# Citi's Fraser: next phase is beating the best

> After five years of heavy lifting, Citi's CEO says the bank must now compete at the highest level while managing AI risk at speed.
- Title: Citi's Fraser: next phase is beating the best · Fortune
- Summary: After five years of heavy lifting, Citi's CEO says the bank must now compete at the highest level while managing AI risk at speed. Citigroup posted its best…
- Keywords: citigroup, jane fraser, bank turnaround, artificial intelligence, wall street, Citi's, Fraser, next, phase, beating, best, Fortune
- Source: Fortune — https://fortune.com/2026/10/14/citi-ceo-jane-fraser-on-the-next-phase-of-her-turnaround-to-be-the-best-citi-has-to-beat-the-best
- Author: Sydney Lake
- Read time: 1 min
- Topics: citigroup, jane fraser, bank turnaround, artificial intelligence, wall street
## Citi posts best quarter in a decade
Citigroup reported its best third-quarter revenue in a decade, marking another success for CEO Jane Fraser's ongoing turnaround of the major Wall Street bank.
## Fraser: now we have to beat the best
Fraser told Fortune's Most Powerful Women Summit that Citi has completed the heavy lifting of restructuring.

> if we are going to be the best in the businesses we're in, we have to beat the best
## Five years of restructuring behind her
Since becoming CEO in twenty twenty-one, Fraser reorganized Citi into five core businesses, cut management layers, and started exiting consumer banking in fourteen markets outside the U.S.
## AI offers three paths to value
Fraser said AI's effects on Citi are threefold: it can help earn money, save money, and secure the bank.

> We have to move fast and retain trust
## Managing AI risk at the same speed
Fraser said Citi requires AI training for one hundred seventy-five thousand employees, focusing on writing prompts.

> When you're innovating at speed, you have to manage risk at the same speed
## Key takeaway

Citigroup posted its best third-quarter revenue in a decade under CEO Jane Fraser, who says the next phase requires beating competitors in every business while deploying AI carefully.