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

UK shares rebound, Barclays leads the pack
The UK stocks, after suffering losses for three sessions in a row, rebounded. Barclays and other financial companies led the gains. After suspension of trading for a day, the trading in Barclays stock
Steve Cohen's hedge fund investing in trading talent
Reeling under pressure, the hedge fund segment is facing talent crunch to render its services more qualitatively. Considering the need of the hour, billionaire Steve Cohen-owned hedge fund Point72 Ass
Hedge funds betting on risks in US bluechips debt
The bonds are gaining momentum amid sluggish financial markets and uncertainty about the global economy. Majority of hedge funds are betting on the $4.5 trillion market as the safest for US corporate
Wall Street strategists lower S&P 500 estimates
Contrary to earlier bullish predictions for 2016, several Wall Street strategists have started lowering their forecasts on S&P 500 stocks. The Chinese economy slowdown, volatile oil prices and interes
ING's Q4 earnings beat forecast
The Dutch banking major ING Groep's revenues for the fourth quarter were above the analysts' forecasts. ING's exposure to the oil companies is putting pressure on its stock, which suffered 20 percent
Cheap oil benefits consumers, hits governments
The lower oil price for about 19 months is benefiting the consumers, but creating a lot of problems for the global governments and business firms. Many banks and the US government forecast oil price a
Oil price may rebound 50% in 2016
The latest forecast indicates 50 percent rebound in oil prices by the end of 2016. The oil price could be higher by $15 per barrel this year taking the New York crude to $46 a barrel by fourth quarter
It's too early to dump Chinese stocks, Citigroup tells investors
Citigroup holds view that it's too early to come to a conclusion about the state of the world's largest economy. It advises investors not to offload stocks over China. Citigroup in its latest research
Higher Capital Requisites In Basel III Rules Lead To Volatile Gilt Market In The UK
Introduction of risk based regulation centering Basel III accord has pushed up costs of fund. As an aftermath, the January 20 auction of the UK sovereign bonds has witnessed the lowest demand in nearl
Major banks funding Bitcoin startup on recording blockchain deals
A bitcoin startup Digital Asset Holdings has received funding from major banks. It will work closely with investors on research and commercialization of bitcoin technology applications. Digital Asset
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