Page 8 - Citigroup

Citigroup can't recoup Revlon payouts after nearly $900 mn gaffe: US judge

The case stemmed from an incident where Citigroup, acting as Revlon's loan agent, wired $893 million to Revlon's lenders, appearing to pay off a loan not due until 2023

Reliance arm sheds entire stake in Pennsylvania shale assets for $250 mn

Citigroup Global Markets acted as financial advisor to Reliance and Gibson, Dunn & Crutcher LLP served as its legal counsel

Citigroup hires Black-owned firms for $2.5 billion bond distribution

Citigroup has hired four Black-owned firms to distribute a $2.5 billion bond issuance to investors, as part of its work to promote racial equity in the capital markets

Higher costs, weak revenue cloud Citigroup's quarterly profit beat

Citi's profit fell 7% even as its peers JPMorgan and Wells Fargo & Co posted profit growth in the fourth quarter.

Citigroup quarterly profit beats estimates as loan loss provisions slow

Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations

Citi appoints Shahmir Khaliq as head of Treasury and Trade Solutions

Khaliq, who was the head of Operations and Technology at TTS, has also served as the company's global head of Direct Custody & Clearing within Markets and Securities Services unit

How Madurai boy Anand Selvakesari is breaking the mould at Citigroup

A career Citibanker (sign-up year: 1991), he came into the spotlight as the person who rewired the New York-based financial behemoth's Indian retail operations in July 2011.

Tepid response to Federal Mogul OFS, bids received for less than 10% shares

Market participants said high valuation and low liquidity at the counter was behind the poor response

Citigroup fends off ultra-low interest rates, beats profit estimates in Q3

Adding to the bullish message from bumper results from peer JPMorgan, the bank reported respectively 18 per cent and 15 per cent jumps in revenue from bond and stock market trading

JPMorgan, Citigroup profits improve amid signs of economic recovery

Two of the nation's biggest banks JPMorgan Chase and Citigroup said Tuesday that their profits improved markedly over the summer

Citigroup fined $400 million, agrees to fix 'longstanding deficiencies'

Citi said it was disappointed to have fallen short of regulatory expectations and has "significant remediation projects" under way

Citigroup terminates manager involved in running QAnon website

Citigroup Inc said it terminated a manager in its technology department following an investigation into his role as the operator of a popular website dedicated to the unfounded QAnon conspiracy theory

Investors should switch from European stocks to emerging markets: Citigroup

A gauge of the European economy fell unexpectedly in September, amid a resurgence in coronavirus cases that has dampened investor ardor toward the region's shares

Citi appoints Arjun Chowdhry as acting head of consumer banking in India

Chowdhry, who has been with Citi for 25 years, currently serves as the head of credit cards, payments and unsecured lending for the American bank in India.

Citigroup to set aside over $1 billion to combat racial wealth gap

Citi's statement comes amid a broader re-think of racism in the United States in recent months

Citigroup to hire 6,000 youth in Asia as unemployment numbers rise

It's also offering 60,000 job training opportunities for youth below the age of 24 over the next three years across its retail and institutional businesses in the region

World Coronavirus Dispatch: Citigroup to resume job cuts after pause

Hong Kong plans new stimulus as economy falters, China's recovery gathers speed on retail rebound, some jobs may permanently move to machines and other pandemic-related news across the globe

Women of Wall Street ask 'Who's Next' after Citi picks Jane Fraser as CEO

As congratulations rolled in across Wall Street for its newest boss, diversity advocates said the financial industry has a lot more to do to reach gender equality, pay equity

Citigroup's next CEO has a Herculean task: Turning the bank around for real

When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her

Citigroup's Jane Fraser describes working mom's challenges on Wall Street

Citigroup Inc named consumer banking head Jane Fraser as the bank's next chief executive officer, making her the first woman to lead a major Wall Street bank