Warren Buffett Tells Citi CEO to Continue Overhaul, Reuters Says

Citigroup Inc. Chief Executive Officer Jane Fraser said billionaire investor Warren Buffett had urged her to continue with the bank’s reorganization efforts during a recent lunch meeting, Reuters reported.

Fraser told managing directors on Thursday about her conversation with Buffett, according to the report. Buffett’s Berkshire Hathaway Inc., one of Citigroup’s largest shareholders, confirmed the lunch took place but declined to provide details about the conversation, Reuters said.