Citi Financial News

25.11 / 14:31

Citi JPMorgan Morgan Stanley joins JPMorgan in paying bankers’ Hong Kong quarantine bills

Morgan Stanley and JPMorgan will compensate their Hong Kong-based employees for quarantine hotel expenses incurred in returning to the city from certain types of personal travel.

25.11 / 11:35

Citi IPO Provident boost Low Low mortgage rates, stagnant prices boost housing demand in Tier-II cities too

The recovery in housing demand is being driven by a growing demand for homeownership, which is being fueled by historically-low mortgage rates, stamp duty waivers in several states, and stagnant prices. According to the JLL – Residential Market Update: Q3 2021, “in Q3 2021, sales witnessed an upward trajectory, increasing by 65% on a sequential basis, with 32,358 apartment units sold during the quarter against 19,635 units in Q2 2021.”

25.11 / 05:47

COST UPS Citi Baidu Baidu kicks off its robotaxi business, after getting the OK to charge fees in Beijing

BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its driverless taxi business.

24.11 / 20:29

Citi FCA pleads with City to promote ‘genuine’ ESG talent as hiring booms

The UK's Financial Conduct Authority warned finance firms to avoid what it terms "competence-washing" within the City's rapidly growing environmental, social and governance sector amid a battle for top talent and soaring interest in sustainable investments.

24.11 / 20:29

Citi Action HSBC City must ‘own the bad numbers’ on ethnic diversity and start talking about action

The City must “own” its bad record on ethnicity and start talking about how to boost representation, according to a leading diversity campaigner.

24.11 / 19:12

UPS Citi authorisation FCA says poor quality applications a factor in authorisation delays

Top staff at the Financial Conduct Authority have called on City firms to help it speed up its approvals process by making sure their paperwork is in order, as complaints continue to pour in over how long the regulator is taking to green-light firms' applications.

24.11 / 15:57

Citi Boeing Will the Bank of England hike interest rates in December?

The City is keeping a close eye out for any signals that the Bank of England may move to increase interest rates next month, after UK inflation rose to 4.2% in October — its highest level in 10 years.

24.11 / 12:07

cryptocurrency Citi Digital Citigroup Citigroup To Create 100 Roles In Digital Asset Push

The step is the latest by traditional banks looking to find ways to tap the cryptocurrency sector.

24.11 / 11:37

Citi Mexico’s Former Finance Minister Arturo Herrera No Longer to Head Central Bank

MEXICO CITY -- Mexican President Andrés Manuel López Obrador has decided to withdraw the nomination of former finance minister Arturo Herrera to lead the Bank of Mexico, Mr. Herrera said Tuesday.

24.11 / 03:11

Citi Career An audience with John Studzinski: ‘I thought of being a priest, but in banking I do things my way’

John Studzinski urges junior bankers to seize career opportunities as they present themselves — even if such openings have changed from when the City grandee began work at Morgan Stanley in the 1980s.

23.11 / 17:31

Citi Target Hambro Perks Spac chooses London after FCA overhaul

Technology-focused venture capital firm, Hambro Perks, has unveiled a £150m special purpose acquisition company set to list on the London Stock Exchange — the first significant UK blank cheque company since a regulatory overhaul earlier this year to capture the Spac craze.

23.11 / 15:33

UPS Citi Reuters Digital Citi to hire 100 staff for digital assets division

The company first launched its digital assets division in June this year.According to a report by Reuters the new team will be made up of both internal and external hires and be based across a number of international locations, including London, Tel Aviv, New York, and Singapore."Prior to offering any products and services, we are studying these markets, as well as the evolving regulatory landscape and associated risks, in order to meet our own regulatory frameworks and supervisory

23.11 / 15:17

UPS Citi Bitfinex El Salvador: Adopting ‘junk-grade’ Bitcoin bond will have these repercussions

El Salvador and its vision to build ‘Bitcoin city‘ has created havoc within the crypto community.

23.11 / 15:07

UPS Citi Waves consolidation 10-minute grocery delivery start-up Getir to buy UK rival Weezy as buzzy market enters consolidation

LONDON — Turkish start-up Getir on Tuesday agreed to acquire British rival Weezy, in the latest sign of consolidation in the ultrafast grocery delivery market.

23.11 / 13:33

Citi IPO CEO Strategy Option Is investing in Corporate FDs a good option to build your corpus?

Money doesn’t grow on trees, but the right savings and investment plans can help it grow. The pandemic has triggered a great deal of uncertainty and risk aversion in the way we invest our hard-earned money. Many of us want to turn away from high-risk instruments or lower our exposure to them while increasing our low-risk investments. Debt instruments are considered safe and include bonds, debentures, certificates of deposits, debt funds, fixed deposits, etc.

23.11 / 03:49

business Citi Banks Citi Group appoints head of digital assets in crypto hiring spree

American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1.

22.11 / 19:59

Citi El Salvador to build 'Bitcoin City'

Now, president Nayib Bukele has set out his vision for Bitcoin City - complete with residential and commercial areas and an airport - in the eastern region of La Union.

22.11 / 16:47

Citi Provident Target Investment Opportunities Affordable housing offers $0.62 tn worth of investment opportunities in India in next 5 years: Knight Frank

Affordable housing in India offers US$0.62 trillion of funding opportunities for private funds in the next 5 years in the backdrop of the government’s push for this segment, reveals a Knight Frank report.

22.11 / 12:01

Citi Keir Starmer calls for economic ‘reset’ after Brexit and Covid

The UK needs an economic “reset” after the “twin crises” of Brexit and Covid-19, leader of the Labour Party Keir Starmer has said.

22.11 / 07:13

UPS Citi IPO Trehan Group sells 120 luxury floors in Gurugram this festive season

Realty firm Trehan Group claims to have sold 120 luxury floors in Gurugram during the festive season as homebuyers preferred quicker deliveries, quality construction, and amenities.

21.11 / 12:49

Citi El Salvador Plans World's First Bitcoin City

El Salvador plans to build world's first Bitcoin city