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NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman ever to lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced the succession Thursday. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that oversees checking and savings accounts but also Citi's massive credit card business. For 16 years, Fraser has worked in various departments within Citi:- 2015-19: Chief Executive Officer of Citi’s Latin American region.- 2013-15: Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. - 2009-13: Chief Executive Officer of Citi's Private Bank. - 2007-09: Global Head of Strategy and Mergers & Acquisitions.In 2004, she joined the company in its Corporate and Investment Banking division.She previously worked at McKinsey & Company, Goldman Sachs, and Asesores Bursátiles.Fraser also serves as a member of the Board of Dean’s Advisors at Harvard Business School and Stanford University’s Global Advisory Council. She's also a member of the Council on Foreign Relations.She earned her M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.Fraser's climb to the CEO role is a major accomplishment in an industry long dominated by men. Corbat led Citigroup for eight years, rebuilding the company after it nearly collapsed during the Great Recession and 2008 financial crisis.Corbat had been with the company for 37 years. 1500

New charges were filed late Friday against former Trump campaign chairman Paul Manafort in the special counsel investigation.Prosecutors allege that Manafort, with the assistance of longtime business partner Rick Gates, "secretly retained a group of former senior European politicians to take positions favorable to Ukraine, including by lobbying in the United States."The new indictment came less than two hours after Gates pleaded guilty to two criminal charges in federal court and pledged to cooperate with special counsel Robert Mueller's investigation of Russia and the 2016 presidential election.Prosecutors say Manafort orchestrated a group of former European politicians, called the "Hapsburg group," to pose as independent voices. Yet they covertly pushed positions favorable to Ukraine as paid lobbyists. Manafort used offshore accounts to pay the former politicians 2 million euros.Manafort also allegedly used million from an offshore account to fund a report on the trial of a political opponent jailed by his clients. A lawyer involved in the report -- Alex van der Zwaan -- pleaded guilty to lying to investigators earlier this week.The new charges, which sweep up some information Gates has conceded to investigators and other information in charges filed Thursday in Virginia federal court, include money laundering, foreign lobbying violations and making false statements.Manafort has pleaded not guilty and maintains his innocence.Gates admitted in a guilty plea Friday that he and Manafort had sent letters to the Justice Department in November 2016 and last February that falsely asserted they hadn't lobbied on behalf of Ukraine in the United States. The federal investigation into their lobbying work began in September 2016, about a month after Manafort left Trump's campaign.The new indictment also removes Gates from the charges, and also removes several counts from the original October indictment.In total, Manafort now faces five federal criminal charges in Washington, including money laundering and foreign lobbying violations, and 18 federal charges in Virginia, largely related to alleged bank fraud.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2241

NEW YORK CITY — Despite initially saying work would begin Thursday on a large "Black Lives Matter" mural on New York's Fifth Avenue, New York Mayor Bill de Blasio's office has now said the painting of the mural will be postponed until next week.The mayor said at his daily briefing Thursday that the delay was due to "logistics" and that his office will have more announcements about the project at a later date.De Blasio first announced the mural in late June, saying it would be painted on the famed avenue, right in front of Trump Tower. The location selected intentionally."Painting 'Black Lives Matter outside (President Donald Trump's) home is a message to him that, in fact, black lives do matter, that black people built New York City and they've never been compensated for all they did," de Blasio said.Dozens of cities across the country have painted similar murals on city streets, following in the footsteps of Washington, D.C.President Donald Trump slammed the planned mural Wednesday, calling it a "symbol of hate" in a series of tweets.Trump claimed the mural would be "denigrating this luxury Avenue" and "will further antagonize New York's Finest."De Blasio fired back on Twitter saying, "Black people BUILT 5th Ave and so much of this nation. Your 'luxury' came from THEIR labor, for which they. have never been justly compensated.""We are honoring them. The fact that you see it as denigrating your street is the definition of racism," de Blasio tweeted.On Tuesday night, New York City lawmakers approved an billion budget for 2021. That budget cuts the NYPD funding from the billion the department received in 2020 to about billion.This story was originally published by Anthony DiLorenzo on WPIX in New York City. 1752

Negotiations have slowly progressed in recent days as members of Congress and the White House try to iron out details in the next round of economic stimulus amid the coronavirus.One of the key issues where the sides have not found much agreement is on expanding food stamp benefits, which is a priority for Democrats. When the Senate GOP released their latest stimulus proposal last week, it did not include expanded food assistance.While generally Republicans have not been in favor of expanding food stamp benefits, one prominent Republican said on Tuesday he is supportive of increasing food assistance.Pat Roberts, R-Kan., told the Associated Press that he has raised the issue with Senate Majority Leader Mitch McConnell. The Kansas Republican is the chair of the Senate Agriculture Committee.“They are taking a look at it and I think we can get a positive result,” Roberts told The Associated Press. “If we can get a breakthrough on that, it could lead to some other stuff.”In May, Democrats approved a .5 billion stimulus plan of their own, which both the White House and Senate Republicans said they would not consider for a myriad of reasons.The House Democrats’ bill would have increased SNAP benefits by 15% through September 30, 2021, and would have provided an extra billion in food assistance through the pandemic.Feeding America, which is a consortium of the nation’s food banks, criticized the Senate Republicans’ proposal that was released last week, which did not include increased funding for food assistance. According to Feeding America projections, an estimated 17 million additional Americans are expected to become food insecure in 2020, placing further strain on the nation’s food banks and pantries.“The people we serve – many who are visiting our food banks for the first time – are waiting in hours-long lines for food,” said Kate Leone, Chief Government Relations Officer for Feeding America. “Not increasing investment in food, transportation, and storage, as well as the capacity to help our network feed millions more families during this economic downturn is a missed opportunity.”While there is a general consensus in Washington on sending out another wave of ,200 stimulus checks, other issues remain unsolved, including unemployment supplements and liability protection for companies. 2337

NEW YORK (AP) — In a litmus test for American moviegoing in the pandemic, Christopher Nolan’s “Tenet” brought in an estimated .2 million through the holiday weekend in U.S. and Canadian theaters. The result could be greeted as either the rejuvenation of U.S. cinemas — more Americans went to the movies this weekend than they have in nearly six months — or a reflection of drastically lowered standards for Hollywood’s top blockbusters given the circumstances. About 70% of U.S. movie theaters are currently open. Those in the country’s top markets, Los Angeles and New York, remain closed. Warner Bros. has emphasized that the usual opening-weekend calculus is out the window. Few onlookers felt it was possible to gauge how “Tenet” would open. The film, which cost 0 million to make and at least 0 million to market, will need to get close to 0 million to break even.The Walt Disney Co. also debut its 0 million live-action “Mulan” remake, but did so in a on-demand purchase for Disney+ subscribers. 1028