Citigroup Inc.

US Investment Banking Returns To Spotlight

US Investment Banking Returns To Spotlight

The banking investments in U.S. have made a come back. Their patience is now rewarded. JP Morgan and Citi standout this third-quarter.

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Citi merges with Lazada in SE Asia trade

Citi, Lazada combine force for SE

The two prominent firms reveals a new partnership all over the key markets in Southeast Asia. The union of Citi gives region-wide promotions to its credit cardholders who are Lazada customers as well.

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Aerial Views Of Newcastle Coal Industry And Glencore Plc Coal Operations

Canadian Pension Fund to Acquire 40% Stake in Agriculture Unit of Glencore For $2.5 Billion

Glencore is possibly nearer to a deal with Canda’s largest pension fund to sell 40% stake in its agriculture business. CPPIB has agreed to pay $2.5 billion against a total valuation of $6 billion. However, there is no guarantee that the deal will surely take place.

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The logo CITI on the facade of a modern building. Citigroup...

Citigroup Study Report Suggests 30% Job Cuts In US Banking Industry By 2025

To tackle volatility in the US banking market, regulators are enacting new laws time to time directing to absorb new technologies. Adoption of automated technologies coupled with aggression by fintech startups. A recent Citigroup study predicts that US banking sector may witness 30% job cutts by 2025.

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Celebrity Sightings in New York City -   February 16, 2016

Time Inc. Joins the Bandwagon of Yahoo's Potential Buyers

Time Inc. which owns Sports Illustrated and People magazine to name a few, expressed its interest in buying Yahoo. It said that it is interested too in Yahoo's core business which reaches more than 1 billion users across the globe aside from taking into consideration the Reverse Morris Trust. The magazine company will vie with other giant companies including Verizon and AT&T. core business

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Verizon

Verizon plans to sell its business for $10 billion

Verizon Communications Inc. is considering to sell parts of its enterprise which could be worth as much as $10 billion. The company plans to focus on its core business.

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Comcast

Boutique banks to suffer most if Comcast-Time Warner Cable deal vetoed

Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge.

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Citigroup Inc

Citigroup planning to sell Prime Re - Bloomberg

Citigroup Inc (C.N) is planning to sell Prime Reinsurance Co, a unit created five years ago when the bank spun off its life insurance business, Primerica Inc (PRI.N), Bloomberg reported.

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Raytheon

Raytheon in talks to buy Websense Inc: Bloomberg

U.S. arms maker Raytheon Co is in talks to buy network-security company Websense Inc, owned by private-equity firm Vista Equity Partners LLC, Bloomberg reported citing people familiar with the matter.

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JPMorgan Chase & Co.

U.S. banks' buybacks, dividends may be no reason for shareholder celebrations

Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions’ financial engineering as any improvement in their health.

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JPMorgan Chase & Co.

JPMorgan tops list of risky banks: government study

JPMorgan Chase & Co bears the highest potential hazard to the financial system if it were to fail, a staff study released by a U.S. government research agency showed, providing a first-of-its-kind numerical risk ranking of U.S. banks.

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Citigroup

Citi profit plunges on legal settlements and fall in bond revenue

Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank's shares down more than 4 percent.

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Goldman Sachs

Goldman Sachs profit hit by weak fixed-income trading

Goldman Sachs Group Inc (GS.N) reported a 7 percent drop in fourth-quarter profit as sharp market moves in December hit its bond-trading business.

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Citigroup Inc

Citigroup makes last-minute cut in year-end bonuses for traders

Citigroup Inc (C.N) this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, according to a person familiar with the matter.

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Citigroup Inc

Citigroup seeking to sell Diners Club business in Japan with retail unit-sources

Citigroup Inc (C.N) on Friday told bidders for its Japanese retail banking operations that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said.

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