Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Holy God Citi’s done a deep-dive on PMIs. Everybody loves PMIs right?...
...“To be fair, in the last 20 years or so HPE missed some of the trends, even though we understood the trends . . . That’s why the next inflection point is a very important inflection point,” he said....
...Nvidia, which reports its fourth-quarter results in late February, has experienced the most direct continuation of last year’s AI-focused trend....
...Still, some eyebrows were raised at the Citi news over at Alphaville....
...Legend has it that John Bond, then HSBC chief executive, put in an angry phone call to Sandy Weill, his counterpart at Citi, saying back off. Those were the days....
...That trend holds more broadly, reports Bloomberg: Blackstone Inc. recently sought a $250 million loan at a rate of around 4.75 percentage points over the US benchmark to finance its planned purchase of...
...I believe that the long-term trends for the [industry] are negative....
...Citi’s AI “basket”, for example, offers a one-stop shortlist of apparent AI beneficiaries such as Adobe, the design software company....
...In the context of a tricky 2022 for US banks, the group bucked the trend and bumped up Fraser’s remuneration by 9 per cent to $24.5mn....
...The 8.9 per cent pay increase bucks the broader trend among big US banks, which in 2022 have either cut their CEOs’ pay or left it unchanged from the year before amid a slowdown in profits....
...Citi bucked the expected trend in another closely watched area of banking these days: deposits....
...Citigroup’s chief financial officer Mark Mason said corporate customers, which account for more than 60 per cent of Citi’s overall deposits, had been more sensitive to moves in interest rates....
...The trend has been growing for several months....
...They reached a settlement with Citi as the working year ground to a close. Messy disputes between lender groups about priority and collateral claims are best resolved via bankruptcy proceedings....
...(Ethan Wu) One good read Aswath Damodaran likes Citi stock....
...festival that sparks retrospection about the past year, and this seems timely for the environment, social and governance agenda, given that it is currently grappling with two competing — contradictory — trends...
...Citi’s decision to retrofit its office to have lower carbon emissions underscored a trend across commercial real estate, said Guy Grainger, global head of sustainability at JLL, a large commercial property...
...The shift echoes a broader trend in other types of climate-related votes....
...Citi chief financial officer Mark Mason told analysts the bank is expecting rates to “flatten” after the second quarter and then trend down towards the end of 2023 to about 4.5 per cent....
...Analysts at Citi have warned that European real estate values could fall by up to 40 per cent by the end of 2024....
...“We want to open other ways to attract the best talent and the quality of the CVs shows there is a trend from this generation that they want more free time.”...
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...Citi bucks Wall Street trend to give Jane Fraser a pay rise Citigroup increased chief executive Jane Fraser’s pay to $24.5mn for 2022, making her the only big US bank boss to receive a bump in pay amid a...
...A version of this article was first published by Nikkei Asia on February 14 2023. ©2023 Nikkei Inc. All rights reserved....
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