Michael Corbat

Citi breaks with rivals on whether work from home is permanent


Though he acknowledged working remotely has definite advantages, CEO Michael Corbat says “our goal is to get our employees back."


Finance CEOs worry markets are too optimistic about economy


Investors are looking past signs of weakness and toward an eventual recovery, but top executives at BlackRock, Citigroup, Goldman Sachs and other financial firms remain cautious as many cities and states remain in partial lockdown to slow the spread of the coronavirus.


Citigroup tells staffers to take Friday off as thanks for hard work


The memo from CEO Michael Corbat acknowledged the challenges many employees have faced working remotely during the coronavirus outbreak while taking care of family members and home-schooling their children.


Citi's chairman floats idea of holding future annual meetings online


"One of the advantages is that we can hear from shareholders in faraway places," John Dugan said at Tuesday's annual meeting, which was held entirely online as most of the country remains on lockdown to help stop the spread of the coronavirus.


Citi’s bond-trading windfall no match for surge in loan-loss provisions


Net income fell 46% in the first quarter as the company added nearly $5 billion to its loss reserves in anticipation of a wave of loan defaults.


Citigroup CEO says many branch jobs are still safe from machines


Modernizing the bank’s app and digital-banking experience won’t necessarily result in Citigroup needing fewer people in its retail bank, CEO Michael Corbat said.


USAA's win vs. Wells, BB&T-SunTrust's green light, GSE reform: Top stories of the week


USAA won $200M from Wells Fargo in patent fight — will others be on the hook?; three takeaways from regulators' approval of the BB&T-SunTrust merger; don't believe the doom and gloom on Fannie, Freddie; and more from this week's most-read stories.


Citigroup promotes Fraser to president, setting stage to be Corbat's successor


Citigroup promoted Jane Fraser to president, its second-highest post, making her a likely candidate to succeed CEO Michael Corbat and someday become the first woman to run one of the largest U.S. banks.


Citi’s digital-first deposit strategy paying off — for now


CEO Michael Corbat said he “wouldn’t rule out” building branches to keep the momentum going.


Citi rolls out ad campaign highlighting gender pay gap


The series of print, digital and billboard ads uses children of Citigroup employees to draw attention to the bank's own efforts to promote women to senior roles.