Citigroup says it’s ‘game on’ for deals in America


Citigroup Inc chief executive officer Jane Fraser. — Bloomberg

NEW YORK: Citigroup Inc chief executive officer Jane Fraser says that clients who’d been waiting on the sidelines to do deals are focused on moving forward with mergers and acquisitions (M&As) as they see that scale is needed to compete.

Clients were awaiting an “unlocking” before embarking on M&A and are now starting to ramp up plans in the wake of Trump’s election win, Fraser said in an interview with Bloomberg Television.

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