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Citigroup

The Strait of Hormuz – which links Persian Gulf producers to global markets – was subject to a double blockade during the US-Iran war.

Energy & Commodities

Oil may slump to US$60 as Hormuz shock from US-Iran war fades: Citi

Among other banks, Goldman Sachs Group has said the global oil market is set to swing back into oversupply

The regional ramp-up aligns with a global push to grow prime brokerage balances to more than US$700 billion by 2028, a leap from US$450 billion in 2025.

Banking & Finance

Citigroup to boost Asia prime brokerage staff by 10% this year

The Wall Street bank has been poaching rivals to anchor its leadership team

Flavio Figueiredo expects market participants to resume selling the greenback once the US-Iran war is resolved, given with their pre-war bias.

Banking & Finance

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.

Banking & Finance

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.

Global Enterprise

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.

Banking & Finance

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.

Banking & Finance

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.

Banking & Finance

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.

Banking & Finance

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

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

The whiplash has forced a reckoning among Wall Street strategists who entered 2026 predicting another banner year for markets.

Companies & Markets

Wall Street strategists wrestle with war’s toll on 2026 outlook

Consumer sentiment has plunged to the lowest on record

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