Michael Corbat

Summary List Placement

The earnings train continues on with Goldman Sachs, Bank of America, and Wells Fargo checking in today. 

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‘Why not step aside now?’

Typically, bank earnings calls aren’t the most exciting events. 

It’s a chance for analysts to ask why a certain number wasn’t higher or lower, or what *insert some obscure regulation* will mean for the future of the bank’s balance sheet. 

That was not the case, however, during Citi’s third-quarter earnings call on Tuesday.

Citigroup CEO Mike Corbat and chief financial officer Mark Mason had to field a barrage of pointed questions from analysts. That included asking about the status of Corbat’s succession plan, steps the bank took prior to the $400 million fine it faced from regulators, …read more


Source:: Businessinsider – Finance

      

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