Michael Corbat

Citigroup (NYSE: C) reported second quarter EPS that beat estimates on the top and bottom lines. However, some accounting items boosted profits and made the numbers appear slightly better at first glance than they really are. Second Quarter Highlights For the second quarter of 2013, Citigroup...

Citigroup (NYSE: C) reported first quarter results that beat analyst estimates both on the top and bottom line. Following the news, shares rose over one percent in the pre-market. For the first quarter of 2013, Citigroup reported adjusted earnings per share of $1.29 vs. estimates of $1.19, beating...

Citigroup (NYSE: C) CEO Michael Corbat discussed compensation, growth and underperforming assets with Bloomberg TV's Erik Schatzker at the World Economic Forum in Davos. Corbat said that he expects the environment for investment banking will remain "challenging" and weigh on compensation. Corbat...

Citigroup, Inc. (NYSE: C), the nation's third-largest bank, said that it will take a pretax charge of $1 billion this quarter in a plan that will eliminate more than 11,000 jobs, about 4 percent of its total staff. About 1,900 jobs will be eliminated in the institutional clients group, with the...

Tuesday's surprise announcement of the resignation of Citigroup (NYSE: C) CEO Vikram Pandit and COO John P. Haven has knocked the legs out from under shares in pre-market trading. The resignations come one day after Citigroup shares rallied sharply on better-than-expected third quarter earnings....