New Zealand central bank warns Citi’s local unit over breach of international payments rule
(Reuters) – The Reserve Bank of New Zealand (RBNZ) said on Thursday it had issued a formal warning to Citigroup’s local unit for failing to …
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Citi’s Fraser warns U.S. debt ceiling debate has serious consequences
BEVERLY HILLS (Reuters) – Citigroup chief executive officer Jane Fraser said on Monday that debate about the debt ceiling in the United States had serious …
Citi’s high deposit betas to squeeze interest margins – Moody’s
By Mehnaz Yasmin (Reuters) – Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S. banks this year due …
Uralsib completes purchase of Citi’s Russian consumer loan portfolio
MOSCOW (Reuters) -Russian commercial bank Uralsib said on Monday it had completed the acquisition of a portfolio of consumer loans from Citigroup Inc’s Russian unit, …
Mexico president says two bidders remaining for Citi’s local retail bank
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday there are two remaining parties bidding to buy the Mexican retail arm …
Billionaires Slim, Larrea face off for Citi’s Mexico business – sources
By Andres Gonzalez, David French and Saeed Azhar (Reuters) – Mexican corporate titans Carlos Slim and German Larrea are squaring off to acquire Citigroup Inc’s …
Mexico’s Banorte drops out of bidding for Citi’s Banamex retail arm
By Valentine Hilaire MEXICO CITY (Reuters) -Mexico’s Grupo Financiero Banorte said on Friday it had pulled out of the bidding process for Citigroup’s local retail …
Citi’s fat-finger trade could cost bank more than $50 million – Bloomberg Law
(Reuters) – Citigroup Inc could record losses of more than $50 million after a London-based employee’s fat-finger trade caused a flash crash in European stocks …
HSBC ‘not looking to acquire’ Citi’s Mexico consumer bank
MEXICO CITY – Executives for London-based HSBC, which controls one of the largest banking operations in Mexico, have told investors the chain is not interested …