Most brokerages retain expectations of 25-bps rate cut from US Fed in December
Major brokerages including J.P.Morgan, Barclays and Goldman Sachs have forecast a 25-basis-point interest-rate cut by the U.S ...
Citi CEO Says Banks to Benefit From Expected Trump Regulations
Wall Street would be helped by a less-stringent version of crucial banking regulation that’s expected once US President-elect ...
China’s latest fiscal stimulus disappoints as trade threat rises
Measures announced on Friday to shore up financial stability are incrementally positive but will not push growth higher ...
The list of major companies requiring employees to return to the office, from The Washington Post to Amazon
Companies requiring workers to return to the office include Starbucks, Amazon, and BlackRock. View a list of RTO mandates ...
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Citigroup Downgrades KeyCorp - Preferred Security (KEY.PRL)
Fintel reports that on November 7, 2024, Citigroup downgraded their outlook for KeyCorp - Preferred Security (NYSE:KEY.PRL) ...
Citi overhauls pay for wealth bankers, FT reports
Citi (C) is overhauling pay for its private bankers to try to increase sales of investment products and revamp how the group’s struggling ...
Citi CEO says election outcome ‘unquestionably helps M&A prospects
CEO Jane Fraser made the comments on M&A while being interviewed on CNBC. Published first on TheFly – the ultimate source ...
Citi needs a white knight. Donald Trump's 2nd term might provide one.
Trump's promise of light regulation could solve one of Citi's biggest problems.
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Prudential names Morgan Stanley’s Jacques Chappuis as president, CEO of PGIM
Chappuis will step into the role on May 1, 2025. David Hunt, current president and CEO of PGIM, will retire and stay on as ...
HSBC job losses to begin in weeks amid lender’s sweeping overhaul, high-level boss says
The head of HSBC Holdings’ new global wholesale banking unit said the lender aims to wrap up its restructuring ‘very quickly’ ...
Banks Eye Trump Regulatory Reprieve, Starting With Capital Rules
“Nobody elected you,” Vance told the group, which included JPMorgan CEO Jamie Dimon, Goldman Sachs Group Inc. CEO David Solomon and Citigroup Inc. CEO Jane Fraser. “Stay out of public policy unless it ...
HSBC says first round of job cuts could be announced in weeks
The head of HSBC Holdings’ new global wholesale banking division said the lender will seek to wrap up an ongoing ...