Michael Corbett, CEO of Citigroup, said he was retiring in February after leading the bank for eight years, and that Jane Fraser, the firm’s retail banking chief, would take care of him, making him the first female CEO of a large US bank. Corbett’s move eliminates the management overall that …
Read More »Citi’s $ 900 million loan blunder for Face OCC, Fed Scrutiny
Citibank bet $ 900 million in clerical error, they will not refund
Citi, the administrative agent on loan, was also named as a suspect in the lawsuit. Even for Citigroup Inc. was the big money. On Wednesday, staff from lending operations at the bank in New York delayed $ 900 million, apparently on behalf of Revlon Inc., to lenders of the loyal …
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