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...Citi was eighth, followed by European banks UBS and Barclays....
...Citi reported net income of $3.4bn in the quarter, down 25 per cent from a year ago but better than the $2.3bn analysts had forecast....
...The new rules on British Isas could generate an extra £1.5bn in investment in UK companies, according to Citi....
...We est. that Citi’s market value implies an ROTCE of only about 5-6%, or about half Citi’s target of 11-12% in 2025E-2026E. (c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...Citi’s Andrew Lowe crunched ISA subscription numbers across the latest five-year term. He found the yearly average of subscribers “maxing out” is 1.8mn, or 17 per cent....
...Citi is expected to report its full fourth quarter earnings, along with a number of rivals, on Friday....
...“There’s been a strong external and as well as internal in Citi reaction to someone of Vis’s capability and stature joining Citi in this role,” said David Livingstone, Citi’s chief client officer....
...The changes Fraser outlined last year are resulting in at least 20,000 job cuts at Citi, the third-largest US bank by assets....
...Citi is expected to provide more details on the restructuring when it announces results next week. Here’s what we know about Citi’s plans for China....
...Citi offers attractive value relative to its peers. Currently, Citi’s price to tangible book value ratio — at just 0.6 times — is the lowest among the largest US banks....
...The World Bank and Citi have launched a $100mn bond to combat waste, with repayments partly determined by the sale of plastic and carbon offset credits....
...Citi declined to comment....
...Also, “Citi is neither endorsing cryptocurrencies nor providing a view or recommendation on a particular cryptocurrency. Nor does Citi have a view on the regulatory status of cryptocurrencies.” Etc....
...The biggest profit driver was Citi’s corporate and investment bank, where fees jumped about 50 per cent from a year ago....
...In October, Citi sold its Chinese consumer wealth business to HSBC....
...Citi said the rise in profits was mainly due to the higher revenues, partly offset by higher expenses and higher cost of credit....
...Fraser said Raghavan would start at Citi in the summer....
...Citi said the plan “makes sense” given the “lack of comfort the market has with [its] financial leverage”....
Plus, the FTSE 100, Mobileye, container shipping, Apple, Citi
...It also comes as Citi is cutting thousands of jobs as part of big reorganisation. A Citi spokesperson said: “Enhancing client experience is our number-one focus....
...asks Citi’s chief human resources officer Sara Wechter....
...Citi’s private bankers must now turn in call reports to record each conversation they have with a client and also what was discussed, the people said. Here’s how staff have reacted to the measures....
...The story behind Citi’s China expansion At Davos this month, JPMorgan Chase chief executive Jamie Dimon struck a cautious note on China....
...“It’s great for Jane [Fraser],” said one senior banker at Citi. Read the full story....
...In regulatory filing on Tuesday, Citi said Fraser’s pay, consisting of $1.5mn in base salary and a $24.5mn bonus, was based on her streamlining Citi’s strategy and announcing “the most consequential set...
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