Citi Financial News
17.05 / 03:29
16.05 / 18:05
Citi
Citigroup
Citigroup launches new VC and family office team with Tobi Ali at the helm
Citigroup is launching a new team of dealmakers to focus on venture capital firms and family offices, the latest appointment within its European team servicing private equity firms and other alternative asset managers.
16.05 / 05:19
Citi
Reuters
Manufacturing
economic data
China's economic data disappoint in April as Covid controls weigh
BEIJING — China reported a drop in retail sales and industrial production in April — far worse than analysts had expected.
15.05 / 01:17
Citi
Trading Places: Magic Circle’s record promotions, banks poach for ESG and private markets
The City's banks and professional services firms had another busy week on the hiring front, trying to cash in on emerging trends and hold on to top talent.
14.05 / 21:07
Citi
Racing
net zero
FCA warns greenwashing risks trust in $1bn carbon market as firms race to net zero
The City watchdog warns that greenwashing could damage the trust needed to offset carbon in the race to net zero.
13.05 / 15:55
Citi
Racing
net zero
FCA warns greenwashing risks trust in $1bn carbon market as firms race to net zero
The City watchdog warns that greenwashing could damage trust needed to offset carbon in the race to net zero.
13.05 / 15:25
Citi
Trading Places: Magic Circle’s record promotions, banks poach for ESG and private markets
The City's banks and professional services firms had another busy week on the hiring front, trying to cash in on emerging trends and hold on to top talent.
13.05 / 09:03
Citi
Why bonuses tied to ESG could leave a ‘sour taste’ in the City
More City workers face bonus cuts for failing to meet environmental, social and governance goals, but recruiters and employment lawyers warn that unless such schemes are well designed, staff could be left frustrated at pay cuts for supposed ESG failures.
12.05 / 14:59
Citi
Why bonuses tied to ESG could leave a ‘sour taste’ in the City
More City workers face bonus cuts for failing to meet environmental, social and governance goals, but recruiters and employment lawyers warn that unless such schemes are well designed, staff could be left frustrated at pay cuts for supposed ESG failures.
11.05 / 17:53
Citi
Panmure Gordon is back in profit — Rich Ricci and Bob Diamond say potential hires ‘knocking on our door’
When former Barclays investment bank chief, Rich Ricci, took the reins at City broker Panmure Gordon two years ago, he promised to get “back to basics” at the firm that was struggling to stem losses of tens of millions of dollars as it expanded beyond its roots.
11.05 / 16:55
Citi
Panmure Gordon is back in profit — Rich Ricci and Bob Diamond plan to expand: ‘There are people knocking on our door’
When former Barclays investment bank chief, Rich Ricci, took the reins at City broker Panmure Gordon two years ago, he promised to get “back to basics” at the firm that was struggling to stem losses of tens of millions of dollars as it expanded beyond its roots.
11.05 / 15:49
Citi
Unite’s application for recognition by FCA rejected by arbitration watchdog
The Central Arbitration Committee has dealt a blow to Unite, the union that applied for legal recognition as the formal representative of employees at the City watchdog.
11.05 / 15:39
Citi
Panmure Gordon’s back in profit — Rich Ricci and Bob Diamond plan to expand: ‘There are people knocking on our door’
When former Barclays investment bank chief, Rich Ricci, took the reins at City broker Panmure Gordon two years ago, he promised to get "back to basics" at the firm that struggled to stem losses of tens of millions of dollars as it expanded beyond its roots.
11.05 / 11:25
Citi
FIVE
Compilation
Tesla
Shanghai's big automakers saw production plunge by 75% in April after lockdowns began
BEIJING — Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in the metropolis of Shanghai, according to a report from the China Passenger Car Association.
11.05 / 11:23
UPS
Citi
Asset managers with £6.5tn sign up to tackle diversity greenwashing
Schroders, Legal & General Investment Management and Aviva Investors are among 15 asset managers that have signed up to a new corporate culture standard designed to counter diversity greenwashing across the investment sector.
10.05 / 19:55
Citi
Threat
services
Financial
Weaponising financial services poses new threat to City exports
The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine have not had quite the devastating impact on the Russian economy that some predicted. But they are still expected to lead to a lasting shift in the international financial order.
10.05 / 18:43
UPS
Citi
Asset managers with £6.5tn sign up to tackle diversity greenwashing
Schroders, Legal & General Investment Management and Aviva Investors are among 15 asset managers that have signed up to a new corporate culture standard designed to counter diversity greenwashing across the investment sector.
10.05 / 12:51
Citi
committee
FCA staff committee co-chair steps down over pay changes
A co-chair of the staff body that represents employees at the City regulator has resigned after the Financial Conduct Authority did not adopt its suggestions over pay changes.
10.05 / 08:39
UPS
Citi
FIVE
More U.S. companies in China cut forecasts, scale back investments as Covid persists
BEIJING — More U.S. businesses in China are cutting revenue expectations and plans for future investment as Covid controls drag on, a new survey found.
09.05 / 23:05
Citi
Threat
services
Financial
Weaponising financial services poses new threat to City exports
The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine have not had quite the devastating impact on the Russian economy that some predicted. But they are still expected to lead to a lasting shift in the international financial order.
09.05 / 15:05
Blockchain
Citi
Dreams
Continental
Near Foundation
NEAR Foundation launches Kenyan blockchain hub
The hub will be dedicated to ongoing blockchain innovation, education and talent development throughout the African continent. Kevin Imani, founder of Sankore, will lead the hub, which will be comprised of events, an academy, an incubation program, and the Sankore Bounty ecosystem. Outside of Nairobi, NEAR will also be working in lesser-known cities in Kenya where no other Layer 1 blockchain has an established presence as yet.
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