Citi, BofA left with some Barclays stock after Qatari stake sale –sources
By Pablo Mayo Cerqueiro and Anousha Sakoui LONDON (Reuters) – Citigroup and Bank of America were left holding some shares in Barclays after they could not identify enough demand for a 510…
Citi, Goldman, BofA in talks with regulators over texting fine – Bloomberg
(Reuters) – Citigroup, Goldman Sachs and Bank of America are in discussions with regulators to pay around $200 million each in fines over failing to monitor employees’ use of unauthorized messaging apps,…
UK food price inflation set to hit 20%, Citi forecasts
LONDON – British food price inflation looks on course to hit 20% in the first quarter of next year, U.S. bank Citi predicted on Wednesday after the latest official data pointed to…
Citi in talks to buy Deutsche Bank Mexico – Bloomberg Law
(Reuters) – Citigroup Inc is weighing a deal to buy Deutsche Bank AG’s Mexican bank, Bloomberg Law reported on Tuesday, citing people familiar with the matter. Citi is planning to set up…
Citi promotes Asia-based banker Valderrabano as global wealth COO
By Selena Li HONG KONG – Citi has appointed Valentin Valderrabano as its new chief operating officer (COO) for Citi Global Wealth, effective in July, according to an internal memo reviewed by…
Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa
LONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four times that…
UniCredit, Citi consider swapping assets with Russian institutions – FT
(Reuters) – UniCredit SpA and Citigroup are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday.…
FedEx has ‘lucrative backdoor’ to bigger role in e-commerce, says Citi
(Reuters) – FedEx Corp can boost its profit by $1 billion annually if the delivery giant leverages its ShopRunner buyout and its partnership with Microsoft to deepen its e-commerce presence and cater…
Citi names M&A specialists to lead Australia, New Zealand advisory unit
(Reuters) – Citigroup Inc on Monday named Tony Osmond as chair of its Banking, Capital Markets and Advisory (BCMA) unit in Australia and New Zealand, and Alex Cartel to be the unit’s…
Citi expects revenue in Brazil to grow 50% over the next 3 years
SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit said on Tuesday, adding that demand for…
BoFA, Citi expect multiple 50-bps Fed hikes this year as inflation bites
LONDON/NEW YORK – Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest rate increases from the U.S. Federal Reserve…
Citi global co-head of markets Lathrop to depart
NEW YORK – Citigroup Inc said on Thursday in a memo that Carey Lathrop, global co-head of markets, will leave the bank and Andy Morton, who has been sharing the post with…
Banorte wants to lead Mexicans to ‘recover’ Citi unit, if sale conditions are favorable
MEXICO CITY – Mexican banking institution Banorte will invite Mexicans to “recover” Citigroup’s retail unit in the country, which is set to go up for sale in coming months, if Banorte decides…
Citi plans 900 hires for commercial bank over next three years
– Citigroup Inc said on Monday its unit Citi Commercial Bank (CCB) will hire 900 staffers, including 400 commercial bankers, over the next three years in a bid to fast-track its growth.…
U.S. SEC investigates Citi over unapproved employee communications
– Citigroup became the latest bank to be probed by the U.S. Securities and Exchange Commission in an industry-wide enquiry over employees using communication channels not approved by the company, it disclosed…
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