Skip to content
Search

Latest Stories

Jane Fraser becomes the first woman to head a Wall Street bank

CITIGROUP Inc on Thursday(10) named consumer banking head Jane Fraser to succeed Michael Corbat next year as the bank's chief executive officer, making her the first woman to lead a major Wall Street bank.

Globally, female leaders are still a rarity in banking. Alison Rose became the first woman to head a British bank when she took on the role at Natwest Group last year, while Santander executive chairman Ana Botin is the only female head of a major euro zone lender.


Fraser has long been seen as a rising star on Wall Street, and last year was seen as a potential CEO candidate by Wells Fargo & Co's board, before it settled on former JPMorgan executive Charles Scharf.

A 16-year veteran at Citi, who first joined to run client strategy in the investment bank, Fraser started her career at Goldman Sachs in the mergers & acquisitions department in London and then worked for Asesores Bursátiles in Madrid, Spain.

"Timing wise, this is a surprise to us. Strategically this could prove an opportune time for a transition in leadership at Citi. Investors will need to hear more from Jane, sooner rather than later," Credit Suisse analyst Susan Roth Katzke said in a note.

Last October, Fraser was promoted to the role of president and tasked to head its global consumer bank, a move that was widely seen as a precursor to her elevation.

Prior to that, she had been running the bank's Latin America business, including its Citibanamex division in Mexico.

She ran Citi's private bank and its troubled mortgage business, and is credited internally with helping the bank recover after the financial crisis, when it had to take $45 billion in taxpayer funds to survive.

More For You

migrants cross Channel

Migrants wade into the sea to board a dinghy to cross the English Channel on August 25, 2025 in Gravelines, France.(Photo: Getty Images)

Over 1,000 migrants cross Channel on Shabana Mahmood’s first day as home secretary

MORE than 1,000 migrants arrived on small boats across the Channel on Shabana Mahmood’s first full day as home secretary, taking total arrivals this year past 30,000.

The Home Office said 1,097 migrants crossed on Saturday after nine days without any arrivals. It was the second-highest daily total this year, after 1,195 on May 31. Crossings have now reached 30,100 — 37 per cent higher than at this point in 2023 and 8 per cent higher than 2022, the record year.

Keep ReadingShow less
Banksy mural at London’s Royal Courts of Justice

The mural has been covered and is being guarded by security

Instagram/ banksy

Banksy unveils provocative new mural at London’s Royal Courts of Justice

Highlights:

  • A new mural by street artist Banksy has appeared on the Royal Courts of Justice building in central London.
  • The artwork depicts a judge hitting a protester, with blood splattering their placard.
  • It comes days after nearly 900 arrests at a London protest against the ban on Palestine Action.
  • The mural has been covered and is being guarded by security; Banksy confirmed authenticity via Instagram.

Banksy’s latest work at the Royal Courts of Justice

A new mural by the elusive Bristol-based street artist Banksy has appeared on the side of the Royal Courts of Justice building in central London.

The artwork shows a judge in traditional wig and black robe striking a protester lying on the ground, with blood depicted on the protester’s placard. While the mural does not explicitly reference a specific cause or incident, its appearance comes just two days after almost 900 people were arrested during a protest in London against the ban on Palestine Action.

Keep ReadingShow less
7 wildest moments that had everyone talking all night

7 moments that absolutely broke the Internet at the 2025 VMAs

Getty Images

VMAs 2025: 7 wildest moments that had everyone talking all night

Highlights

  • Mariah Carey finally gets her long-overdue Video Vanguard Award and calls out MTV mid-speech.
  • Sabrina Carpenter turns her performance into a bold protest for trans rights, leaving the crowd stunned.
  • Lady Gaga ditches the venue for Madison Square Garden mid-night, sparking memes about her double life.
  • Ariana Grande’s on-stage struggle with her mic height and tiptoe stance becomes instant internet comedy.
  • Rosé makes K-pop history with a solo win, while Doja Cat’s lipstick-eating moment keeps TikTok in a chokehold.

Last night felt like pop culture grabbed us by the shoulders, shook us, and screamed, “STILL HERE, AND STILL MATTERS.” The VMAs were back, and they barged in like a loud cousin who knows the aux belongs to them. For three hours, pop culture felt alive again.

If you missed it, here’s what everyone is still talking about.

Keep ReadingShow less
Spotting the signs of dementia

Priya Mulji with her father

Spotting the signs of dementia

How noticing the changes in my father taught me the importance of early action, patience, and love

I don’t understand people who don’t talk or see their parents often. Unless they have done something to ruin your lives or you had a traumatic childhood, there is no reason you shouldn’t be checking in with them at least every few days if you don’t live with them.

Keep ReadingShow less
Uber

Takeaway apps have become a source of employment for undocumented migrants

Getty Images

Uber warns UK food delivery costs could rise amid crackdown on illegal migration

Highlights:

  • Uber warns Home Office rules targeting illegal gig economy workers could increase takeaway delivery costs in the UK.
  • Undocumented migrants have historically used food delivery apps for work, exploiting limited right-to-work checks.
  • Companies like Uber Eats, Deliveroo, and Just Eat have introduced stricter checks, including facial recognition and document verification.
  • Compliance and administrative costs have contributed to a fall in Uber UK profits despite rising revenues.
  • Government enforcement includes thousands of interviews and hundreds of arrests for suspected illegal working.


Uber’s UK accounts at Companies House welcomed the Home Office’s efforts to deter migrants and people smugglers from risking Channel crossings. However, the company cautioned that “new legislative requirements could have an adverse impact on our business, including expenses necessary to comply with such laws and regulations.”

Takeaway apps have become a source of employment for undocumented migrants, attracted by historically limited right-to-work checks. Delivery riders have sometimes sold or rented their accounts on social media to “substitutes” who may be working illegally.

Keep ReadingShow less