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Citigroup has elevated CEO Jane Fraser to the role of chair and awarded her a $25 million bonus, signaling strong board confidence in her ongoing strategic overhaul of the Wall Street bank.
Citigroup Inc. reported a 9% rise in third-quarter revenue, surpassing analyst estimates across all five of its main business divisions, including a record performance in trading.
A Citigroup executive reports a growing trend of mainland Chinese financial firms and international companies choosing Hong Kong for their regional headquarters.
Grupo Mexico has stated it will not enter a bidding war for Banamex, Citigroup's retail unit, asserting its $9.3 billion offer is already a premium.
Citigroup has raised its year-end price forecast for Ether to $4,500 and trimmed its Bitcoin target to $133,000, citing a shift in investor preference.
Citigroup analysts predict the rally in gold and silver will continue, forecasting that copper and aluminum will join the trend by 2026 amid changing economic conditions.
