By Isla Binnie and Lananh Nguyen NEW YORK (Reuters) – Over a recent lunch with Warren Buffett, Citigroup CEO Jane Fraser outlined her latest round of reorganization efforts to simplify …
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(Reuters) – Citigroup launched a private lending vehicle in partnership with alternative investment manager LuminArx Capital on Thursday, looking to expand its footprint in a market that has attracted significant …
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By Tatiana Bautzer NEW YORK (Reuters) – Three senior executives are leaving Citigroup’s equity-trading division, two sources with knowledge of the matter said on Wednesday, as the company undergoes a …
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(Reuters) – Citigroup’s Chief Financial Officer Mark Mason said on Friday the bank expects its headcount to be down roughly 20,000 by 2026. The third-largest U.S. bank reported a $1.8 …
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(Reuters) – U.S. lender Citigroup is closing its global distressed-debt business as part of CEO Jane Fraser’s overhaul, CNBC reported on Wednesday citing people with direct knowledge of the matter. …
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By Tatiana Bautzer NEW YORK (Reuters) – Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters. “The economics of these activities are …
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By Tatiana Bautzer NEW YORK (Reuters) – A top Citigroup executive asked employees to speak up if they see inappropriate behavior after a managing director sued the company this week, …
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NEW YORK (Reuters) – Citigroup CEO Jane Fraser announced the next layer of management changes in a sweeping reorganization, according to a memo to staff on Monday. “The actions we’re …
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GDANSK (Reuters) – Citigroup has resumed the process of selling the retail business of Bank Handlowy in Poland, Bank Handlowy CEO Elzbieta Czetwertynska said on Friday, adding that talks with …
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By David Carnevali and Svea Herbst-Bayliss NEW YORK (Reuters) – Investment bank and capital markets firm Jefferies has hired industrial banker Francis Tucci from Citigroup for a senior role, according …
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(Reuters) – Citigroup on Friday upgraded its recommendation on Japanese stocks to “neutral” as the country’s economy and earnings look resilient, but downgraded British equities to “underweight” due to high …
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By Tatiana Bautzer NEW YORK (Reuters) – Citigroup CEO Jane Fraser said on Friday that top employees were on board with the company’s sweeping reorganization, and that there was “no …
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(Reuters) – Citigroup and a former unit were fined $1.975 million by the U.S. Securities and Exchange Commission on Thursday for making securities recommendations to retail customers without complying with …
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(Reuters) -Citigroup now expects the U.S. Federal Reserve to raise its key interest rate by 25 basis points (bps) in November, compared with its previous forecast of a September hike. …
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(Reuters) – Citigroup downgraded its 2023 economic growth forecast for the euro area to 0.4%, and said it expected the region’s economy to shrink “gently” over the next three quarters. …
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By Lananh Nguyen NEW YORK (Reuters) – Paco Ybarra, the CEO of Citigroup’s institutional clients group, will leave in the first half of next year, according to an internal memo …
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(Reuters) – Citigroup raised its year-end target for the S&P 500 by 15% as it now sees a higher probability of a soft landing for the U.S. economy, as well …
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By David French and Anirban Sen (Reuters) – Citigroup Inc has hired former UBS Group AG banker Dan Ford as a vice chairman within the natural resources and clean energy …
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By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores the lender’s ambitions in the …
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(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of a recession. Financial markets have …
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(Reuters) – Citigroup expects the European Central Bank to hike rates by 50 basis points each in March and May to push its policy rates to about 4% by July. …
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(Reuters) – Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order, people familiar with the matter said on Thursday. …
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(Reuters) – Citigroup Inc said on Monday it was expecting $190 million of costs tied to winding down its consumer and institutional banking business in Russia, as of the end …
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(Reuters) – Citigroup Inc is laser-focused about its “mission-critical” transformation agenda, its global head of treasury and trade solutions business said on Tuesday, as the bank undergoes a strategy refresh …
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By Mehnaz Yasmin (Reuters) – Citigroup Inc’s shares are approaching a potential bullish technical signal which indicates that this year’s 14% rally could continue, even as some analysts remain critical …