Weekly Global News Wrap: Citi's commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions | Asian Banking & Finance

And global financial conditions are expected to tighten further over the coming years. From Reuters : Citigroup unit Citi Commercial Bank (CCB) plans to hire 900 staffers, including 400 commercial bankers, over the next three years. The bank, which currently operates in 60 countries and focuses on lending to mid-sized companies, said a bulk of the hires are expected to be in areas where it sees an increase in business activity, particularly the US, China, Brazil, India, and countries in Western Europe. From Bloomberg : Sberbank said it's looking at the possibility of issuing cards using the Russian payments system…