Citi Financial News

29.09 / 04:21

Citi Валюта CNY Speculation NOT 'Do not bet': China's central bank warns against yuan speculation

BEIJING — The People's Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week.

28.09 / 22:03

Citi CEO NOT Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations

Ken Griffin, Citadel's founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes.

28.09 / 17:24

Citi Lowe's Stanley Druckenmiller sees 'hard landing' in 2023 with a possible deeper recession than many expect

Billionaire investor Stanley Druckenmiller believes the Federal Reserve's aggressive tightening measures will tip the U.S. economy into a recession.

28.09 / 17:05

UPS Citi market volatility Kwarteng tells bankers to expect Big Bang 2.0 despite market volatility

Chancellor Kwasi Kwarteng told leading bankers he was committed to fiscal discipline in a 28 September meeting, as the pound continued to slump and experts warned over the state of the economy, and that his plans to free up the City post-Brexit remained on track.

28.09 / 16:33

Citi Fallout City reels from pound spiral as Kwarteng’s credibility in doubt: ‘The onslaught will continue’

The City continues to reel from volatile trading in the pound, as new chancellor Kwasi Kwarteng reportedly seeks to reassure bankers while the Bank of England intervenes in bond markets.

27.09 / 20:05

Citi Citigroup Citigroup hires Credit Suisse’s Jens Welter to co-head European investment bank

Citigroup has tapped one of Credit Suisse's top dealmakers to co-head its investment banking unit in Europe, as the Swiss bank continues to lose banking talent amid a broader shake-up.

26.09 / 12:21

Citi CEO Platform Hong Kong Slips Down the Crypto Hub World Rankings - Can it Get Back to Winning Ways?

With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry, as indicated by local observers.

25.09 / 01:35

Citi pension Kwarteng’s tax cut for City’s wealthiest could sting pension savings

The City's wealthiest are set to benefit the most from cuts to income tax in chancellor Kwasi Kwarteng’s mini-budget, but there's a sting in the deal for pension savings.

23.09 / 15:35

Citi CEO City healthcare champion Aisling Burnand dies aged 57

Aisling Burnand CBE, the City healthcare champion and former chief executive of the Association of Medical Research Charities has died from bowel cancer, aged 57.

23.09 / 15:35

Citi pension Kwarteng’s tax cut for City’s wealthiest could sting pension savings

The City's wealthiest are set to benefit the most from cuts to income tax in chancellor Kwasi Kwarteng’s mini-budget, but there's a sting in the deal for pension savings.

23.09 / 15:35

Citi Bankers face salary cuts and a return to Darwinism as bonus cap lifted

Scrapping the bonus cap for City workers will transform how banks pay their staff, and could lead to widespread salary cuts that bankers accustomed to years of higher fixed pay will resist.

23.09 / 13:23

Citi Provident Digital Williams This Crypto-Friendly Bank is Suing the Fed and Why a Win Would Be Hugely Price-Positive for Digital Assets

U.S. digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (FED) Board of Governors and the Federal Reserve Bank of Kansas City over “unlawfully” delaying its application for a master account with the FED. The bank received major backing earlier this week after seven U.S. Congressmen submitted a friend of the court brief. The lawmakers urged a Wyoming court to dismiss the FED’s motion to dismiss the lawsuit.

23.09 / 09:23

UPS Citi BlackRock NOT BlackRock told not to backtrack on climate commitments as New York City ups ESG pressure

The official responsible for New York City’s public pension funds is pressing BlackRock to recommit to achieving net-zero emissions across its investment portfolio.

22.09 / 13:22

Citi Citizens Strategy Bitcoin South Korean Taxman Has Seized $186m Worth of Crypto from Tax Dodgers in Past 2 Years, Says Gov’t

South Korean tax authorities have seized over $186 million in crypto from tax-evading individuals since 2021.

22.09 / 02:05

COST Citi CEO Rescue Why Truss must focus on the City to rescue the economy

David Postings is CEO of UK Finance

21.09 / 13:45

Citi Digital Top Nomura banker Steven Ashley steps down to run digital assets unit

Steven Ashley, Nomura’s most senior banker in the City, is stepping down from his role as head of its wholesale unit to lead the Japanese bank’s new digital assets company.

21.09 / 05:57

Citi Target businesses European businesses are rethinking their plans for a 'closed' China

BEIJING — European businesses in China are revaluating their market plans after this year's Covid controls further isolated the country from the rest of the world, said Joerg Wuttke, president of the European Union Chamber of Commerce in China.

20.09 / 18:51

Citi Target Citigroup Citi sets new Black employee target at 3% for UK

Citigroup is aiming to increase its proportion of Black employees in the UK to 3% over the next three years, as part of a raft of new diversity targets.

18.09 / 08:51

UPS Citi Decentraland NOT Decentraland’s elation may not last long given MANA’s current capacity

Decentraland [MANA] managed to stri up social activity in past days on the back a huge announcement. The top-tier of the Spanish football league, LaLiga, struck a strategic partnership with tech firm StadioPlus.

17.09 / 09:49

Citi Booking Barry Eichengreen: The long shadow of Black Wednesday still hangs over the City

Barry Eichengreen, professor of economics at the University of California, Berkeley, is a former senior policy adviser at the International Monetary Fund. He is the author of many books, including In Defence of Public Debt

16.09 / 16:27

UPS Citi Citigroup Trading Places: Citi’s Malaga launch, Goldman gears up for cuts, Linklaters splashes the cash

Citigroup formally launched its new hub for junior bankers in Malaga this week, kicking off a programme designed to combat brutal long hours in dealmaking. After fielding more than 3,000 applications for its new graduate scheme in the coastal city in southern Spain, which is better known for its beach resorts than its banking talent, the US bank has now hired 27 analysts from an original stated target of 30 juniors, a spokesperson confirmed.

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