As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May CEE focus.
Citigroup president Jamie Forese and his Morgan Stanley counterpart, Colm Kelleher, are bowing out after contrasting quarters for their investment banks.
Authorities are being more proactive in uncovering trouble.
As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our April capital markets focus.
What they said about CIB in 2018
The biggest dozen global investment banks have now reported their results: here's what their execs said about each of your businesses.
Investment banking: Foreign firms make their moves in China
February 2019The pieces are starting to shift on the board of Chinese investment banking. There have been signs of progress, frustration and new strategy since last April’s announcement that foreigners would be allowed to take majority stakes in securities joint ventures on the mainland.
US bank taps European market for €1 billion deal.
The Euromoney 25: Class of 2018
Which bank chief executives are raising a glass to a successful 12 months? How are the newcomers to the party settling in? Who’s hiding in the corner, drowning their sorrows? And will 2019 be a year of feast or famine? Euromoney reveals all in its progress reports for the Class of 2018.
Citi: Hopes that ICG can keep doing better
Like most of its big US peers, Citi had a strong run in 2018
Asiamoney Brokers Poll 2018: 10 strategists to guide you through Asia's volatile markets
Singapore: Patrick Yau, Citi
Citi’s network banking model can sometimes sound rather old-fashioned; Jan Metzger, Citi’s CIB head in Asia Pacific, is a tech geek who can talk for hours about whatever is new – you know what they say about opposites…
Impact banking: Bank of America – not too big to care
What are the other big US banks doing?
3Q18 results: US bank chiefs focus on structure and costs
A strong third quarter from Morgan Stanley was the highlight of a mixed bag of numbers, while Goldman Sachs’ incoming CFO offered more glimpses of the future.
Morgan Stanley looks best in the third quarter, but was just pipped by Goldman over a longer term analysis.
The cash management conundrum
There are only two truly global, fully fledged cash management banks today – HSBC and Citi – but the digital arms race in transaction services gives far more banks the opportunity to be world class.
Impact banking champion: Bob Annibale, Citi
Global director of Citi Community Development and Inclusive Finance.
Impact banking: Can this generation of leaders change banking for good?
From the United Nations and the European Commission to customers and shareholders, the world’s banks face increasing pressure not only to consider their broader role in society but also to take actions that have a positive impact on it. There is no doubt that most chief executives take this challenge seriously. Whether they take it far enough remains to seen.
Forese aims high with CIB rejig at Citi
Citi is mostly playing catch-up with its new corporate and investment banking (CIB) structure: it makes obvious sense, but despite coming later than many rivals it is still a work in progress.
Singapore: best international bank
Thailand: best international bank
Vietnam: best digital bank
AI helps treasurers keep pace with changing demands of role
Regulatory change, cost pressures, advances in technology and more-demanding customers: treasurers have a lot on their minds, but artificial intelligence (AI) is here to help. Citibank’s engagement with AI has also attempted to improve the insights it can deliver to clients.
Investment banks in 2Q18
Awards for ExcellenceAwards for Excellence 2018: Who you gonna call? How Citi became clients’ go-to global investment bank
The old charges against Citi’s wholesale banking division no longer apply. Its scale and breadth are a big positive that no other bank can match. Its diversity and balance are clear strengths that its competitors increasingly envy. As a firm, it’s more joined up than anyone thought possible. And its clients value what Citi can deliver more than ever before.
World's best investment bank 2018: Citi
The firm is a genuine contender in investment banking in every region of the world.
World's best bank for financing 2018: Citi
Global growth provided the backdrop for a strong year for Citi’s financing businesses, while the return of volatility has showcased the value of its great reach.
World's best bank for corporate responsibility 2018: Citi
The firm has consistently demonstrated its commitment to work alongside communities and support their growth.
Asia's best bank 2018
Middle East's best investment bank 2018: Citi
Middle East investment banking volumes saw a tentative rebound in 2017, after a drop in 2016, suggesting that regional reform is already producing opportunities for deal makers, after the demise of the international sovereign buy-outs of the oil-boom era. The region’s best investment bank, Citi, is more aware of these opportunities than most and is positioning itself accordingly.
Country Awards for Excellence 2018: Middle East – Kuwait
Good, sustainable returns for shareholders are finally in sight, 10 years after the global financial crisis.
A tale of two US ECM houses
Equity capital markets moves at Citi and BAML say more about the two firms than they do about ECM.
Sustainable finance: What a difference a decade makes
Ten years on from a financial crisis often portrayed as caused by the greed of bankers, we are talking recycled carpets and alleviating poverty. It is a genuinely good thing.
Citi’s simplicity pays off in Latin America
It is one thing to simplify a business plan but quite another to execute it. Nevertheless, Citi appears to be on the verge of making its new simple approach, well, simple.
CSR: Time's up for finance's gender pay gap
Gender pay gap disclosure has arrived in the banking industry, but a movement that aims to bring gender equality across the whole financial sector is just beginning. Euromoney speaks to some of the pioneers.
Not the last thing: Where have all the bank leaders gone?
The cat is out of the bag: the public is aware that if you want to stop something, you have to stop the financing. Right now in the US, that something is guns. And Citi is being bold.
Asiamoney best bank awards 2018: India
Best international bank: Citi
US banks face more taxing issues than meets the eye
While tax reform charges make a bad year worse for US banks, the timing of the law sets the scene for better results in 2018. But the fundamentals may not change: trading is bad, financing is good.
US bank CEOs hail boost to economy from tax cuts
US tax changes prompt cash management overhaul
Changes to the US corporate tax code are aimed at driving more onshore investment. For treasurers, this will mean reassessing their current global cash management structures.
Can Citi make the most of its Asian network?
Citi’s Aristeguieta makes his mark in Asia
Stock buybacks are a landmark moment in Citi's resurgence.
Trade Finance Survey 2018: Domestic best service
Country rankings: Argentina
David Miliband: How we can keep the globalization bargain
China: Citi staffs up for Belt and Road
New recruits show bank sees tangible business from Belt and Road; some will be new hires, others existing staff being moved.
New Silk Road Finance Awards 2017 CEE: Best international bank for BRI
Technology investments drive up banks’ costs
For all their boastful talk of becoming technology companies, Citi points out that many banks still depend on legacy IT platforms that are now as much as 40 years old.
Choosing Greenpeace over clients: the new banking reality
Awards for Excellence 2017
Citi is perhaps the only global markets business remaining that shows that scale and breadth – both geographically and by product – can deliver good returns.
Western Europe's best bank for markets 2017: Citi
Asia's best bank for transaction services 2017: Citi
CEE's best bank for financing 2017: Citi
Latin America’s best bank for markets 2017: Citi
Middle East's best bank for CSR 2017: Citi
For country results, see full results
Citi's new mobile app is a first crucial step to re-invention. Head of consumer banking, Stephen Bird, tells Euromoney the bank may have only a couple of years to convince customers it is the high-quality, always-connected partner with the services they want.
Citi’s $1 billion push ‘won’t alter’ Mexican dynamics
Banking: CEOs call for regulatory harmony, time to digest change
Brexit threatens eurozone, but region still crucial to global banks.
Citi rebrands in Mexico as HSBC signals it will stay
Citi seeks to commit to Mexico after Latin America withdrawal; HSBC injects capital but commitment questioned.
Dimon, Corbat and Gorman talk Brexit
The topic of Brexit was never going to be far from the minds of delegates at the annual meetings of the International Monetary Fund and the Institute of International Finance, both being held this week in Washington, DC. And on Friday afternoon, delegates got a chance to hear the views of three vocal US bank chief executives — Jamie Dimon of JP Morgan, Mike Corbat of Citi and James Gorman of Morgan Stanley.
Emerging Europe: Citi stands firm in CEE as rivals pull back
Collapsing investment banking volumes have prompted global players to pull back from emerging Europe over the past two years. But Citi’s Jim Cowles, CEO for EMEA, has alternative sources of revenue to fall back on.
Asia: Citi grabs a ride in taxi tie-up
Citi is joining up with the Singapore-based ride-hailing service Grab in a partnership that will allow people to burn credit card loyalty points in exchange for taxis – a world first.
Check your hedges, Citi warns corporates, amid Brexit FX volatility
The UK's decision to leave the EU has left corporates scrambling to review many aspects of their business to ensure they are able to withstand heightened volatility. Injecting a greater level of optionality into their hedging strategies is one way to protect themselves from increased uncertainty, says Citi.
Awards for Excellence 2016
World's best bank for financial institutions
World's best investment bank in the emerging markets
World's best bank for transaction services
Africa's best bank for financing
Asia's best bank for markets
Asia's best bank for transaction services
CEE's best investment bank
Central America and Caribbean's best investment bank
Latin America's best investment bank
Latin America's best bank for markets
Latin America's best bank for transaction services
Wealth management: Mansour's new style of family office
Global institutions like Citi are adept at managing the fortunes of the wise and wealthy, but Mohamed Mansour decided to build his own business to manage his family’s wealth and staff it with seasoned investment bankers. Six years on...
Citi sees the funny side
All change in the 2016 Euromoney FX rankings
Citi retains top ranking while Deutsche plummets.
FX: Fired currency traders fight back
Orient IPO brings Citi partner to Hong Kong market
Citi plots next stage of development in Asia
April 2016 Citi’s Asia-Pacific business is the ultimate test of its universal banking model. New regional CEO Francisco Aristeguieta knows he needs to build on its strong component parts, not just to maintain its position in Asia, but to push the bank forward globally.
Citi capitalizes on market retrenchment for Shell win
Best global bank 2015: Citi – Last man standing
Bird’s promotion recognises strengths of Citi Asia
Move raises profile of Asia Pacific; Bird heralds ‘Asia’s century’.
Citi's top TS banker eyes SME support
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.
Trade finance: Citi grows global commodities as rivals exit
Buys trading portfolios from Credit Suisse, Deutsche; integration of commodities and banking paying off.
Private banking CIO outlook: Citi Private Bank
Steven Wieting, global chief investment strategist for Citi Private Bank, shares his firm's views on the surprises of 2014 and the market ahead.
Cutting the fat in FICC
Citi to launch new private-bank client technology
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.
Corbat reconsiders Citi’s global resources
Citi: Taking share in flat markets
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.
Vikram Pandit and John Havens: Restructurning – The light comes on at Citi