Santander Revamps Structure in Push to Reach Profit Targets

[ad_1] Banco Santander SA overhauled its corporate structure as Chief Executive Officer Hector Grisi seeks to simplify the company’s operations. As part of the changes, the Spanish bank is combining…

Hong Kong Mortgage Rule Easing Seen Doing Little to Lift Market

[ad_1] Hong Kong’s relaxation of mortgage rules for first-time buyers of homes under construction is unlikely to lift a property market that’s been burdened by high borrowing costs, according to…

Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul

[ad_1] A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016. Michael…

Wall Street’s Tepid Bonuses for Traders Lumber Into Another Year

[ad_1] Wall Street’s dramatic year of dealmaking drought, collapsing banks and job cuts is ending with a mere whimper for traders’ bonuses. At JPMorgan Chase & Co., the overall bonus…

Switzerland Is Well-Placed to Weather the Bank Turmoil, Economists Say

[ad_1] Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. UBS Group AG’s hastily brokered takeover of Credit Suisse Group AG and…

Citi, CIMB Used by Accused in Singapore’s Laundering Scandal

[ad_1] Citi, CIMB Used by Accused in Singapore’s Laundering Scandal  Bloomberg [ad_2] Source link

BNP Paribas Plans to Move Most Hong Kong Staff Out of Central

[ad_1] BNP Paribas SA plans to move the majority of its Hong Kong staff out of offices in the city’s central business district as the lender looks to cut costs…

Citigroup employees, on edge over layoffs, told they can work remotely until the new year

[ad_1] Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC.  Win Mcnamee | Getty…

Citi Shuts Muni Business That Once Was Envy of Rivals

[ad_1] Citigroup Inc. will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of…

Broadcom stock spikes, on pace for best day in a year

[ad_1] Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped about 9% Monday after Citigroup resumed its coverage of the stock with a…