CITIGROUP hired JPMorgan Chase’s Viswas Raghavan as head of banking and executive vice-chair, poaching from a key rival as chief executive officer Jane Fraser presses ahead with the bank’s biggest restructuring in decades.
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Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses.
