Nacho Gutierrez-Orrantia, one of Citi‘s most senior bankers in Europe, will become banking and cluster head for Europe as part of its planned restructuring, the banker told Reuters on Monday. The latest step in the bank’s reorganisation was announced on Monday, with Citi’s CEO, Jane Fraser, saying that “the actions we’re taking to reorganize the … Read more
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year, the lenders reported Friday. The largest bank in the nation, JPMorgan Chase & Co., led the way with $14.5 billion in profit, helped by growth virtually across the … Read more
Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled in global financial markets. “The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. “This is not a credit crisis. This … Read more