Goldman Sachs slashes China’s ’24 economic growth
Global investment banks Goldman Sachs and Citigroup have revised their full-year projections for China's economic…
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Citigroup Inc.
HSBC acquires China’s Citigroup’s consumer wealth portfolio
HSBC boosts its presence in mainland China by acquiring Citigroup's consumer wealth portfolio, adding over 300…
S. Arabia raises $5b in sukuk
Saudi Arabia has successfully raised $5 billion through the issuance of dollar-denominated sukuk, aiming to address…
Mastercard, US banks test tokenised settlement
Mastercard Inc. is teaming up with some of the largest US banks to explore shared-ledger technology, enabling the…
Abu Dhabi raises $5b from eurobond market after 3-yr hiatus
Abu Dhabi has entered the Eurobond market for the first time since 2021, raising a substantial $5 billion in what…
Abu Dhabi to re-enter eurobond market after 3-yr absence
Abu Dhabi is entering the eurobond market for the first time in roughly three years, a move prompted by diminishing…
Swiss c. bank likely to cut rates
A small group of banks anticipate that Switzerland's policymakers will defy predictions and decrease interest…
Zee shares drop 33% after Sony calls off deal
Zee Entertainment Enterprises Ltd. witnessed a drop of 33 per cent after Sony Group Corp. announced the termination…
S. Arabia borrows $12bln in bonds
Saudi Arabia has raised $12 billion from foreign debt, marking its biggest borrowing since 2017, during a…
Citigroup predicts U.S. Fed to soar interest rate in Nov
Citigroup expects the U.S. Federal Reserve (the central bank of the United States) to raise its key interest rate…
US banks save up reserves after First Republic Bank rescue
JPMorgan Chase and Co, Wells Fargo & Co, Citigroup Inc and Bank of America are setting $100 million each in Q1…
JPMorgan, other U.S. banks flooded with clients post SVB crash
A huge number of customers have applied to shift accounts to large U.S. banks such as JPMorgan Chase &Co. and…
Citigroup fixes ‘technical issue’ that left accounts frozen
Citigroup Inc said on Friday it resolved a technical issue that had left customers unable to access their accounts…
Citigroup, U.S. Bancorp exit money-losing Brazil card venture
Citigroup Inc and U.S. Bancorp have agreed to sell Brazilian card payment processing joint venture Elavon do Brasil…
Citigroup’s Q1 results suggest tough year ahead
Citigroup Inc (C.N) reported a sharp decline in quarterly profit on Friday, hit by weak revenue, costs related to…
JPMorgan, Citi shareholders to vote on potential breakup plans
Shareholders of JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) will get to vote on whether their banks…
Citigroup receives subpoena from U.S. attorney in FIFA probe
Citigroup Inc. said it received a subpoena from the U.S. Attorney for the Eastern District of New York…
U.S. authorities question Citigroup about transactions in FIFA corruption probe
Citigroup Inc said it has received questions from U.S. federal authorities investigating the role of financial…
Pimco, others sue Citigroup over billions in mortgage debt losses
Pacific Investment Management Co and other investors have sued Citigroup Inc over the bank's alleged failure to…
U.S. Banks’ Buybacks, Dividends May be No Reason for Shareholder Celebrations
Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal…
Citigroup’s Past Losses may have helped it win Costco Business
Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for…
Goldman writedown of Portugal loan hurts profit, bonuses
Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the…
Egypt Debt Rally Missed by Outsiders Shows Al-Sisi Challenge
For all of the gains in Egypt’s financial markets since President Abdel-Fattah al-Sisi took over this year, one…
Egypt’s One Islamic Banking Woman CEO Chases Growth: Arab Credit
Abu Dhabi Islamic Bank PJSC (ADIB)’s Egyptian unit sees demand for Shariah-compliant finance picking up, expecting…
Wall Street Opens Lower, Citigroup Falls
Stocks opened slightly lower on Thursday, with the S&P 500 retreating from a record high as investors digested…
U.S. Stocks Cap Weekly Decline on Bets Fed Will Taper
U.S. stocks ended their longest streak of weekly gains in a decade as data on economic growth and manufacturing…
Citigroup to BofA Spurn Treasuries to Hoard Cash on Taper Risk
Never before have America’s banks been so wary of risking their cash deposits on U.S. government debt. After…
Apache’s Egypt Quandary Symbolizes Tough Business Call
Apache Corp (APA.N) faces a difficult choice in Egypt: whether to sell its substantial oil and natural gas…
SocGen Profit More Than Doubles on Investment Bank
Societe Generale SA, France’s second-largest bank, said second-quarter profit more than doubled, beating…
Barclays to Raise 5.8 Billion Pounds in Rights Offering
Barclays Plc (BARC), the U.K.’s second-largest bank by assets, said it will raise 5.8 billion pounds ($8.9 billion)…
Morgan Stanley Tops Analysts’ Estimates on Trading Revenue
Morgan Stanley (MS), owner of the world’s largest brokerage, reported a 66 percent earnings increase that beat…
Citigroup To Cut 11,000 Jobs, Take $1 Bln Charge
Vikram Pandit hired thousands of employees and invested billions of dollars as he sought to boost Citigroup Inc.…
China’s CNOOC Scoped Nexen, Partnered, Then Pounced
When Canada's Nexen Inc fired its CEO in January, an oil giant on the other side of the world sprang into action.…
Wall Street Seeks Patience After Worst 1st Half Since ’08
Wall Street’s five biggest banks reported the worst start to a year since 2008. They’re still asking investors to…
Foreign Banks Plan To Expand China Workforce By 56%, Pwc Says
HSBC Holdings Plc (HSBA) and Citigroup Inc. (C) are among foreign banks in China that plan to boost their combined…
Investor Sues Barclays On Euribor Manipulation
Barclays Plc (BARC) was sued by an investor who claimed her futures-trading business was harmed by the bank’s…
Ex-Citigroup Executive Sentenced To 8 Years For Embezzling US$ 23 Mln
Ex-Citigroup Inc. (C) Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23…
Citigroup Dismantles Committee Overseeing Toxic-Asset Division
Citigroup Inc. (C), the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board…
S&P 500 Hits Biggest Two-Day Rise in 2012
U.S. shares rose, giving the Standard & Poor’s 500 Index its biggest back-to-back advance in 2012, amid…
Four Banks Likely To Issue US$ 1.5 Bln Sovereign Bond In Dubai
Dubai has mandated four banks for a sovereign bond issue of up to $1.5 billion which may be launched as early as…