Former Chief Executive Officer, Citigroup
Search every verified Michael Corbat interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Michael Corbat, who served as Citigroup's CEO from 2012 until his retirement in early 2021, discussed the bank's performance and the broader economic environment during the COVID-19 pandemic in several 2020 appearances. He stated that the bank came into the crisis with a strong balance sheet and that its earnings power was demonstrated by revenue growth and reserve building. Corbat said the pandemic was a public health crisis with severe economic ramifications, not a financial crisis, and that the banking system served as a transmission mechanism for government stimulus. He expressed the view that another round of stimulus was likely needed and should be more targeted, and he described the recovery path as uncertain, stating the bank was prepared for a "V," "U," or "W" shaped recovery. Corbat also noted that negative interest rates, while experienced by the bank in other markets, were not an effective policy tool in his view. Earlier in his tenure, Corbat discussed the bank's efforts on pay equity, stating that Citigroup had disclosed raw pay gaps and worked to improve representation in senior roles. He said the bank had increased the number of women and U.S. minorities on his management team. On trade, Corbat said he was not a believer in trade wars and that the U.S. should be smart about its approach to China. He described Bitcoin as a speculative instrument rather than a currency and said he did not invest in things he did not understand.
“Vera opens a brand new 200 billion TAM for NVIDIA, a market we have never addressed before, and every major hyperscaler is partnering with us to get it deployed.”
“I think if we don't get something done um right now, I think we will get something done in probably fairly early 2021. And I think the question's not going to be the if, but I think it's going to be more about the size and what can get get passed. And I think that will, you know, be largely determined by the outcome of...”
“I am. I I think we all should be worried about it. I think we've, you know, we've been talking about deficits for a number of years and what is sustainable. I think the um the consequence and the prospect of lower for longer in terms of interest rates obviously significantly reduces or holds down that borrowing cost. B...”
“I think as a result of our improved focus and investments, Citi undoubtedly became a simpler, safer, and stronger institution. We improved the quality and consistency of our earnings. We significantly increased our returns for for our investors. And as examples, David, you know, when I took over, I inherited net income...”
Dec.04 -- In this latest installment of "Bloomberg Invest Talks," Carlyle Group Co-founder David Rubenstein sits down with outgoing Citigroup Inc. Chief Executive Officer Michael Corbat to talk about his eight-year tenure as head of one of the world’s biggest banks, managing through the Covid pandemic, and what he sees next for the global economy.
Dec.04 -- Citigroup Inc. Chief Executive Officer Michael Corbat discusses the long-term impact of working from home during an interview with David Rubenstein on the "Bloomberg Invest Talks" webcast. “People talk about the productivity that comes with working remotely,” Corbat said. “Well if I worked 7 days a week, 15 to 16 hours a day and I don’t take any holidays, at least for a period of time I’m going to be more productive.”
Hello everyone i'm malika kapoor welcome to this bloomberg invest talks a conversation with michael corbat we're so pleased ...
In this episode of Influencers, Citigroup CEO Michael Corbat joins Andy to discuss banking from home, his looming retirement, and the role banks have played in keeping the U.S. economy afloat in 2020. #Recession #coronavirus #pandemic Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tool…
Citi CEO Michael Corbat's full interview with Yahoo Finance Editor-in-Chief Andy Serwer, where he discusses the economic recovery, the impact of COVID-19, interest rates, and his legacy after 37 years at the bank. #YahooAMS #CITI #MichaelCorbat Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get…
In conversation with Amanda Chen ’20, Citigroup CEO Michael Corbat explains how the firm handled the early days of the COVID-19 crisis, analyzes the government response to the economic downturn, and describes the challenges for the financial services industry during the pandemic.
May.29 -- Mike Corbat, Citigroup chief executive officer, discusses the process of returning employees to the office, the long-term impact of the coronavirus pandemic on the economy and government policy, and Citi's commitment to Hong Kong. He spoke exclusively to Bloomberg's Erik Schatzker on "Bloomberg Front Row."
May.28 -- Mike Corbat, Citigroup chief executive officer, discusses how the Covid-19 pandemic is changing the way his company operates, and the longer-term consequences for business, the economy and government policy. He spoke exclusively with Bloomberg's Erik Schatzker on "Bloomberg Front Row."
Sign in to search the full transcript archive, filter by topic, and access every quote from Michael Corbat.