Citi

Move raises profile of Asia Pacific; Bird heralds ‘Asia’s century’.

Naveed Sultan, global head of treasury and trade solutions (TTS) at Citi, explains the importance of developing SME and MME financing options, as the clout of transaction services to Citi's business strategy grows.

UBS pushed into second place; majority of private banks globally expect improved revenues in 2015.

Best private banking services overall

Buys trading portfolios from Credit Suisse, Deutsche; integration of commodities and banking paying off.

JPMorgan’s $100 million settlement of a currency manipulation lawsuit has sparked a flood of interest from potential new claimants, and marks a new victory in their fight for compensation, according to a leading lawyer involved in negotiations.

Steven Wieting, global chief investment strategist for Citi Private Bank, shares his firm's views on the surprises of 2014 and the market ahead.

Revenues on the rise; More lending and discretionary mandates.

What does it take to succeed in the increasingly competitive world of transaction services? Internal collaboration, global footprint, adaptability, connectivity and mobile technology all make up part of the equation. But every bank, and every client, is different

View full results index

View full results index

14% rise in responses pushes total to all-time high of 28,000.

Farhan Faruqui leaves Citigroup to join ANZ as head of international business.

Nadir Mahmud smiles at the irony of it. He’s been global head of Citi’s foreign exchange business for only a matter of weeks, and he’s already achieved something that has been a clear ambition of the bank for more than a decade: to reclaim its position as the leading global foreign exchange house.

Nationality: Nigerian

For the first quarter, Citigroup reported an 18% decline in fixed-income revenues compared with 2013 and chief financial officer John Gerspach described the overall FICC business as a “shrinking pie”.

Vikram Pandit, the former Citigroup CEO, who was ousted in 2012, is casting his net wide as he looks for ways to stay busy.

Citi Private Bank is set to launch its new client/banker technology platform at the end of February, with the hope it will be the industry standard for digitalization.

Wieting took on the role in May 2013 and was formerly a director and US economist in Citi Research. He joined Smith Barney in 1996 and became lead economist for Citigroup’s US institutional equities business in 2000.

The US bank earnings season kicked off this week with Bank of America Merrill Lynch and JPMorgan’s treasury services businesses delivering solid revenues to their corporate and investment banking divisions.

Michael Corbat looked like a safe pair of hands when he took over from Vikram Pandit as Citi’s chief executive. Known as a details man, a leader and strong manager, he will execute the strategy Pandit first laid out. But overseeing the rundown of Citi Holdings has given him a taste for better deploying scarce resources. And every business in Citi’s renowned 100-country network, the bank’s defining differentiator, will have to justify itself to his scrutiny.

As Euromoney sits down with Michael Corbat and Jamie Forese, US treasury bond markets are in the grip of a summer sell-off spreading uncertainty and fear across Wall Street.

Since 2009, after John Havens had to slash headcount and reduce the investment banking business to serve far fewer customers, Citi has been fighting its way back to prominence.

Do more with Euromoney

As European leaders grant the ECB expansive powers, the Cyprus bailout, the negative sovereign-bank feedback loop and the continued provision of liquidity support underscore reputational risks for the central bank, warns Willem Buiter, Citi's chief economist.

For all the fragmentation in the FX market, the top four banks further consolidated their dominance of customer business, according to the 2013 Euromoney foreign exchange survey. As volumes rise again in FX, volatility returns and banks’ earnings from it recover, margins are still compressing. Customers are focused on cutting transaction costs. Banks face big demands on scarce IT resources.

Christopher Laskowski is a busy man. He was recently appointed head of corporate and investment banking for Citi in Hong Kong. In this role he will cover Hong Kong-based clients and the Hong Kong investment banking team will report to him. He will also continue to head the Asia-Pacific private equity advisory practice known as the Alternative Assets Group and be the chief operating officer of the corporate and investment bank for the region.

Citi intends to streamline the management structure within its institutional clients group (ICG), claims a person close to the matter.

Fed thumbs up for Citi as JPMorgan stumbles; Citi’s Dickson says capital markets see increased demand.

Citi is banking that its global footprint and strong corporate relationships will ensure transaction services remain a growing source of revenue in an otherwise challenging period for its other businesses. Technological innovation will help the bank adapt to shifting market and client demands, the bank’s top transaction banker tells Euromoney