HSBC to revamp investment bank to look more like Citi Banking HSBC is reportedly reshaping segments of its investment banking arm, following in the footsteps of rivals like Citigroup.
Wall Street banks JPMorgan and Goldman Sachs set for earnings boost on dealmaking rebound Banking Wall Street lenders are set to post higher investment banking fees for the second quarter of 2024, as early signs of a rebound in dealmaking partly offset weaker growth in lending income.
Citi was drug trafficking duo’s favourite bank, DEA officials say Banking Senior US law enforcement officials have argued a pair of drug traffickers opted to launder money through Citigroup as they considered the bank's fraud controls "more favourable".
Jefferies and Investec poach top investment bankers from Citi May 22, 2024 Wall Street giant Jefferies and South African group Investec have poached two top investment bankers from rival Citigroup to bolster their UK operations.
Millions or billions? Citi fined £62m after trader gets mixed up May 22, 2024 The UK's banking and financial regulators have slapped Wall Street titan Citigroup with a £61.6m fine for trading systems and controls failures.
Citigroup raises Scottish chief Jane Fraser’s pay to £20.6m while slashing 20,000 jobs February 21, 2024 Citigroup has handed its Scottish chief executive Jane Fraser a six per cent pay rise to $26m for 2023, citing her bold plan to overhaul the Wall Street bank.