DESPITE COVID-19, U.S. ECONOMY PERFORMED BETTER THAN EXPECTED SAYS CITI CEO

Highlights

• According to Citigroup CEO Michael Corbat, despite pandemic and millions losing their jobs, the U.S. managed to perform better than expectations

• Programs that have been put in place by the Fed, coming out of Treasury, have served us well said the Citi ...

CITIGROUP WILL PAY $400 MILLION FINE OVER FAILURE TO ASSESS RISK AND INTERNAL CONTROLS

Highlights

• According to the Federal Reserve, Citigroup has failed in various areas of risk management and internal controls that include data management, capital planning and regulatory reporting

• This fine was the punishment for Citigroup's long standing fail...

RACISM COSTED U.S. ECONOMY $16 TRILLION: CITIGROUP

Highlights

• As per the Citigroup, if the US is successful in tackling key areas of discrimination against African Americans, the economy is likely to witness a boost of $5 trillion in the next five years

• According to Citigroup researchers, the African Americans ha...

JANE FRASER ALL SET TO BECOME FIRST WOMAN CEO OF CITIGROUP

Highlights

• Jane Fraser will replace Michael Combat who will retire in February, 2021

• Jane Fraser in a press release said that she is honored by the decision taken by the board and is grateful to Mike for his leadership and support

Citigroup has finalize...