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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 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....
...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 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....
...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...
...He was previously at Citigroup. Norfolk Southern has nominated two board candidates as it seeks to fend off a shareholder-activist group....
...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....
...Citigroup has been in a far worse position after divesting Smith Barney near the market bottom....
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....
...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....
...His emphasis below: Investors repeatedly tell us — “Don’t talk to me about Citigroup!” To us, this negative sentiment creates a more favorable setup for a potential double in the stock over 3 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 lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn, despite the bank’s profits falling almost 40 per cent amid a sweeping reorganisation....
...One way or another Citigroup’s fate, as well as Fraser’s, will be settled over the next 18-24 months....
Bond will fund recycling projects in Ghana and Indonesia that generate offset credits
...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...
Currency has climbed nearly 3% this year, handing losses to speculators positioned for a decline
...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....
...JPMorgan Chase, Citigroup and Wells Fargo were all able to charge more on loans while increasing payouts on deposits more slowly....
...Citigroup unveiled its biggest reorganisation in almost two decades, handing more control to chief executive Jane Fraser, simplifying its management structure and cutting jobs....
...For the past two-and-a-half years, Citigroup has sat on the sidelines while its Wall Street rivals have taken full control of their investment banking units in China, advising on listings and running sales...
...The latest bank looking to crack into private credit is Citigroup. It follows the likes of JPMorgan Chase, Barclays, Rabobank, Wells Fargo, Société Générale and Deutsche Bank....
...It was founded in 2015 by Bank America, Citigroup, Jefferies, Morgan Stanley and UBS, and generated close to $100mn in revenue in 2023, through selling to buyside investors and corporate clients....
...Citigroup chief executive Jane Fraser has her work cut out for her at the US’s third-largest bank ranked by assets....
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