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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 reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
...The quant team at Citigroup has a take on the trope. It asks: What happens if an investor adds bitcoin to their 60/40 portfolio?...
...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....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...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 has agreed to disclose its relative levels of financial support for low-carbon energy versus fossil fuels — what’s known as a green financing ratio....
...He was previously at Citigroup. Norfolk Southern has nominated two board candidates as it seeks to fend off a shareholder-activist group....
...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...
...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....
...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....
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
...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....
...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...
...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
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