Citigroup Financial News

03.05 / 10:35

Citi Citigroup Citi probes how sell orders triggered ‘flash crash’ among European markets

Several European stock markets suffered a "flash crash" on Monday morning, 2 May, following sell orders by Citigroup, according to people familiar with the matter.

27.04 / 06:29

Citi Progressive Gap Citigroup Citigroup’s global gender pay gap stalls at 26%

Citigroup is one of the only major investment banks to offer a frank insight into the gender pay gap across the organisation. Progress has stalled.

26.04 / 14:19

Citi Progressive Gap Citigroup Citigroup’s global gender pay gap stalls at 26%

Citigroup is one of the only major investment banks to offer a frank insight into the gender pay gap across the organisation. Progress has stalled.

20.04 / 09:55

JPMorgan Citigroup Chase Drop Bank of America joins Wall Street’s profit rout with 12% drop

Bank of America reported a 12% drop in first-quarter profit on 18 April, marking the end to an underwhelming earnings season for the country’s largest banks.

19.04 / 10:59

JPMorgan Citigroup Chase Drop Bank of America joins Wall Street’s profit rout with 12% drop

Bank of America reported a 12% drop in first-quarter profit on 18 April, marking the end to an underwhelming earnings season for the country’s largest banks.

18.04 / 13:55

JPMorgan Citigroup Chase reserves Bank of America profit tops estimates as lender releases reserves for soured loans

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15.04 / 12:09

JPMorgan Citigroup Chase Biden to Nominate Michael Barr as Top Fed Banking Regulator

WASHINGTON—President Biden will nominate Michael Barr, a former Treasury Department official, to serve as the Federal Reserve’s top banking regulator, the White House said, after Mr. Biden’s first pick for the job withdrew amid opposition from Republicans and a key Democratic senator.

14.04 / 14:33

CEO JPMorgan Citigroup Citigroup is set to report first-quarter earnings — here’s what the Street expects

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13.04 / 16:21

Citi Citigroup Citi doubles down on Asia Pacific wealth drive with new appointment

Citigroup has named a new head of wealth management for Asia Pacific, as the New York-based bank continues its strategic pivot toward serving affluent clients in the region.

12.04 / 19:15

Citi Citigroup Citigroup rebuilds presence in Saudi Arabia

RIYADH, Saudi Arabia — When Citigroup shut down operations in Saudi Arabia after 11 September 2001, government officials here felt betrayed. For years after, the Saudis snubbed Citi as executives realised they had made a mistake and tried to rebuild their business.

12.04 / 09:39

Citi Citigroup Citi doubles down on Asia Pacific wealth drive with new appointment

Citigroup has named a new head of wealth management for Asia Pacific, as the New York-based bank continues its strategic pivot toward serving affluent clients in the region.

11.04 / 10:25

Citi Citigroup Citigroup rebuilds presence in Saudi Arabia

10.04 / 15:47

Citigroup Investment hedge funds Former Citigroup executives seek $100 million for crypto hedge funds

Citigroup Inc. executives who left the bank last month have formed Motus Capital Management, a firm that wants to make it easier for high-net-worth individuals to bet on cryptocurrencies. Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said in interviews. They are each founding partners of Motus, the Latin term that’s the origin of the word “motor.” “Clients are hungry for returns,” Kriete said. “They’re wanting exposure, but they have a hard time telling what’s scammy and what are real investment opportunities.”

06.04 / 09:21

UPS Citi Citigroup Citigroup takes on six senior dealmakers in healthcare hiring spree

Citigroup has hired six managing directors to cover the healthcare sector, a key focus of the bank as it looks to add to its roster of dealmakers.

04.04 / 19:41

UPS Citi Citigroup Citigroup takes on six senior dealmakers in healthcare hiring spree

Citigroup has hired six managing directors to cover the healthcare sector, a key focus of the bank as it looks add to its roster of dealmakers.

02.04 / 03:33

Citi Citigroup Citigroup hires Bank of America’s Richard Abel for corporate broking in UK push

Citigroup has hired a managing director from Bank of America to bolster its corporate broking business as it continues to build out its UK investment bank.

31.03 / 21:17

AXY Currency Indices CEO Citigroup Deal Indian Citigroup sells Indian retail arm to Axis Bank in $1.6bn deal

Citigroup is selling its Indian retail banking business to Axis Bank for $1.6bn in CEO Jane Fraser’s latest move to streamline the lender’s operations. It represents the bank’s eighth exit from a business in the Asian-Pacific region.

31.03 / 17:51

Citi FIVE JPMorgan Citigroup Deal JPMorgan, Citi, Goldman see deal fees tank 41% as clients ‘are holding their breath’

Fees for the top five Wall Street investment banks slumped 41% during the first quarter, as a pause in M&A and whipsawing equity markets have threatened a deal boom that led to a bumper 2021.

31.03 / 17:41

Citi Citigroup work from home Power Citigroup tells London staff to work from home after power cut hits Canary Wharf

Citigroup told its 9,000 employees in Canary Wharf to work from home on 30 March after a widespread power cut in the financial district on 29 March forced many of its bankers offline for hours.

31.03 / 17:25

Citi Citigroup Citigroup hires Bank of America’s Richard Abel for corporate broking in UK push

Citigroup has hired a managing director from Bank of America to bolster its corporate broking business as it continues to build out its UK investment bank.

31.03 / 14:29

Provident FIVE JPMorgan Citigroup Fee haul slips by 41% for Wall Street banks as Ukraine war hits deals: ‘Clients are holding their breath’

Fees for the top five Wall Street investment banks slumped 41% less in fees during the first quarter, as a pause in M&A and whipsawing equity markets in the wake of Russia's invasion of Ukraine have threatened a deal boom that led to a bumper 2021.

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