(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 provide sender information in international …
citi’s
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Business News
Citi’s Fraser warns U.S. debt ceiling debate has serious consequences
by Reutersby ReutersBEVERLY HILLS (Reuters) – Citigroup chief executive officer Jane Fraser said on Monday that debate about the debt ceiling in the United States had serious consequences even as the investing …
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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 to its high deposit betas, …
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Business News
Uralsib completes purchase of Citi’s Russian consumer loan portfolio
by Reutersby ReutersMOSCOW (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, as the major U.S. lender …
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Business News
Mexico president says two bidders remaining for Citi’s local retail bank
by Reutersby ReutersMEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday there are two remaining parties bidding to buy the Mexican retail arm of U.S. banking giant Citigroup …
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US and World News
Billionaires Slim, Larrea face off for Citi’s Mexico business – sources
by Reutersby ReutersBy Andres Gonzalez, David French and Saeed Azhar (Reuters) – Mexican corporate titans Carlos Slim and German Larrea are squaring off to acquire Citigroup Inc’s local retail arm after the …
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US and World News
Mexico’s Banorte drops out of bidding for Citi’s Banamex retail arm
by Reutersby ReutersBy 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 arm Banamex, leaving just a …
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Financial News
Citi’s fat-finger trade could cost bank more than $50 million – Bloomberg Law
by Reutersby Reuters(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 last month, Bloomberg Law reported …
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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 in buying out Citigroup’s consumer …
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Business News
DBS to announce purchase of Citi’s Taiwan consumer business -sources
by Reutersby ReutersTAIPEI -Singapore’s DBS Group will announce on Friday it is to buy Citigroup’s consumer finance business in Taiwan, two sources familiar with the matter told Reuters on Thursday. DBS and …