Hints and tips:
Related Special Reports
...Citigroup has started tracking how many calls its private bankers are making to clients as the US lender tries to jump-start its struggling wealth management business, according to people familiar with the...
...He added that the scandals put “not only TIC’s management and board, but also [Toyota Motor’s] management and board, on notice that Toyota Group is no longer exempt from following guidelines designed to...
...Herro’s comments underscore the extent of the challenge facing Bird, a former Citigroup consumer banking executive who has been seeking to revive the investment manager since his appointment in 2020....
...Some businesses continued to struggle, including the wealth management division....
...Citigroup lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn for her work, despite the bank’s profits falling almost 40 per cent amid a reorganisation....
...Citigroup has hired top JPMorgan investment banker Vis Raghavan to be its new head of banking, a major hire by the US bank that rounds out its top management team following a restructure last year....
...Citigroup has appointed top JPMorgan investment banker Vis Raghavan as head of banking, completing its new management team and attempting to jump-start an underperforming business....
...Linos Lekkas, who worked at Citigroup for 13 years, is retiring. He was most recently head of its corporate and investment banking for Europe....
...“Further discussions on this topic should involve all of the banking regulators and be informed by discussions with the asset management community.”...
...Or at least, they love to hate them; Citigroup is currently in the middle of a big project to remove layers of management, and Goldman Sachs recently had quite a nasty internal conflict partly driven by...
...HSBC has signed an agreement to acquire Citigroup’s retail wealth management portfolio in mainland China, the UK lender said on Monday....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...Citigroup plans to deepen its involvement in China’s financial markets with the launch of an investment banking unit in the country, even as rivals grow more cautious there....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
...Wall Street retail lenders, which have more diversified sources of revenues like investment banking and wealth management, can afford the fight for deposit....
...Citigroup plans to announce on Monday the first big round of lay-offs in a sweeping restructuring — the bank’s biggest revamp in nearly two decades — that will eventually result in thousands of positions...
...But they made up 87 per cent of Nordstrom’s total operating income in 2022 and 55 per cent of Macy’s, according to Citigroup....
...Miller, who runs investment group Boots Capital Management, has been advocating for his own turnaround plan at Crown Castle....
...Stephen Gandel The thing that has always made Citigroup unique is its broad reach. The tagline for years of Citigroup was Citi never sleeps....
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...The Japanese automaker has eschewed its usual conservative management style to partner with Chinese gaming and social media giant Tencent — whose social networking service is used by more than 1bn people...
...Reallocating just 1 per cent of assets under management globally to emerging markets each year could have a transformative impact on growth and development in these countries....
International Edition