The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Jeff Immelt may give up leadership of General Electric Co sooner than his expected 20-year tenure, as he and fellow directors re-evaluate the right term for its chief executive, people familiar with GE's thinking said. (r.reuters.com/xek58v)* Citigroup Inc Chief Executive Michael Corbat vowed to find an "industrial-strength" solution to the regulatory problems dogging the bank. Speaking after Citigroup reported better-than-expected first-quarter earnings on Monday, Corbat faced more than a dozen questions from analysts on the bank's recent failure to win regulatory approval to return capital to shareholders. (r.reuters.com/sak58v)
Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C traded higher by 4.36% or $1.99/share to $47.67. In the past year, the shares have traded as low as $44.52 and as high as $55.28. On average, 31211600 shares of C exchange hands on a given day and today's volume is recorded at 51970280.
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