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Salary and bonus rise a combined 6% despite 40% decline in profits at bank in 2023
Plus, the Body Shop faces a financial cleanse and Japan inks a giant semiconductor deal
Wall Street bank’s efforts to jump-start wealth management business have proved unpopular with some staff
Currency has climbed nearly 3% this year, handing losses to speculators positioned for a decline
Bond will fund recycling projects in Ghana and Indonesia that generate offset credits
Spread between Italian and German debt narrows as traditional core-periphery dividing lines fade
Conditions have changed since the lender applied for an investment banking licence and its Wall Street rivals are struggling
Biggest lenders optimistic about economic outlook despite higher interest rates
Bank reports $1.8bn fourth-quarter loss after taking $4bn in one-off charges
Relationship status: it’s complicated
US lender’s move comes as rivals become more cautious in second-largest economy
‘We disagree with the many investors who say that Citi is unmanageable, unquantifiable, and/or un-investable’
US bank does have a bright spot in its services unit
Plus, Signa signals concerns in Europe and professionals take burner phones to Hong Kong
As law firm partner pay has soared, so has their desirability as clients for private bankers
Why Citi has struggled to recover from its 1998 mega-merger
Plus, a clash of corporate titans in Japan
Shiti just got real
Chief executive Jane Fraser’s overhaul of Wall Street bank could result in thousands of job cuts
Can Citigroup pull off its grand restructuring?
Staff left on tenterhooks as they await news of big job cuts across the bank
The Citi sandwich case shows why some rule-benders get a lot more sympathy than others
Szabolcs Fekete had blamed ‘very small’ coffees and denied that meals had been eaten with his partner
Wall Street concedes it will have to pay more to depositors but cannot agree on when
US bank defies expectations with 2% increase in net income
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