Citigroup is expected to cut 20,000 jobs, or about 10% of its workforce, over the next two years, the New York-headquartered bank said Friday. The announcement follows a “very disappointing” fourth quarter for the nation’s third-largest banking institution, CEO Jane Fraser said in a news release. The company reported a $1.8 billion loss in the last three months of 2023 — its worst quarterly financial results since 2009, according to the Financial Times. During the same period in 2022, the bank reported a net income of $2.5 billion. This year’s loss was driven by nearly $4 billion in expenses, …