Citi

Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup Inc. was fined £61.7 million ($79 million) by British regulators for failing to prevent a "fat finger" mistake worth $444 billion.

Read Full Article

Citi Announces 430 Job Cuts Across New York Offices, Spanning Multiple Divisions

Mmost of the layoffs are projected to affect Citigroup's primary banking unit Citibank, impacting a total of 363 individuals within the unit.

Read Full Article

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.

Read Full Article
Citigroup's Plan to Set up Securities Business in China Faces Delay

Citigroup's Plan to Set up Securities Business in China Faces Delay

Citigroup Inc. is reportedly facing delays in its plans to establish a fully-owned securities business in China.

Read Full Article

Samsung now supports Chase Banks and SunTrust

Korean biggest technology company, Samsung today announces that its Samsung Pay service is now accepting credit and debit card from Chase Banks. The new announcement set its service in par with other rivals such as Apple Pay and Android Pay.

Read Full Article

Citi faces headwinds in commodity trade finance, presses on with expansion

Citigroup Inc (C.N) and rivals in the commodity trade finance sector are facing headwinds of weak oil prices, sanctions on Russia and stiff competition, which have pressured fees.

Read Full Article

Citi posts highest quarterly profit in eight years as costs plunge

Citigroup Inc (C.N) reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off.

Read Full Article

Dubai's Mashreq interested in Citigroup's Egypt retail business

Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday.

Read Full Article

Citi's credit card business in Japan gets joint bid from three buyers: Nikkei

Three companies have emerged to make a joint bid for Citigroup Inc's (C.N) credit card business in Japan, the Nikkei reported, as the U.S. lender goes ahead with plans to exit consumer banking in the country.

Read Full Article

BNP asks other banks for help as dollar clearing ban nears

BNP Paribas has asked at least three banks to help it clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating U.S. sanctions, sources said.

Read Full Article

Germany's E.ON hires Citi to advise on asset sale

Germany's E.ON hired Citi to advise a sale of its assets in Spain, said sources familiar with the matter who told Reuters.

Read Full Article

Vista Equity Partners to acquire ACTIVE Network

Today, ACTIVE Network announced entering a definitive acquisition agreement with Vista Equity Partners in a deal priced USD1.05 billion.

Read Full Article

Top banks to get US$153 million from Barclays share sale

Barclays announced selling its shares to raise GBP5.8 billion to satisfy Britain's financial regulators demand.

Read Full Article

Citi analysts say Apple CEO Tim Cook is wrong

Analysts from Citi released a report that in 2015, the smartphone saturation would transpire.

Read Full Article

Jones Group Hires Citi To Explore Possible Sale

Jones Group, parent company of Nine West hired Citigroup to explore possible sale

Read Full Article
1 2

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics