Reuters reports that Citigroup remains upbeat about the prospects of its European and emerging markets investment banking business. In an interview with the news agency, Bill Mills, the CEO of Citigroup's EMEA Corporate & Investment Banking division, said that 'it continues to trend positively, even with interest rates rising......Barring some shock, the environment for corporate and investment banking continues to be strong....I don't think we will hit a wall'.
Financial News quotes German newspaper Handelsblatt, which says that Deutsche Bank is set to increase its headcount in India by a factor of 10 by the end of next year. An increase in headcount of this nature there will mean that the German bank will have around 4,000 staff in India by the end of next year.
Dresdner Kleinwort has just appointed Susan Dingilian as CEO of its Americas operations. Ms Dingilian has been with the firm for 6 years, and relocated to the US last year.
Finally, Bloomberg reports that Merrill Lynch is 'holding talks' to move its headquarters to one of the two new towers planned for construction on the World Trade Center site in downtown Manhattan. A spokesperson for the US firm said that 'like any well-managed company, we're in the midst of evaluating our options, given that we have an impending lease expiration in 2013'.