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...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...
...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....
...Citigroup said it expected to cut 20,000 jobs in the “medium term” as it reported its worst quarter for 15 years....
...In its early days Citigroup styled itself as a “financial supermarket”, a one-stop shop for all kinds of banking services around the world. But that plan has backfired in recent years....
...Citigroup has decided to wind down its operations in US municipal bonds, a $4tn market used by state and local governments to raise money for public works and finance their debts....
...Stephen Gandel The thing that has always made Citigroup unique is its broad reach. The tagline for years of Citigroup was Citi never sleeps....
...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....
...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...
...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...
...Ed Morse, a veteran oil and commodities analyst known for often bearish market outlooks on crude, is leaving his post at Citigroup after 12 years, the bank said in a memo....
...Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling US bank reported its worst quarter in 14 years....
...HSBC has signed an agreement to acquire Citigroup’s retail wealth management portfolio in mainland China, the UK lender said on Monday....
...He was previously at Citigroup. Norfolk Southern has nominated two board candidates as it seeks to fend off a shareholder-activist group....
...One way or another Citigroup’s fate, as well as Fraser’s, will be settled over the next 18-24 months....
...Events: Former UBS and Citigroup trader Tom Hayes, the first person jailed over the Libor scandal for conspiring to rig the benchmark interest rate, will challenge his conviction in London’s Court of Appeal...
...If there was a risky venture, that was the point of Citigroup. The point of Citigroup was to get money from lower return businesses into higher return businesses....
...Citigroup has been in a far worse position after divesting Smith Barney near the market bottom....
...US investment bank Citigroup has increased its forecast for China’s gross domestic product growth this year to 5 per cent, citing stronger than expected policy support and a “clear cyclical bottom” for the...
Relationship status: it’s complicated
...Since taking the helm at Citigroup in March 2021, the 56-year-old has cut jobs and ditched retail banking operations in 14 overseas markets. In September, she announced an even bigger shake-up....
...In other Wall Street updates, Citigroup said it would cut 20,000 jobs after its worst quarter in 15 years; JPMorgan Chase reported record annual profits thanks to high interest rates; Morgan Stanley will...
...The timing of the move was as newsworthy as his destination: Citigroup, which last year ranked fifth for investment banking fees, according to data from the London Stock Exchange Group....
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