You Searched For "Michael Corbat" and got 20 results
Sort By:
4 mins read
'We're really hitting the moment of truth': 5 Wall Street execs have sounded the alarm on a tough economic recovery ahead. Here's what they said.
The execs all cautioned that while the worst of the pandemic's toll likely hit in the second quarte…
Ben Winck
2 mins read
From an executive shakeup to a $400 million fine: Here's all you need to know about tumultuous times at Citigroup
Third-quarter results beat revenue and profit estimates, but analysts grilled execs about regulator…
Business Insider
4 mins read
Read the memo Citi CEO Mike Corbat sent staff quoting race car driver Mario Andretti to get employees to take risk and controls more seriously
Read the companywide memo the Citigroup CEO sent this summer about the bank's compliance challenges.
Dakin Campbell
4 mins read
Wall Street shatters a glass ceiling as Jane Fraser is announced as Citigroup's new CEO, becoming the first woman to lead a major US bank
Michael Corbat will be replaced by Jane Fraser, currently Citi's president and chief of its consume…
Graham Rapier
2 mins read
Citigroup slashed its Chief Executive Michael Corbat's compensation by over 20% in 2020
The bank adjusted its CEO's compensation based on performance factors, according to a regulatory fi…
Fatma Khaled
4 mins read
Citigroup CEO Michael Corbat sent out an internal memo congratulating the bank's new class of managing directors - we got the entire list of 220 names
Individual divisions began announcing newly promoted MDs last Friday, including 137 in the firm's I…
Alex Morrell
1 min read
Citigroup CEO Michael Corbat got a 27% raise
Goldman Sachs CEO Lloyd Blankfein received $23 million for 2015, down $1 million from the year befo…
Portia Crowe
5 mins read
Insider Today: Big banks are screwed
Citigroup's massive reorg highlights the threat big banks are under. Google is cutting more jobs, a…
Dan DeFrancesco
3 mins read
One of the best bets in real estate is no longer a sure thing
Single-family rentals become a popular investment strategy during the pandemic, but it's facing som…
Dan DeFrancesco
2 mins read
FT Partners plans for $400 million SPAC - Morgan Stanley arm eyes bitcoin - Top people moves on Wall Street
The top finance stories for February 16 including the latest news on a new $400 million SPAC that w…
Dan DeFrancesco
4 mins read
Blackstone's grand ambitions for attracting retail money faces a hiccup
Blackstone's real-estate focused BREIT has been a key piece of its strategy to attract retail custo…
Dan DeFrancesco
3 mins read
Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future
The top finance stories for September 15, including the news on Citi's executive shakeup and Chime'…
Dan DeFrancesco
5 mins read
Wall Street succession plans: The case for why all 6 big banks could consider a leadership change this year
Either by choice or by force, we could see a top US bank replace its CEO this year. Here's why each…
Dan DeFrancesco
2 mins read
Citi names Jane Fraser as its new president and consumer banking chief
"Working together, we have made tremendous progress," Corbat said in the statement. "I remain commi…
Yusuf Khan
2 mins read
Citigroup spends $8 billion a year on tech, and it's finally starting to see a hefty pile of savings from the massive investments
Savings is only one of the objectives from that tech budget - Citi has also invested heavily in upg…
Alex Morrell
2 mins read
Jerome Powell held calls with the CEOs of JPMorgan and Citigroup the day after the Fed cut rates for the first time since 2008
Later that afternoon, financial markets dropped sharply after President Donald Trump abruptly annou…
Gina Heeb
2 mins read
A major overhaul is underway at Citi's highest ranks as bank president Jamie Forese announces his retirement
Forese, a 34-year veteran of the bank and the head of the firm's Institutional Clients Group, is re…
Alex Morrell
3 mins read
Citi's credit-card attack plan is going so well the bank is rolling it out with its retail partners - and new branches could be on the horizon as well
From a pure performance perspective, revenues from branded cards grew 11% compared with last year t…
Alex Morrell
2 mins read
Citigroup's CEO says the biggest threat to the US economy is 'our ability to talk ourselves into the next recession'
From retail sales to manufacturing, a series of surprisingly soft economic data appears to have wei…
Gina Heeb
5 mins read
Citi has quietly undergone a massive restructuring over the past year. Here are the businesses it overhauled and the executives who departed.
While the changes started unfolding in earnest after activist ValueAct Capital unveiled its stake i…