You Searched For "Michael Corbat" and got 20 results
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2 mins read
Banks are spending billions on upgrading technology and Citi's CEO revealed just how much
In 2017, Citigroup had $41.2 billion in total operating expenses, according to its most recent annu…
Alex Morrell
2 mins read
A huge shakeup is underway at Citi as 3 senior execs are stepping down - including CFO John Gerspach
"Three members of our leadership team have made the difficult decision that it is time for them to …
Alex Morrell
2 mins read
What to know about the NFT craze - and all the regulatory risks of the red-hot new market
The top finance stories for March 22, including the latest news on the NFT craze, and the regulator…
Dan DeFrancesco,Jordan Parker…
4 mins read
Citi's new CEO — Drug testing on Wall Street — Coatue's alt-data head departs
The top finance stories for September 11, including the news on Citi's soon-to-be boss and drug tes…
Dan DeFrancesco
2 mins read
Citi leads a rally in bank stocks after beating Wall Street earnings estimates
"We navigated an uncertain environment successfully by executing our strategy, and by showing disci…
Daniel Strauss
2 mins read
Citi earnings beat estimates as fixed-income trading spikes 49%
The company is in the midst of a massive overhaul, focusing on expanding its wealth management busi…
Business Insider
2 mins read
Trump held a call with top Wall Street execs as markets tumbled Wednesday
CEOs arrive at the White House in Washington, October 2, 2013, for a meeting of the Financial Servi…
Gina Heeb
2 mins read
Citigroup misses 4th-quarter revenue forecasts as bond trading disappoints
Citigroup helped kick off fourth quarter earnings season which will help shed light on how well cor…
Matthew Fox
2 mins read
Advertisers pull commercials around news coverage of attempted coup at US Capitol
At least one network stopped running commercial breaks during the protests, and the unrest has adve…
Claire Atkinson,Patrick Coffee
1 min read
Morgan Stanley has promoted 130 new managing directors for its 2020 class
A smaller MD class wasn't unexpected, given the bank recent cost-cutting measures. The firm announc…
Alex Morrell
1 min read
Activist investor ValueAct has reportedly amassed a $1.2 billion stake in Citigroup
The activist isn't looking to shake up management and supports CEO Michael Corbat, according to the…
Alex Morrell
1 min read
Trump is set to meet with Wall Street bankers as coronavirus hits financial markets
The Trump administration has downplayed the human and economic risks of the outbreak ahead of the N…
Gina Heeb
4 mins read
In a stark reversal, Citi's revved-up credit-card business helped it beat earnings - and it may be pivotal in proving Wall Street doubters wrong
"We have seen continued momentum in the consumer franchise, particularly in branded cards, as we've…
Alex Morrell
2 mins read
A Republican congressman asked the CEOs of 7 of America's largest banks 'Are you a socialist or are you a capitalist?'
Williams started off his questioning of the seven CEOs - Michael Corbat of Citigroup, Jamie Dimon o…
Bob Bryan
3 mins read
Citi is working on an online portal to facilitate small business loans
Banks could be overwhelmed with applicants, though dedicated portals like Citi's could prove effect…
Rachel Green
2 mins read
'This is not a normal recession': 3 large US banks set aside $28 billion to cover potential loan defaults due to the coronavirus pandemic
"We don't want people leaving the call simply thinking the world is a great place and it's a V-shap…
Carmen Reinicke
2 mins read
Citigroup just handed a 37-year old rising star a seat on the firm's most powerful management committee
Wechter joined Citigroup in 2004, working in investment banking and then corporate strategy during …
Dakin Campbell
2 mins read
Google, Facebook, JPMorgan, and Microsoft are pausing all political donations after the Capitol siege. Here's every company suspending donations to both Democrats and Republicans.
After Wednesday's violent insurrection, top US firms are temporarily suspending their political don…
Grace Dean
2 mins read
Democrats release new information on the Jared Kushner loan controversy
Democratic Sens. Elizabeth Warren of Massachusetts, Tom Carper of Delaware, Gary Peters of Michigan…
Allan Smith
3 mins read
Top investors were asked to rate Wall Street's CEOs - here's how Jamie Dimon, Lloyd Blankfein and James Gorman stack up
Procensus, a data company that aggregates and analyzes investor sentiment, has compiled ratings of …