Citi CEO Michael Corbat to step down By Reuters

© Reuters. Michael L. Corbat, CEO of Citigroup, testifies before a House Financial Services Committee hearing on Capitol Hill in Washington

(Reuters) – Citigroup Inc (NYSE:) Chief Executive Officer Michael Corbat will step down in February 2021, after 37 years with the bank.

Citi president Jane Fraser will succeed Corbat, the bank said on Thursday.

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