Citigroup CEO Michael Corbat says he has no immediate plans to name a new president to replace Jamie Forese, who is retiring.
Citigroup, the giant U.S. bank, is expected to report first-quarter earnings roughly equivalent to those from a year earlier, even after rival JPMorgan Chase posted a 5% increase. Citigroup CEO Michael Corbat, who this week announced major changes in his senior leadership team, is expected to provide commentary on how the bank is faring amid a slowdown in global economic growth.
The scandal-plagued U.S. bank, under strict sanctions from the Federal Reserve, just lost its second CEO in four years, following a grilling from lawmakers in Washington. But executives managed to top first-quarter earnings estimates by cutting costs.
U.S. Representative Nydia Velazquez, a New York Democrat, asks Citigroup CEO Michael Corbat at a hearing in Washington what it was like to get paid more than 400 times his employees' median pay. Corbat's response was that he hoped employees might see opportunities to get promoted.
Goldman Sachs is paying top-of-the-market interest rates on regular savings accounts via its online bank. So CEO David Solomon used his testimony at a U.S. House of Representatives hearing to tout the offering -- with the CEOs of low-paying JPMorgan Chase and Bank of America sitting close by.
Cannabis' non-psychoactive derivative could disrupt the CPG (Consumer Product Group) space very soon. Watch the video for the more on the opportunities and challenges.
A cheat sheet of expected questions for investors and political theater enthusiasts.
Standard Chartered, a big U.K. lender, will include a $190 million charge in first-quarter results to pay for the settlements, on top of a $900 million reserve recorded in the fourth quarter of 2018.
Goldman CEO David Solomon will need to navigate a difficult hearing on Wednesday.
Shares of Zogenix plunge after the FDA rejects an initial marketing application for one of its more promising epilepsy treatment drugs.
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