May 19, 2022

By David Randall and John McCrank NEW YORK (Reuters) – From meme-stock enthusiasts to retirees, this year’s steep dive for both stocks and U.S. Treasury prices has upended portfolios for individual investors who had enjoyed watching their wealth grow during the historic rally in financial assets early in the coronavirus pandemic in 2020. Wall Street’s…

By Selena Li HONG KONG (Reuters) – Citi has appointed Valentin Valderrabano as its new chief operating officer (COO) for Citi Global Wealth, effective in July, according to an internal memo reviewed by Reuters. Valderrabano, who reports to the bank’s global wealth head Jim O’Donnell, was most recently consumer business manager for Citibank Korea with…