Citigroup Financial News

07.05 / 11:57

markets Citi IPO Booking security Citigroup band Aadhar Housing Finance IPO to open tomorrow; Here are 10 things to know before you subscribe to the issue

Aadhar Housing Finance IPO to open on May 8; what does GMP indicate before subscription? Aadhar Housing Finance is a housing finance firm focused on serving the lower-income demographic. Its clientele primarily resides in tier 4 and tier 5 cities across India. As of September 30, 2023, the company boasted a network comprising 471 branches and 91 sales offices, spanning across 20 states and union territories.

06.05 / 21:57

markets COST CEO Citigroup Interviews Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans.

06.05 / 18:23

Gap Citigroup Discover President show reports Investigations Stifel sex with cleaner claims follow complaints and exits of senior women

Citigroup's senior equities professionals must be breathing a sigh of relief. Following complaints about the culture in their own business, something far worse has surfaced at Stifel Europe.

05.05 / 05:53

markets IPO Booking security Citigroup Election band Upcoming IPOs: 9 new public issues and 4 new listings scheduled for this week; check full list here

SK Finance files DRHP with SEBI to raise ₹2,200-crore via IPO; details here “Since 2004, there hasn't been a single IPO launch during the month of May in the last four General Election cycles. Typically, the period from April to June during these years has been slow for the primary markets due to election uncertainty. However, this trend is expected to change now as, 3 mainboard IPOs of Indegene Limited, TBO Tek Limited and Aadhar Housing Finance are set to be launched next week to raise 6,392 crores," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.

03.05 / 17:25

markets IPO Booking security Citigroup Invesco band Indegene IPO: Mumbai-based company raises ₹548.77 crore from anchor investors ahead of IPO

₹548.77 crore from anchor investors at the upper price band of ₹452 per equity share ahead of initial public offerings (IPO). Indegene IPO, which is scheduled to open for subscription on May 4, has allocated 12,141,102 equity shares to 36 anchor investors, as per the exchange filing.

02.05 / 03:33

markets IPO Target Booking security Citigroup band Aadhar Housing Finance IPO price band set at ₹300-315 per share; issue to open on May 8

₹300 to ₹315 per share. At the upper end of the price band, the company plans to raise ₹3,000 crore from the issue. Aadhar Housing Finance IPO comprises a fresh issue of 3.17 crore equity shares aggregating to ₹1,000 crore and an offer for sale (OFS) component of 6.35 crore shares aggregating to ₹2,000 crore.

30.04 / 16:51

markets Strategy Citigroup MSCI Trade CTAS Momentum traders to buy equities even if market drops: Goldman

Momentum traders are modeled to buy equities over the next week regardless of market direction, according to Goldman Sachs Group Inc.’s trading desk.

29.04 / 17:13

markets Citi JPMorgan Citigroup Boeing wellness Bill Boeing gets orders almost eight times its $10 billion bond sale

ALSO READ: Boeing plane makes emergency landing in New York after exit slide falls off The warm investor reception the deal is getting “may say more about strong demand for new issuance than the prospects for Boeing credit," said Bill Zox, a portfolio manager at Brandywine Global Investment Management. Moody’s also has the company’s outlook at negative, and all three of the graders now have Boeing at a step above high yield. Boeing Chief Financial Officer Brian West said last week during a conference call that he intends to protect the company’s investment-grade rating, and that the company still has access to $10 billion in untapped credit lines.

29.04 / 16:39

markets Waves Target JPMorgan Compilation Citigroup National Bank of Canada targets global borrowers with Paris hub

National Bank of Canada is opening an office in Paris to cater to supranational and government-backed issuers, a segment that’s selling euro-denominated bonds at a record pace this year.

26.04 / 19:55

markets Citigroup WhatsApp stake ATC Telecom Infra sells 2.8% stake in Voda Idea for ₹1,840 crore

Vodafone Idea on Friday through open market transaction. As many as 144 crore shares were sold by the ATC Telecom at ₹12.78 a share, valuing the deal at ₹1,840 crore. Citigroup Global bought shares worth ₹611 crore through bulk deals, while rest of the buyers were unknown. Shares of Vodafone gained about a percent on Friday to close at ₹14.01 apiece. Last month, ATC had converted the debentures allotted by Vodafone Idea into equity. In February2023, Vi had allotted OCDs worth ₹1,600 crore to ATC's India unit against its dues. Vi was then estimated to owe ATC around ₹2,000 crore.

25.04 / 08:43

markets COST UPS Citi JPMorgan Citigroup Citigroup made another major JPMorgan hire without anyone noticing

With Vis Raghavan due to turn up at Citi in early June, there are growing suspicions that all sorts of people leaving JPMorgan are heading to Citi to join him.

24.04 / 04:45

COST Target Citigroup reports recommendations Equality International Hot Stocks: Global brokerages see Airtel, Cipla delivering 10-15% return in next 1 year

Bharti Airtel, Goldman Sachs has a neutral rating in Tata Consumer and Investec maintained a buy on Cipla. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

23.04 / 13:43

markets Compilation Citigroup wellness show reports Citigroup sells maple bonds in first sizable deal since 2015

Citigroup Inc. sold a large debt offering in the Canadian-dollar bond market for the first time in nearly a decade as U.S. banks seek to diversify funding after reporting earnings.

23.04 / 07:07

UPS Citi Citigroup War country Inside Turning a vault into a bomb shelter: how Citigroup running its bank in Ukraine

A piece of shrapnel from a Russian missile hangs on the wall of Citigroup banker Alexander McWhorter’s office in Kyiv. He got it from a client whose factory was struck early in the war, a token of their long relationship and their plans to rebuild. Two years into the Ukrainian war, Citigroup is the only U.S.

17.04 / 20:19

markets UPS Citi Platform Citigroup gatherings Relationships RBC expands U.S. business with cash-management offering

After about a decade of steady growth at its U.S. investment bank, Royal Bank of Canada is launching a cash-management business in its “second home market” in a bid to win more of its clients’ spending.

17.04 / 06:31

markets UPS Compilation economy Citigroup show reports Morgan Stanley cuts dozens of investment banking jobs in China and Hong Kong : Sources

Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, three sources said, becoming the latest among global banks to scale back operations in the region mainly due to a slump in China markets. The layoffs affect around 13% of the Wall Street bank's Asia investment banking workforce of 400 in the region, according to one of the sources.

16.04 / 23:49

markets UPS Citi CEO JPMorgan Citigroup Citi confirmed that Vis Raghavan will have plenty of power when he arrives in June

The countdown is on at Citigroup. In less than two months' time, Vis Raghavan, whom JPMorgan had only recently promoted as head of its investment bank, is joining Citi as head of all banking.

16.04 / 18:33

markets CEO JPMorgan Citigroup Commentary Citi’s wealth CIO is stepping down

Citigroup’s chief investment officer for its wealth division, David Bailin, is leaving the bank after 15 years.

16.04 / 16:23

markets JPMorgan economy Citigroup wellness reports Three key takeaways from big bank earnings

America’s biggest banks reported stronger-than-expected earnings in the first quarter, highlighting how a resilient economy is helping power everything from Main Street to Wall Street. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley all reported revenue and earnings that beat or met analysts’ expectations. Consumer spending remained robust.

16.04 / 11:57

markets Citi Citigroup Trade Large long futures pullback could worsen stock weakness: Citi

Any further weakness in the US stock market could be exacerbated as investors sell their large long futures position, according to Citigroup Inc. strategists.

14.04 / 08:45

Citi JPMorgan economy Citigroup wellness War reports Financial Big banks warn of uncertain year ahead after mixed financial performances in the first quarter

Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere

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