Michael Corbat

Bank executives seek allies in fight for gender equality

10/04/19

Speakers at the Most Powerful Women in Banking and Finance gala stressed the need to use their power to help the next generation of women as well as enlist others in seeking gender parity.

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Citigroup’s Corbat issues call to action on equal pay, opportunity for women

10/03/19

Citigroup CEO Michael Corbat said that unconscious bias has contributed to inequality in the workplace despite a decades-long effort by many companies to promote women.

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Most Powerful Women in Banking, standout fintechs, Corbat on gender pay gap: Top stories of the week

09/27/19

Cathy Bessant, BofA’s chief operations officer, is the Most Powerful Woman in Banking; 6 standout fintechs at Finovate 2019; the Citi CEO says gender pay gap is ‘a challenge we need to tackle together’; and more from this week’s most-read stories.

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Gender pay gap is 'a challenge we need to tackle together'

09/25/19

Citigroup has set measurable goals for increasing representation of women and U.S. minorities in senior, higher-paying roles and CEO Michael Corbat is urging other financial firms to follow suit.

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Citi raises minimum wage after prod from Maxine Waters

08/28/19

Citigroup quietly boosted its minimum wage to $15 an hour in June, joining competitors in awarding raises to rank-and-file staff.

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Citi’s Fed contingency plan

07/15/19

The company could rein in deposit costs, cut operational expenses and buy back more shares in anticipation of a Federal Reserve rate reduction. Other banks — especially big ones — could do the same.

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Citi leans on cost cuts and consumers as trading sputters

07/15/19

Noninterest expenses fell 2% to $10.5 billion — almost $100 million lower than the average estimate from analysts.

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Image enhancement: How Citi is restoring its good name

06/26/19

Once a poster child for corporate wrongdoing, Citi has bolstered its reputation by taking bold stands on polarizing social issues, such as climate change and gun control, and declaring its commitment to move more women and minorities into managerial roles. Here's how it aims to do even better.

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Citi joins JPMorgan in warning of second-quarter trading slump

05/29/19

A burgeoning trade war, the U.K.’s planned exit from the European Union and escalating tension between the U.S. and Iran have weighed on market sentiment in recent weeks, Citigroup CEO Michael Corbat said Wednesday.

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Citi wants to bring credit card perks like miles to bank accounts

05/07/19

After quiet experiments, Citigroup is expanding perks designed for credit cards to encourage sales of other banking products.

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