Michael Corbat News

Companies

Regulators prepare to reprimand Citigroup for failing to improve risk systems

Moves accelerated plans for CEO Michael Corbat’s retirement

4 min read15 Sep 2020
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Companies

Citigroup profit beats estimates on fixed-income rebound

Citigroup's net income dropped to $4 billion, or $1.24 a share, from $4.85 billion, or $1.51, a year earlier

2 min read15 Jul 2016
Companies

Citigroup posts highest profit since financial crisis

Chief executive Michael Corbat's restructuring and cost-cutting efforts paid off and the bank's legal expenses plunged

2 min read16 Jul 2015
Companies

Citigroup CEO Michael Corbat awaits stress-test verdict

Corbat will hear whether the US Federal Reserve has blessed his 2015 capital plan after rejecting last year’s

4 min read3 Mar 2015
Companies

Citigroup profit rises 6.6% as bond-trading revenue improves

Third quarter net income advanced 6.6% to $3.44 billion from $3.23 billion a year earlier

3 min read14 Oct 2014
Companies

Citigroup to exit 11 consumer-banking markets with poor returns

The sale of the businesses, a majority of which already are under way, are expected to be completed by the end of next year, says Citigroup

1 min read14 Oct 2014
Companies

Citigroup profit unexpectedly rises on release of loss reserves

Citigroup's first-quarter net income climbed 3.5% to $3.94 billion from $3.81 billion a year earlier

3 min read14 Apr 2014
Companies

Citigroup profit misses street estimate as fixed-income revenue falls

Citigroup's fourth-quarter adjusted net income rose to $2.60 billion, or 82 cents per share but didn't match up expected earnings of 95 cents per share

1 min read16 Jan 2014
Companies

Citigroup earnings miss estimates on bond trading, mortgages

Citigroup reported a $3.23 bn profit that missed analysts' estimates as bond trading slumped 26% and US mortgage revenue declined

4 min read15 Oct 2013
Industry

Citigroup has an emerging markets headache

Citigroup’s global presence greater than many US rivals’; CEO Michael Corbat says not reconsidering emerging market strategy

3 min read16 Jul 2013
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