Hints and tips:
Related Special Reports
...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....
...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....
...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....
...“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....
...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 changes Fraser outlined last year are resulting in at least 20,000 job cuts at Citi, the third-largest US bank by assets....
...The biggest profit driver was Citi’s corporate and investment bank, where fees jumped about 50 per cent from a year ago....
...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....
...Fraser said Raghavan would start at Citi in the summer....
...In October, Citi sold its Chinese consumer wealth business to HSBC....
...At Citi, the metric eked out a 1 per cent year-on-year gain but fell quarter on quarter....
...What tipped the index euphoric, notes Scott Chronert at Citi, was limited options hedging and rising margin debt: Next, momentum....
...asks Citi’s chief human resources officer Sara Wechter....
...But he does need to get Citi to resemble something like JPMorgan’s scale model....
...Citi says the reorganisation will wipe out five layers of management, cutting them down to eight from 13, with the heads of Citi’s five business units reporting directly to Fraser....
...JPMorgan, Citi and Wells will report earnings on April 12. Goldman Sachs publishes results on April 15 while Morgan Stanley and BofA will do the same the following day....
...Reuters was the first to report the filing as well as other details of Citi’s expansion plans. Citi declined to comment on the filing....
...Holy God Citi’s done a deep-dive on PMIs. Everybody loves PMIs right?...
...Citi’s transaction services division also reported one of its best quarters in years....
...Fraser jumped to Citi in 2004....
...Citi also has a reputation for offering favourable rates on mortgages to its law firm clients....
...The timing is good: Citi is winding down its consumer banking business in China and HSBC wants to grow its own operation. The deal is a small one....
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
...Citi’s decision follows JPMorgan’s recent announcement that they would also disclose this figure....
...Analysts at Citi put operating margins at least 60 per cent; they reckon ad sales generated about 7.5 per cent of Walmart’s total operating income last year and could account for 8.6 per cent this year....
International Edition