Citigroup to Accelerate Asia Wealth Expansion With Major Hiring Push
C is set to concentrate much of its wealth hiring in Asia, adding nearly 100 private bankers and 400 specialists to strengthen profitability.
C is set to concentrate much of its wealth hiring in Asia, adding nearly 100 private bankers and 400 specialists to strengthen profitability.
JPM and other major U.S. banks cleared Fed and FDIC review of 2025 living wills, easing regulatory concerns and boosting confidence.
Jim McCormick from Citi discusses the risks for investors, including a rise in bond yields the current level of commodity prices remaining "artificial". He cites the markets that he thinks offer the best opportunities with this backdrop.
Legacy European airlines are trimming their summer schedules more aggressively as elevated fuel prices broaden the scope of network cuts, though Citi said the adjustments remain small enough to support near-term pricing power. The broker said early summer 2026 growth on legacy carrier networks remains minimal, ranging from a 0.1% decline to a 0.7% increase in the second quarter, accelerating to growth of between 1.6% and 4.7% in the third quarter.
Citigroup plans to allocate a significant share of its global wealth management hiring to Asia, where the bank's private banking business is expanding faster and delivering stronger productivity than other regions, according to Andy Sieg, Citi's head of global wealth. The hiring strategy forms part of the bank's broader effort to strengthen returns from its wealth management division under Chief Executive Jane Fraser's restructuring strategy.
Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating higher productivity than in other regions, the bank's global wealth head Andy Sieg said.
Citigroup receives a buy rating, driven by the top and bottom line trends, as well as macro tailwinds. C has beaten earnings estimates in 3 of the last 4 quarters and outperformed my prior hold rating, rising +70% since December 2024. Key drivers include diversified business segments, improving consumer confidence, positive M&A outlook, and steady net new investment assets in wealth management.
Citigroup teams up with BlackRock's HPS, expanding direct lending across EMEA as private credit demand accelerates.
C reports lower April card delinquencies and charge-offs year over year, while principal receivables increase modestly from March.
Citigroup has appointed former British politician Chuka Umunna as managing director in its UK investment banking division, according to an internal memo confirmed by a Citi spokesperson on Tuesday.
CFRA cut its rating on Bank of America (NYSE:BAC | BAC Price Prediction) stock to Hold on Tuesday, May 19, joining a parallel downgrade of Citigroup (NYSE:C) to Hold on the same day.
Rothschild & Co appointed on Tuesday Lucy Baldwin as global head of equities, leading sales and trading, research and corporate access.
Pre-Market Stock Futures: Futures are trading lower on Tuesday as the sell-off in technology stocks carried through to Monday and is headed down that road today. All of the major indices, except the Dow Jones Industrial Average, which closed 0.32% higher at 49,668, finished the day lower. The small-cap Russell 2000 was the big loser... Here Are Tuesday's Top Wall Street Analyst Research Calls: American Tower, Citigroup, CrowdStrike, Fortinet, Hanover Insurance, Jazz Pharmaceuticals, Stubhub, X-Energy, and More
Citi reiterates a Buy rating on the flash memory supplier and boosts its price target to $2,025 from $1,300.
Card issuers and payment networks are now experimenting with new payment initiatives involving stablecoins. Top banks and financial institutions are looking for ways to leverage stablecoins for efficiencies and cost savings.
BEDFORD, Mass.--(BUSINESS WIRE)--Stoke Therapeutics, Inc. (Nasdaq: STOK) is a biotechnology company dedicated to restoring protein expression by harnessing the body's potential with RNA medicine and has a lead investigational medicine, zorevunersen, in development as a first-in-class potential disease-modifying treatment for Dravet syndrome. The Company today announced that, effective on May 15, 2026, it granted stock options to purchase an aggregate of 106,200 shares of common stock to eight n.
SOUTH SAN FRANCISCO, Calif., May 18, 2026 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that on May 15, 2026 it granted stock options to purchase an aggregate of 20,807 shares of common stock and 13,793 restricted stock units (RSUs) that will be settled in shares of common stock upon vesting to 8 employees, whose employment commenced in April and May 2026 as a material inducement to their employment.
C nears final approval for a wholly-owned China securities firm after CSRC removes its application from the pending list.
U.S. banking giant Citigroup and BlackRock's HPS Investment Partners have partnered on a 15 billion euro ($17.48 billion) private credit program to expand direct lending across the EMEA region, the companies said on Monday.
LONDON--(BUSINESS WIRE)--Citigroup Inc. (NYSE: C) and HPS Investment Partners, a part of BlackRock, today announced a €15 billion Private Capital Program (the “Program”), a strategic collaboration to expand comprehensive capital solutions and access to private financing for corporate and sponsor-owned borrowers in the region. The Program intends to finance €15 billion of debt opportunities in EMEA over an initial five-year term. Under the terms of the initiative, Citi will leverage its extensiv.