You have reached the cached page for https://www.bloomberg.com/news/articles/2021-02-26/citi-s-corbat-has-parting-words-banking-is-quickly-changing

Below is a snapshot of the Web page as it appeared on 4/24/2024 (the last time our crawler visited it). This is the version of the page that was used for ranking your search results. The page may have changed since we last cached it. To see what might have changed (without the highlights), go to the current page.

Bing is not responsible for the content of this page.

Citi’s Corbat Has Parting Words: ‘Banking Is Quickly Changing’ - Bloomberg

Business

Citi’s Corbat Has Parting Words: ‘Banking Is Quickly Changing’

Outgoing CEO warns that customers want banks to be faster
Corbat reflects on 38-year career with Citigroup in final memo

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

By Jennifer Surane

February 26, 2021 at 2:59 PM EST

This article is for subscribers only.

Citigroup Inc.’s Michael Corbat warned that the world of banking is quickly changing in his final message as chief executive officer to the bank’s hundreds of thousands of employees.

Corbat, who will be succeeded by Jane Fraser on Monday, said customers are increasingly looking for financial services to be more personalized and delivered in a faster and simpler way.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE