Business
Citigroup to lay off more employees in March
Citigroup is expected to lay off more employees in March following a round of about 1,000 job cuts this month, according to two sources…
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citigroup
Business
Bank of America, Citigroup weigh new cards with 10% rate
Some bank executives have publicly said that they agree with Trump’s focus on affordability Bank of America and Citigroup are exploring…
News
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia Citigroup said…
Business
Citigroup, Daiwa are latest to expand Japan dealmaking teams
This is due to hostile takeovers no longer being taboo, and private equity and activist investors are more prominent It is a good time to…
Business
Citigroup to boost Japan investment banking team on deal boom
Other banks are strengthening their investment banking operations in Japan as well CITIGROUP will further increase its investment banking…
Business
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia Citigroup will move most of its…
Business
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange…
Business
Citigroup India nears US$1 billion book of asset backed securities
Citigroup’s India unit has more than doubled its asset-backed securities book to nearly US$1 billion in the last two years, ahead of…
Business
Citigroup to tie up with Coinbase to boost digital payments for institutional clients
Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the US bank’s institutional…
Business
Citigroup opens Riyadh HQ as Wall Street CEOs forge deeper Saudi ties
he firms join several other international financial giants, including Morgan Stanley and BlackRock, in securing an HQ license and moving…
Business
Citigroup plans to pull lead from LME Singapore warehouses
Companies that deliver metal for rent deals do not have to retain ownership of the metal Citigroup is planning to withdraw large amounts…
Business
Citigroup sees investment-banking fees, markets up mid-single digits
Volatility has whipsawed global markets since US President Donald Trump announced tariffs on trading partners around the world Citigroup…
Business
Citigroup considers custody and payment services for stablecoins, crypto ETFs
Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy…
Business
Citigroup lifts S&P 500 year-end target to 6,600
Citigroup raised its year-end target for the S&P 500 index to 6,600, betting on US President Donald Trump’s tax and spending bill boosting…
Business
Citigroup hiring for Asia rates, prime teams on hedge fund flows
Citigroup plans to increase headcount in its Asia rates and prime businesses by 5 to 10 per cent over the next year to cope with booming…
Business
Citigroup backs silver to soar just as gold’s rally loses steam
Silver will extend a rally beyond US$40 an ounce in the coming months on tightening physical supplies and growing investment demand,…
Business
Citigroup looks to issue its own stablecoin to smooth payments
Citigroup is considering issuing its own stablecoin, positioning the company as a possible early mover in the push by traditional banks to…
Business
Citigroup shares hit highest since 2008 after profit beat, buyback plan
Citigroup’s shares briefly touched their highest since the 2008 financial crisis after the bank beat Wall Street estimates for…
Business
Citigroup sets mid-2026 target of 1,150 for MSCI’s global equity index
The brokerage’s expected year-end EPS growth of above 11% for the ACWI falls below consensus estimates GROUP on Friday (Jul 11) introduced…
Business
Citigroup expands in North Carolina, plans to add over 500 new jobs
Over 10 years, the firm will be able to be reimbursed for as much as US$8.9 million, according to the release Citigroup is adding 510 new…
Business
Citigroup sees bigger IPOs as private deals bulk up valuations
A wave of big initial public offerings (IPOs) is building as emerging growth companies stay private for longer and bulk up their…
Business
Former Citigroup traders drop Hong Kong lawsuit on cost concerns
Two former Citigroup traders in Hong Kong abandoned their employment lawsuits after weighing the costs and difficulties of taking it to a…
Business
Citigroup to partner with Swiss bourse in private markets push
Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for…
Business
Citigroup CEO says most business clients can absorb 10% tariffs
Citigroup CEO Jane Fraser said on Monday most of the bank’s business clients could absorb US tariffs of 10 per cent on the nation’s…