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Jane Fraser - 2 Fraser - 2 Lananh Nguyen - 2 Tatiana Bautzer - 2 Saeed Azhar - 2 Sara Wechter - 1 Megan Davies - 1 David Gregorio - 1
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Search resuls for: "Saeed Azhar Tatiana Bautzer"


3 mentions found


☆ Citigroup outlines layoff process, reassignments as overhaul takes shape
  + stars: | 2023-10-05 | by ( Lananh Nguyen Saeed Azhar Tatiana Bautzer | Lananh Nguyen | Saeed Azhar | ) www.reuters.com   time to read: +3 min
Citigroup also convened a meeting of its managing directors on Wednesday, according to two sources familiar with the matter. Citigroup declined to comment on the memo, town hall and meeting with managing directors. Citi had 240,000 employees at the end of the second quarter. CONSULTATIONS IN THE UKThe bank is also beginning the consultations required in the UK after earlier warning employees about possible redundancies. In the second quarter, net income tumbled 36% to $2.92 billion, beating analyst expectations.
Persons: Sara Wechter, Jane Fraser, Fraser, Lananh Nguyen, Tatiana Bautzer, Saeed Azhar, Megan Davies, David Gregorio, Kirsten Donovan, Sonali Paul Organizations: Citigroup, Reuters, Bankers, Citi, Bank of America, Milana, Svea Herbst, Thomson Locations: Wells Fargo, London, New York, Svea
☆ Top U.S. banks raise dividends after sailing through Fed stress tests
  + stars: | 2023-06-30 | by ( Saeed Azhar Tatiana Bautzer Nupur Anand | Saeed Azhar | Tatiana Bautzer | ) www.reuters.com   time to read: +3 min
JPMorgan, the biggest U.S. lender, plans to increase its quarterly stock dividend to $1.05 per share from a current $1.00. Wells Fargo will boost its dividend to 35 cents a share from 30 cents, the companies said. Goldman Sachs' dividend will rise to $2.75 a share from $2.50, while Morgan Stanley's will increase to 85 cents a share from the current 77.5 cents. Citigroup's stress capital buffer (SCB) requirement rose to 4.3%, from a current 4.0%, contrasting with large peers whose SCB dropped. "While we would have clearly preferred not to see an increase in our stress capital buffer, these results still demonstrate Citi’s financial resilience through all economic environments," Fraser said.
Persons: Morgan Chase, Mike Segar, Goldman Sachs, Morgan Stanley, Wells, Morgan Stanley's, Jane Fraser, Fraser, Saeed Azhar, Nupur Anand, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Richard Chang, Diane Craft, Cynthia Osterman Organizations: Co, New York City, REUTERS, JPMorgan Chase, Federal, JPMorgan, Bank of America, Moody's Investors Service, Citigroup repurchased, Thomson Locations: New York, Wells Fargo, U.S
☆ Morgan Stanley's dealmaking CEO Gorman signals more purchases to come
  + stars: | 2023-04-19 | by ( Saeed Azhar Tatiana Bautzer | Saeed Azhar | Tatiana Bautzer | ) www.reuters.com   time to read: +3 min
Gorman has transformed the Wall Street powerhouse into a more diversified firm that is less reliant on its traditional strengths -- trading and investment banking -- since taking the helm in 2010. He was also the key architect behind Morgan Stanley's purchase of Smith Barney, a brokerage and investment adviser that became a cornerstone of the bank's wealth management arm. Morgan Stanley's profit beat expectations as rising revenue from wealth management in the first quarter offset declines in investment banking and trading. Wealth management accounted for 45% of firm's revenue, the results showed. Despite strains at some U.S. banks, Gorman said the industry is not in a banking crisis, nor was it facing problems comparable to the mortgage crash in 2008.
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