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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 YORK (AP) — “Sesame Street” has always pressed for inclusion. Now in the wake of the national reckoning on race, it’s going further — teaching children to stand up against racism. Sesame Workshop — the nonprofit, educational organization behind “Sesame Street” — will air the half-hour anti-racist special “The Power of We” and hopes families will watch together. The special defines racism and shows how it can be hurtful. It urges children who encounter racism or hear someone else be the victim of it to call it out. Gabrielle the Muppet advises: “When you see something that’s wrong, speak up and say, ‘That’s wrong’ and tell an adult."“Sesame Street has the ability to entertain children while explaining complex issues like no other program and equips families and caregivers with the support they need to have empathetic conversations,” said Kay Wilson Stallings, Executive Vice President of Creative and Production at Sesame Workshop. “We believe that this moment calls for a direct discussion about racism to help children grasp the issues and teach them that they are never too young to be ‘upstanders’ for themselves, one another, and their communities.”The special will stream on HBO Max and PBS KIDS starting Thursday, October 15, PBS says. The special will also be aired on PBS stations throughout the United States. 1342
New York State has issued guidance on professional sports competitions as part of Phase Four of the New York Forward program.The state says professional sports can resume in the state, but with no fans."Ensure that no live audience, fans, or spectators are allowed to attend or permitted to enter any professional sports venue, even if an outdoor venue. Prohibit fans from congregating outside the venue and implement a security plan to safely disperse any individuals that gather outside of the venue," the guidance states.Several guidelines will also be in place for team staff, athletes and venue personnel such as:Maintaining six feet of distance whenever possible.Wearing appropriate face coverings whenever possible.Limiting the use of frequently shared spaces.Limiting the number of individuals on site at a given time.Ensuring all team staff, athletes, and venue personnel receive training on COVID-19 safety, proper hand hygiene, and cleaning and disinfection protocols.Limiting the sharing of objects.Providing and maintaining hand hygiene stations.Conducting regular cleaning and disinfecting of the venue and equipment.No sharing of food or personal items.Diagnostic testing for COVID-19 for all athletes and essential team staff with regular player access 48 hours before a competition.Daily health screenings for anyone entering the venue.The state says this guidance does not apply to collegiate sports, horse racing or auto racing.This article was written by Anthony Reyes for WKBW. 1506
NEW YORK – Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday.The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.The S&P 500′s milestone caps a furious 51.5% rally that began in late March.Tremendous amounts of aid from the Federal Reserve and Congress helped launch the rally, which built momentum on signs of budding growth in the economy. 616
NEW YORK -- Police took a man into custody after a 92-year-old woman was shoved and hit her head in an apparent random attack in Manhattan earlier this month.Rashid Brimmage was arrested Tuesday afternoon. The 31-year-old man faces a charge of assault, according to authorities.The incident happened on June 12 just before 3:30 p.m. along Third Avenue between 15th and 16th streets in Gramercy Park, police said.Surveillance video released by police showed the suspect shove the woman as she walked past him on the street. 530
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