Citigroup Financial News

14.09 / 12:21

Citi Target Citigroup analysts Citi’s Malaga hub opens doors to 27 new analysts after 3,000 applications

Citigroup has formally launched its new hub for junior bankers in the Spanish city of Malaga, kicking off a programme designed to combat brutal long hours in dealmaking.

09.09 / 10:51

Citi Citigroup Hedge funds shouldn’t keep $500m Citi paid them by mistake, court rules

Hedge funds shouldn’t be able to keep roughly $500m they were mistakenly paid by Citigroup on a loan owed by now-bankrupt cosmetics company Revlon, a federal appeals court ruled on 8 September.

07.09 / 16:33

Citigroup CME Market bracing for another three-quarter point hike from the Fed this month

Traders are now seeing a near-certainty that the Federal Reserve enacts its third consecutive 0.75 percentage point interest rate increase when it meets later this month.

06.09 / 11:39

UPS Citi Citigroup Deal Citi nears deal for new Dublin office amid plans to bolster headcount

US investment bank Citigroup is preparing to sign off €100m development for new European headquarters in Dublin, amid plans to boost headcount in the Irish capital with 300 additional staff.

06.09 / 10:53

UPS Citi Citigroup Deal Citigroup nears deal for major new Dublin office amid plans to bolster headcount

US investment bank Citigroup is preparing to sign off €100m development for new European headquarters in Dublin, amid plans to boost headcount in Dublin with 300 additional staff.

25.08 / 16:09

COST Citigroup Citi’s Russia wind-down to cost $170m as 2,300 jobs on the line

Citigroup will incur costs of around $170m as it winds down its consumer and commercial banking operations in Russia, months after the country's invasion of Ukraine meant it failed to sell the unit.

25.08 / 15:47

Citi Citigroup Citi to fold Russian consumer bank

Citigroup will wind down its Russian consumer bank after attempts to sell the unit were stymied by Russia’s invasion of Ukraine and subsequent sanctions on the nation’s financial system, people familiar with the matter said.

25.08 / 15:47

COST Citigroup Citigroup to spend $170m winding down Russian consumer and commercial banking

Citigroup will incur costs of around $170m as it winds down its consumer and commercial banking operations in Russia after the country's invasion of Ukraine meant it failed to sell the unit.

22.08 / 11:01

Stocks market Citigroup UBS Goldman Sachs, Morgan Stanley, UBS set to face $1bn fines over banned messaging app use by traders

Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200m each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regulatory requirements, according to people familiar with the matter.

19.08 / 14:53

Citigroup Citigroup fined £12.6m by FCA over failures to monitor market abuse

Citigroup's broker-dealer has been fined £12.6m by the UK financial regulator for failing to properly implement market abuse protocols, as the US bank continues on a years-long project to overhaul its controls.

18.08 / 15:03

UPS FIVE Citigroup bank stocks 500 Bank stocks are back on the up as Goldman Sachs, Morgan Stanley beat S&P 500

Bank stocks have had a rough year. Lately they’re showing signs of life.

17.08 / 09:43

Citi Citigroup Citi promotes Aveline San to Hong Kong and Macau chief

Citigroup has appointed Aveline San to helm its operations in Hong Kong and Macau, as the US bank pushes to grow its wealth management business in the region.

15.08 / 14:45

Citi Citigroup exit Citi makes Fleming sole UK deals head after Skarbek exit

Citigroup's James Fleming is now the sole head of its UK dealmaking unit following the departure of key investment banker Jan Skarbek.

27.07 / 02:07

UPS Citi Citigroup Citi’s UK boss opens up on his mental health struggles: ‘If I was working, it was a distraction from the sadness’

When Citigroup acquired Schroders’ investment banking division in 2000, James Bardrick threw himself into his work.

25.07 / 21:35

Citigroup Citigroup hires Malhotra from Bank of America to co-head European leveraged finance

Citigroup hired a new head of leveraged finance in Europe after promoting former boss Toby Ali to lead a venture capital unit.

21.07 / 02:25

Citi Citigroup Banking and beaches: GP Bullhound follows Citigroup with Malaga hub

The Spanish city of Malaga — better known for its beaches than banking talent — has attracted another investment bank to launch a new hub.

18.07 / 13:25

JPMorgan Citigroup Chase Bank of America is set to report second-quarter earnings — here’s what the Street expects

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18.07 / 13:25

IPO JPMorgan Citigroup Chase Goldman Sachs is set to report second-quarter earnings —here’s what the Street expects

In this article

15.07 / 21:45

Citi CEO Citigroup Citi CEO Fraser says she’s still hiring dealmakers as banker job cuts loom

Citigroup Chief Executive Jane Fraser said that the US bank would continue to hire senior dealmakers even as the sector eyes cuts after a downturn during the first half of 2022.

15.07 / 20:19

Citigroup UnitedHealth SunPower Stocks making the biggest moves midday: Citigroup, Wells Fargo, Pinterest and more

Check out the companies making headlines in midday trading.

15.07 / 15:55

Citigroup Deal Citigroup’s banking fees slide 46% as deal boom turns

Citigroup's investment banking fees tumbled 46% in the second quarter of 2022, as the US bank followed Wall Street rivals with a sharp downturn in dealmaking.

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