Last year, Citi decided to sell $715 billion in non-core assets, and it has since succeeded in divesting itself of about $168 billion on these assets, leaving a remaining balance of $547 billion.
Businesses that Citi has sold include a majority sake in Smith Barney’s retail brokerage business, its Nikko Capital securities and asset management companies in Japan, as well as credit card and consumer finance companies in Portugal, Italy and Norway.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
