Citi CEO Sees More Dealmaking With US Recession Unlikely (1)

Citigroup Inc.’s chief executive officer said merger activity is rebounding as US companies gain confidence from clearer policy signals, with a recession in the world’s largest economy looking unlikely.

Clients have become “much more active” in capital markets, investing and dealmaking after greater clarity on taxes, tariffs and deregulation, Jane Fraser told Bloomberg TV in an interview. “Our client base now is really starting to act with confidence,” she said.

Companies globally have announced more than $1 trillion in deals since June, defying the normal slowdown in the summer months. Goldman Sachs Group Inc. sees momentum building further, ...