Citi’s Corbat builds bridges with regulators
(Reuters) – Citigroup Inc’s Michael Corbat has been meeting with bank regulators in his first months as CEO, as he looks to bolster relationships and finalize the bank’s plan to return capital to shareholders, sources familiar with the matter said. Corbat also expects to name his team of top managers within the next week or so, one of the sources said on Sunday. Corbat is expected to play it safe when Citigroup asks the U. S. Federal Reserve for permission for moves such as buying back shares or increasing dividends, analysts and investors said. . . .
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