Citi is bringing forward promotion timelines for junior bankers as the bank tries to hold ground against private equity firms chasing the same hires. The move comes as competition for talent across Wall Street builds heading into 2027.

Separately, Citi claimed the top spot in global IPO underwriting through September 2026, according to Bloomberg. SIX Securities Services and Northern Trust each hired custody and investment veterans from Citi. On the equities side, both Citi and Goldman Sachs kept their sell calls on Avenue, whose shares fell 6.7%.