(Bloomberg) -- On Monday, Daniel Vorcaro announced a last-ditch rescue deal that appeared to save his floundering Brazilian bank. Hours later, he was arrested at a Sao Paulo airport, where authorities say he was trying to flee the country.Banco Master SA will be liquidated after the latest twist in its saga featured a sweeping corruption probe by Brazilian authorities. Chief Executive Officer Vorcaro and five others were arrested amid allegations that executives fabricated credit instruments and sold them t ...

It’s the inevitable gut reaction that we all have. If you see massive debit-based puts in the options flow screener like we just did for financial giant Citigroup (C), acute feelings of pessimism rise to the forefront. However, the derivatives market can be tricky because you’re never really sure about underlying intentions. In this case, the unusual options activity very well might be bullish for C stock in a roundabout way. On Monday, Citigroup’s options flow readout — which focuses on big block transac ...

花旗香港最新一份《香港千万富翁调查报告2025》显示，香港2025年千万富翁人口达39.5万人，较去年 增加5000人，相当于占21至79岁本地人口约7%。花旗将拥有逾1000万港元总资产净值(包括自住物业， 但不含按揭贷款等负债)，以及至少100万港元流动资产的人士，界定为"千万富翁"。 花旗香港客户策略及销售管理主管成静雯表示，千万富翁人数上升，超级富裕群体在投资与跨代财富传 承上采取更精密策略，财富管理需求已超越传统资产，趋向积极管理与多元配置，并更重视财富传承规 划，以保障下一代的财务未来。 花旗本次调查于2024年12月至2025年1月，以及2025年8月至10月期间，访问2600名年龄在21至79岁之间 的香港居民。调查显示，千万富翁平均年龄55岁，男性占55%、女性占47%；总资产净值中位数为2050 万港元，流动资产中位数为1000万港元。 花旗表示，该批千万富翁的财富分配平均，当中流动资产占49%，物业占51%。在流动资产中，投资产 品与现金及存款各占一半；千万富翁平均于34岁赚到"第一桶金"，即累积100万港元资产，而当时主要 投资股票及基金；平均在33岁就已首次置业。 ...

Vi e w p o i n t | 13 Nov 2025 23:56:52 ET │ 26 pages Global Macro Strategy - Views and Trade Ideas Shutdown over – what next? CITI'S TAKE The longest ever US shutdown is over. We look at what to expect in the coming weeks. We preview US data dynamics, USD liquidity, and with global data momentum improving, look at x-asset excess returns in more globally bullish regimes, with and without US data momentum improving. We stay bullish equities, neutral duration, lightly bearish USD, bullish copper and neutral g ...

Vi e w p o i n t | 13 Nov 2025 19:47:44 ET │ 9 pages China Economics China Export Tracker (28): Exports Stabilize Post the Contraction in October CITI'S TAKE We update our high-frequency trackers of Chinese exports up to Nov 12th . China's exports to the US stabilized at low levels with the two sides cutting tariffs and removing port fees. The level of cargo throughput has picked up from the trough seen in mid-October and stabilized. A return to positive exports growth in November looks quite likely to us. ...

Vi e w p o i n t | 13 Nov 2025 11:00:49 ET │ 10 pages China Economics Focus on Policy Transmission with Impact Yet to Surface in Credit Data +852-2501-2754 xiangrong.yu@citi.com See Appendix A-1 for Analyst Certification, Important Disclosures and Research Analyst Affiliations. Citi Research is a division of Citigroup Global Markets Inc. (the "Firm"), which does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict o ...

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City is sticking with its bullish playbook, focusing on five stock selection narratives. AI at a reasonable price, positive ROE trend, inflecting growth, return on growth capex, and high earning sharp. So, let's bring in Drew Pettit from City to break this all down.Drew, welcome back. Last week, you told us the market's fully valued. This week, you got some themes.Which one of these do you think is the most counterintuitive. >> I would say the inflecting growth theme. It's funny.We're we're talking about th ...

More than two years after it emerged that Trafigura Group lost over half a billion dollars in an alleged nickel fraud, a trial began as the trading giant attempts to recover losses from the man it says was behind the scam.Proceedings kicked off at the High Court in London on Monday in the trial involving Trafigura — one of the world’s top commodities suppliers — and Indian businessman Prateek Gupta. Trafigura brought the claim after shocking the market in 2023 when it announced that almost $600 million of m ...

Core Insights - JPMorgan is expanding its operations in Dubai to enhance its business with midcap companies in the Middle East, challenging competitors like Citigroup [1] - The move is part of a broader strategy to diversify revenue streams beyond large blue-chip firms, with a focus on midcap firms in various regions including Austria and Poland [1] - The competitive landscape in the Middle East is intensifying, with other financial institutions like Barclays and Goldman Sachs also establishing operations in the region [2] Company Strategy - JPMorgan's co-head of corporate banking for Europe, the Middle East, and Africa, Stefan Povaly, emphasized the global focus on midcap firms as a priority for the bank [1] - The bank is in preliminary stages of assessing an expansion of its midcap coverage in Turkey, indicating a strategic approach to growth in emerging markets [3] - As part of its expansion, JPMorgan has relocated Tushar Arora to Dubai to lead efforts in serving smaller, venture capital-backed companies [4] Competitive Landscape - The entry of more global financial institutions into the Middle East is increasing competition, prompting existing players like Citigroup to invest selectively and upgrade their teams [2][3] - Citigroup's head of commercial banking in the region acknowledged the need for vigilance due to rising competition [3] - JPMorgan's recent efforts in Poland and Austria reflect its commitment to expanding its midcap business across Europe [5]