FDIC Reports Fall in Deposits by $370 Million in US Banks
Reports from the Federal Deposit Insurance Corporation (FDIC) reports that U.S. Bank Deposits have fallen by $370 Million, one of the largest declines since 2018.
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Banking
The Sound of Shattering Glass: Jane Fraser Named CEO of Citigroup
“A successful woman is one who can build a firm foundation with the brick that others have thrown at her.” – Anonymous
According to Fortune, the number of women running Fortune 500 companies represents a mere 7.4% of the top spots in 2020. However, Jane Fraser shattered the glass ceiling and has helped to pave a way for women on Wall Street. Citigroup, the third-largest bank in the United States, named Ms. Fraser to take the reins as chief executive in February. She is the first woman to lead a major Wall Street bank and will succeed Michael Corbat who has been CEO for eight years.
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