Citi Financial News

Financial News was founded a decade after the ‘Big Bang’ that transformed financial markets through wide-ranging deregulation. In the two-and-half decades since, the City of London has changed almost beyond recognition.

Confusion over whether Russia’s foreign bondholders will receive payments that were due on 16 March put the spotlight on the bank at the centre of it all: Citigroup.

Financial News was founded a decade after the ‘Big Bang’ that transformed financial markets through wide-ranging deregulation. In the two-and-half decades since, the City of London has changed almost beyond recognition.

Crypto firm Copper has hired an ex-Barclays and ex-Linklaters lawyer as its chief legal officer.

If — or when — bricks and mortar banking becomes a thing of the past, heads will turn to who helped lay the groundwork.

Hong Kong-based Hex Trust raised $88 million in Series B funding led by Animoca Brands and Liberty City Ventures, following which it saw its valuation rise to $300 million.

Citigroup, the Wall Street bank with the biggest operations in Russia, is scaling back its business in the country.

In 1990, a group of mergers and acquisition specialists arrived in London from the US in anticipation of a wave of big-ticket deals. 

Crypto firm Copper has hired an ex-Barclays and ex-Linklaters lawyer as its chief legal officer.

If — or when — bricks and mortar banking becomes a thing of the past, heads will turn to who helped lay the groundwork.

BEIJING — China's worst Covid-19 outbreak since the initial wave of the pandemic worsened Tuesday with a major factory city ordering production halts.

Citigroup, the Wall Street bank with the biggest operations in Russia, is scaling back its business in the country.

As financial services developed over the past 25 years, some of the main changes have been in the day-to-day jobs those in the City do.

Citigroup is launching a new hub for junior investment bankers in the southern Spanish city of Malaga, as it attempts to tackle burnout among entry-level dealmakers.

The City has evolved almost beyond measure in the past 25 years. In times of prosperity and in times of crisis, its political leadership has come into sharp focus.

Sir Simon Robey and Simon Warshaw have been mainstays of British boardrooms for the best part of 35 years, advising on some of the City's biggest and most complex deals.

In 1990, a group of mergers and acquisition specialists arrived in London from the US in anticipation of a wave of big-ticket deals. 

Crypto firm Copper has hired an ex-Barclays and ex-Linklaters lawyer as its chief legal officer.

Kriete writes that he will "be taking on a new challenge professionally by creating a new company in this space," while Girasole plans to "start my own venture in the digital asset space".The pair did not explicitly say that their new ventures are connected, with both promising more details once their garden leave ends.Both Citi veterans, Kriete and Girasole were last year put in charge of the newly-created digital asset group, housed in the wealth management division.The unit helps Citi's wealthy clients interested in the likes of Bitcoin, as well as stablecoins, NFTs and CBDCs.Writes Kriete: "Unsurprisingly to those who know me, I believe digital assets will continue to grow in importance to global capital markets and the formation of new business models, and I could not be more excited to assist in the maturation of this market."

The City has evolved almost beyond measure in the past 25 years. In times of prosperity and in times of crisis, its political leadership has come into sharp focus.

The Financial Conduct Authority noted "significant practical challenges" to selling down Russia assets, as Chancellor Rishi Sunak urged UK firms to stop investing in Russia.