Citi
In a January memo to employees, Citigroup CEO Jane Fraser urged bankers to move faster and aim higher as she pushed the firm beyond its yearslong revamp. Loading audio narration… Now, the costly reality of hiring the dealmakers to realize that vision is showing up in the numbers.Citi said operating…
Citi is eyeing the AI dealmaking frenzy as its moment to close the gap with Wall Street rivals. Loading audio narration… In late February, the bank established an AI Infrastructure group, noting in an internal memo that the build-out could require an estimated $3 trillion in capital by 2030 —…
H-1B visa filings fell at major financial firms like Goldman Sachs and JPMorgan last year, while other major firms, like Citi, increased their petitions compared to the same time the previous year. Loading audio narration… This is the first data available showing how the financial industry reacted to President Donald…
Some of the biggest US banks are on high alert as the crisis in the Middle East worsens, causing lenders to issue updated security guidance to employees and even order them to leave their locations altogether.Iranian military leaders warned on Wednesday that they would attack banks and financial institutions in…
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