The executive suite at Citigroup Inc.’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012.
The top 10 dealmakers at publicly traded private-equity firms took home at least $1.7 billion in dividends in 2013 as they seized on rallying stock markets to sell stakes in everything from a Chinese insurer to a U.S. theme-park operator to a French floormaker.
Citigroup Inc., the U.S. lender scaling back in some emerging markets, plans to invest in Africa as it sees a pickup in mergers and acquisitions as well as debt and equity capital market deals on the continent.
Citigroup Inc., the third-largest U.S. lender, will require junior bankers to take Saturdays off and use all of their vacation time each year as the firm joins an industry effort to improve working conditions.
Citigroup Inc., whose international consumer bank is the largest of any U.S. lender, is preparing to trim branches in South Korea outside big urban areas this year to concentrate on more affluent customers, its chief financial officer said.
Morgan Stanley Chief Executive Officer James Gorman emerged as this week’s winner among the six biggest U.S. banks after shares of his firm surged on fourth- quarter results that beat analysts’ estimates.