JPMorgan mulls crypto-backed loans amid regulatory shift
JPMorgan Chase is considering offering loans backed by cryptocurrency holdings such as bitcoin and ethereum as…
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citibank
Syria eyes 1st US bank transaction within weeks
Syria expects to complete its first financial transaction with a US bank within weeks, Central Bank Governor…
Climate nonprofit sues EPA, Citibank over $7b in frozen funds
Environmental nonprofit Climate United Fund sued the US Environmental Protection Agency (EPA) and Citibank on…
Two bankers charged in $2.2b Singapore money laundering case
Two former bankers in Singapore were charged on Thursday for aiding a group of foreigners in laundering $2.2…
CBE mourns prominent bankers Hatem Sadiq, Gamal Muharram
With deep regret and sorrow, Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, and his deputies mourn the…
Citigroup raises CEO’s 2022 pay to $24.5mln
Leading bank Citigroup increases first female CEO of a major Wall Street bank, Jane Fraser’s compensation by nine…
Egypt offers initial price by 11.625% of USD dominated sukuk
Egypt offered a preliminary indicative price of around 11.625 percent for benchmark-sized USD sukuk with a…
Citi to shut consumer banking operations in Russia
Citibank will close its consumer and commercial banking businesses in Russia starting this quarter and expects to…
Citibank tops 70% of Egypt custodian service market share
Citibank has grabbed between 60 percent and 70 percent of Egypt’s custodian service market share, said country…
Egypt’s NBE bank signs $750 mln financing deal with global banks
National Bank of Egypt (NBE), the country's largest state bank, reached a $750 million financing agreement with a…
CIB seizes lion’s share of credit card portfolio in Egypt
The Commercial International Bank (CIB) seized lion's share of Credit Card in Egypt's banking market after…
Citibank celebrates four decades of continuous presence in Egypt
Citi Group hosted Sunday an event at the Four Seasons Hotel Cairo at Nile Plaza to celebrate the bank’s 40th…
Citi finalises Egypt retail business deal with CIB late October
Citigroup announced Saturday it will transfer all its consumer banking business transactions in Egypt to the…
Egypt’s CIB buying Citibank’s local retail operations
Egypt's Commercial International Bank, the country's largest private-sector bank, has signed an agreement to…
Facebook Price Target boosted to $97 on Video Ads Growth
Citibank raised its price target on Facebook Inc.'s FB, -0.08% stock to $97 from $91 at Citibank on Thursday.…
Finance Ministry Seeks Technical Support For Sukuk From CitiBank
The Egyptian Ministry of Finance will meet on Tuesday officials from CitiBank for the fourth time to discuss…
Egypt-Turkey Clearing House Alliance Awaits Joint Trading Activation
Egypt and Turkey will be soon finalizing the transfer mechanism of funds and securities as soon as the expectant…
Citibank Becomes First Bank In CEMEA Region To Launch Visa Signature Premium Credit Card
True to its vision for innovation and client excellence, Citibank, a member of Citi, will be the first bank in…
Citigroup To Cut 11,000 Jobs, Take $1 Bln Charge
Vikram Pandit hired thousands of employees and invested billions of dollars as he sought to boost Citigroup Inc.…
Citi Fined $2 Mln Over Facebook IPO, Fires Two Analysts
Citigroup fired its top Internet analyst, Mark Mahaney, and paid a $2 million fine to a Massachusetts regulator to…
Citibank Disputes It Hid Dewey’s Financial Woes From Ex-Partners
Citibank is fighting claims the bank "fraudulently induced" former Dewey & LeBouef partners into signing up for…
U.S. Companies Eye Egypt For Investment
More than 100 senior executives from dozens of U.S. companies, representing finance, energy, technology and other…
Ex-Citigroup Executive Sentenced To 8 Years For Embezzling US$ 23 Mln
Ex-Citigroup Inc. (C) Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23…
Citi Group: Selling Lebanese T-Bills On Syria Unrest
Citi Group said that the sell-off witnessed by Lebanese sovereign assets following clashes reflects an…
Citibank Bahrain Launches Mobile Banking Service
Citibank Bahrain launched Citi Mobile, a banking service that allows customers to access their bank accounts using…
Citigroup Expects $700m Charge As It Trims Stake In Akbank
Citigroup Inc. (C), the third-largest U.S. bank by assets, expects an impairment charge of $700 million in the…
Citigroup Sells Shanghai Bank Stake for $349m
Citigroup Inc. says it has sold its 2.71 percent stake in Shanghai Pudong Development Bank for an after-tax gain of…
Citibank’s Malinda Dee convicted in fraud case
An Indonesian court convicted on Wednesday a former relationship manager with Citibank of money laundering in a…
Citi Launches Prepaid Visa Cards in Egypt
Citi today announced that its Global Transaction Services business has launched Prepaid Visa Card Services in…