This Month
Citi’s services arm gets time in the sun amid a global restructure
The Wall Street bank’s most misunderstood business has morphed into its most critical chess piece as CEO Jane Fraser executes a turnaround plan.
- Aaron Weinman
Foreign students hit; Citi’s weightlifting fighter; $4.8m property tip
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
How new Citi markets boss’s weightlifting makes her fit for a fight
Cristina Chang is just back from Hong Kong after two decades, where she went from youngish Mallesons lawyer to financial hard-head with Olympic-level strength.
- Anthony Macdonald
June
IAG says premium pressure easing as shares soar on profits
Shares in IAG jumped on Friday as the insurance giant announced that earnings were likely to come in at the top of forecasts.
- Liam Walsh and James Eyers
Shaws’ Zion enters hall of fame, Goldman, Citi nab stockbroker awards
The country’s stockbroker foundation called out some of the year’s best research and block trades, but had little to choose from for the IPO category.
- Aaron Weinman
The tallest tales from 50 years of Chanticleer
Movers and shakers from around Australia helped celebrate 50 years of The Australian Financial Review’s revered Chanticleer column. Here are the top tales and anecdotes from each of our past columnists.
- Updated
Bigger, more frequent Powerball jackpots on the way: Citi
The investment bank’s analysts have told clients that The Lottery Corporation is cashed up and will defend its most popular game by offering more prize money.
- Zoe Samios
May
Citi debt capital market bigwigs depart the bank
Street Talk understands Ollie Williams and Keith Mitchell have left the investment bank.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ANZ pushes to reverse fine for $2.5b cap raising blunder
The Federal Court ultimately levelled a $900,000 fine against the financial institution for not informing investors about the shortfall.
- Lucas Baird
- Opinion
- Workplace culture
How much fun should you have at work?
Jokes at work need to be deployed with skill and care. Yet, the best are glorious and the working world would be a far better place if we had a great deal more of them.
- Pilita Clark
Incitec advisers work through final checklist for $1b fertiliser deal
The army of lawyers and bankers around Incitec Pivot’s $1 billion-plus fertiliser deal are feeling good.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Citi’s Bonza links emerge in emails showing overdue invoices
The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.
- Ayesha de Kretser
- Analysis
- Banking products
Good banks today want to be seen as boring
Regional US financial institutions are promoting themselves as stodgy, stuffy and dull in response to industry failures.
- Bre Bradham
April
Citi MD off to lead Gresham’s infrastructure advisory unit
His deal credits feature some enviable roles, including takeover defence for AusNet Services during its $10.1 billion take-private by a consortium led by Brookfield.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘All banks to sell’: Citi sounds big four valuation alarm
Investors should quit owning the major banks because political campaigning against profits will force them to pass on more of the RBA’s interest rate cuts, hurting earnings.
- Updated
- Lucas Baird
Buy Newmont to benefit from gold price surge, Citi urges
Shares in the gold miner, which merged with Newcrest last year, have fallen. But the investment bank says that should be more than overcome this year.
- Joshua Peach
Chipmaker resumes production as Taiwan begins quake recovery
TSMC, the leading producer of advanced chips for Apple and Nvidia, has restarted operations, less than 24 hours after evacuating staff and halting work.
- Debby Wu and Chien-Hua Wan
The new governor-general - in her own words
Sam Mostyn has been one of Australia’s most influential company directors for many years, shaping policies on gender, climate and First Nations issues.
- Hannah Wootton
Citi’s local businesses log losses amid global restructuring
The US bank’s Australian financials come amid a broader slump in profits at investment banks’ local outposts.
- Aaron Weinman
- Opinion
- Chanticleer
Meet the Australian running Citi’s new team of 6000 bankers
From running Credit Suisse and Citi in Australia, to being involved in the biggest reshuffle at Citi in 25 years, David Livingstone says he wouldn’t have it any other way.
- Updated
- Anthony Macdonald