Citi considers overhaul that would hand more power to chief Jane Fraser
Institutional Clients Group would disappear in most significant shake-up of past 15 years
Investment Banking
The battery revolution
This series examines the technology, corporate winners and losers, rivalries between battery systems and the future of recycliing
Batteries
Investor Boaz Weinstein leading rival bid for hedge fund Sculptor
Saba Capital founder is working with Pershing Square’s Bill Ackman and Marc Lasry of Avenue Capital Group
Mergers & Acquisitions
Relevent Sports, the billionaire’s media group selling football to America
Company backed by Stephen Ross wants to take advantage of international gold rush in the sport
Travel & leisure industry
Ukraine war thrusts fertiliser minerals to centre of food security debate
Prices are back at prewar levels but mining companies are expanding production in anticipation of rising demand
Chemicals
Advance of the AI adviser: machine learning’s role in managing fortunes
Wealth managers are embracing AI as a research tool and for improving client relations — but does it have the magic touch?
Artificial intelligence
Pursuit of a modern-day US steel industry leader will test Biden’s trustbusters
Capitalists’ tactics have changed since Andrew Carnegie’s day, but tensions over big business have not
Mergers & Acquisitions
Russia’s first post-Soviet Moon mission ends in space crash
Unmanned craft spins out of control, underscoring decline of space programme since cold war peak
Space industry
Turkey backs away from foreign currency protected savings accounts
Erdoğan continues retreat from unconventional economic policies that stoked inflation crisis
Central banks
US regulators raise pressure on board members at competing companies
Federal Trade Commission joins Department of Justice antitrust division in scrutiny of ‘interlocking directorates’
Mergers & Acquisitions, Financial & markets regulation