Citi
Citi profit drops as costs rise for employee severance, deposit insurance
CITIGROUP’S profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund.
Net income...
Citigroup CEO faces growth challenge as overhaul rattles employees
CITIGROUP investors have rewarded CEO Jane Fraser with a share price boost after Fraser announced a sweeping overhaul of Citi’s sprawling structure in September, cutting costs by laying off...
Citi upgrades Japan to overweight, downgrades emerging markets to neutral
CITIGROUP on Monday (Apr 8) upgraded Japanese shares on expectations they will continue to benefit from a favourable macro environment, while downgrading emerging market stocks.
The brokerage now has an...
Brokers’ take: Citi initiates ‘buy’ on Jardine C&C with S$29 price target
CITI Research initiated coverage on Jardine Cycle & Carriage : C07 0% (Jardine C&C) with a “buy” call, as the research house expressed optimism on the conglomerate’s investments in...
Apac investment banking fees tumble in Q1: London Stock Exchange
ASIA-PACIFIC, excluding Japan, generated an estimated US$4.4 billion worth of investment banking (IB) fees in the first quarter of 2024, down 29 per cent on the year, despite a...
Apac investment banking fees tumble in Q1: London Stock Exchange
ASIA-PACIFIC, excluding Japan, generated an estimated US$4.4 billion worth of investment banking (IB) fees in the first quarter of 2024, down 29 per cent on the year, despite a...
Citi lays off 10 research staff in Asia-Pacific as part of global revamp: sources
CITIGROUP has laid off at least 10 people in its equities research department in Asia-Pacific this week, two sources with knowledge of the matter said, as the bank pushes...
Citi cuts London investment bankers as drought in deals persists
CITIGROUP is cutting jobs within its investment banking division in London, becoming the latest Wall Street giant to trim headcount as the slump in global dealmaking enters its third...
