Citi Bounces Back After Real Estate Raid

Abrams, Sandra Lea
August 2005
Investment Dealers' Digest;8/22/2005, Vol. 71 Issue 33, p9
Trade Publication
This article reports that Citigroup Inc.'s real estate investment banking team demonstrated in August 2005 that even a large-scale staff raid couldn't keep it down. Despite what might have been a crushing blow when Merrill Lynch & Co. Inc. poached six top bankers in April, the group has staged a rousing comeback, announcing a slew of new hires and two important deals. The deals helped Citigroup maintain its number-one ranking in U.S. real estate equity and equity-related deals, and move up to third in U.S.


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