Citigroup’s investment banking business is climbing Wall Street rankings under Viswas Raghavan’s leadership. Since joining in 2024, he’s hired top bankers from competitors and pushed for internal collaboration. Citigroup offers multimillion-dollar pay packages to attract talent. CEO Jane Fraser aims to boost the banking giant’s performance. Citi rose to fifth place in global investment banking revenue rankings this year, with strong results in M&A deals. The bank’s banking division had the highest growth this quarter but still faces challenges in certain areas. Mayo believes Citi’s leaders are now focused on increasing returns.

Read more at Yahoo Finance: Analysis-Citi’s banking head drives turnaround with more executives, deals, cooperation