Citi Financial News

The private operator of Puerto Rico’s power grid has confirmed the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory

The Biden administration announced new steps to increase access to affordable housing

A fire likely sparked by exploding lithium batteries has swept through a manufacturing factory near South Korea’s capital, killing 22 mostly Chinese migrant workers and injuring eight

As we reported several times a few months ago, Deutsche Bank's London rates trading team appears to have sprung a leak. Varioussenior people have left, including Hemish Shah and Kilian Frensch, both of whom have found a new home in Nomura. 

Bank of Americaindicated in February that it wanted to build out its European equity derivatives business this year. Accordingly, it has just made a mid-level equity derivatives hire from Morgan Stanley. At the same time, though, it lost a senior equity researcher to Citi, where one of it former equities stars is now heading research globally.

Nacho Gutiérrez-Orrantia has got a new job at Citi. What does he do there? He is many things. 

If you're exhausted by the contemplation of working 80+ hours a week as a junior banker, then think upon Jake Carraway, a 26-year-old associate on Barclays' New York financial sponsors team. Carraway works all week at his day job and then spends evenings and weekends as a professional athlete, training for and playing pro-Lacrosse matches with the Philadelphia Waterdogs. 

Citi's US equities franchise has had a spate of bad press recently in light of complaints about the culture there from multiple female employees, includingmanaging director Ardith Lindsey. Those complaints have been refuted by Citi. They don't seem to be preventing new employees, including senior women, from joining. 

A core belief, shared by all investor relations departments of the world’s biggest banks, seems to be that people hate banks and don’t want to invest in them.  Consequently, whenever you get the chance to present to investors, you have to pretend to be something else.  This is the likely source of the common delusion among bank management teams that they are “actually a retailer”, “actually a technology company” or “actually a utility”.  If you can fool the market that you’re not really in the unpopular business of banking (or even worse, investment banking), they might assign a higher multiple to your earnings and the share price will go up. ✨

hilsa ecosystem in the Ganga estuary. The use of fine mesh nets, which trap even the smallest fish, is described by many as an act of temporal greed. This unsustainable practice is pushing the hilsa population to spawn in Bangladesh, where catching juvenile hilsa is a punishable offense. While larger hilsa weighing between 400 g and 600 g are also caught, their numbers are significantly lower.

Naukri.com. Vacancies for HR generalists surged 53% and that of operations managers by 45%. Full stack data scientists also reported a 36% rise, reflecting rising demand for data-focused roles.

Krisumi Corporation, a NCR-based real estate developer, will invest Rs 2000 crore in Phase 3 and Phase 4 of Krisumi City comprising 1051 luxury units in Sector 36A, Gurugram. The project will have a total developable area of 2.3 million square feet. In addition, Krisumi will develop a club over 2 acres, with a built-up area of approximately 1,60,000 square feet in Sector 36A, Gurugram, entailing an investment of Rs 350 crore. «We see ourselves not just as a real estate company but as a hospitality company aiming to deliver a 5-star lifestyle to the residents of Krisumi City,» said Mohit Jain, Managing Director, Krisumi Corporation. The company has received 1024 expressions of interest to buy, for our 1051 apartments available.

Cab drivers and bikers at red lights in June in Tehran tap away furiously on their mobile phones, ignoring police officers

Non-Resident Indian (NRI) investors. The NDA's consistent emphasis on economic reforms, infrastructural development, and ease of doing business has historically resonated well with the investor community.This new tenure promises to build upon these foundations, potentially offering numerous opportunities for NRI investors.

The price change in 24 carat gold in the last one week has been -1.59% .whereas in the last month it has been -1.95%.The cost of silver is Rs.90850.0 per kg Gold Price Today in Chennai is ₹74274.0/10 grams. Yesterday’s Gold Price on 23-06-2024 was ₹74274.0/10 grams. and last week’s gold price on 18-06-2024 was ₹73806.0/10 grams.

China says it has banned a number of business units of American aviation maker Lockheed Martin Corporation and three of its executives over arms deals with Taiwan, the self-ruling island it claims as its own territory

Ukraine is experiencing rolling blackouts as Russia intensified strikes targeting energy infrastructure over the past three months

A major power outage has hit the Western Balkans as the region swelters in an early heat wave that has sent temperatures soaring to up to 40 degrees Celsius, or 104 degrees Fahrenheit

Taylor Swift fans enjoy parsing the singer-songwriter’s lyrics for references to her romantic life and insights into her state of her mind

Rio de Janeiro is famous for its beaches and vibrant parties in the Southern Hemisphere’s summer

The Volkswagen Beetle may have been born in Germany, but the “Bug” is king in a neighborhood on the fringes of Mexico City