The busiest week for US initial public offerings in more than two years sparked a closely-fought race for deal credit between two of the country’s biggest banks.

Citigroup edged out Bank of America Merrill Lynch by raising just $18m more from IPOs in the US between Monday and close of play on Thursday. A total of 11 deals priced over the period, more than in any week since the one beginning December 6, 2010, when 10 deals priced, according to Dealogic.

Investment bank of the Week: Citigroup (by a nose)

The busiest week for US IPOs in more than two years sparked a closely-fought race for deal credit between two of the country’s biggest banks

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Hedge fund Discovery Capital extends year-to-date returns to almost 18%

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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