Unswayed by strong US jobs data released Friday, economists at Citigroup Inc. are maintaining their increasingly lonely prediction that the Federal Reserve will cut interest rates three times this year.
Citigroup, Banco Santander SA and JP Morgan are among lenders working on a roughly $1 billion finance package for a project by Transportadora de Gas del Sur SA in Argentina’s Vaca Muerta shale formation, according to people familiar with the matter.
Oil drilling rigs at Vaca Muerta Shale oil reservoir in Loma Campana, Argentina.
Citigroup Inc. is preparing for a windfall from trading across asset classes, with momentum appearing more sustained than it did early last year, according to Chief Financial Officer Gonzalo Luchetti.
Traders work on the floor of the New York Stock Exchange in New York on May 21, 2026. Photographer: Michael M. Santiago/Getty Images
Warner Bros. Discovery Inc. priced $15 billion of investment-grade loans on Wednesday, as the media company refinances debt ahead of its pending acquisition by Paramount Skydance Corp.
Ankur Mehta is joining Citigroup Inc.’s treasury department as head of portfolio management after leading the bank’s securitized products and credit research, according to an internal memo seen by Bloomberg.
Workers enter Citigroup headquarters in New York, US, on Thursday, Aug. 4, 2022. Citigroup Inc. is planning a 500-person hiring spree over the next three years for a new wealth division catering to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultra wealthy. Photographer: Juan Cristobal Cobo/Bloomberg
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