When Michael O’Neill was recruited to join Citigroup’s board of directors in 2009, and three years later become its chairman, a post he retired from earlier this year, he seemed like an unlikely choice. This was the biggest stage in banking. Citigroup had entered the financial crisis as the largest bank in America. Its operations were mind-numbingly complex. And its exposure to subprime mortgages and securities had, one year earlier, produced a $53 billion pre-tax loss, and led to a government bailout and restructuring of monumental proportions. Even after the Department of the U.S. Treasury injected $45 billion into the…

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John Maxfield


John Maxfield is a freelance writer for Bank Director magazine. He was previously the senior banking specialist at The Motley Fool. He regularly writes for Bank Director magazine and BankDirector.com. His work has been syndicated widely to national publications including USA Today, Time and Business Insider, and he’s been a regular guest on CNBC. John has a bachelor’s degree in economics from Lewis & Clark College and a juris doctorate from Southern Methodist University. He’s a licensed attorney in the State of Oregon.

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