Michael Corbat

The decision by Citigroup’s board to name an independent director as its next chairman — and not elevate CEO Michael Corbat to the post — is seen as good governance, but it’s also a sign that the company’s recovery from the financial crisis remains a work in progress.

Mark Mason, the incoming chief financial officer at Citigroup, cut his teeth on the sale of Citi's unwanted assets after the financial crisis.

Three longtime Citigroup executives, including Chief Financial Officer John Gerspach, are stepping down as the bank realigns its top management.

After years of scant progress on diversity measures, Citigroup has created hard targets for raising the percentages of women and African Americans in management positions by 2021, according to an internal memo from Chief Executive Officer Michael Corbat.

JPMorgan Chase CEO Jamie Dimon condemned the separation of immigrant children from their parents at the U.S. border, while a group that Citigroup CEO Michael Corbat co-chairs also called for an end to the policy.

Senior leaders may say that they want to hear bad news, but that doesn’t mean lower-level employees are eager to share it with them.

Whether they’re thwarting cyber thieves or building out new apps, bank chiefs say hefty tech investments are now a cost of doing business — but they have to convince shareholders.

Financial institutions can begin to reduce the number of rogue employees and put a stop to bad behavior.

Citigroup chairman Michael O'Neill said he's "agnostic" about keeping chairman and chief executive officer as separate roles and directors will consider Mike Corbat to be his successor.

Citigroup plans to prohibit retailers that are customers of the bank from offering bump stocks or selling guns to people who haven't passed a background check or are younger than 21.