Citigroup
Wall Street banks cut more than 5,000 jobs even as they notch record profits
The banks’ willingness to trim headcount shows they are eyeing AI to help them do more with less
Citi profit beats estimates as market volatility lifts trading revenue
Profit increased to US$3.06 per share in the three months ended March 31
Big US banks set to temper bond sales after strong 2026 debut
Sales will occur after the six firms release first-quarter results
Wall Street strategists wrestle with war’s toll on 2026 outlook
Consumer sentiment has plunged to the lowest on record
Top Citigroup Asia banker Jan Metzger leaves for role at StanChart
He is stepping into a bank with an underwhelming investment banking franchise
Talent fight intensifies in Hong Kong’s US$1 trillion wealth hub
The city is re-emerging as a primary destination for shifting capital, amid geopolitical volatility in the Middle East and regulatory tightening in Singapore
Citi to keep most UAE branches closed indefinitely due to Iran war
It is the latest sign of the impact of the conflict on the industry
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves come after Iran threatened to target US and Israeli banks in the Gulf region
Citi braces for busy spell for financial sponsors deals in Asia
The bank leads on the STT GDC deal for KKR and Singtel, providing key acquisition financing
Wall Street banks offer UAE staff option to relocate temporarily
Foreigners account for about 90% of the country’s population
