Next year, Citigroup will have a new chief executive for the first time in nearly a decade. But it will still face some familiar challenges.
The global banking giant said Jane Fraserwill succeed Michael Corbat next year, when he retires. The news isn’t surprising: Ms. Fraser is a veteran of many of the bank’s units and currently president and global head of consumer banking. She will be the first woman to lead a major Wall Street bank.
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