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Citi announced a handful of senior promotions for its consumer bank on Tuesday, according to a memo seen by Insider.
Gonzalo Luchetti, head of consumer banking in Asia Pacific and EMEA, was named head of US consumer banking, effective February 1.
David Chubak, head of US retail banking, and Craig Vallorano, head of Citi Retail Services, will swap roles, starting May 1.
The announcements come following Anand Selva taking over as CEO of Citi s global consumer banking at the start of the year. Selva replaces Jane Fraser, who will take over for Citigroup CEO Michael Corbat in February.
The big talk among economists and central banksters and some politicians in 2020 has shifted toward how the Coronacrisis will (or “must”) result in a global financial/social reset. I’ve said for years we can anticipate central bank digital currencies (even before that term existed) to happen in conjunction with a global financial reset. Now we are in that era, and I’ve been writing about it this year in my Patron Posts.
In short, I framed that argument as, “The world is set universally on a course of creating an everything bubble. When that explodes or implodes, it will be a global problem worse than the Great Recession, which will beg for a global answer.” With the global pandemic expanding some bubbles (like stocks) and, oddly, housing, and imploding other parts of the economy that were not bubbles (Main Street, such as restaurants, already endangered malls, etc.), one cannot help but think that time is here.
billion to shareholders. it s said to be the largest dividend play in the world. federal investigators look into a hack attack of the associated press twitter account. a fake tweet of an explosion at the white house that injured the president set off a mini flash- crash in the market. the dow dropped 145 points in a matter of seconds. the dow bounced back to rally 152 points on the all-clear. gold is down 7 dollars, oil up 18 cents. and an outtage on the charles schwab website had day traders and others complaining on twitter. the company immediately acknowleged the trouble. today could get a little crazy for traders out there. joining us now is larry shover of sfg alternatives. great to have you on the show today. i want to start by talking about that big market plunge yesterday, with the dow falling 154 points. is that completely over, or is the market still on edge? - i think we are always on edge. that 3.5- to 5-minute time period really had everyone on edge, and traders