Citi Financial News

UBS Private Wealth Management is expanding in New York City as it welcomes a new team from Goldman Sachs. On Friday, UBS announced the addition of Regina Bronson and Alex Gitomer as managing directors and private wealth advisors, highlighting the duo’s vast experience and commitment to servicing ultra-high-net-worth clients.

Paris FC, perpetually under the shadow of the city's star club Paris St-Germain, has been getting 'good results' since it started the move five months ago. This, after Germany's 2nd div side Fortuna Dusseldorf introduced the practice. Money these clubs lose on ticket sales is made up by fuller stands that bring in greater merchandise and sponsorship revenue.

Pulte Capital CEO Bill Pulte discusses the impact of inflation on the housing industry.

Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per share, a year earlier. «Last month marked the end to the organizational simplification we announced in September,» CEO Jane Fraser said in a statement. «The result is a cleaner, simpler management structure that fully aligns to and facilitates our strategy.» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-articl

Future Group promoter Kishore Biyani has settled dues worth Rs 571 crore to lenders of Bansi Mall Management Company by making a one-time settlement of Rs 476 crore, a recovery of 83% for the creditors. The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the country’s first mall, having opened in late 1990s in south Mumbai's Haji Ali locality. The recovery from Future Group is a rare success story for banks who had suffered loan write-offs and losses in several cases previously.

HashKey Group COO Livio Weng is reportedly concerned Hong Kong’s recent regulations around crypto trading may impede access for international clients.

Former Fosters Freeze assistant general manager Monica Navarro reacts to the sudden closure and how others are responding on 'The Bottom Line.' 

Godrej Properties share price has more than doubled in last one year giving multi bagger returns to the investors. The stock remains in news on strong sales numbers seen in FY24. As per release by Godrej Properties in Q4 of FY24, Godrej Properties' bookings increased 135% YoY to exceed ₹9,500 crore.

Canadian homes will be nearly 10 per cent more expensive at the end of 2024 than they were the year before, according to a new report.

real estate and her engaging presence on the television show Shark Tank. Her noteworthy achievements and areas of expertise have become a focal point of study in numerous management schools. As aspiring entrepreneurs and finance professionals seek to understand her investing style and unravel the secrets of her business acumen that led to her success, she remains a subject of keen interest and analysis.

Investors keep the faith in Indian social startups, eye GenAI models Among the FinTech sector, the 'Alternative Lending' segment accounted for almost 89% of the total funding in the first three months of 2024. The 'Alternative Lending' firms clocked $491 million during this period, Tracxn mentioned. Credit Saison emerged as the top-funded company in the 'Alternative Lending' segment, receiving $144 million in a Series D round in Q1 2024.

tech companies in the US added an estimated 6,000 workers last month. Indian IT giants have established a robust presence in the US, with Tata Consultancy Services (TCS) employing 50,000 people, Infosys 35,000, HCL Technologies 24,000, Wipro 20,000, and LTI Mindtree 6,500. Together, these companies contribute around 2% to the US tech industry workforce, as per an HDFC Securities report. The widespread presence of these firms across various US locations positions them advantageously for the ongoing demand recovery. The surge in job growth has been primarily driven by hiring in technology services, software development, and cloud infrastructure. In March, US employers posted 191,000 new job openings for tech positions, marking an increase of 8,000 from the previous month and the highest volume since August 2023.

JM Financial raised its price target on Zomato to Rs 260 from Rs 200 while maintaining a Buy rating on account of the company’s quick commerce business Blinkit’s exponential growth. “Zomato’s Blinkit quick commerce business is growing rapidly with no signs of slowing. Recent reports indicate the company will increase investments, likely after Blinkit achieves break-even EBITDA in 1QFY25. This will likely lead Blinkit to surpass Zomato’s food delivery business in size and build long-term competitive advantages.” says Swapnil Potdukhe of JM Financial.

Savills India data. Despite occasional disruptions and sporadic inflation, India has demonstrated resilience, outpacing comparable economies with a growth rate of 7.2% in FY23 and promising projections for the future. The real estate sector, constituting about 7.3% of India's GDP, has undergone notable transformations, especially in its financing landscape post-pandemic, with renewed confidence from private equity funds. “To drive further growth, we must expand our asset pool and enhance the investor-friendly environment. Simplifying regulations and addressing sector-specific challenges are crucial for boosting investor confidence and unlocking new opportunities. With a promising economic outlook and conducive policies, India's real estate is sure to tread the growth path,” said Arvind Nandan, Managing Director, Research & Consulting, Savills India.

Vietnam, however, it is rare in financial crime cases and for someone this well known. Lan was involved in the 2011 merger of the troubled Saigon Joint Commercial Bank, or SCB, with two other lenders in a plan coordinated by Vietnam’s central bank. According to the government documents, Lan is accused of using the bank for personal gains, illegally controlling it between 2012 to 2022.

Russian police have seized over 3,200 crypto mining rigs in raids on four large “illegal” data centers in Siberia.

Mayor of London candidate Brian Rose announced plans on Wednesday to give city residents £100 worth of a new crypto token if elected as part of his plans to make the capital a “crypto-friendly city.”

New York City officials have approved a plan to build a 25,000-seat stadium for Major League Soccer’s New York City Football Club next to the New York Mets’ stadium, Citi Field

Arax has just taken a massive step to expand its wealth management capabilities with a deal in Texas. The wealth firm announced the incorporation of U.S. Capital Wealth Advisors, a step that elevates Arax’s assets under management to more than $16 billion.

For the majority of Canadians who don’t own property, the dream of homeownership is feeling elusive, a new CIBC report suggests.

Reporters Without Borders says one of its representatives was denied entry into Hong Kong, calling it a “new decline” in the city’s press freedoms