• 'Why not step aside now?' Analysts just grilled outgoing Citi CEO Mike Corbat over how he ran the bank and made comparisons to embattled Wells Fargo

    12 days ago - By Business Insider

    Summary List Placement
    Citigroup executives were pummeled by industry analysts on the bank's quarterly earnings call Tuesday, as chief executive Michael Corbat and chief financial officer Mark Mason left some analysts with more questions than answers.
    Analysts asked a barrage of questions around uncertainty surrounding the bank's CEO succession plans in 2021 and its strategy for cleaning up messy infrastructure issues that recently led to a $400 million fine from federal regulators .
    The bank caught many analysts off-guard when it announced this September that Corbat would be retiring in...
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  • Earnings Preview: What To Expect From Wells Fargo On Wednesday

    Earnings Preview: What To Expect From Wells Fargo On Wednesday

    12 days ago - By Forbes

    Wells Fargo & Company is scheduled to release earnings before Tuesday's open.
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