any thoughts on changes that Jane will bring in after Feb 21? Haven't worked with her so curious on thoughts for those who have.
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Jane is a great leader. I just don’t think there is anything she can do to save us at this point.
The.900 million $ mistake is a huge obstacle to over come. Its hard to tout a good brand when such events happen. Especially when risk controls are supposed to be put in place to prohibit such a thing.
AAR/ SG: Affirmative Action Recipient/ scape goat with Zero Technology background,
alysts questioned the timing of the change. Corbat, 60, was expected to stay at the bank for another two years. Leaving when the bank is still expected to be dealing with the effects of the coronavirus pandemic raised eyebrows.
“The timing seems unusual and the news is unexpected – CEOs don’t typically want to leave in the middle of a crisis, [especially] if upside is pending,” Mike Mayo, senior analyst at Wells Fargo Securities, said in a note Thursday.
Citigroup finds itself in a tough spot, as it has missed profitability and efficiency targets in recent years,
Unless she is a miracle worker and can fix our technology there is no hope that we can keep up with the mortgage companies that actually forked out the money for up to date technology.