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.

While many condemned the violence, few firms have cut financial support to elected officials who have backed Trump’s baseless claims of election fraud.

Jane Fraser, President of Citigroup and CEO of Global Consumer Bank, shares her thoughts on becoming the firm’s next CEO, expresses her gratitude for the outpouring of support she’s received, and pays homage to all the women who have paved the path before her.

Jane Fraser has led the bank’s response to the coronavirus pandemic in North America, including its plans for returning its workers to offices around the U.S.

The hires might be short-lived as job-cut moratoria end in the third and fourth quarters.

The pandemic and work-from-home arrangements are probably spurring larger budgets.

The death of George Floyd in Minneapolis and other fatal police encounters now fueling protests nationwide have prompted executives from almost every major bank and investment firm to speak out.

Wall Street’s nonstop aggressiveness is clashing with the demands of a deadly pandemic.

The change means legions in New York, New Jersey and Connecticut who had been scheduled to rotate among sites will instead stay away from those offices until further notice.

The client, Moises Cosio, is a filmmaker and the scion of a Mexican banking and real estate fortune.

The investment bank is well behind most of its competitors and is priced well above the most attractive price points.

Some of Wall Street's most prominent executives have this in common: a long tenure.

The flood of new money has made the area one of the world’s hottest — and most competitive — wealth markets.