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Karen Maley

Banker's bird's-eye view of pandemic debt impact

Citi Australia's new boss Marc Luet is uniquely placed to assess the impact of the virus, given the bank is one of the country's biggest issuers of credit cards."

It's been a frantic two-and-a-half months for Citi Australia, with the bank acting as one of the lead managers of the federal government's record $19 billion bond sale, and raising billions in fresh capital to help local corporates withstand the impact of the coronavirus pandemic.

And that's occurred at a time when 95 per cent of Citi Australia's employees have been working from home.

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p54vj5