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The Latest Breaking News from Mark Mason

Citi’s new CFO is the latest sign the 'operator' era has arrived

From running U.S. Personal Banking to steering the balance sheet, Gonzalo Luchetti embodies the new CFO profile.

Fortune

As Trump's deadline for a cap on credit card rates looms, banks have only questions and no answers

President Donald Trump has demanded a 10% cap on credit card interest rates by January 20

The Independent UK

Citi CFO Mark Mason says the bank is strong and his successor will ‘continue the momentum’

The longtime finance chief prepares to hand off the CFO role to Gonzalo Luchetti after helping steer Citi through restructuring and solid performance in 2025.

Fortune

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read the most diverse news in one place.

Citi CFO Mark Mason has the CEO qualities for his next chapter, says former American Express chief

Mason plans to leave Citigroup by the end of 2026 after a 25-year journey at the company.

Fortune

Citi CFO Mark Mason on how AI powers a global advantage

Citi is using AI to streamline operations while maintaining risk controls, Mason says.

Fortune

This Dividend Stock Had a Record Q3: Is It Too Late to Buy After the 40% YTD Surge?

Citigroup is not only outperforming its large banking peers this year but also has among the highest dividend yields. Is the stock a buy despite the YTD rally?

Barchart

Strong Dealmaking Boosts Profits At US Banking Giants

Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.

International Business Times

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Citi CFO leans into AI as Q2 earnings surge past expectations

Mark Mason shared insights on the company’s performance and client outlook.

Fortune

US Banks See Lower Recession Risk Despite Tariff Fog

Large US banks reported results that topped estimates Tuesday as executives pointed to American economic resilience and said businesses were adapting to tariff uncertainty.

International Business Times

Citigroup Q2 Revenue And Profit Jumps, CFO Says Recession Risk Has Fallen

Citigroup (NYSE:C) reported on Tuesday that the second-quarter fiscal 2025 revenue growth was 8% year-over-year and was $21.7 billion, beating the analyst consensus estimate of $20.9 billion. This growth was driven by each of the five interconnected businesses.

Benzinga

American consumers are still buying like crazy, but the largest credit card companies are stashing funds away for a rainy day

Consumers continued to increase spending, according to quarterly earning reports.

Fortune

How political uncertainty can fast-track your career

Some leaders say economic uncertainty is a big career advantage.

Fortune

Citi's $81 trillion mixup underscores the risks of manual processes

"Human error is inevitable," says an accounting expert.

Fortune

Citigroup's $81 trillion mistake is a warning sign 'that operational risk is still a ticking time bomb in banking,' expert says

It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead of $280.

Fortune

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International Business Times

US Bank Profits Rise As Wall Street Hopes For Merger Boom

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall Street eyes a potential merger boom under the incoming Trump administration.

Fortune

Citigroup CFO Mark Mason tells Goldman Sachs audience why his bank failed to meet regulatory requirements as part of $400 million penalty

The chief financial officer explained how the way Citigroup was founded is contributing to problems complying with regulatory requirements.

The Guardian - UK

Lord of the ringtones: Nokia celebrates pop-culture status by opening design archive

The mobile phones we loved then lost are honoured by an online archive which reveals history of bestselling brand

Fortune

Meet 9 CFOs from the Fortune 500 poised to make the jump to CEO

A seasoned executive recruiting expert identifies potential chief executives.

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International Business Times

Mixed Profits At US Banks Amid Weaker Signs From Low-income Customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

International Business Times

Solid Profits At Banks As Execs Debate US Economic Risks

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

The Guardian - US

Citigroup to cut 20,000 jobs after steep quarterly loss

JPMorgan Chase posts record annual profit as earnings season gets under way

Fortune

Citi CEO Jane Fraser: 'We must be proactive about embracing A.I.—it's an essential part of winning in the digital era'

Generative A.I. has the potential to revolutionize all functions across the banking industry, according to Fraser.

Fortune

Citigroup CFO Mark Mason on how ‘careers are defined in times of crisis’

Mason discusses the regional bank turmoil but also shares how an earlier crisis shaped his career.

Tribune News Service

JPMorgan, Citigroup and Wells Fargo reap gains from rates roiling small banks

JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. are reeling in windfalls from higher interest rates that upended smaller lenders last month.

The Guardian - UK

Critically ill patients ‘will inevitably die’ due to junior doctors’ strike

Exclusive: leading heart experts urge BMA to exempt staff working on critical care units in England

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