Citigroup on Thursday announced the promotion of 344 executives in 29 countries to managing directors, known as MD, the bank's higher officer title.
Cary Kochman, one of Citigroup's top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank's mergers and acquisitions group, people familiar with the matter told Reuters on Thursday.
C's solid growth prospects on the back of business transformation look encouraging. Yet, regulatory issues and rising credit losses are concerning.
Citigroup began rolling out on Wednesday new artificial intelligence tools to be used by employees in eight countries, senior executives said.
President-elect Donald Trump's potential tariffs may result in more business for the bank as clients re-evaluate trading partners and supply chains.
Warren Buffett and his company, Berkshire Hathaway, have made a name for themselves by generating great returns for decades. That, coupled with the power of time and compounding, has led Berkshire's stock to widely outperform the S&P 500, which has a good history itself.
Strategists at Citigroup say investors are increasingly giving up on bets against the U.S. stock market.
C nears divesting Banamex as part of its restructuring efforts to exit the retail banking business in some markets and invest in sectors with high potential.
Warren Buffett and Ken Griffin share a few things in common. First, they're both billionaires and highly respected investors.
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.
C's investment in Pylon will help automate mortgage origination and offer interim funding to consumers until the loans reach the capital markets.
C plans to cut year-end promotions as part of the organizational overhaul plan to achieve cost efficiency.