Avon to Cut 600 Jobs as CEO McCoy Seeks to Trim Expenses

Citigroup Inc.’s assets at its Asian wealth-management businesses climbed to a record $251 billion at the end of May as the U.S. bank lured new customers.

Assets under management grew 10 percent from a year earlier, Citigroup said in an e-mailed statement today. The New York-based bank, ranked third by assets in the U.S., offers wealth-management services to more than 630,000 clients in 13 countries in Asia.