Citigroup
Citigroup to lay off more employees in March
The layoffs are expected after bonuses are paid in March
Bank of America, Citigroup weigh new cards with 10% rate
Some bank executives have publicly said that they agree with Trump’s focus on affordability
Citigroup profit hit by Russia charge as dealmaking and services shine
The sale of AO Citibank has resulted in a pre-tax loss of about US$1.2 billion, largely related to currency translation
Citi to cut about 1,000 jobs this week
The company also plans to report full-year results on Wednesday
Six banks seen reaping US$157 billion on Trump’s return
Some banks have already telegraphed the boost from deal flow
Citigroup predicts strong deal activity in 2026 in Asia Pacific
Key themes include greater M&A from the Middle East into China and elsewhere
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia
Citigroup, Daiwa are latest to expand Japan dealmaking teams
This is due to hostile takeovers no longer being taboo, and private equity and activist investors are more prominent
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
[SINGAPORE] Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia.
