Tag Archives: Citi

Shifter: Storbanken Citi gjør seg lekker for de norske, små: «Bare et spørsmål om tid før vi investerer»

Verdens største tilbyder av finansielle tjenester, Citigroup, har over tre tiår med erfaring fra Norden og Norge. Hittil har de imidlertid hovedsakelig vært en aktør for de store konsernene.

Nå er det i ferd med å endre seg, ifølge Pål Rokke. Han leder stobankens norske avdeling. Selskapet har etablert en egen divisjon for små- og mellomstore bedrifter, som de nå skal styrke.

– Omstillingen av den norske økonomien skjer nå. Mer fornybart, mer ny teknologi. Vi vil i større grad knytte oss til det, med kunnskap, med kapital, og med vårt globale fotavtrykk, sier Rokke.

Les hele saken her

Bloomberg: Citi Names Fraser as First Female CEO of Wall Street Bank

Citigroup Inc. picked Jane Fraser as its next chief executive officer, placing the first woman atop a major Wall Street bank.

Fraser will succeed Mike Corbat, who is retiring in February after more than eight years in the top job. Fraser, who was named the company’s president last year in a move that marked her as the heir apparent, has run the bank’s consumer unit, private bank and Latin American operations in her 16-year tenure.

Corbat helped Citigroup shrink and return to consistent profitability after the behemoth almost collapsed in the 2008 financial crisis. Now, Fraser will be tasked with improving returns that trail industry leader JPMorgan Chase & Co. and using the bank’s global network in a world that’s seeing more nationalism and trade barriers.

Read entire article here

Bloomberg: Citi Doesn’t See Oil Revival From Virus Until 4Q

Citigroup Inc. slashed its price forecasts for commodities from oil to copper and iron ore as it said the impact of the coronavirus looks much worse than it initially thought.

Oil came in for the most severe downgrades, with the bank cutting estimates for the first three quarters. Citi also reduced its first-quarter copper projection, noting the outbreak had “drastically shifted” the Chinese and global economic outlook, analysts including Ed Morse, wrote in a note.

Read entire article HERE.