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26.01.26 - 00:36
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UBS, Citigroup, Morgan Stanley boost bonus for investment bankers by 20% (SCMP)
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Investment bankers in Asia are set for their best payday since 2021, with UBS, Citigroup and Morgan Stanley raising bonuses by an average of 20 per cent, according to people familiar with the lenders' plans.
The fat cheques follow higher revenues powered by robust initial public offering (IPO) activity, vibrant stock and bond markets, and a steady flow of mergers and acquisitions in 2025.
Representatives for UBS, Citigroup and Morgan Stanley declined to comment when reached by the......
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22.01.26 - 19:30
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Bank Of America, Citigroup May Launch Credit Cards With 10% Rate (ZeroHedge)
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Bank Of America, Citigroup May Launch Credit Cards With 10% Rate
Once again Trump's brash negotiating style appears to be paying off.
Two weeks after Trump shocked the world by demanding lenders cap credit card interest rates at 10% for one year, Bank of America and Citigroup are exploring options to do just that in an attempt to placate the president.
Bloomberg reports that both banks are mulling offering cards with a 10% rate cap as one potential solution.
Earlier this week, Trump said he would ask Congress to implement the proposal, giving the financial firms more clarity about what exact path he's pursuing. Bank executives have repeatedly decried the uniform cap, saying it'll cause lenders to have to pull credit lines for consumers.
The alternative proposal is to offer credit cards that would have a 10% rate specifically targeted to those consumers... who would already be eligible for the lowest rates around. And while it would do nothing to alleviate the near record high APR...
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