Citigroup Inc
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Goldman to begin fresh round of job cuts: report
Goldman Sachs Group Inc will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.
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Citigroup May Pay $7 Billion to Resolve US Mortgage Probes: Report
Citigroup Inc is close to paying about $7 billion to resolve a US probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, according to a source familiar with the matter.
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E-Commerce Giant Alibaba Hits Road to Promote Massive IPO
Chinese e-commerce giant Alibaba Group Holding Ltd's management kicked off its two-week IPO marketing blitz on Monday with an early morning presentation to the combined sales forces of its six underwriters.
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Citi Pulls Out of Consumer Banking in 11 Countries, Profit Jumps
The third-largest US bank, built with a series of acquisitions spanning back to the 1980s, has been trying to slim down since the financial crisis to be as profitable as rivals. It has shed hundreds of billions of dollars of bad assets.
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Citi to Pay $7 Billion to Settle Securities Investigation
Citigroup Inc has agreed to pay $7 billion to settle a US government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.
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Twelve Major Banks Seek Dismissal of Forex Price-Rigging Lawsuit
Twelve major banks asked a US judge on Friday to throw out a consolidated antitrust lawsuit accusing them of colluding to rig prices in the $5 trillion-a-day foreign exchange market, saying the plaintiff investors had failed to properly allege the existence of a conspiracy.
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MCX soars on market debut, fuels optimism
The Multi Commodity Exchange shares jumped 38 per cent on their debut buoyed by strong growth prospects
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Citi May Offer Bitcoin Futures Trading For Institutional Clients: Report
Media outlet Coindesk reported that Citi is awaiting regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange, citing a source within the bank
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Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
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Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
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These Three Women Made It to Chief Economist at Big Banks. Here’s How They Got There
Chief economist roles are a huge step on a career ladder. Here’s how Janet Henry, Catherine Mann, Michala Marcussen got there.
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Wall Street Banks to Face Fed Limits in Dealings With Each Other
Fed Chair Powell and Vice Chairman for Supervision Quarles have led efforts to rethink some of the banking rules
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JPMorgan Dethrones Citigroup to Become Biggest Currency Trader
JPMorgan became the world’s largest currency trader by market share, ending Citigroup’s four-year run at the top.
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Citi Says U.S. May Become World's Top Oil Exporter Next Year
U.S. may overtake Saudi Arabia to become the world’s biggest oil exporter next year, according to Citigroup Inc.
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Citigroup Reorganizes Credit Trading as Lathrop Takes Leave
Citigroup is restructuring its credit market, municipal securities and securitized market operations in a new unit.
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Goldman to begin fresh round of job cuts: report
Goldman Sachs Group Inc will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.
-
Citigroup May Pay $7 Billion to Resolve US Mortgage Probes: Report
Citigroup Inc is close to paying about $7 billion to resolve a US probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, according to a source familiar with the matter.
-
E-Commerce Giant Alibaba Hits Road to Promote Massive IPO
Chinese e-commerce giant Alibaba Group Holding Ltd's management kicked off its two-week IPO marketing blitz on Monday with an early morning presentation to the combined sales forces of its six underwriters.
-
Citi Pulls Out of Consumer Banking in 11 Countries, Profit Jumps
The third-largest US bank, built with a series of acquisitions spanning back to the 1980s, has been trying to slim down since the financial crisis to be as profitable as rivals. It has shed hundreds of billions of dollars of bad assets.
-
Citi to Pay $7 Billion to Settle Securities Investigation
Citigroup Inc has agreed to pay $7 billion to settle a US government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.
-
Twelve Major Banks Seek Dismissal of Forex Price-Rigging Lawsuit
Twelve major banks asked a US judge on Friday to throw out a consolidated antitrust lawsuit accusing them of colluding to rig prices in the $5 trillion-a-day foreign exchange market, saying the plaintiff investors had failed to properly allege the existence of a conspiracy.
-
MCX soars on market debut, fuels optimism
The Multi Commodity Exchange shares jumped 38 per cent on their debut buoyed by strong growth prospects
-
Citi May Offer Bitcoin Futures Trading For Institutional Clients: Report
Media outlet Coindesk reported that Citi is awaiting regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange, citing a source within the bank
-
Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
-
Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
-
These Three Women Made It to Chief Economist at Big Banks. Here’s How They Got There
Chief economist roles are a huge step on a career ladder. Here’s how Janet Henry, Catherine Mann, Michala Marcussen got there.
-
Wall Street Banks to Face Fed Limits in Dealings With Each Other
Fed Chair Powell and Vice Chairman for Supervision Quarles have led efforts to rethink some of the banking rules
-
JPMorgan Dethrones Citigroup to Become Biggest Currency Trader
JPMorgan became the world’s largest currency trader by market share, ending Citigroup’s four-year run at the top.
-
Citi Says U.S. May Become World's Top Oil Exporter Next Year
U.S. may overtake Saudi Arabia to become the world’s biggest oil exporter next year, according to Citigroup Inc.
-
Citigroup Reorganizes Credit Trading as Lathrop Takes Leave
Citigroup is restructuring its credit market, municipal securities and securitized market operations in a new unit.
