Citi CEO ‘Comfortable’ With Outcome of Probe Into Wealth Head

Citigroup Inc.Chief Executive Officer Jane Fraser said she is “comfortable” with the findings of an internal probe into the bank’s top wealth executive and pointed to strong performance in the division.

The bank earlier this year hired law firm Paul Weiss to investigate complaints about the behavior of its wealth-management chief, Andy Sieg, Bloomberg News reported in August. That investigation is now complete, though Citigroup has previously declined to comment on the outcome of the probe.

“We looked into the matter seriously and I’m very comfortable with the way we came out,” Fraser told Bloomberg TV in an ...