www.bloomberg.com
Citigroup Inc.’s investment bankers are seeing a resurgence in dealmaking, significantly narrowing the gap with dominant Wall Street rivals like JPMorgan Chase and Goldman Sachs. After years of underperformance, Citi has stabilized its business and is now winning larger mandates in both M&A and initial public offerings. While the firm still lags behind the top players, this strong momentum—driven by a revitalized leadership team and a growing client list—marks a pivotal shift in the competitive landscape and signals a sustained recovery for the bank.
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