Citigroup Financial News

03.08 / 15:45

UPS IPO Booking Citigroup Parke Indegene gets Sebi nod to float IPO

IPO papers with Sebi in December 2022 The IPO of Indegene consists of a fresh issue of equity shares worth up to Rs 950 crore and offer for sale (OFS) of up to 3.63 crore equity shares by existing investors, according to the Draft Red Herring Prospectus (DRHP). The OFS consists of up to 27 lakh equity shares to be sold by individual selling shareholders — Manish Gupta, Rajesh Bhaskaran Nair, and Anita Nair — and up to 3.36 crore equity shares by existing investors, including Carlyle, Brighton Park Capital and the Nadathur Family Office.

01.08 / 13:05

UPS Lowe's Target Citigroup show Bears 500 S&P 500 has a new Street-high price target as Oppenheimer says bears are capitulating

Analysts at Oppenheimer Asset Management, hiked the year-end S&P 500 price target by 500 to 4900.

01.08 / 11:39

UPS IPO Booking Manufacturing Citigroup Enterprise band Concord Concord Biotech IPO: Check issue details, latest GMP, price band, other key key things to know

Concord Biotech IPO Dates: Concord Biotech IPO opens on August 4 and will close on August 8. The finalisation of allotment is expected to take place on August 11, while refunds will be initiated on August 14. The shares will be credited to the Demat accounts of eligible investors on August 17.

01.08 / 11:15

Lowe's Target Citigroup performer track end Oppenheimer predicts record for S&P500 by year-end

The S&P 500 received its most bullish outlook yet from Oppenheimer Asset Management, which sees further upside for stocks as the Federal Reserve nears a pivot and the US economy stays resilient.

01.08 / 05:53

Software Citigroup Citigroup dealmaker Marina Kvasnikova joins DC Advisory

Japanese bank DC Advisory has hired a second former Citigroup dealmaker for its technology team as it continues its recent hiring spree.

31.07 / 19:27

Citi SEC Career Citigroup Southern Flushing Sec Charges SEC charges New York rep with stealing $2.4M from elderly client

The SEC has filed charges against a registered representative for allegedly stealing more than $2 million from a client and using the proceeds to finance the financial advisor’s personal spending.

31.07 / 16:07

COST UPS Citigroup HSBC UBS rate hikes interest rate hikes Premium Interest rate hikes, jobs forecast, commercial property death spiral, equity-risk premium worries

Another Monday, another week full of important figures and decisions that could affect your clients’ investment decisions.

31.07 / 04:53

UPS IPO FIVE Citigroup Enterprise band Concord Concord Biotech IPO: From key dates to price band, all you need to know

₹705 to ₹741 per equity share of face value of ₹1 each. Concord Biotech IPO lot size is 20 equity shares and in multiples of 20 equity shares thereafter. Rakesh Jhunjhunwala backed Concord Biotech IPO consists of a pure offer-for-sale by Helix Investment Holdings Pte Ltd.

30.07 / 12:03

Provident Lowe's Target Citigroup HSBC exclusive accounting Exclusive: Banks vote to limit accounting of emissions in bond and stock sales

By Tommy Wilkes

28.07 / 13:33

Citi JPMorgan Citigroup Chase Financial Citigroup says some predecessor companies likely saw indirect financial benefits from slavery

Some of the companies that formed what is now Citigroup likely benefitted financially from slavery in the 1800’s, the financial giant acknowledged Thursday, an admission that comes at a time when numerous institutions are re-examining their historic ro...

28.07 / 12:01

Provident Digital SEC Action Citigroup UBS Broker Another major bank/broker-dealer hit by SEC action

Paris headquartered BNP Paribas has announced that it is under scrutiny by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for its personnel’s non-compliant use of communication tools, violating archiving protocols.

26.07 / 17:47

COST Citigroup PEP exclusive Nigel Farage and the Scandal That Engulfed British Banking

The collision of Brexit cheerleader Nigel Farage, a regal private bank, the BBC and the Conservative Party exploded into a quintessentially British scandal this week, costing the job of one of the country’s top bankers and igniting a debate over how lenders protect their reputations without discriminating against outspoken clients. The damage was apparent on Wednesday.

26.07 / 17:01

UPS Booking JPMorgan Citigroup Chase capital rules US banks may take up to 4 years to set aside profits for new capital rules

By Tatiana Bautzer and Pete Schroeder

25.07 / 18:51

DOW Citigroup NXP electronic pop Factbox-What are global companies saying about China's economy?

(Reuters) — Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery at the world's second-largest economy from a pandemic slowdown.

25.07 / 14:39

JPMorgan RIG Citigroup UBS CAT London court revives $3.5 billion mass forex lawsuit against banks

LONDON (Reuters) -A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan (NYSE:JPM) and Citigroup (NYSE:C) over alleged foreign exchange rigging was revived by a London court on Tuesday.

25.07 / 09:59

Citi Amazon JPMorgan Citigroup HSBC social JPMorgan, Citi under fire for funding fossil fuels in the Amazon

As the Amazon may face a catastrophic tipping point that’s eroding its status as a major carbon sink, a new study maps out which banks have pumped the most money into oil and gas extraction from the world’s largest rainforest.

24.07 / 04:25

COST UPS Career Citigroup UBS The great M&A slump is shaking up giants of investment banking

Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc.

21.07 / 15:05

UPS Citi Booking Telegram Strategy Citigroup Citi wants to keep directors happy after big hiring of new MDs

Not unlike Deutsche Bank, Citigroup has shown a recent propensity for adding new senior people from outside the bank. There are signs that it's making efforts to keep its existing staff happy as a result.

21.07 / 12:07

CEO Citigroup Kraken country Trading Places: Deutsche names new UK CEO, Kraken hires in London, Hargreaves chair steps down

Deutsche BankpromotedNicola Atkinson, its chief operating officer in the UK and Ireland, to interim chief executive for the countries following Tiina Lee's move to Citigroup. Atkinson, who has worked at the German lender since 2005, will take on the CEO position on an interim basis. Atkinson was latterly COO for the UK and Ireland, having taken the role in 2018 after stints in corporate finance and regulatory relationship management at Deutsche Bank.

21.07 / 11:29

Citi CEO JPMorgan Citigroup Solomonic Shell Goldman Sachs, Morgan Stanley plus others spend $1billion on redundancies

Although downsizing may save money in the long term, it isn’t a cheap exercise. Reports have emerged that leading American financial institutions have shelled out upwards of a billion dollars on termination pay in the first two quarters of this year. This pain is a repercussion of Wall Street’s over-aggressive expansion strategy during the COVID-19 pandemic.

20.07 / 23:41

JPMorgan RIG Citigroup Chase Southern foreign Foreign exchange Judge throws out Citigroup ex-trader's lawsuit tied to foreign exchange probe

By Jonathan Stempel

Citigroup Financial News

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