Citigroup Says Summers Working as Consultant Since at Least 2012
This article is for subscribers only.
Larry Summers, the former Treasury secretary in the running to replace Ben S. Bernanke as Federal Reserve chairman, is a paid consultant for Citigroup Inc.
Summers, 58, has worked for Citigroup since at least 2012, according to Danielle Romero-Apsilos, a spokeswoman for the New York-based lender. She declined to say how much compensation he receives from the bank, the third-biggest in the U.S. The Fed is one of the primary regulators of the nation’s lenders.