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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) — Wells Fargo CEO Charles Scharf is apologizing for comments he made about the difficulty of finding qualified Black executives. Scharf said in a memo released this week that “there is a very limited pool of black talent to recruit from” in corporate America. The comments and similar statements made in a Zoom meeting led to an intense backlash in Washington and from advocacy groups. Scharf on Wednesday said in a prepared statement that the comments he made reflect “my own unconscious bias.”“There is no question Wells Fargo has to make meaningful progress to increase diverse representation,” he wrote. 629

Nearly two weeks after a 16-year-old Pennsylvania girl vanished with a 45-year-old man, the pair was found Saturday in Mexico and the man was arrested, authorities say.Amy Yu was "unharmed and in good health," Allentown police said in a statement.She and Kevin Esterly, the man police say she willingly ran away with, were escorted to Miami by US Homeland Security Investigations agents and the US Marshals Service.Amy has been safely returned to her family in Pennsylvania, according to a statement from Immigration and Customs Enforcement (ICE) and Homeland Security investigators.Esterly's arrest comes two days after Mexico's Attorney General issued an Amber Alert?for Amy. The alert said Esterly was the suspect in her disappearance and that an investigation showed she was in Mexico with Esterly. Her well-being, the alert said, was at risk.CNN has reached out to Mexico's attorney general and the federal police for comment, but has not heard back.Esterly was expected to be extradited back to Pennsylvania. 1027

NEW YORK CITY — Fire marshals arrested a 36-year-old man accused of setting off fireworks that burned down a Brooklyn home last month, officials said Thursday.Officials said that the video shows Damien Bend igniting the illegal fireworks on June 24. Bend is charged with arson, FDNY Commissioner Daniel Nigro said."Illegal fireworks pose significant dangers to the safety of New Yorkers and their property," Nigro said. "Our Fire Marshals will continue to actively enforce the laws relating to illegal possession and sales of fireworks in New York City."Bend allegedly set off numerous fireworks, sending one of them through a window at around 9:25 p.m. last Friday night. Officials say he continued to light them, even as flames could be seen through the window of the 51st Street home.Video shows that one of the people with Bend appeared to be smoking a cigarette and filming himself as he shot off the fireworks.His friend, also filming himself, eventually noticed the house was burning at 9:32 p.m. — about seven minutes after the fire started.The video showed one of the men trying to contain the fire with a garden hose, to no avail."They were doing it in such a confined area it was just bound to happen," said FDNY Captain Michael Koco, director of safety education. "It was a recipe for disaster."The FDNY has set up one of a number of informational booths across the city to inform residents of the dangers of setting off fireworks, given the dramatic spike in complaints."A lot of times, the people that are being harmed are the bystanders," Koco said.In the last nine days, fire marshals in New York have arrested 17 people and confiscated nearly ,000 worth of illegal fireworks.It took 60 firefighters to knock down the blaze started by fireworks at 51st Street."They're illegal for a reason," Koco said. "You're talking about explosives. So you need someone who's a professional to handle them."This story was originally published by Aliza Chasan and Cristian Benavides on WPIX in New York City. 2021

NEW YORK — The NYPD has suspended an officer without pay who was recorded using the bullhorn on his marked police vehicle on Saturday to shout "Trump 2020."The suspension is effective immediately without pay, the NYPD said Sunday.Brandon K Hines, who shared one of the videos on social media, said the incident occurred in the Flatbush neighborhood of Brooklyn."Trump 2020. Put it on YouTube. Put it on Facebook," the officer said as the vehicle sat at an intersection with its emergency lights on.The officer also encourages an unseen person to "take a picture" several times and called them a "tough guy." 615

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