VENTURE CAPITAL POST

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.

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.

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.

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

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.

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.

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

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

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

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

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

Nigeria's state-backed "bad bank" AMCON has appointed Citi and Renaissance Capital to determine the value of three lenders it nationalised last year before deciding on the best way to privatise them.

Citi (NYSE: C) has been appointed by Phase4 Ventures, a leading London-based venture capital firm, to provide document safekeeping and fund administration services.