Citigroup’s CEEMEA banks have executed a number of successful transactions in recent years, including several for Polish telecom TPSA. The bank is well positioned in the increasingly important area of Islamic finance. The one area where Citigroup’s CEEMEA banks seek improvement is in the equity markets. Shirish Apte, chief executive for CEEMEA, Citigroup, speaks with Sudip Roy about their plans for the future.

The US bank has made an expensive foray into China’s banking market, with little to show from two-and-a-half years’ work and millions of dollars spent.

More than 50% of Citigroup’s corporate and investment banking revenues come from outside north America, so emerging markets are the cornerstone of its success or failure. It already dominates some areas but can it blow the competition away in every product and in every region? Sudip Roy reports.

Citigroup wants to pioneer a new type of private banking for active wealth creators. Helen Avery speaks to the man who aims to drive the firm forward.

Bank of America announced in June its intention of investing $3 billion for a 9% stake in China Construction Bank, China's second-biggest state lender, as part of a strategic move into the country. In a deal that took the market by surprise, Bank of America stated that it had entered into agreements with CCB to provide strategic assistance in relation to, inter alia, corporate governance, risk management, credit cards, consumer banking and treasury services. Bank of America is presumably salivating over the prospect of CCB's 136 million retail accounts and 14,500 branches.

Never let it be said that running a global financial services organization leaves you bereft of a sense of humour. Talking to investors in Singapore in February, Citigroup CEO Chuck Prince was reiterating his stance on future acquisitions. As Prince has publicly explained, the bulk of the $50 billion pre-tax net income that he wants Citigroup to be making in five years' time will come from organic growth. There will be no repeat of the Citicorp/Travelers merger of 1998, which was truly a transforming event for both sides.

The very richest clients of private banks are natural candidates for the services of investment banks. Hence the big banks' efforts to foster links across their own activities. Welcome to the world of the double-sided business card. Mark Brown reports.

Afer three years of speculation about his departure, Citigroup's CEO Sandy Weil has finally named a successor. But the story doesn't end there.

So Sandy Weill has a successor at last. Or does he? The chairman and CEO of Citigroup has announced that Bob Willumstad is being promoted to president.

John Reed kept himself to himself in the latter part of his career at Citibank. And these days he is pretty reclusive. Colleagues say he is still haunted by the period in 1999 when, in the aftermath of Citi’s takeover by Travelers, he was eclipsed by his co-chairman, Sandy Weill.

What do the the CEO of Standard Chartered, the finance minister of Pakistan, the central bank governor of the Philippines and the opposition leader in Liberia have in common? They all used to work at Citibank.

The endgame being played out in the Polish banking sector is messy and aggressive and cuts to the heart of the attractions and the problems faced by strategic and portfolio investors in this emerging European market. The protagonists include three of the world’s powerhouse banks: Citibank, Deutsche Bank and Commerzbank. Minority shareholder rights have been ignored in the scramble for market position. Ian Dawson reports on the fight for the last seats at the top table

The fans love them both. Weill, the deal maker, is adored by Travelers' employees who hold big stakes in the company. Meanwhile Reed has kept his iron grip on Citibank by juggling his managers and mastering detail. The culture of the two companies is as different as the style of their CEOs. But the combination could be spectacular - if they can make it work. Peter Lee takes in the show.

Last month's announced merger of bulge-bracket firm Salomon Brothers with brokerage Smith Barney creates something bigger than Morgan Stanley Dean Witter. But the chairman of its parent, Travelers Group, may have overreached himself as he triggers another culture clash on Wall Street. By Michelle Celarier.

This year, Euromoney's Awards for Excellence are broader in scope than ever before. A number of new categories have been introduced to reflect changes in the structure of international markets.

Chairman John Reed's successor could be any one of half a dozen managers running the new streamlined Citicorp - Reed is giving nothing away about his favoured choice. But this group is fast changing the culture of the "largest small bank in the world" as it retools its approach to branded products and global coverage. Peter Lee reports.

Citicorp suffered the latest in a series of disasters when president Richard Braddock left in unusual circumstances on the eve of a crucial capital­raising exercise. Its tendency to stumble into trouble has obscured chairman John Reed's success in reviving a bank that teetered on the brink of extinction. But ahead lies the big task of changing Citi's anarchic, competitive culture, with its hunger for revenue rather than profit.

Many have fled the austerity drive of Citicorp's head of investment banking, but he seems unfazed by criticisms that he may have swept out more than mere clutter.