John Gerspach

On October 16, 2013, Mike Mayo wrote the following in a report to clients: “Citi is now more on the right long-term track than at anytime in the past decade.” It was a remarkable line because, as Mayo himself noted, “nobody’s been more negative on [Citi] than me.” That negativity has included:

But five months without demanding a senior exec pack up his things leave is a long time, far long enough some might say, so now this is happening: Read more »

  • 06 Mar 2014 at 10:45 AM
  • Banks

Citigroup Embarks On Unnecessary Review

Mike Corbat and co. guess they’ll have to look at everything after Citi’s recent bout with Montezuma’s Revenge, even though they’re quite sure all’s well now. Read more »