In a banking-world shocker, Citigroup CEO Vikram Pandit abruptly resigned from the global banking giant this week. Stepping into the role at the bank is longtime Citi veteran Michael Corbat.
But who exactly is Corbat, and what should investors expect as he takes the helm at Citi? In the video above, Fool analysts Matt Koppenheffer and Anand Chokkavelu discuss the new blood at Citigroup and share their views on what this means for the bank's future.
Anand Chokkavelu owns shares of Bank of America, Citigroup, Bank of Hawaii, and Wells Fargo. He also owns long-dated options on Bank of America and warrants on Citigroup, and Wells Fargo. Fool contributor Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Bank of Hawaii, Citigroup Inc , and Wells Fargo & Company. Motley Fool newsletter services recommend Wells Fargo & Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.