Lates News

Citigroup Group CEO Fraser said that as American companies regain confidence from clearer policy signals, merger and acquisition activities are rebounding, and it seems unlikely that the United States will fall into a recession. However, she also warned that the bank is closely monitoring the labor market and said that "not everything is looking up," but she still expects the United States to avoid a recession. Fraser is also optimistic about the Middle East region, predicting strong growth for the next decade driven by investment inflows and the development of emerging industries. Gulf countries have invested billions of dollars domestically and internationally to reduce their dependence on oil, attracting global financial institutions including Citigroup. In recent years, Citigroup has been one of many international banks expanding their business operations in the Gulf region. J.P. Morgan Financial Group, Lazard, and others are also hiring personnel or opening new offices in the area. Earlier this year, J.P. Morgan announced plans to add more than 100 employees to its Middle East operations in the coming years.