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

Summary

President Trump posted on Truth Social congratulating Citigroup and CEO Jane Fraser for being the top M&A adviser, but Bloomberg data shows Goldman Sachs leading the league tables with Citi in fourth place. Reporter Todd Gillespie explains the inaccuracy, notes the rarity of Trump praising a bank CEO, and highlights the growing proximity between the Trump family and Citigroup.

• Trump's social media post claims Citigroup is the number one M&A shop on Wall Street in Q1.
• Bloomberg terminal data shows Goldman Sachs leading, followed by JPMorgan and Morgan Stanley, with Citi fourth.
• Citi has been improving and hiring talent, but its ranking is not yet top.
• Trump's praise for Jane Fraser is rare; he has criticized other bank CEOs like Brian Moynihan and Jamie Dimon.
• Eric Trump became a Citigroup client in October, setting up a trust with Donald Trump's money.
• The segment questions whether the praise is connected to the business relationship rather than actual league table standings.