Bloomberg Citigroup Inc. cut Chief Executive Officer Mike Corbat’s compensation 6.1 percent for 2016 to $15.5 million after the firm’s profit declined. Corbat, 56, got a $4.2 million cash award and $9.8 million in shares that vest and pay out over a number of years depending on the bank’s performance, according to a regulatory filing. He also received a …

  Bloomberg Australia & New Zealand Banking Group Ltd. (ANZ) first-quarter cash earnings rose on a stronger performance from the lender’s domestic businesses, while the outlook for bad debts has improved. Unaudited cash profit, which excludes one-time items, rose to A$2 billion ($1.54 billion) in the three months ended Dec. 31, the Melbourne-based lender said in a statement to the …

  Bloomberg Wells Fargo & Co. said retail customers opened 31 percent fewer checking accounts in January than a year earlier in the wake of a settlement with regulators over fraudulent sales. Customers submitted 47 percent fewer applications for credit cards, the worst year-over-year decline since October, the San Francisco-based lender said in a statement. January marks the fifth consecutive …