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Trading places

1 Jul 2020 By John Foley

At $106 bln Mike Corbat’s lender is worth more than Charlie Scharf’s for the first time since the financial crisis, making it the third biggest U.S. bank. Citi may not reclaim its pre-2007 top spot, but Corbat’s overhaul is bearing fruit. Scharf, meanwhile, has his work cut out.

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