His successor faces a daunting to-do list, said Nick Summers in Bloomberg Businessweek. Michael Corbat, a little-known Citi veteran of three decades, will be under intense pressure to streamline the bank's sprawling businesses and mend fences with regulators in Washington. But his toughest challenge will be draining the "political swamp" of the bank's internal culture, in which shoddy oversight, high pay for subpar performance, and a lack of transparency flourished. Corbat's arrival "might just be a turning point" for this "great big beleaguered bank," said Gretchen Morgenson in The New York Times. Citigroup is finally being run by an actual banker, not a former hedge fund manager like Pandit or a lawyer like Pandit's predecessor, Charles O. Prince III. If Corbat can cut "this behemoth down to a manageable size," shareholders and taxpayers alike will have reason to cheer.