Citi overcomes declines in investment banking and equity markets segments to post strong overall Q1 figures
Net income at the bank increased by 7% year-on-year with total revenues up 12%.
Tag: Citigroup
Saudi steps up ambitions with new primary dealers for government debt
The Kingdom has appointed five international banks to act as market makers in a bid to boost its secondary debt market.
Citigroup beats quarterly expectations driven by strong trading performance
The bank reported an 11% increase in total revenues in the second quarter, despite suffering losses in its investment banking division.
Strong trading revenues see major banks squash predictions this earning season
Revenues at Goldman Sachs, Morgan Stanley, and Citi soared on the back of gains made in trading, lending and ongoing market volatility.
Citi CEO lays out reorganised strategy for 2022 as Q4 profits drop 26%
The bank is making some major changes to its reporting structure as it moves to consolidate business operations.
Retired Citi risk chief resurfaces at State Street
New chief risk officer previously served in the same role for eight years at Citi and replaces retiring State Street risk chief Andrew Kuritzkes.
Banks handed further fines in Switzerland for FX trading cartel
Swiss competition authority has fined Barclays, Citigroup, JP Morgan, RBS & MUFG a combined CHF 90 million for its role in rigging the FX spot market.
Eurex Clearing gains ground with profit scheme for repo
Major investment banks including Citigroup and JP Morgan sign up to use the Eurex clearing profit scheme for repo as Brexit looms.
Tradeweb taps Eurex for direct clearing of interest rate swaps
The first interest rate swap trade at Tradeweb executed between Union Investment and Citigroup has already been cleared following connection to Eurex.
Sell-Side
Targeting talent: The industry’s new battleground
Attracting and retaining the brightest talent available has become the new battleground for investment banks as new compliance obligations and technology developments create warring factions desperate to secure the best personnel possible. Hayley McDowell tells the story behind this method of attack and finds out that a talent shortage could be just on the horizon for major players.