NEW YORK - Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan this year.
Citi's investment banking revenue in the first quarter was $903 million, half of the $2 billion JPMorgan reaped in the same period. Chief Financial Officer Mark Mason has said in recent earnings conference calls that he expects Citi market share to increase by up to 30% in 2024.
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