In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss the recent news that Citigroup (NYSE: C) CEO Michael Corbat will be stepping down in 2021, and current President Jane Fraser will be taking his place, which will be the first time a woman has been CEO of a mega-bank. Plus, we recently learned that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) will be taking a stake in Snowflake's upcoming IPO. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
The bank made a $900 million error last month. Now, it's going to have to prove that it has dealt with the failures that allowed it to occur.