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Citibank, (formerly City Bank of New York) was chartered by the State of New York on June 16, 1812, with $2 million (~$43.4 million in 2023) of capital. [9] [10] Serving a group of New York merchants, the bank opened for business on September 14 of that year, [citation needed] and Samuel Osgood was elected as the first President of the company. [9]
She joined Merrill Lynch's investment bank in 1999 [7] and worked in both New York and Hong Kong, focusing on China and Taiwan deals in the technology, media and telecom sectors. [ 8 ] In 2004, Liu was appointed Global Head of Sales, Marketing and Business Development at womenswear designer Vivienne Tam .
In 2018 The New York Times wrote that "where Mr. Corbat can steer Citigroup directly, he is doing so." [1] The issues he addressed included: Gender pay gap which he both defended, proclaiming that it inspires entry-level employee to work harder and advance, and concurrently described as "a challenge we need to tackle together." [15] [16]
Financial analysts in the investment banking departments of securities or banking firms often work in teams, analyzing the future prospects of companies, and selling shares to the public for the first time via an initial public offering (IPO), or issuing bonds; this task is often identical to that of a securities analyst.
Meredith Ann Whitney (born November 20, 1969) [1] is an American businesswoman and financial analyst. She is known for successfully forecasting the financial crisis of 2007–2008 , [ 2 ] and was dubbed “The Oracle of Wall Street” by Bloomberg .
Bank earnings showing 2024 was a stellar year for banks, and how the macro environment and policy outlook are settling them up for good times to continue in 2025. Two stocks worth watching ...
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The investment banking industry, including boutique investment banks, have come under criticism for a variety of reasons, including perceived conflicts of interest, overly large pay packages, cartel-like or oligopolistic behavior, taking both sides in transactions, and more. [50] Investment banking has also been criticized for its opacity. [51]
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