Page 8 


Citi choses Frankfurt

Frankfurt Skyline

Citigroup has chosen Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of directors this week for approval, according to a person with knowledge of the decision.

BNY Mellon has a new CEO

Front of BNY Mellon Center

Bank of New York Mellon has hired former Visa boss Charles Scharf as its new chief executive, replacing Gerald Hassell as he retires later this year.


Citi Building Sign

Citigroup results beat the Street

Citigroup reported better-than-expected second-quarter results Friday. The stock, however, fell in the premarket after the bank reported a slowdown in trading results.