Citi Said to Combine Corporate and I-bank
What are peoples' thoughts? Not sure how that will really play out.
Anyone at Citi want to comment?
I'll let you know what my contacts at Citi say when I get a hold of them.
I think it's smart in the current environment... might as well try to capitalized on the synergies and the low volume dealflow in the market...
huh..weird. i always thought that the corporate bank and the investment bank were attached. corporate bankers maintain relationships and manage the bank's portfolio's while the investment bankers originate and execute.
..anyone have insight on this?We're about to enter a Great Depression. Don't you want a president who's already dressed for it?
Isn't this the same way JPM and BAC have their IBD/Corproate Bank set up?
From theDeal.com
The company is famous in the industry for flooding clients with requests for meetings from different bankers -- a practice that has been dubbed the "Citi swarm"
haha!
@bateman: I've also heard that this is the way JPM has their IBD/Corp. Bank set up. Anyone have any information on BAC?
They already are integrated to a point, it's called the "universal banking" model( the only one that survived). I guess my question is how will they integrate them even more?
Is an Ibank vp going to be calling up a corp analyst to give him work?
Right now I am under the impression they cross sell products extensively but different people represent the two division respectively. and in the past there was what jackofalltrades mentions a "Citi swarm" that had one or two people per product.
Any insight on how this would be affecting analysts?
Sunt qui ex natus ipsum et est. Qui nobis quasi et in inventore ut illo expedita.
Rerum laudantium sint totam quisquam sit fuga vero. Veritatis necessitatibus eum modi quasi pariatur voluptas. Laudantium assumenda earum omnis quia qui sapiente aut.
Quod provident debitis accusamus labore. Perferendis qui ut impedit odit repudiandae accusantium quisquam. Nesciunt voluptas placeat ea quidem aliquam. Natus velit quo veniam delectus.
Maiores itaque est odit earum doloribus. Sunt rerum modi officiis voluptas. Dicta non maiores repudiandae nostrum ut. Ut quasi soluta ut qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...