Citi has hired Rohan Sen from Bank of America to lead coverage of the technology services sector in its investment banking division. Sen, who spent 11 years at Bank of America as a managing director in technology investment banking, joins as part of Citi's broader effort to strengthen its technology banking franchise. This move follows Citi's recent hires, including JPMorgan veteran Pankaj Goel, and the formation of a specialized AI Infrastructure Banking team to capitalize on the growing AI market. Citi forecasts AI infrastructure spending by Big Tech to exceed $2.8 trillion through 2029, highlighting the strategic importance of this sector for the bank's growth.
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Citigroup's stock has surged over 40% in the past year, driven by robust loan and deposit growth, including nine consecutive quarters of loan increases and a conservative 52% loan-to-deposit ratio. The bank's net interest margin hit a post-pandemic h...
Carrying credit card debt at an average 22% APR can cost over $1,300 annually in interest. Using a balance transfer card with a 0% introductory APR for up to 21 months, like the Citi® Diamond Preferred® Card, allows payments to go directly to the pri...
Wells Fargo and Citigroup are the only U.S. megabanks with room under the 10% national deposit cap to acquire large regional banks, though neither has made a move yet. Wells Fargo's CEO is open to transformative deals, while Citigroup focuses on orga...
