NYSE:C 17 February 2026 - 6 April 2026

Why Citi’s $52mn Vis Raghavan Hire From JPMorgan Is Suddenly Under Scrutiny
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Why Citi’s $52mn Vis Raghavan Hire From JPMorgan Is Suddenly Under Scrutiny

Citigroup’s $52mn move to bring in Vis Raghavan from JPMorgan Chase is facing renewed questions. The Financial Times reported Raghavan was told he’d lost his job at JPMorgan following years of complaints about his conduct—only for Citi to hire him just three days after that decision. According to the FT, Citi offered him the position before his exit from JPMorgan had been made public. That’s significant: Raghavan isn’t just any new face. Citi put him in charge of Banking and named him executive vice-chair. He’ll answer directly to Jane Fraser and oversee investment, corporate, and commercial banking—areas Fraser still has to strengthen if Citi wants a shot at catching up with larger Wall Street competitors.
April 29, 2026
HSBC Australia Sale Reignites as Blackstone Eyes A$26 Billion Loan Book
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HSBC Australia Sale Reignites as Blackstone Eyes A$26 Billion Loan Book

Blackstone has its eye on HSBC’s A$26 billion Australian loan book, with early bids set for the end of April, according to The Australian’s DataRoom on Monday. Citi, managing the sale, could see competing offers from Apollo Global Management, Cerberus Capital Management, and Ares Management, the report added. This step is significant for Chief Executive Georges Elhedery as he pushes ahead with trimming lower-yield segments and concentrating HSBC’s efforts on its main markets. Back in February, HSBC raised its return-on-tangible-equity goal to at least 17% through 2028, aiming for revenue growth over that same stretch—ratcheting up the pressure to turn asset sales and cost trimming into solid gains.
April 6, 2026
Citigroup Signals Mid-Teens Q1 Fee and Markets Growth as Fraser Backs 2026 Goal
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Citigroup Signals Mid-Teens Q1 Fee and Markets Growth as Fraser Backs 2026 Goal

Citigroup is projecting mid-teens percentage gains in first-quarter investment banking fees and markets revenue, the bank said Tuesday. CEO Jane Fraser pointed to steady client activity, even with renewed geopolitical tensions. Citi shares climbed roughly 3% around midday, outpacing modest moves from JPMorgan and Goldman Sachs. The stakes are high for Fraser, who’s under pressure to prove Citi’s protracted revamp can actually deliver a 10%-11% return on tangible common equity this year. Last quarter, that key profitability metric—essentially profit versus shareholder capital minus intangibles—clocked in at 7.7% on an adjusted basis. Citi’s next report lands April 14, just ahead of its investor day on May 7.
March 10, 2026