Wall Street just shattered a glass ceiling. On Thursday, Citigroup announced that its CEO of eight years, Michael Corbat, 60, will be replaced in February 2021 by Jane Fraser, 53. The news means ...

Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect. Mr Pandit is being replaced by Michael Corbat, who was previously the bank's chief for Europe ...

Mayo, who had sharply criticized Michael Corbat, Fraser’s predecessor, for the firm’s performance during his tenure, has named Citi as his top pick for 2025. Mayo told Barron’s last month ...

Following Mr. O’Neill’s retirement, the Citi board will consist of 16 directors. Michael Corbat, Citi CEO, said, “Citi has undergone significant structural and cultural changes in recent years to ...

Michael Corbat, who became CEO of Citigroup three months ago when Vikram Pandit suddenly resigned, has announced his management team, the bank said in a release. The new co-presidents are Jamie ...

“While this business didn’t fit our strategy, it serves customers who deserve and need credit,” Citi CEO Michael Corbat said in a printed statement. Springleaf Holdings, of ...

The new business will be called Citi Global Wealth and led by Jim O’Donnell, according to a memo to staff Wednesday from Chief Executive Officer Michael Corbat and President Jane Fraser.

Shares of Citi were last trading down more than 1.6% in the pre-market. CEO Michael Corbat noted that they weren't able to fully control the revenue, but they have been able to control costs.