Citigroup Financial News

09.07 / 20:55

ETF NASDAQ Airlines Citigroup DAL Delta week 1 Stock to Buy, 1 Stock to Sell This Week: Delta Air Lines, Citigroup

Wall Street's main indices ended lower on Friday, capping off a losing week as investors digested a U.S.jobs report that failed to shake off fears that the Federal Reserve may start hiking interest rates again later this month.

09.07 / 11:31

Target Reuters Booking JPMorgan Citigroup Chase week Top 5 things to watch in markets in the week ahead

Investing.com — U.S. inflation data for June will be in focus with the Federal Reserve all but certain to hike rates again later this month. Earnings season kicks off with results from big banks, while data out of China is expected to point to ongoing economic weakness. The Bank of Canada is expected to hike rates again and oil prices could be poised to break out to the upside.

08.07 / 22:31

COST UPS Provident Citigroup Metro Disaster Costs IAG splits with rival Suncorp, faces higher costs from disaster cover

Insurance giant IAG will wear bigger upfront damage bills from wild weather strikes and earthquakes under new terms cut for its own reinsurance protection.

08.07 / 04:27

Target Waters JPMorgan Fighting Citigroup Chase week 5 world market themes for the week ahead

1/ UNDER PRESSURE Markets have come around fast to the Fed's view that instead of being cut anytime soon, rates will remain high for longer. After another brutal bond sell off, focus turns to Wednesday's U.S. inflation data.

07.07 / 11:20

UPS JPMorgan Citigroup Chase UBS financing Deal Wall St. banks back mega buyout financing deal for Worldpay

A group of banks led by JPMorgan Chase & Co. and Goldman Sachs Group Inc. are lining up around $9.4 billion of debt to back GTCR’s purchase of a majority stake in Worldpay Inc., in what would be the largest buyout financing in over a year.

07.07 / 08:23

JPMorgan Mobile Citigroup Citigroup names new mobility leaders as Koen van Velsen steps down

Citigroup has named new leaders within its European industrials coverage team in the latest shake-up of its dealmaking team after one of its senior bankers stepped down.

06.07 / 12:01

UPS Citi Google Citigroup HSBC Deal Nokia Reliance Jio Reliance Jio set to sign $1.7 bn deal with Nokia for 5G equipment: Report

Reliance Jio Infocomm could sign a contract worth $1.7 billion with Nokia this week to purchase 5G network equipment, according to news report by Economic Times. The contract could be signed as early as Thursday in Helsinki, Finland, where Nokia is headquartered, the report added.

04.07 / 14:53

Lowe's FIVE JPMorgan Citigroup Time 4 Largest U.S. Banks Pass Stress Tests: Time to Buy?

Investors were understandably nervous ahead of one of the most controversial stress tests in recent years as volatility in the sector escalated since the collapse of Silicon Valley and Signature Bank in March.

04.07 / 10:11

COST Provident Extreme Aware JPMorgan Pool Citigroup Deal HDFC merger: For advising on a $64 billion bank deal, bankers got a 0.0002% fee

bankers’ struggle for profits in the country. Housing Development Finance Corp.’s all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million, according to people familiar with the matter. Morgan Stanley and Bank of America Corp.

04.07 / 02:13

UPS Lowe's NASDAQ COMPOSITE Citigroup Tesla Wall St ends slightly higher in shortened session, Tesla jumps

Tesla shares jumped 6.9% as the electric vehicle maker said it delivered a record number of vehicles in the second quarter. Shares of major banks gained after the companies raised dividends as they sailed through the Federal Reserve's annual health check. Wells Fargo shares rose 1.7%, Citigroup shares climbed 1.5%, while the S&P 500 banks index ended up 1.5%.

03.07 / 19:15

JPMorgan Citigroup Chase BAC Bank of America asks Fed to clarify stress test results

By Saeed Azhar

03.07 / 12:25

Progressive Manufacturing Airlines Apple Citigroup Tesla Occidental AstraZeneca fall Tesla, XPeng, Nio rise premarket; AstraZeneca, AMC Entertainment fall

Investing.com — U.S. futures inched lower at the start of a holiday-shortened week that includes the release of some key economic data, including the monthly employment report.

30.06 / 21:47

Citi CEO JPMorgan Citigroup SVB boost JPMorgan, Wells Fargo and Morgan Stanley to boost dividends after clearing Fed stress test

Large U.S banks including JPMorgan Chase, Wells Fargo and Morgan Stanley said Friday they plan to raise their quarterly dividends after clearing the Federal Reserve's annual stress test.

30.06 / 13:05

UPS Digital JPMorgan Citigroup Chase network Brookfield International Brookfield to buy Network International for $2.8 billion

Brookfield Asset Management Ltd. has agreed to acquire London-listed Network International Holdings PLC for about £2.2 billion (US$2.8 billion) to expand its presence in credit card processing in the Middle East.

30.06 / 13:05

UPS Citi Provident Citigroup HSBC HSBC to leave Canary Wharf for smaller office in London

HSBC Holdings PLC is planning to leave its Canary Wharf headquarters and downsize to a smaller office in the City of London, the latest sign of how a shift to flexible work is reshaping demand for offices.

27.06 / 12:11

Citi JPMorgan Citigroup HSBC FLEX Fintech Files: StanChart’s crypto boss prefers remote working, AI’s potential to upend finance

There's a battle going on among City firms over the great work-from-who-knows-where's-best debate. On the one hand, the post-pandemic embrace of hybrid working has resulted in under-used office space. Global lender HSBC saw the writing on the wall and already signalled in 2021 a shift to trim office space, and giving staff the flex they wanted.

23.06 / 05:41

Citigroup tracking Time Citigroup plans to start tracking 9,000 UK employees’ time in office

Citigroup is set to start monitoring employees’ office attendance, focusing on staff who do not follow its requirement for spending at least three days a week working in its UK operations, as banks crack down on hybrid working.

16.06 / 07:05

Citi Citigroup Citi to take $400m expense hit as it cuts 1,600 jobs this quarter

Citigroup is set to take a one-off hit of $400m as it pushes through its latest round of job cuts.

16.06 / 06:55

Citi Citigroup dealmaking Deutsche Bank hires Plowman from Citigroup in consumer dealmaking push

Deutsche Bank has hired a senior dealmaker from Citigroup to cover consumer clients in Europe, as part of a series of new recruits in for the German bank in the sector.

09.06 / 12:19

Citigroup dealmaking Citigroup set to cut 50 London jobs as dealmaking slump hits

Citigroup is planning around 50 job cuts within its London-based investment and corporate banking units as large firms continue to trim dealmaking teams amid slumping fees.

08.06 / 15:47

Citi Citigroup Continental expansion Citigroup eyes Málaga hub expansion after junior banker burnout battle

Citigroup is set to expand its Málaga hub to include functions outside of investment banking after the US lender hired analysts in the city last year in a bid to stem burnout in the junior ranks.

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