Data gathered by the US Federal Reserve showed a decline of over USD80 billion in nanks' holdings in federal agency bonds and Treasuries, marking its first annual decline since 2007.
Citigroup Inc.
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British insurer Aviva Plc and Turkey's Sabanci Holding have mandated Citigroup and HSBC to sell between 20 and 25 percent of Turkish life and pensions joint venture Avivasa Emeklilik & Hayat Sigorta in an initial public offering, two sources told Reuters on Friday.
A US district court has rejected Citigroup Inc.'s injunction barring Abu Dhabi Investment Authority (ADIA) from seeking a secondary arbitration over its USD7.5 billion investment in the then-beleaguered bank.
Chinese coal port operator Qinhuangdao Port Co. is seeking to raise up to USD717 million in a Hong Kong listing. The firm will be putting up for sale 829.9 million shares at HKD5.25 to HKD6.70 apiece.
New York's Sycamore Partners LLC is nearing a deal to acquire apparel retailer Jones Group Inc. The private equity firm is reportedly offering a price of USD16 per share, totaling the size of the deal to USD1.3 billion.
Seattle-based online clothes retailer Zulily Inc raised its initial public offering (IPO) price to USD22 per share above the previously expected range of USD18 to USD20 per share.
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.
Major banking institutions including JPMorgan Chase might have predicted the direction of the probe conducted by the Financial Conduct Authority in Britain.
Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.
Investment banks Citigroup Inc. and JPMorgan Chase & Co. put their top London currency dealers after regulatory probe.
Richard Usher put on leave, Citi's chief Roham Ramchandani follows.
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
A Wall Street Journal report said that Citigroup and State Street were already preparing for a possible debt default by the US government.
Citigroup Inc. had hired Leopoldo Attolico and Pierpaolo di Stefano to run its investment banking operations in Italy, said a Bloomberg report.
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