a major shareholder in Citigroup, has expressed support for CEO Jane Fraser's efforts to overhaul the bank during a recent lunch meeting. Fraser indicated to managing directors that the bank may announce its next round of reorganization soon. Citigroup plans to cut 20,000 jobs over the next two years as part of its transformation efforts under Fraser's leadership. Buffett's comments come after Berkshire Hathaway disclosed a stake in Citigroup last year.