Bloomberg Citigroup Inc. is studying options for slimming down the firm’s sprawling international consumer operations as part of incoming Chief Executive Officer Jane Fraser’s efforts to simplify the bank. The company is weighing divesting certain units across retail banking in the Asia-Pacific region, including those in South Korea, Thailand, the Philippines and Australia, according to people familiar with the matter. ...

Bloomberg A senior Bank of America Corp. (BofA) bond trader is the latest person to depart from the company’s fixed-income division. Shyam Rajan, head of US Treasury trading, is leaving after more than a decade with the firm. The company named Michael Maras head of global fixed-income, currencies and commodities research after prominent analyst David Woo decided to leave. Wall ...

Bloomberg McLaren Automotive will bill its first plug-in hybrid model as offering true supercar performance with hatchback-level emissions. The Artura will start at 185,500 pounds ($258,000) and can drive about 30 kilometers (19 miles) on battery power alone, Chief Executive Officer Mike Flewitt said in an interview. The carmaker expects the car to account for about a third of its ...