Citi Financial News

21.12 / 05:25

Blockchain Citi Digital Progressive UAE’s Dubai World Trade Center to turn into cryptocurrency hub and regulator

The United Arab Emirates (UAE) is extending its enthusiasm and openness to the cryptocurrency industry further as the Dubai World Trade Center (DWTC) has expressed intentions to support and regulate the sector further, in an effort to “create new economic sectors.”

21.12 / 01:25

UPS Citi Waves Bitcoin This U.S city becomes the first to add payroll conversion to crypto for employees

A wave of political goodwill and support for Bitcoin is building up in the U.S. Bitcoin’s dizzying market price swings aside, it seems some politicians have recognized Bitcoin’s potential and its popularity. Numerous mayors across the United States expressed bullish sentiments.

20.12 / 03:41

UPS Citi Banks halt Brexit relocations as European hiring seen ‘rapidly’ ramping up next year

Investment banks have scaled back their planned Brexit-related staff moves over the course of 2021, but senior dealmakers have warned that European hubs will still grow significantly in the future.

19.12 / 23:09

UPS Citi For Day Laborers, Wages Are Booming and Jobs Are Plentiful

POMONA, Calif.—Dozens of men used to line up every morning at a day-labor center in this city east of Los Angeles and stay there most of the day in hopes they would be one of the lucky few to get hired. Now, between 10 and 15 show up and most have a job by 9 a.m.

19.12 / 12:31

UPS Citi JPMorgan PGIM Top execs at PGIM, Citi, JPMorgan and more on how inflation will shape markets in 2022

The Federal Reserve has paved the way for multiple rate hikes. The Bank of England has upped its benchmark to 0.25% from 0.1% already, and the European Central Bank is slowing the pace of bond purchases.

18.12 / 21:05

UPS Citi ‘These hours are unsustainable’: City workers fear effects of long-haul lockdown

At first it was novel. Traders set up elaborate “rona rigs” at home, investment bankers connected with clients via Zoom, and the City’s dogs were treated to more walks than ever. The coronavirus pandemic has also helped shed the image that working from home isn’t feasible or is less productive.

18.12 / 18:33

Citi Trading Places: Citi, Barclays name MDs, Credit Suisse hires wealth boss

It’s been a big week for promotions in the City as banks make their year-end appointments of new managing directors ahead of the Christmas break.

18.12 / 04:13

Citi Trading Places: Citi, Barclays name MDs, Credit Suisse hires wealth boss

It’s been a big week for promotions in the City as banks make their year-end appointments of new managing directors ahead of the Christmas break.

17.12 / 22:57

UPS Citi Waves Unemployment Lost Lost work due to omicron? What to know about unemployment benefits

Covid cases are spiking in some parts of the U.S., and the highly contagious omicron variant is expected to fuel another virus wave headed into winter.

17.12 / 15:35

Citi GAM and ex-star manager who ran Greensill fund fined £9m over conflicts of interest

The City watchdog has fined Swiss asset manager GAM £9.1m and its former star manager Tim Haywood £230,037 for “conflicts of interest and gifts and entertainment issues”.

17.12 / 15:35

Citi Trading Places: Citi, Barclays name MDs, Credit Suisse hires wealth boss

It’s been a big week for promotions in the City as banks make their year-end appointments of new managing directors ahead of the Christmas break.

17.12 / 15:35

Citi HSBC Anti-money laundering HSBC fined £64m for failings in its anti-money laundering processes

The City watchdog has fined HSBC £63.9m for “serious weaknesses” in its anti-money laundering processes.

17.12 / 15:29

Citi HSBC expansion HSBC hires Nomura’s Chris Fincken for ongoing UK dealmaker expansion

HSBC has hired another senior dealmaker to bolster its investment bank in the City, part of an ongoing expansion of its UK-focused business.

17.12 / 15:29

Citi Citigroup Citi names 306 MDs in first promotion round under boss Jane Fraser

Citigroup just named 306 new managing directors — one of the highest ranks in the City — in the first round of promotions under chief executive Jane Fraser.

17.12 / 10:57

Citi HSBC Anti-money laundering HSBC fined £63.9m for failings in its anti-money laundering processes

The City watchdog has fined HSBC £63.9m for “serious weaknesses” in its anti-money laundering processes.

16.12 / 19:06

Citi HSBC expansion HSBC hires Nomura’s Finken for ongoing UK dealmaker expansion

HSBC has hired another senior dealmaker to bolster its investment bank in the City, part of an ongoing expansion of its UK-focused business.

16.12 / 16:20

UPS Citi JPMorgan PGIM Top execs at PGIM, Citi, JPMorgan and more on how inflation will shape markets in 2022

The Federal Reserve has paved the way for multiple rate hikes. The Bank of England has upped rates by 0.15 percentage points already, and the European Central Bank may not be far behind.

16.12 / 11:25

Citi Fine FCA slaps GAM and ex-star manager with £9m fine over conflict of interest issues

The City watchdog has fined Swiss asset manager GAM £9.1m and its former star manager Tim Haywood £230,037 for “conflicts of interest and gifts and entertainment issues”.

15.12 / 12:51

Citi Talent wars and bumper deals — law firm leaders on their 2022 challenges

Coronavirus aside, 2021 was a stellar year for the UK legal market, with booming transactional markets driving record revenue and profits at City law firms.

15.12 / 12:23

Citi Extreme Bitcoin Miami Mayor explains why he’s bullish on Bitcoin mining in Florida

In August 2021, the USA held the majority of the world’s average monthly hashrate share for Bitcoin. As a natural extension of this, different American states are vying for a larger slice of the Bitcoin adoption pie – be it Bitcoin mining or Bitcoin on the balance sheet.

14.12 / 06:33

Citi CEO Pfizer reports Mainland China reports its first omicron Covid case

BEIJING — Mainland China reported its first case of the omicron Covid variant on Monday in the city of Tianjin, about two hours' drive from the capital of Beijing.

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