Core Viewpoint - Citigroup Inc.'s India unit is enhancing its commercial banking operations by appointing Ankur Khurana as the head, aiming to capitalize on the growth of mid-sized companies in India [1][2]. Group 1: Appointment and Background - Ankur Khurana has over two decades of banking experience and previously worked at Standard Chartered Plc as co-head of coverage for India and South Asia [2]. - The position of head of commercial banking became available after the departure of veteran banker Bhanu Vohra in July [2]. Group 2: Market Context - Dealmaking activity in India is increasing, particularly in equity capital markets and mergers and acquisitions, indicating a robust market environment [3]. - The mid-market segment presents numerous opportunities as Indian companies expand operations and pursue acquisitions internationally [3].

Core Viewpoint - Citigroup has appointed Ankur Khurana as the head of commercial banking in India, aiming to enhance its focus on the rapidly growing mid-market corporate segment in the country [2]. Group 1: Appointment Details - Ankur Khurana joins Citigroup after working at Standard Chartered Plc, where she was co-head of coverage for India and South Asia [1][2]. - The position became available following the departure of Bhanu Vohra, a long-serving banker at Citi, who left in July to join BDO's Indian arm [2]. Group 2: Experience and Background - Khurana brings over 20 years of experience in corporate and commercial banking [2]. - She had been in discussions with multiple financial institutions after her exit from Standard Chartered [1].

Citigroup’s India unit has hired Ankur Khurana as head of commercial banking as the Wall Street Bank seeks to beef up its business with the country’s rapidly expanding mid-sized companies, sources say https://t.co/3XjdSYZt1z ...

Core Insights - The U.S. banking sector is dominated by major players, notably Citigroup Inc. and Wells Fargo & Company, both facing challenges and opportunities shaped by economic conditions and internal strategies [1][2] Citigroup's Strategy and Financial Outlook - Citigroup is undergoing a multi-year restructuring, focusing on leaner operations and exiting lower-return international consumer businesses, including a significant exit from 14 markets [3][4] - The company is preparing for an IPO of its Mexican consumer banking units, which is expected to free up capital for investments in wealth management and investment banking [4][28] - Citigroup's net interest income (NII) rose by 11% year-over-year in 2025, with projections for a 5-6% increase in 2026 [8][10] - The company anticipates significant EPS growth of 27.7% in 2026, supported by cost cuts and improved operating leverage [22][29] Wells Fargo's Strategy and Financial Outlook - Wells Fargo is focusing on consumer banking and commercial lending by exiting non-core, lower-return businesses, targeting $10 billion in annual cost cuts [5][6] - The Federal Reserve lifted the asset cap on Wells Fargo, allowing for balance-sheet expansion and a raised medium-term return on tangible common equity (ROTCE) target to 17-18% from 15% [6][10] - Wells Fargo's NII is expected to grow to $50 billion in 2026, up from $47.8 billion in 2025, despite some offset from expected rate cuts [10][30] - The bank's EPS growth estimate for 2026 is 9.9%, indicating steady but less compelling growth compared to Citigroup [22][30] Stock Performance and Valuation - In the past year, Wells Fargo shares increased by 11.7%, while Citigroup's stock surged by 39.5%, outperforming the industry average of 20.6% [14] - Citigroup's trailing P/E ratio is 11.1X, compared to Wells Fargo's 12.6X, both trading below the industry average of 14.5X, indicating Citigroup is the cheaper option [16][29] - Both companies offer competitive dividend yields, with Citigroup at 2.1% and Wells Fargo at 2.05% [19] Conclusion - Citigroup is positioned for greater upside potential in 2026 due to its ongoing transformation and strategic focus on higher-margin areas, while Wells Fargo's recent improvements are largely priced in [27][30][31] - Investors seeking higher growth potential may find Citigroup's fundamentals and valuation more attractive compared to Wells Fargo [31]

Core Insights - Citigroup, led by CEO Jane Fraser, is proactively implementing mandatory AI training for its 175,000 employees across 80 global locations to help them adapt to the changing workplace dynamics brought about by AI technology [2][3][4]. Group 1: AI Training Implementation - Citigroup has confirmed that it sent a memo to its 175,000 employees, mandating AI training with a focus on prompt engineering to alleviate fears and misconceptions about AI tools [3]. - The training aims to enhance employees' skills in using AI tools effectively, which is expected to benefit their work and lives significantly [3][4]. - Fraser emphasizes that the training is not just an investment in employees' livelihoods but also a strategic move for the company, as about 50% of new positions are filled by internal employees [4]. Group 2: Training Outcomes and Effectiveness - The AI training program has shown significant results, with employees inputting over 6.5 million prompts into the company's AI tools last year [4]. - The internal memo indicated that the use of AI has drastically reduced the time required for tasks, with some jobs that previously took hours now completed in minutes [4]. - By Q4 2025, the usage rate of Citigroup's proprietary AI tools is projected to reach 70%, with over 21 million interactions from employees across 84 countries [4]. Group 3: Employee Perspective and Support - The training initiative is designed to reassure employees that AI is a collaborative partner rather than a threat to their careers [5]. - Experts suggest that such training is crucial in reinforcing the understanding that AI acts as a co-pilot in the workplace, rather than a replacement for human roles [5].

Big bank earnings are stepping back into the spotlight just as markets brace for fresh Fed signals, new inflation data, and another reality check on the health of U.S. finance. This earnings season features updates from heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C), giving a front‑row view into how major lenders are navigating tighter policy and shifting credit conditions. One name stands out in that lineup. Citigroup has seen its stock surge nearly 4 ...

Core Insights - The article highlights the best Citi credit cards for February 2026, focusing on various categories such as cash back, travel, and balance transfers [1] Group 1: Best Credit Cards - The Citi Custom Cash Card is recommended as the best overall card, offering a $0 annual fee, a welcome offer of $200 cash back after spending $1,500 in the first 6 months, and a 0% introductory APR on balance transfers for the first 18 months [3][5] - The Citi Strata Premier Card is noted as the best travel card, featuring a $95 annual fee, a welcome offer of 60,000 bonus points after spending $4,000 in the first 3 months, and a strong rewards rate of 3x points at supermarkets and gas stations [6][8] - The Citi Double Cash Card is highlighted as the best balance transfer card, providing a $0 annual fee, a welcome offer of $200 cash back after spending $1,500 in the first 6 months, and a 0% introductory APR on balance transfers for the first 18 months [9][13] Group 2: Rewards and Benefits - The Citi Custom Cash Card offers 5% cash back on purchases in the top eligible spend category each billing cycle (up to the first $500 spent), 4% cash back on hotels and car rentals booked through Citi Travel, and 1% on all other purchases [5] - The Citi Strata Premier Card provides 10x points on hotels, car rentals, and attractions booked through CitiTravel.com, 3x points on air travel and other hotel purchases, and 1x points on all other purchases [11] - The Citi / AAdvantage Platinum Select World Elite Mastercard offers 80,000 bonus miles after spending $3,500 in the first 4 months, with benefits including a free checked bag for the cardholder and up to four companions on domestic American Airlines flights [17][21] Group 3: Additional Card Options - The Citi Secured Mastercard is designed for individuals looking to establish or rebuild credit, requiring a security deposit that acts as the credit limit, with a $0 annual fee [22][26] - The Citi Diamond Preferred Card and Citi Simplicity Card are noted for their 0% introductory APR offers on purchases and balance transfers, although they do not earn rewards [29] - The article mentions the Citi / AAdvantage Executive World Elite Mastercard as a premium travel card offering significant benefits for frequent American Airlines travelers, including a complimentary Admirals Club membership [39]

As the US dollar continues to fall a new four year low, investors are grappling with US policy risks and there is speculation that Japan will intervene to support the yen. Citi Research Global Chief Economist Nathan Sheets speaks on the issue with Scarlet Fu on 'Bloomberg Markets.' Interview occurred on January 27, 2026. ...

Group 1 - Citigroup Inc. has crossed the 3% voting rights threshold in Solvay, with notifications indicating a change in their holdings [1][5] - On January 19, 2026, Citigroup reported a 0.56% increase in voting rights, bringing their total to 3.06% [1] - On January 22, 2026, Citigroup reported a downward adjustment of voting rights to 0.00%, resulting in no change in total voting rights [1][5] Group 2 - Solvay is a leading chemical company with a commitment to sustainability and innovation, employing approximately 9,000 people [2] - The company reported net sales of €4.7 billion in 2024 and aims for a carbon-neutral future by 2050 [2] - Solvay's operations focus on essential solutions for air and water purification, food preservation, health protection, and sustainable materials [2]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Citigroup is pushing back against a lawsuit from a former wealth management executive who claimed that Citi’s Head of Wealth Andy Sieg had sexually harassed her. In a separate filing from Julia Carreon’s complaint against the bank in Texas federal court, Citigroup asked the court to compel arbitration to settle Carreon’s claims, arguing there was “absolutely no factual or legal basis for any such ...