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…
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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…