Page 9 - Citigroup

Citigroup picks Jane Fraser as next CEO, first woman in that role

Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank

Citigroup gets temporary freeze on brigade money in $900-million error

A federal judge Wednesday froze $127.3 million that HPS Investment Partners LLC has refused to return and $109.7 million that Symphony Asset Management LLC is holding

Jack Ma's Ant seeks $200 billion value in landmark dual IPO: Report

Ant is planning to list on Shanghai's STAR market & Hong Kong

Morgan Stanley posts record profit on trading boom amid Covid-19 crisis

Trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup

Goldman Sachs revenue from trading stocks and bonds surges 93%

Revenue from trading stocks and bonds surged 93 per cent, surpassing what analysts had expected

Banks stockpile billions as they prepare for things to get worse

Collectively, JPMorgan Chase, Citigroup and Wells Fargo have put aside $25 billion during the second quarter, they said. As a result, their quarterly profits plunged.

JPMorgan, Bank of America, Citi among banks facing US probe over PPP loans

"The banks' wealthiest clients had access to a personalized application process that ensured their applications were processed first," according to the letters sent by the committee Monday

Why foreign lenders are rushing to invest in Indian retail banking space

Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals

Pramit Jhaveri: Taking charge at a challenging time for the Tata trusts

In the days to come, Jhaveri can be expected to play a larger role at one of the country's largest business groups

Bank of England fines Citigroup 44 million pounds for regulatory failures

BoE's banking supervisory arm, said Citigroup's UK framework for reporting data to regulators was not designed, implemented or operating effectively

Pramit Jhaveri, who brought scale to Citi's India business, retires early

His resignation was announced by the Citi Asia Pacific chief executive Peter Babej over email to the employees

Google to launch checking accounts next year in a tie-up with Citigroup

The move would come as internet titans become increasingly involved in online financial transactions and e-commerce

Google's Citi tie-up for current accounts: Deeper push for financial data?

Google has spent years building out its payments capabilities, offering consumers the ability to send money to friends

Soon, Google to offer current accounts in partnership with Citigroup

The details of the project, named Cache, were first reported by the Wall Street Journal and follow moves by tech heavyweights Apple Inc and Facebook Inc into the financial industry this year

Citi to cut hundreds of trading jobs as Wall St fears more challenges ahead

The New York-based bank plans to slash jobs across its fixed-income and stock-trading operations over the course of 2019, according to people familiar with the matter

Citigroup hit hardest as EU fines banks $1.2 billion over foreign exchange

Barclays was fined 210.3 million euros and Mitsubishi UFJ Financial Group must pay nearly 70 million euros

With a 4% raise, Citigroup CEO's total compensation at $24 mn in 2018

Earlier this month, Bank of America Corp disclosed CEO Brian Moynihan's annual compensation rose 15 per cent to $27 million

After good Q4 show, Citigroup eyes $2-bn more revenue from lending in 2019

Citigroup cited widening credit spreads and the market correction in December for the fall

Indian-origin trader accused of forex scam in US called 'golden boy'

The ex-trader, Rohan Ramchandani, is on trial in federal court in New York

One chairman-CEO or two separate roles, Citigroup has to decide soon

The matter will be resolved in the next few months as the current chairman, Mike O'Neill, reaches 72, the company's retirement age for directors