Citigroup Financial News

20.12 / 21:29

Target CEO Citigroup performer Citigroup to close global distressed-debt business as part of CEO Jane Fraser's overhaul

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20.12 / 17:07

IPO Ball Compilation Citigroup stars Canadian equity financings climb despite high rates, dearth in IPOs

Canadian equity financings grew slightly this year despite a combination of challenges stemming from high interest rates, an underperforming stock market and just one initial public offering on the Toronto Stock Exchange. What’s more, bankers are forecasting better conditions for ECM markets in 2024.

19.12 / 15:51

Booking Citigroup Experts band performer track India Shelter Finance to make debut on Wednesday. Here's what GMP indicates

Considering the upper price band of Rs 493, the stock is likely to debut at a premium of 32%. However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. At the upper price band, the company is valued at P/BV of 2.4X with a market cap of Rs 5,278 crore post the issue. India Shelter Finance boasts strong fundamentals built on years of experience in the affordable housing market. The company has a diverse portfolio and strong distribution network, catering to the growing demand for quality and affordable homes. «The company has demonstrated consistent financial performance with a track record of revenue and profit growth.

18.12 / 20:25

Digital Strategy Citigroup Corning pandemic Financial Even as financial firms slim down head count, hiring is growing in one area

With increased competition from fintechs and embedded finance, financial services firms have been looking at head count with a reduction in numbers across several key players.

16.12 / 18:49

CEO Citigroup country Citigroup employees, on edge over layoffs, told they can work remotely until the new year

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16.12 / 15:10

Citigroup pandemic country consequences reports Department end This Wall Street bank is letting staff work from anywhere through year-end

Citigroup Inc. is once again allowing most of its employees to work from anywhere for the final two weeks of the year.

15.12 / 13:25

Citi Target Landmark Citigroup reports Department shock Citi shuts once-envied muni business

Citigroup Inc. will shutter its municipal bond business, one of the most dramatic moves yet by Chief Executive Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.

15.12 / 01:19

Citi Reuters Progressive Citigroup country 2024 Citi's Mexico unit set to split off by late 2024 -local media

MEXICO CITY (Reuters) — Citigroup's Mexico retail unit, known as Banamex, is set to split off from its parent by the second half of 2024, the lender's Mexico head Manuel Romo told local media on Thursday.

14.12 / 17:17

Citi Strategy Citigroup awards information Department volunteers Citi offers to pay partial bonuses to encourage departures

Citigroup Inc. is offering to pay some staffers a portion of their bonuses early if they agree to depart as executives continue with their restructuring of the Wall Street giant.

12.12 / 05:09

IPO Provident Citigroup band India Shelter Finance IPO: What GMP signals ahead of issue opening for subscription tomorrow

India Shelter Finance Corporation IPO: The ₹1,200 crore initial public offering (IPO) of housing finance firm India Shelter Finance is scheduled to open tomorrow, Wednesday, December 13, and close on Friday, December 15. The firm has decided a price band of ₹469-493 apiece for the IPO with a face value of ₹5. The minimum lot size for an application is 30 shares.

12.12 / 03:03

economy Citigroup Humana Broadcom Cigna show reports inflation data Wall Street closes at fresh 2023 highs as inflation data, Fed eyed

Federal Reserve's policy announcement, which will strongly influence investor expectations on the path of interest rates. Market watchers increasingly believe the central bank is done with its interest rate hike cycle and could potentially cut rates in the first half of next year. These expectations have helped fuel a rally in equities in recent weeks that sent each of the three major indexes to their highest closing levels of the year. While markets had been pricing in a better than 50 percent chance of a rate cut in March by the Fed last week, data on Friday showed job growth accelerated and the unemployment rate dipped, while a separate report showed consumer inflation expectations had dropped.

12.12 / 02:13

IPO Provident Booking Citigroup band India Shelter Finance IPO: Here are 10 things to know before you subscribe to the upcoming issue

₹1,200 crores and a combination of fresh issue of 1.62 crore shares aggregating to ₹800 crores and offer for sale of 0.81 crore shares aggregating to ₹400 crores. India Shelter Finance IPO price band is set at ₹469 to ₹493 per share with a face value of ₹5. The minimum lot size for an application is 30 shares.

11.12 / 21:07

economy Citigroup Humana Broadcom Cigna show reports inflation data Wall Street closes at fresh yearly highs as inflation data, Fed eyed

By Chuck Mikolajczak

11.12 / 20:09

JPMorgan Strategy Citigroup Department Goldman revamps private credit leadership

Goldman Sachs Group Inc.’s asset management arm is reshuffling senior executives in its $110 billion private credit unit as it seeks to double the size of the business in the medium term, according to its global head of asset and wealth management.

11.12 / 15:57

JPMorgan Action Racing Citigroup track 2020 reports Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination

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11.12 / 13:53

Citi Target Citigroup reports Citi goes against consensus ahead of 'pivotal' Fed meeting

Citigroup economists believe that Jerome Powell faces a “major” decision at Wednesday's FOMC meeting: whether to accept the loosening of financial conditions or resist it.

08.12 / 15:53

JPMorgan Strategy Citigroup Parke Discover Patrick reports park Morning Coffee: The big question about Barclays' 81 new managing directors. Morgan Stanley analysts discover excuse to lurk in the park

Barclays, which is in the process of devising a new strategy that may not, but should really, mean a lot of job cuts in its investment bank, is also making some promotions. In apress release yesterday, it said it had promoted 81 managing directors in its investment bank, down from 85 last year.

08.12 / 15:53

Citi Action Citigroup show Inside reports Investment banks and the scourge of pre-Christmas job cuts

It happens every year, but this Christmas especially there are a lot of people in banks staring at their screens, dreading an unexpected invitation to a meeting with line manager, at which a member of the HR team also happens to be in attendance. In the words of one Citi trading insider, the next few weeks could be «brutal.»

07.12 / 22:43

Citi JPMorgan Compilation Citigroup performer Department RBC getting more resumes as it becomes No. 2 U.S. municipal underwriter

RBC Capital Markets is having its best year on record, propelling the Canadian bank to become the No. 2 underwriter of United States state and local debt.

07.12 / 16:33

BLOCK Citigroup stake SoftBank arm to sell 1.1% stake in Zomato

MUMBAI : An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd on 8 December for an estimated Rs1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor price of the deal is set at Rs120.5 per share, as per the deal terms reviewed by Mint. That’s a discount of about 1.1% to Zomato’s Thursday closing price of Rs121.80 on BSE.

07.12 / 15:45

Citi Action economy Citigroup track Is now the time to buy quality China debt?

China’s investment-grade credit offers value and will outperform US peers in 2024 thanks to favorable technicals and higher carry, according to Citigroup Global Markets Inc.

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