Citigroup

Citigroup targets hedge funds, private equity in FX growth push

Options have become a growing focus within FX as trading activity accelerates, making it a priority for the Wall Street bank

For Japan’s bankers, who often get paid less than in other financial hubs, the tight labour market could bring welcome changes.

Citigroup’s Japan banking head seeks expansion despite talent crunch

Besides investment banking, the firm’s other main businesses there include trading, corporate and commercial banking as well as transaction services

Anthropic is “the leader in enterprise AI” due to strong traction in commercial uses such as software development, and agentic, task-automating workflows.

Citigroup lifts AI market forecast to more than US$4.2 trillion

This is due to faster-than-expected enterprise adoption of artificial intelligence tools for coding and automation

Citigroup aims to improve coordination between local and international teams to win cross-border M&A and sponsor work.

Citi to boost Japan, China investment banking teams, plans senior sector-focused hires

The firm is pushing ahead with growing its in-market presence in Asia

Wells Fargo reduced its headcount by 4,199 jobs in the first three months of the year.

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

“We remain very much on track to deliver the 10-11 per cent Return on Tangible Common Equity (RoTCE) target this year,” said CEO Jane Fraser.

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

JPMorgan analysts forecast that America’s biggest banks will issue about US$35 billion in bonds this quarter.

Big US banks set to temper bond sales after strong 2026 debut

Sales will occur after the six firms release first-quarter results

While Jan Metzger has helped Citigroup land some of Asia’s biggest tech mandates, the bank’s equity capital markets record has been uneven

Top Citigroup Asia banker Jan Metzger leaves for role at StanChart

He is stepping into a bank with an underwhelming investment banking franchise

The hiring landscape is shifting into a fight for talent as regional and mainland Chinese banks aggressively expand.

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