Citi is accelerating promotion timelines for junior bankers as the bank tries to hold ground against private equity firms targeting its junior staff. The move comes as hiring pressure across Wall Street grows sharper 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 recruited custody and investment veterans from Citi. On the equities side, both Citi and Goldman Sachs held sell recommendations on Avenue, whose shares fell 6.7%.