Citigroup (C) Stock: CCO Will Retire

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Citigroup Inc (NYSE: C)

Something big just came across the wire. The CNA Finance team has heard that the Chief Compliance Officer at Citigroup will be resigning from his post. Of course, this leaves several questions unanswered. Who will be taking his place? Why is he resigning? How will this affect $C in the long run? And more! The CNA Finance team will be following the story closely and updating this post with any developments.

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Update

We now know the why. According to The Wall Street Journal, John Davidson is stepping down to retire. He has worked 3 years in the role of Chief Compliance Officer and has been with Citigroup for a total of 8 years. As always, we will keep you updated with any developments.

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