Citi's next CEO Jane Fraser on K-shaped recovery, breaking gender barriers and ex-CEO Vikram Pandit'

The text message sounded innocuous, and certainly not like the watershed it heralded. “Can you call me on Saturday morning?” Citigroup Inc. chief executive Mike Corbat wrote to Jane Fraser, his number two, on a Friday evening in early September. Fraser, a 53-year-old Scot who had been named the bank’s president a year earlier, had just driven five hours from her house in Wyoming to Montana for a weekend of fly fishing...