1st Female Big Bank CEO
Citi, the 3rd largest bank in the U.S., announced that Jane Fraser will be the new CEO, making her the first female CEO of a major bank in U.S. history. What an achievement! Is there more to the story? Is this another "glass cliff"?Show sources:Emily Flitter and Anupreeta Das, NY Times, Citigroup’s Fraser to Be First Woman to Lead a Big Wall Street Bank (Sept. 10, 2020) David Benoit and Christina Rexrode, WSJ, Citigroup’s Jane Fraser to Succeed Michael Corbat as CEO (Sept. 10, 2020)Hugh ...