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Aug 28, 2024 · Going after smaller corporate borrowers is a departure for Citi. Except for a brief push to be everything to everyone in the early 2000s, it has long prided itself on serving only the...
Apr 22, 2024 · Citi Sees Dealmaking Stymied With Rates Still Stubbornly High. Middle-market clients are now pursuing smaller deals instead; Citi’s commercial bank is key to CEO’s effort to boost returns
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Sep 7, 2023 · But in the past two years it has been operating a lending platform that connects small banks to small businesses whose borrowing needs fall below Citi’s typical size threshold.
Aug 28, 2024 · Going after smaller corporate borrowers is a departure for Citi. Except for a brief push to be everything to everyone in the early 2000s, it has long prided itself on serving only the biggest companies. Bank of America, JPMorgan Chase and Wells Fargo all have much bigger small-business lending groups.
Oct 25, 2024 · At a panel Thursday, some panelists estimated more than $500 billion worth of muni-bond sales in 2025. The surge in supply indicates Citigroup may have pulled out of the market at the wrong time, said Cameron Parks, managing director at Truist Financial Corp. and a former Citi banker.
Aug 12, 2021 · Citigroup on Wednesday launched a new service called Bridge built by Citi to connect small and midsize businesses with a host of banks, primarily made up of minority depository institutions. The platform will link banking institutions across the country with businesses based in Alabama, Colorado, Georgia, Louisiana, North Carolina, South ...
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Jan 12, 2024 · Citigroup Inc. said it will eliminate 20,000 roles in a move that will save it as much as $2.5 billion as part of Chief Executive Officer Jane Fraser’s quest to boost the Wall Street giant’s ...