CEO’s Job at Stake as Citigroup Awaits Fed Stress Tests
Michael Corbat.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Michael Corbat will know in less than two weeks if he should start looking for new work.
That’s when Citigroup Inc.’s chief executive officer will hear whether the Federal Reserve has blessed his 2015 capital plan after rejecting last year’s. Corbat has said he should be held accountable, and analysts and investors say he might lose his job if the New York-based firm fails a second time.