Jane Fraser to become Citi CEO; 1st woman to lead major bank

NEW YORK (AP) - Citigroup's Jane Fraser will become the first woman to ever lead a 塀で囲む Street bank when she 後継するs CEO Michael Corbat in February.

The New York bank 発表するd the succession Thursday.

Fraser is 現在/一般に 長,率いる of Citi's 全世界の 消費者 banking 分割, a major part of the bank that 監督するs checking and 貯金 accounts but also Citi's 大規模な credit card 商売/仕事. She's been with Citi for 16 years and had recently been 仕事d with 主要な the clean up of the bank's troubled Latin American banking 商売/仕事.

Fraser will be the first woman to lead one of 塀で囲む Street's big six banks, a major 業績/成就 in an 産業 long 支配するd by men. JPMorgan Chase CEO Jamie Dimon has had two women as his second-in-命令(する) for years - Marianne Lake and Jennifer Piepszak - but shows no 調印するs of stepping 負かす/撃墜する.

In a congressional 審理,公聴会 last year, the CEOs of the 塀で囲む Street banks were asked whether they 推定する/予想するd to be 後継するd by a woman in their 役割s, and no man raised his 手渡す at the time. Fraser will be one of only 32 女性(の) CEOs running a company in the S&P 500, によれば Equilar.

When Fraser does take over for Corbat in February, it´s almost 確かな the U.S. and 全世界の economies will still be 取引,協定ing with the 衝撃 of the coronavirus pandemic.

In this undated photo provided by Citigroup, head of Citi's global consumer banking division Jane Fraser poses for a portrait. Citigroup announced Thursday, Sept. 10, 2020, that Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank. (Julian Restrepo/Citigroup via AP)

In this undated photo 供給するd by Citigroup, 長,率いる of Citi's 全世界の 消費者 banking 分割 Jane Fraser 提起する/ポーズをとるs for a portrait. Citigroup 発表するd Thursday, Sept. 10, 2020, that Fraser would 後継する Michael Corbat as the bank's next 長,指導者 (n)役員/(a)執行力のある, making Fraser the first woman to ever lead a 塀で囲む Street bank. (Julian Restrepo/Citigroup 経由で AP)

Since 早期に this year, banks have 始める,決める aside billions to cover 可能性のある 貸付金 losses as 商売/仕事s and 顧客s alike have fallen behind on 支払い(額)s. With a ワクチン still months away at least, and the U.S. economy in a 深い 後退,不況, the problems for borrowers are 推定する/予想するd only to get worse as the country 長,率いるs into the 落ちる and winter.

Corbat led Citigroup for eight years, 再構築するing the bank after it nearly 崩壊(する)d during the 広大な/多数の/重要な 後退,不況 and 2008 財政上の 危機. The 連邦の 政府 had to step in to buy a 火刑/賭ける in Citi to keep it afloat, and the bank had some of the most 有毒な 資産s on its 調書をとる/予約するs of all the major banks during this time.

Corbat turned Citi into a much smaller and stable (独立の)存在, 焦点(を合わせる)ing on its credit card 商売/仕事s and its international banking franchise. It was able to pass the 連邦の Reserve's "強調する/ストレス 実験(する)s," which 実験(する) a bank's resiliency, and is considered a much healthier 会・原則 now than it ever was before the 財政上の 危機.

Citi 拒絶する/低下するd to make Fraser 利用できる for interviews. In a 用意が出来ている 声明, Fraser said, "Citi is an incredible 会・原則 with a proud history and a 有望な 未来. I am excited to join with my 同僚s in 令状ing the next 一時期/支部."

FILE  - In this April 10, 2019 file photo, Citigroup CEO Michael Corbat testifies before the House Financial Services Commitee during a hearing,  on Capitol Hill in Washington. Citigroup announced Thursday, Sept. 10, 2020, that Jane Fraser would succeed Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank. Corbat led Citigroup for eight years, rebuilding the company after it nearly collapsed during the Great Recession and 2008 financial crisis.   (AP Photo/Patrick Semansky, File)

FILE - In this April 10, 2019 とじ込み/提出する photo, Citigroup CEO Michael Corbat 証言するs before the House 財政上の Services 送る during a 審理,公聴会, on (ワシントンの)連邦議会議事堂 Hill in Wa shington. Citigroup 発表するd Thursday, Sept. 10, 2020, that Jane Fraser would 後継する Corbat as the bank's next 長,指導者 (n)役員/(a)執行力のある, making Fraser the first woman to ever lead a 塀で囲む Street bank. Corbat led Citigroup for eight years, 再構築するing the company after it nearly 崩壊(する)d during the 広大な/多数の/重要な 後退,不況 and 2008 財政上の 危機. (AP Photo/Patrick Semansky, とじ込み/提出する)

FILE - In this Feb. 8, 2019, file photo the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange.  Citigroup Inc. reports financial results Wednesday, April 15, 2020. . (AP Photo/Richard Drew, File)

FILE - In this Feb. 8, 2019, とじ込み/提出する photo the logo for Citigroup appears above a 貿易(する)ing 地位,任命する on the 床に打ち倒す of the New York 在庫/株 交流. Citigroup Inc. 報告(する)/憶測s 財政上の results Wednesday, April 15, 2020. . (AP Photo/Richard Drew, とじ込み/提出する)

In this undated photo provi
ded by Citigroup, head of Citi's global consumer banking division Jane Fraser poses for a portrait. Citigroup announced Thursday, Sept. 10, 2020, that Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank. (Julian Restrepo/Citigroup via AP)

In this undated photo 供給するd by Citigroup, 長,率いる of Citi's 全世界の 消費者 banking 分割 Jane Fraser 提起する/ポーズをとるs for a portrait. Citigroup 発表するd Thursday, Sept. 10, 2020, that Fraser would 後継する Michael Corbat as the bank's next 長,指導者 (n)役員/(a)執行力のある, making Fraser the first woman to ever lead a 塀で囲む Street bank. (Julian Restrepo/Citigroup 経由で AP)

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