Citigroup CEO Says Few Issues Are More Pressing Than Wealth Gap

Europe Dominates The World Economic Forum

Citigroup Inc. Chief Executive Officer Michael Corbat.

Photographer: Simon Dawson/Bloomberg

Citigroup Inc. Chief Executive Officer Michael Corbat said income inequality is among the most important challenges facing the U.S. and that the bank is doing its part to help young people find jobs.

“We can’t be indifferent to the larger challenges facing our country, and there are few issues more pressing than the widening wealth gap,” Corbat said Wednesday in remarks to the Economic Club of Washington. “It’s simply unhealthy for any society to fracture this way.”

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