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 with knowledge of the matter. The new wave…
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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 options they could offer up as an olive…
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 that it expects to post a roughly US$1.1 billion…
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 be an investment banker in Japan, with Citigroup…
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 team in Japan to capitalise on a record-breaking…
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 lead stocks from Singapore to Malaysia or Taiwan…
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 in Asia. Nicky Lam, formerly of Nomura in…
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 schedule for a goal it set for itself in February. The…
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 clients, to expand the offering to global clients in…
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 said that its third-quarter investment-banking fees…
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 changes in Washington are spurring major financial…
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 corporate earnings. This marks…
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 demand from customers including hedge funds,…
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, according to Citigroup, which reiterated a…
US banks JPMorgan and Citigroup see lower recession risk despite tariff fog
Large US banks reported results that topped estimates on Tuesday as executives pointed to American economic resilience and said businesses were adapting to tariff uncertainty. Executives…
Citigroup profit beats estimates on trading, deals windfall
Citigroup’s quarterly profit beat Wall Street estimates on Tuesday (Jul 15), as its traders brought in a windfall from turbulent markets and investment bankers gained from resilient…
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 its mid-2026 target for the MSCI All…
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 jobs in Charlotte, further cementing the…
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 valuations through secondary stock sales. “I don’t know if…
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 higher court, sources familiar with the matter…
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 investors to settle and store their private…
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 trading partners, but cautioned that companies…
Citigroup targets social finance deals in Asia as demand grows
Citi led 76 transactions in Asia last year, raising US$2.4 billion, according to the bank CITIGROUP said it expects social finance funding in Asia to rise by more than 10 per cent this…
Citigroup, BofA exit global climate-banking alliance
CITIGROUP and Bank of America said they are leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month. In a statement,…