Michael Corbat

Latest Michael Corbat Items

  • Citigroup plans to cut 11,000 jobs

    Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.


  • ** FILE ** In a Monday, June 18, 2012, file photo, Citigroup CEO Vikram Pandit prepares for a television interview on the floor of the New York Stock Exchange, after he rang the opening bell. (AP Photo/Richard Drew, File)

    After Pandit, a smaller Citi could get smaller yet

    The incredible shrinking bank may have to shrink more. In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank.


  • ** FILE ** In a Monday, June 18, 2012, file photo, Citigroup CEO Vikram Pandit prepares for a television interview on the floor of the New York Stock Exchange, after he rang the opening bell. (AP Photo/Richard Drew, File)

    Vikram Pandit steps down as Citigroup CEO

    Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.


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