Citigroup CEO Has No Immediate Plans to Replace Retiring Deputy Forese

Citigroup CEO Has No Immediate Plans to Replace Retiring Deputy Forese

Citigroup CEO Michael Corbat says he has no immediate plans to name a new president to replace Jamie Forese, who is retiring.

Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

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.

Scandal-Plagued Wells Fargo Skimps on Travel, Postage to Boost Profit

Scandal-Plagued Wells Fargo Skimps on Travel, Postage to Boost Profit

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.

Citigroup CEO to Staff: One Day Maybe You Too Can Make $24 Million a Year

Citigroup CEO to Staff: One Day Maybe You Too Can Make $24 Million a Year

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 CEO Uses Congress Hearing as Infomercial for Online Bank

Goldman Sachs CEO Uses Congress Hearing as Infomercial for Online Bank

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.

Why CBD's Invasion Into Pantries and Medicine Cabinets Is Inevitable

Why CBD's Invasion Into Pantries and Medicine Cabinets Is Inevitable

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.

Charts of the Day: Anticipating Congressional Questions for Wall Street

Charts of the Day: Anticipating Congressional Questions for Wall Street

A cheat sheet of expected questions for investors and political theater enthusiasts.

Standard Chartered to Pay $1.1 Billion to Resolve U.S., U.K. Probes

Standard Chartered to Pay $1.1 Billion to Resolve U.S., U.K. Probes

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 Sachs Can Expect Contentious Visit to Capitol Hill on Wednesday

Goldman Sachs Can Expect Contentious Visit to Capitol Hill on Wednesday

Goldman CEO David Solomon will need to navigate a difficult hearing on Wednesday.

Zogenix Shares Plummet After FDA Rejection of Seizure Treatment

Zogenix Shares Plummet After FDA Rejection of Seizure Treatment

Shares of Zogenix plunge after the FDA rejects an initial marketing application for one of its more promising epilepsy treatment drugs.