Trump hails Citigroup as top M&A adviser, but rankings tell a different story

President Donald Trump's unexpected endorsement of Citigroup CEO Jane Fraser put the bank's dealmaking business in the spotlight, even as industry league tables showed the lender trailing several rivals in overall M&A advisory rankings. The remarks underscore the growing attention on Fraser's turnaround strategy, which has helped drive a sharp recovery in Citigroup's stock and investment banking franchise.