Citigroup Financial News

10.02 / 15:41

UPS CEO Citigroup Trading Places: Klein steps up at Credit Suisse, Carlyle’s new boss, FRC chief quits

Former Citigroup dealmaker Michael Klein was handed control of Credit Suisse's investment banking unit, along with two other top jobs, after the Swiss bank agreed to pay $175m for his 40-person boutique. Klein, a key architect of the spin-out of its investment banking business, was named chief executive of banking, head of its Americas operation and CEO designate of CS First Boston.

09.02 / 10:13

CEO Citigroup Boutique Credit Suisse hands Michael Klein three top jobs after $175m boutique buy

Former Citigroup dealmaker Michael Klein has been handed control of Credit Suisse's investment banking unit, along with two other top jobs, after the Swiss bank agreed to pay $175m for his 40-person boutique.

04.02 / 17:07

JPMorgan Citigroup Trading Places: Citigroup’s healthcare push, PwC’s sponsor pivot, Sir Nigel Wilson retires

Citigroup hired a senior JPMorgan dealmaker to head its healthcare investment banking team in Europe. Cyril Besseddik will join the US investment bank in May.

03.02 / 15:57

JPMorgan Citigroup Trading Places: Citigroup’s healthcare push, PwC’s sponsor pivot, Sir Nigel Wilson retires

Citigroup hired a senior JPMorgan dealmaker to head its healthcare investment banking team in Europe. Cyril Besseddik will join the US investment bank in May.

02.02 / 16:47

Citigroup Credit Suisse, Citigroup pull back from margin loans on Adani securities as stock rout continues

Credit Suisse and Citigroup's wealth arms have halted margin loans on Adani Group securities after a plunge in stock and bond prices at the companies.

30.01 / 18:41

JPMorgan Citigroup veteran Citigroup hires JPMorgan veteran Besseddik to lead healthcare deals in Europe

Citigroup has hired a senior JPMorgan dealmaker to head its healthcare investment banking team in Europe.

27.01 / 03:37

COST Citigroup Invesco BlackRock Aviva Investors, Invesco, Abrdn to hire in growth areas, shun ‘sweeping’ job cuts

When BlackRock axed 500 jobs in January, analysts predicted it would spark job cuts across the sector as fund houses look to save costs after a tough 2022.

19.01 / 16:47

COST Citigroup Davos debrief: What the World Economic Forum taught us about ESG, remote working and more

Financial News' very own Kristen McGachey braved the cold of Davos to report back on the world elite's priorities for 2023 as they face harsh economic realities.

13.01 / 17:31

Citi JPMorgan Citigroup dealmaking fall Citigroup ends tough year for dealmaking with 58% revenue fall

Citigroup's investment banking fees slipped by 58% in the final three months of 2022, capping a difficult year for dealmakers during which revenue halved and banks rolled out job cuts.

12.01 / 11:01

Target Citigroup SAP Executive Citigroup starts search for executive to lead wealth management unit

Citigroup is shuffling the leadership of its wealth management business, whose growth has fallen short of targets during a market downturn that has sapped demand for its services.

23.12 / 15:59

UPS Citi Strategy Citigroup Trading Places: Citi hires AI head, BNP’s new UK leaders, Credit Suisse MD list

Citigroup hired a dealmaker to lead its coverage of artificial intelligence companies, joining growing ranks of technology-focused senior bankers at the Wall Street lender. Sirisha Kadamalakalva joined Citigroup as global head of artificial intelligence investment banking, returning to dealmaking after a year and a half as chief strategy officer of technology firm DataRobot.

20.12 / 21:35

Strategy Citigroup Citigroup hires former Bank of America dealmaker Sirisha Kadamalakalva to head AI banking

Citigroup has hired a dealmaker to lead its coverage of artificial intelligence companies, joining growing ranks of technology-focused senior bankers at the Wall Street lender.

15.12 / 12:03

Citigroup veteran vice chair Deutsche Bank hires Citigroup veteran Di Stefano as Emea vice chair

Deutsche Bank has hired a former Citigroup executive to bolster its investment bank in Europe.

15.12 / 11:37

Citigroup Numis taps Citigroup, Goodbody, Davy execs for post-Brexit Dublin office

Numis has hired a trio of senior staff as it builds out its post-Brexit hub in Dublin.

14.12 / 17:13

Provident Citigroup Meet the 12 dealmakers to make MD at Citigroup in Emea

Citigroup may have promoted more managing directors this year, but the route to the top for its dealmakers got tougher amid a squeeze on investment banking fees.

13.12 / 21:51

Citigroup Citigroup has promoted 331 people to managing director — here are the names

Citigroup has promoted 331 people to managing director in 2022, an increase on last year even as large Wall Street banks look to rein in costs.

09.12 / 16:59

FIVE JPMorgan Racing Citigroup Trading Places: Barclays’ new MDs, Clifford Chance’s senior partner race, Citi’s FIG departure

A senior Citigroup dealmaker who co-heads the bank's coverage of financial institutions in Europe left as part of a shake-up of the team. Piers Davison, a former JPMorgan banker who joined Citigroup six years ago departed, according to people familiar with the matter.

08.12 / 19:37

JPMorgan Citigroup Financial Citigroup’s European financial institutions co-head Piers Davison departs

A senior Citigroup dealmaker who co-heads the bank's coverage of financial institutions in Europe has left as part of a shake-up of the team.

07.12 / 20:09

CEO Citigroup Citigroup CEO Jane Fraser says it is ‘repacing’ dealmaker investments

Citigroup chief executive, Jane Fraser, said the bank is "repacing" investments within its dealmaking unit after expected revenue growth has not emerged.

16.11 / 21:55

CBDC Digital MasterCard Citigroup Reserve MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve

Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system.

14.11 / 15:53

Citigroup Banking layoffs: Quick, painful and light — but more cuts are coming

Bank job cuts are back after a three-year hiatus, ejecting hundreds of dealmakers into a job market that offers precious few opportunities as a slump in capital markets and M&A looks set to roll into 2023.

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