U.S. retail customers who said their primary bank met their needs for guidance gave it much higher grades, according to J.D. Power’s annual survey.

Wall Street’s remote-work wars intensify as Citigroup commits to a flexible policy with some days at home.

The newly formed unit comes just weeks after the CEOs of the six biggest U.S. banks were grilled by Congress over ties to cryptocurrencies.

“If you have a superb value proposition and an incredible platform, you’re able to give more of that money back to shareholders,” said CEO Jane Fraser.

The efforts to bolster risk controls and simplify global operations will ultimately lead to better shareholder returns, Jane Fraser said, while urging investors to show patience.

The bipartisan ire was a reminder that the biggest banks still have to win over legislators on both sides of the aisle.

Senator Elizabeth Warren and other critics plan to ask whether banks are prioritizing buying back stock and rewarding employees over supporting the real economy.

If approved, the vehicle will focus on acquisition targets in the consumer or retail industries, according to the prospectus.

The skewed allocations “may significantly change fund performance and use case suitability until rebalance dates,” analysts say.

The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.