LONDON/FRANKFURT Jan 20 (Reuters) - U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk management, legal and compliance, as well as slimming the back office in favour of locations overseas, according to one source.
- Business Insider•yesterday
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Citigroup said a focus on rich young Asians and new products has helped accelerate net new money growth at its Asia-Pacific consumer wealth business in 2016 to about 10 percent, and a similar annual growth is expected over the next few years. Anand Selvakesari, Citi's Asia-Pacific head for consumer banking, told Reuters that growth in net new money, a key measure of profitability of the wealth business, improved in 2016 from around mid-single digit levels in the last four to five years.
C.BA : Summary for CITIGROUP INC CEDEAR EACH REP 0 - Yahoo Finance
Citigroup Inc. (C.BA)
Buenos Aires - Buenos Aires Delayed Price. Currency in ARS
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|Day's Range||29.50 - 29.80|
|52 Week Range||17.35 - 32.80|
|PE Ratio (TTM)||6.42|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|