Indian-American Vis Raghavan, who was fired by JPMorgan Chase in February 2024, was hired by CitiBank within 24 hours for a $52 million (₹493 crore) package. Raghavan was informed on Friday by JPMorgan Chase that he "had no long-term future", FT reported. Before the news became public, he sealed a deal with Citi, which was searching for a banking head.