Page 6 - Citigroup

Citigroup to sell India consumer business to Axis Bank for $1.6 bn

The deal will include the transfer of about 3,600 Citi employees to Axis, and Citi expects the release of about $800 mn of allocated tangible common equity after the deal

Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal

Allegations of misconduct may not just delay exchange's much-awaited IPO, but also hurt its growing clout in the global equity market.

Citi's Asia Pacific arm to hire 350 people in 3 years to accelerate growth

The Asia Pacific hiring represents the largest investment in headcount across CCB globally, the foreign lender said

Citigroup Inc plans 900 hires for commercial banking unit over three years

Citigroup Inc's commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank's Asia Pacific business

Citigroup plans 900 hires for commercial banking unit in Asia Pacific

China and India will each get around 80 new hires. Hong Kong will add close to 100 people

Australia drops landmark criminal cartel case against Citi, Deutsche

After nearly four years of pre-trial hearings in packed courtrooms, federal prosecutors said they had pulled the case after reviewing the evidence

Wall Street's largest banks: Winning bets against super-sized Fed hike

Swaps markets by late Friday gave roughly 50 percent odds to such a move, though they have since eased back to around 32 per cent

Citi abandons day-old buy call in 'perfect storm' for India debt

Citigroup Inc. offered a glimpse of the conditions facing the nation's debt when it withdrew a buy call within a day of recommending purchases

Citigroup hires 5,500 young staff in Asia, ahead of 2023 target

Consumer banking operation has taken up 48% of the overall hires, followed by 31% for the institutional businesses with the remainder in support functions

Citi to sell retail arms in 4 Southeast Asian markets to Singapore's UOB

UOB buying Indonesia, Malaysia, Thailand and Vietnam operations

Citigroup Q4 profit drops on higher expenses, consumer banking weakness

Profit fell to $3.2 billion, or $1.46 per share, in the quarter ended Dec. 31, from $4.3 billion, or $1.92 per share, a year earlier.

Citi to exit Mexican consumer business as part of strategy revamp

Citigroup Inc will exit its Citibanamex consumer banking business in Mexico, the bank said on Tuesday ending its 20-year retail presence in the country

Citigroup revises India GDP forecast down by 80 bps to 9% for FY22

It says the economic impact of the Omicron wave in the fourth quarter could be lower than in previous waves, but activity momentum in the third quarter was much lower than expected

Citicorp Finance reworking business strategy to focus on corporate lending

Banking sources said Citigroup is in an advanced stage to sell its consumer business unit in India.

Citigroup applies for China securities license, to hire 100: WSJ report

The bank recently submitted its application to the China Securities and Regulatory Commission, says report.

Citigroup to split Institutional Clients Group's operations, tech functions

Citigroup Inc is planning to split the operations and technology functions of its unit, Institutional Clients Group

Citigroup to make 100 roles focused on digital assets including blockchain

Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.

Citigroup's Asia retail units may draw bids from DBS, StanChart

Binding bids for Citigroup's retail assets in Indonesia, the Philippines, Taiwan and Thailand are due on Friday, while offers for the India unit are due next week

US banks beat profit estimates on economic rebound, deals bonanza

JPMorgan Chase & Co, Citigroup, Wells Fargo & Co and Bank of America Corp reported a combined profit of $28.7 billion for the third quarter, beating analyst estimates

Citigroup bolsters India investment banking team on unprecedented deal boom

Companies have raised about $10.2 bn through IPOs in India this year, putting 2021 on track to beat its all-time record of $11.8 bn