Citigroup has hired a well-known executive from BlackRock into the wealth management division it is working to fix after years of lagging behind rivals. Andy Sieg, Citi’s global head of wealth ...

Citi analyst Christopher Allen lowered the firm’s price target on BlackRock (BLK) to $1,100 from $1,200 and keeps a Buy rating on the shares. The firm adjusted estimates post the Q1 report.

Last year, Nycers reached an agreement with JPMorgan, Citi and the Royal Bank of Canada to disclose their ratio of clean ...