Citi Financial News

16.09 / 13:21

UPS Citi gone Banker bonus cap: Going, going, gone?

New chancellor Kwasi Kwarteng is drawing up plans to ditch the UK banker bonus cap as part of plans for a ‘Big Bang 2.0’ to reinvigorate the City after Brexit.

16.09 / 05:41

UPS Citi Reuters Manufacturing China's retail sales, industrial production beat expectations in August

BEIJING — China reported data Friday that showed a pickup in growth in August from the prior month. The data also came in above expectations across the board.

15.09 / 19:21

Blockchain Citi Extreme AXY index There Are Some Major Surprises in the Global Crypto Adoption Index 2022

The newly released Global Crypto Adoption Index for 2022 by blockchain intelligence firm Chainalysis contains several surprises, with perhaps the most notable being that China remains a top 10 country for crypto adoption despite a ban on nearly all-things crypto.

15.09 / 18:09

UPS Citi end Why bankers don’t want the UK to ditch bonus caps: ‘We’ll end up with less’

Chancellor Kwasi Kwarteng's plans to ditch the long-standing cap on banker bonuses to make the City more competitive have been branded “beyond tone deaf” by fair pay advocates. But bankers don't like the idea either.

15.09 / 15:27

UPS Citi Citigroup clean energy Citi hires duo for European clean energy group as ESG talent war heats up

Citigroup has hired two senior dealmakers for its new team focused on clean energy transition, as large investment banks increasingly compete for ESG advisory talent.

15.09 / 15:27

UPS Citi boost Axing banker bonus caps could boost Kwarteng’s credibility, but the City jury’s still out on Truss

Despite all the boosterish talk and the pledge to deliver a Big Bang 2.0, the City has been braced for disappointment with the new Liz Truss government. After all, Boris Johnson had promised something similar and the delivery failed to live up to its billing.

15.09 / 10:27

Citi boost Bankers bonus cap could be scrapped to boost City

Chancellor Kwasi Kwarteng is pushing to axe the cap on banker bonuses in his latest stride towards a 'Big Bang 2.0' for the City, according to reports.

15.09 / 03:51

UPS Citi Job worries? Here's how China stacks up against the U.S. and other countries

BEIJING — More people in China and Brazil are worried about their jobs than in the U.S. and U.K., according to a survey by consulting firm Oliver Wyman released this month.

15.09 / 02:17

UPS Citi Continental City investment bank Numis eyes fresh European push from post-Brexit Dublin office

Numis, the traditionally City-focused investment bank, is gearing up to compete with larger rivals in continental Europe after opening its post-Brexit office in Dublin.

14.09 / 21:13

Blockchain Citi Digital Huobi Busan adds Huobi to list of digital exchange development partners

The South Korean city of Busan has added Huobi Global to its list of crypto exchanges that will help develop the city’s first Digital Currency Exchange.

14.09 / 14:25

Citi CEO Remark Monarch Why the City needs a refresh on its relationship with the EU

Nicolas Mackel is the CEO of Luxembourg for Finance, the development body for the country’s financial centre.

14.09 / 12:31

Blockchain Citi CEO Huobi Busan signs MoU with Huobi, gets more help for local crypto exchange

South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.

14.09 / 12:21

Citi Target Citigroup analysts Citi’s Malaga hub opens doors to 27 new analysts after 3,000 applications

Citigroup has formally launched its new hub for junior bankers in the Spanish city of Malaga, kicking off a programme designed to combat brutal long hours in dealmaking.

13.09 / 09:13

UPS Citi Target Weekend China's tourism revenue came in at 60% of pre-Covid levels this holiday weekend

BEIJING — China's tourism sector ended yet another public holiday with revenue well below what it was before the pandemic hit.

10.09 / 15:13

UPS Citi Action From plastics to planes: How has the planet changed in Queen Elizabeth II’s 70 years on the throne?

The Queen’s record-breaking 70-year reign spanned a period of huge social, technological and political upheaval.

09.09 / 17:27

Citi Queen’s City representative Sir Ken Olisa: ‘No one walked the talk as well as Her Majesty’

Over the course of her 70-year reign, the Queen was a huge “soft power” asset for business in London, according to one of the City figures who knew her best.

09.09 / 10:51

Citi Citigroup Hedge funds shouldn’t keep $500m Citi paid them by mistake, court rules

Hedge funds shouldn’t be able to keep roughly $500m they were mistakenly paid by Citigroup on a loan owed by now-bankrupt cosmetics company Revlon, a federal appeals court ruled on 8 September.

09.09 / 10:51

Citi JPMorgan BlackRock Monarch BlackRock, JPMorgan, Fidelity among City leaders paying tribute to Queen Elizabeth II

City leaders ranging from BlackRock to JPMorgan, Citi to Fidelity, have all paid tributes after the passing of Queen Elizabeth II.

08.09 / 22:31

Citi Williams Why the City’s grief will run deep for Queen Elizabeth

Nowhere will the Queen be more deeply mourned than in London's financial district. One of the places where a new sovereign is proclaimed is the City's Royal Exchange, where huge crowds gathered in silence to mark the accession of Queen Elizabeth II in February 1952.

08.09 / 22:01

Dogecoin Blockchain Citi USDT valuation Blockchain Gaming Juggernaut Hits $5.5B Valuation as Tamadoge Nears Price Increase

Blockchain gaming firm, Animoca Brands, has achieved a $5.5 billion company valuation following the completion of its latest fundraising round which attracted $75.3 million from investors, including Liberty City Ventures and Kingsway Capital.

08.09 / 14:07

Citi City enjoys love-bombing from Truss but caution remains over whether she will deliver

Ever since the global financial crisis, City bosses have complained that politicians don’t give financial services enough love. The attitude to one of the UK’s few world-leading industries has been at best lukewarm, they moaned.

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