Trump Says Citi Is the Top M&A Adviser, But It's Not

President Donald Trump stated that Citigroup, led by CEO Jane Fraser, is the top mergers and acquisitions (M&A) adviser. However, Bloomberg reports that Citigroup is not among the leading M&A advisers in the first quarter of the year and has experienced a decline in its ranking. Todd Gillespie, who covers the bank for Bloomberg, noted this discrepancy. Citigroup's performance in M&A advisory services has fallen, placing it outside the top positions for the current quarter. The bank's advisory role in significant corporate transactions has not placed it at the forefront of the industry's M&A league tables.