Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts April 9, 2024 JP Morgan, Citi and Wells Fargo will all update investors on their performance so far this year with attention likely to be firmly fixed on their guidance for the year.
Barclays and Citi reportedly prepare for investment bank job cuts amid dealmaking slump March 21, 2024 Banking giants Barclays and Citigroup are reportedly preparing to cut jobs in their investment banking divisions as the sector grapples with a slowdown in dealmaking.
Citi’s investment banking market share drops to lowest level since 2000 February 27, 2024 Citigroup's share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand for the bank to catch up to its Wall Street rivals.
Citi poaches top JPMorgan investment banker to head up new division February 26, 2024 Citigroup has appointed JPMorgan Chase veteran Vis Raghavan to head up its new banking division as the Wall Street giant embarks on a mammoth restructuring.
Citigroup raises Scottish chief Jane Fraser’s pay to £20.6m while slashing 20,000 jobs February 21, 2024 Citigroup has handed its Scottish chief executive Jane Fraser a six per cent pay rise to $26m for 2023, citing her bold plan to overhaul the Wall Street bank.