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As law firm partner pay has soared, so has their desirability as clients for private bankers
Plus, Signa signals concerns in Europe and professionals take burner phones to Hong Kong
Why Citi has struggled to recover from its 1998 mega-merger
Plus, a clash of corporate titans in Japan
Shiti just got real
Chief executive Jane Fraser’s overhaul of Wall Street bank could result in thousands of job cuts
Can Citigroup pull off its grand restructuring?
Staff left on tenterhooks as they await news of big job cuts across the bank
The Citi sandwich case shows why some rule-benders get a lot more sympathy than others
Szabolcs Fekete had blamed ‘very small’ coffees and denied that meals had been eaten with his partner
Wall Street concedes it will have to pay more to depositors but cannot agree on when
US bank defies expectations with 2% increase in net income
JPMorgan Chase, Citigroup and Wells Fargo collectively earned $49.6bn in net interest income during the third quarter
Analysts predict the net interest income driving Wall St profits took a hit in the third quarter
Deal between the two lenders is a small one but the timing is good
The investment bank’s straight-talking chief executive has a big job on her hands
Plus, the corporate fiasco involving a royal carpet maker and a Nomura banker gets stuck in China
Lender is cutting jobs and hacking back top-heavy management structure
Chief executive sets out new management structure and warns of job losses
Third-largest US lender’s Bridge network likened to a dating app for modest-sized loans
A proposed new structure is already the norm at other Wall Street banks
Institutional Clients Group would disappear in most significant shake-up of past 15 years
Shrinking stock markets and an especially wide valuation gap between bonds and shares made the trend inevitable
Departure of top executive comes amid restructuring by chief executive Jane Fraser
Earnings from BofA, PNC and BNY Mellon point to headwinds for net interest income
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