Citigroup Inc.’s dealmakers have been keeping busy with family offices looking to get in on the blank-check frenzy. Now the lender wants to bring its private bank a piece of the action.
The 10-person group had been overseeing $2.9 billion in assets and is based out of New York City and Boca Raton, Florida.
Citigroup Inc. will resume job cuts starting this week, joining rivals such as Wells Fargo & Co. in ending an earlier pledge to pause staff reductions during the coronavirus pandemic.
Citigroup Inc.’s revenue from fixed-income trading surged 68%, beating the most optimistic analyst estimates and keeping the bank solidly profitable in the second quarter as it set aside $7.9 billion for souring loans.
Citigroup Inc. and Morgan Stanley told employees not to travel internationally for non-essential business, expanding earlier restrictions in Wall Street’s latest responses to the spread of the coronavirus.
Citigroup Inc. has grown concerned the U.S.-China trade war will persist long enough to dent any potential profit rebound for corporate America.
Markets unit to pay $1.25 million for failing to fingerprint and search for felony violations on some thousands of non-registered employees.
The bank’s services for the very wealthy and their businesses drove a 2% jump in revenue but failed to offset a 5% decline in its much large institutional trading and banking businesses.