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Citigroup says flexible work gives it edge over rivals
The bank's employees will have the option of working from home at least part time, an executive said, setting it apart from others who are taking a more hard-line approach, like JPMorgan and Goldman Sachs.
Customers to banks: We don’t want your advice, but we’ll take it
J.D. Power finds personalized financial advice drives gains in customer satisfaction for retail banks.
Citigroup joins rivals and helps wealthy clients access crypto
The bank is forming a new digital assets group inside its burgeoning wealth management unit, and will help clients invest in cryptocurrencies, stable coins and non-fungible tokens.
Mutual fund-to-ETF bonanza may be getting started
An executive at Citi, which acted as transfer agent for the conversion of four Dimensional Fund Advisors mutual funds into ETFs this week, expects many more such switches.
Citi goes on hiring spree for financial advisers
CEO Jane Fraser cites the bank's push to expand its wealth management offerings around the globe, but says Citi will structure compensation so the bank's shareholders will have more power than the wealth managers.
Bank CEOs scolded by senators
Banking Committee Chairman Sherrod Brown challenged the executives 'to be as good to the American people as the nation has been to you.'
Wall Street’s ESG club sees huge tax perks
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
Citi expects $1 trillion boom in ESG ETFs
The bank's analysts credit the global pandemic with stirring investor demand for companies doing good, and also cite the frenzy for tech-focused thematic funds, many of which fall within the environmental, social and governance category.
Banks hone in on wealthy clients
Citigroup plans to 'double down on wealth,' while Merrill's account balances surged 31%.
Wall Street skimps on compensation despite pandemic windfall
Investment banks saw a rise in revenue per employee last year, but that doesn't seem to have translated into big rewards for workers.
Citi merges wealth businesses
The bank is combining its consumer wealth management and private banking units into a single entity, encompassing operations handling money for clients with $200,000 to tens of millions, or much more. The new business will be led by Jim O'Donnell.
Citi hires Merrill exec to head wealth management
David Poole has led Merrill Edge and Merrill Guided Investing
Citi names Jane Fraser CEO
She will succeed Michael Corbat and become the first woman to run a major global bank
Biggest family offices get direct access to bank trading desks
Those with assets of $1 billion or more increasingly bypass private bankers to deal directly with trading desks, Citi exec says
Citi partners with Invesco’s Jemstep to launch robo-adviser
Citi Wealth Builder will be free for clients with at least $50,000 at the bank
Wall Street targets Silicon Valley rich
Citi, Bank of America and Morgan Stanley are among the firms beefing up their wealth management efforts in Northern California
Finra slaps Cambridge with $150,000 fine over UIT sales
Also censures firm, again, for not paying discounts to eligible customers
Citi tells rich clients to stop being so nervous about stocks
A new report from the private bank rejects the idea that a recession is imminent.
Google partners with Citigroup to offer consumer checking accounts
The move is the latest by Silicon Valley tech companies muscling in on financial firms' territory.
Citigroup Global Markets fined $1.25 million for screening failures
Finra says three individuals with criminal convictions worked for the firm due to inadequate background checks.
