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Edward Ruff, a managing director in the investment banking unit that handles IPOs and other stock deals, was suspended from work in January and has yet to return.
Proposals under discussion include a loan of at least $750 million, which could pay off a portion or all of the fitness technology company’s convertible notes.
Raghavan is now set to take over Citigroup’s entire Wall Street operation as part of Jane Fraser’s company-wide overhaul aimed at honing profitability.
February 28, 2024
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