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...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 been in a far worse position after divesting Smith Barney near the market bottom....
...More banking news: Citigroup has become the latest US bank to raise its chief executive’s pay, despite an almost 40 per cent decline in profits at Citi amid a sweeping reorganisation. 2....
...In the past year delinquent commercial property debt for the six big banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — nearly tripled to $9.3bn....
...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 has started tracking the calls its private bankers make to clients, people familiar with the matter have said, as the US lender tries to jump-start its struggling wealth management business....
...SMITH BARNEY: Smith Barney. They make money the old fashioned way....
...Last month Citigroup began accepting corporate credit from BlackRock and Schroders as collateral for trades in the repurchase — or repo — market to build their defences against future shocks....
...Phil Smith, head of Emea LDI research at BlackRock, the world’s largest asset manager, said demand should remain robust, with sterling-denominated corporate bonds tending to make up “the majority” of these...
...Chart of the day Results from four of the US’s largest banks on Friday — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — showed their lending businesses benefited significantly from higher...
...And here’s what I’m keeping tabs on today and over the weekend: Results: Several large US banks report annual results today, including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America....
...Citigroup is planning to deepen its involvement in China’s financial markets with the launch of an investment banking unit in the country — just as rivals grow more cautious there....
Armando Pereira suspected of being involved in scheme to rig telecoms and media group’s local procurement processes
...This article has been amended to clarify that Nathan Sheets is global chief economist at Citigroup...
...Here’s what else I’m keeping tabs on today: Citigroup job losses: Citi is due to announce a round of job losses later today, the first in a widespread restructuring plan, codenamed Project Bora Bora....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent. By contrast profits at all other institutions dropped by an average 19 per cent in the quarter....
...Citigroup chief executive Jane Fraser last week warned that “cracks” were emerging in the health of US consumers....
...One way or another Citigroup’s fate, as well as Fraser’s, will be settled over the next 18-24 months....
...Citigroup chief executive Jane Fraser has warned the bank’s 240,000 employees it is time to sign up to her overhaul of the bank or “get off the train”....
...Andrew Hollenhorst, chief US economist at Citigroup, argued the data would remain strong enough to warrant raising rates again next month, noting that on the whole growth has been robust, the labour market...
...Reporting by Robert Smith, Sarah White, Arash Massoudi, Leila Abboud, Adrienne Klasa, Barney Jopson and Ivan Levingston....
...Data visualisation by Alan Smith This article has been amended since initial publication to correct the figures for Spain’s average and maximum monthly pensions...
...The subsidiary of Patrizia has taken on Citigroup’s role as the “petitioning creditor” and White Oak is now the “supporting creditor” in the effort to wind up Liberty Commodities, which trades metals and...
...“Morgan Stanley made a killing with the Smith Barney deal, and they have added to that with Solium, ETrade and Eaton Vance, giving them much more products to sell to their clients,” said Filippo Alloatti...
...“Results were somewhat mixed, with net interest income in line in Spain and UK, but missing in Brazil, US and Mexico,” said Citigroup analyst Marta Sanchez Romero....
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