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…
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Citigroup Inc.
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)…
