Citigroup Picks Jane Fraser to Become New CEO

The transcript discusses the leadership transition at Citigroup, highlighting Michael Corbat's retirement and Jane Fraser's appointment as the first female CEO of a major Wall Street bank. It covers Corbat's background and achievements, as well as Fraser's qualifications and career path, emphasizing the significance of this change in the banking industry.

What challenges did Citigroup face before Mr. Corbat's tenure?

What is mentioned about Jane Fraser's background?