Investment banks

Citigroup to Complete Sweeping Overhaul This Week After Laying Off 5,000 Employees

Citigroup has entered the final phase of an extensive overhaul to streamline its operations and enhance performance.


Citigroup Sells Most Non-US Consumer Businesses as Its Biggest Overhaul Progresses

Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China...

South Korea Announces $313 Billion Funding for Projects to Fight Climate Change

South Korea has committed to providing 420 trillion won ($313.4 billion) in policy loans to finance projects that will help the country meet its climate goals...

Reddit Set to Make Public Debut; Why This Might be a Good News for Investment Banks?

On Sunday, sources indicated Reddit's IPO is four to five times oversubscribed, making it more likely to reach its $6.5 billion valuation...


Latest News

Thailand's PTT not bidding for Shell's petrol stations in Australia -official
A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling
Singapore's OCBC unveils $100M China private equity fund
Singapore's Oversea-Chinese Banking Corp. Ltd. recently launched a $100 million private equity fund to invest in onshore Chinese companies over the next five years. The said fund will managed by OCBC
JPMorgan picks up stake in US trading platform Chi-X Global
US-based multinational banking and financial services firm JP Morgan Chase & Co purchased an equity stake in alternative trading systems operator Chi-X Global Holdings LLC for an undisclosed sum.
JPMorgan to pay $2.6 billion to US government, victims related to Madoff Ponzi scheme
Investment bank JPMorgan Chase & Co. has agreed to a $2.6 billion settlement with the US government and victims of the Bernard Madoff Ponzi scheme. Government prosecutors alleged that JPMorgan failed
Goldman Sachs infrastructure fund sells 49pct stake in SSA Marine's parent company
GS Infrastructure Partners, controlled by investment bank Goldman Sachs Group, has sold its 49% stake in FRS Capital Corp., the ultimate parent company of SSA Marine. SSA Marine is one of the world's
Northwestern Mutual mulls over sale of subsidiary Russell Investments -sources
Northwestern Mutual Life Insurance Co. is reportedly looking to sell its asset management business Russell Investments, citing that it is not a core part of its business. Russell Investments has $247
Sources say Deutsche Bank hires Goldman Sachs Group Inc's Malaysia chairman for corporate finance
Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country
Grupo BTG Pactual says Brazil's 2014 presidential elections will curtail M&A activity
Sao Paulo-based investment bank and asset wealth manager Grupo BTG Pactual said Brazil's presidential elections scheduled in October 2014 will curtail the mergers and acquisitions activity this year,
Lenders oppose American broadband company LightSquared's new financing arrangement
Some of LightSquared's lenders, including US Bank and MAST Capital Management,are against its decision to seek a new financing arrangement with Fortress Investment Group as part of its bankruptcy exit
Investment banks offer avoidance advice, as activist investors amass wealth for efforts
With activist investors amassing wealth because of their campaigns, investment banks are now providing clients investment advice that would enable companies to anticipate and foil the efforts of activ
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