(Bloomberg) -- Citigroup Inc. named veteran Chinese dealmaker Li Shan to a key position in advising the firm’s clients on navigating challenges across Asia. The 62-year-old was named chairman of Japan, Asia North and Australia, marking a return for Li to global banking, according to an internal memo. He will be based in Hong Kong. He most recently headed an investment firm. Li has also been on the board of Credit Suisse after stints at Goldman Sachs Group Inc., UBS Group AG and Bank of China Internationa ...

"降息潮"来势汹汹。 在美联储9月议息会议前夕，多国央行出手。北京时间9月12日早间消息，秘鲁央行宣布，降息25个基 点；土耳其央行当地时间11日宣布，降息250个基点，将基准利率从43%下调至40.5%，超出市场预期。 与此同时，美国最新发布的就业与通胀数据也为美联储开启降息周期扫清了障碍。花旗分析认为，美国 8月CPI报告及其细节为美联储启动降息提供了更多依据，预计美联储将开启新一轮降息周期，在未来 五次联邦公开市场委员会(FOMC)会议上累计降息125个基点。 刚刚宣布：降息 北京时间9月12日早间消息，秘鲁央行宣布，降息25个基点，将基准利率从4.50%下调至4.25%。这与彭 博社调查的15位经济学家中8人的预测一致，另7人预计秘鲁央行将连续第四次维持利率不变。 降息250个基点 在秘鲁央行出手前，土耳其央行于当地时间9月11日发布公告称，货币政策委员会决定将基准利率从 43%下调至40.5%，降息幅度达250个基点，降幅超过市场预期的200个基点。 土耳其央行在声明中指出，尽管第二季度国内生产总值增速高于预期，但最终国内需求依然疲弱。最新 数据显示，当前需求环境虽有助于推动通胀回落，但食品价格上涨 ...

Group 1 - Morgan Stanley believes that the positive fundamentals of the optical module industry have been fully reflected in stock prices after several months of significant increases [1] - The firm suggests that investors should take profits during periods of high market sentiment, contrasting with optimistic reports from Goldman Sachs and Citigroup [1] - Morgan Stanley has made substantial rating adjustments for several leading optical module stocks, with New East Technology being downgraded to "underweight" [1] Group 2 - New East Technology experienced a 338% year-on-year growth in Q2 2025, but its growth rate is expected to significantly slow in the coming quarters, potentially triggering a valuation downgrade [1] - Since April, New East Technology's stock has surged by 460%, while other companies like Zhongji Xuchuang and Tianfu Communication have seen increases of 312% and 269% respectively [1] - Despite the positive outlook for AI infrastructure demand, Morgan Stanley warns that the current level of market enthusiasm is unlikely to be sustainable [1]

Group 1 - The combination of a mild inflation report and weak labor market signals clears the way for the Federal Reserve to initiate a rate-cutting cycle [1] - The August CPI in the U.S. is reported at 2.9% year-on-year, matching expectations and slightly up from the previous value of 2.7% [1] - Core CPI for August is reported at 3.1% year-on-year, with a month-on-month increase of 0.3%, consistent with expectations and previous values [1] Group 2 - Citi analysts view the inflation report as encouraging for Federal Reserve officials preparing to implement a series of rate cuts [3] - The report indicates that price increases are primarily driven by volatile factors that are unlikely to persist, supporting the expectation of a more moderate growth in the core Personal Consumption Expenditures (PCE) price index [3] - Analysts expect the Federal Reserve to initiate a rate-cutting cycle, with a cumulative reduction of 125 basis points over the next five FOMC meetings, potentially bringing the policy rate below 3% [3] Group 3 - U.S. stock markets surged, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closing at historical highs, with the Dow surpassing 46,000 points for the first time [4][5] - The dollar index declined, while gold prices reached a new record high adjusted for inflation, indicating a shift in investor sentiment towards risk assets [5][6] Group 4 - The bond market saw increased demand, with yields declining across the board, particularly in long-term bonds, as the 10-year U.S. Treasury yield fell below 4.00% for the first time since April [7] - The 30-year mortgage rate also dropped to its lowest level since February 2023, reflecting the impact of anticipated rate cuts [7] Group 5 - Analysis of the August inflation data reveals that the upward pressure on commodity prices was weaker than expected, with limited transmission effects from tariffs [10] - Core commodity prices increased by 0.28% month-on-month, lower than Citi's expectations, indicating a potential decline in the commodity price component of core PCE [10] Group 6 - In the services sector, price increases were concentrated in a few volatile items, with core service prices rising by 0.35% month-on-month, largely driven by a 5.9% surge in airfare prices [11] - Analysts believe that the airfare price spike is unlikely to be repeated, and overall service price pressures are expected to remain moderate due to weak demand for non-essential services [11] Group 7 - The only concerning detail in the CPI data was the 0.38% month-on-month increase in Owners' Equivalent Rent (OER), which analysts believe does not indicate a new upward trend [12] - Analysts expect OER to continue to slow down in the remainder of 2025 and into 2026, alleviating overall inflationary pressures [13] Group 8 - Overall, the August CPI report and its details provide further justification for the Federal Reserve to initiate rate cuts, with market expectations for a rate cut at the upcoming FOMC meeting becoming solidified [14] - The report reinforces the view that inflation risks are diminishing, while the need to support economic growth is becoming more prominent [14]

Citigroup Inc. (NYSE:C) is one of the best inexpensive stocks to buy according to hedge funds. On September 3, Truist analyst John McDonald raised the firm’s price target on Citi to $105 from $99, while keeping a Buy rating on the shares. Since the financial crisis, Citigroup’s shares have struggled to gain significant momentum, largely because its Return on Tangible Common Equity/RoTCE has had difficulty remaining above 10% for a prolonged period. This makes it crucial for the company to successfully meet ...

You know, there's plenty of interest in the Middle East region. Maybe just talk to us about what growth opportunities you see specifically for city and in which areas. Is it wealth. Is it advisory.Give us more details. I have been increasingly coming to the region with greater regularity since I became CEO. And that, I think, is a reflection of three distinctive traits that the region has.The first is the long term vision. If you are looking for a sense of clarity, of direction as to where the region is hea ...

You know, there's plenty of interest in the Middle East region. Maybe just talk to us about what growth opportunities you see specifically for city and in which areas. Is it wealth. Is it advisory.Give us more details. I have been increasingly coming to the region with greater regularity since I became CEO. And that, I think, is a reflection of three distinctive traits that the region has.The first is the long term vision. If you are looking for a sense of clarity, of direction as to where the region is hea ...

(Bloomberg) -- Citigroup Inc. Chief Executive Officer Jane Fraser said she is “comfortable” with the findings of an internal probe into the bank’s top wealth executive and pointed to strong performance in the division.The bank earlier this year hired law firm Paul Weiss to investigate complaints about the behavior of its wealth-management chief, Andy Sieg, Bloomberg News reported in August. That investigation is now complete, though Citigroup has previously declined to comment on the outcome of the probe.“W ...

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. (Bloomberg) -- Citigroup Inc. Chief Executive Officer Jane Fraser said she is “comfortable” with the findings of an internal probe into the bank’s top wealth executive and pointed to strong performance in the division. The bank earlier this year hired law firm Paul Weiss to investigate complaints about the behavior of its wealth-management chief, Andy Sieg, Bloomberg News reported in August. That ...

This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: Citi appointed former IBM executive Shobhit Varshney as its head of AI, according to COO Anand Selvakesari in a Sept. 9 internal memo reviewed by CIO Dive. Varshney will report to Selvakesari and partner with Citi’s broader executive management team, including CTO David Griffiths.  Varshney joins the company from IBM. There, he spent just over 13 years in vari ...