Citigroup

Exclusive: Republicans, NRA secretly pressure Citigroup to back off restrictions on gun sellers

<b>(AP/Getty/Salon)</b><p>Senate Democrats, gun safety groups investigate apparent NRA campaign to undo Citogroup’s gun-sales rules<p>Amanda Marcotte<p>June 18, 2018 10:00am (UTC)<p>After the February school shooting in Parkland, Florida, that ended the lives of 17 people, a number of corporations took high-profile …

Guns

Venezuela Oil Production May Sink To 1 Million Bpd As Early As This Year

Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million bpd as early as this year, analysts and industry …

Oil

Citigroup settles Libor charges for $100 million

Citigroup has agreed to pay $100 million to settle charges by most states that it rigged the Libor benchmark interest rate to boost profit at the …

New York State

Citigroup reaches $100m settlement with US states over Libor | Financial Times

Citigroup has reached a $100m settlement with a group of US state attorneys-general over allegations it rigged the Libor benchmark.<p>It is the latest …

Investing

Citigroup Agrees to Pay $100 Million to 42 States in Libor Probe

Citigroup Inc. agreed to pay 42 states a combined $100 million to resolve a probe into fraudulent conduct tied to interest-rate manipulation that …

Corruption

Ohio, 41 other states settle lawsuit with Citigroup

Citigroup has agreed to pay Ohio and 41 other states a total of $100 million to settle allegations of fraudulent conduct involving a key interest …

Financial Markets

Citigroup to pay $100 million in rate-rigging settlement

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New York State

Hinduja Leyland Finance files prospectus for IPO

Hinduja Leyland Finance Ltd., a non-banking finance company, has filed a draft red herring prospectus for its Initial Public Offering (IPO) with the …

The City

Citigroup agrees to pay $100M to 42 states to settle LIBOR manipulation probe

Citigroup (C -0.1%) to pay $100M to 42 states to settle allegations that the bank misrepresented a key interest rate that affects financial …

Business

Citigroup Signals It's OK With Minority Stake in China Venture

Citigroup Inc. signaled a preference to maintain its minority stake in its China joint venture, taking a different tack than some other global banks …

China

Citigroup's Business Strategy in Asia-Pacific

Francisco Aristeguieta, Asia-Pacific chief executive officer at Citigroup, discusses the company's growth story, their joint venture in China, the …

Employment

Senators want probe of US SEC member and Republican who berated Citigroup on its gun stance

Citigroup directs clients to restrict the sale of firearms to those under 21 and who haven’t passed a background check; Republican SEC commissioner …

Business (South Africa)

Citigroup CFO sees flat second-quarter markets revenue versus year earlier

© Reuters. FILE PHOTO - The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto<p>By David Henry<p>NEW YORK (Reuters) - …

Markets

Senate Democrats seek probe of SEC comments to Citigroup on guns

© Reuters. Commissioner of the U.S. Securities and Exchange Commission Piwowar speaks at the Milken Institute 21st Global Conference in Beverly …

Financial Regulation

Citigroup could shed as much as half of its 20,000 tech and operations staff due to automation: FT

Citigroup's investment banking business could shed as much as half of its 20,000 technology and operations staff in the next five years due to …

NYSE

The spectacular stock market rise of an Indian budget supermarket chain

A Mumbai-based entrepreneur’s retail chain is having a dream run on the stock market.<p>Avenue Supermarts, which was started by stock market veteran Radhakishan Damani and which runs the popular D-Mart chain of supermarkets, crossed Rs1 lakh crore ($15.1 billion) in market capitalisation for the first …

Stock Markets

Citigroup's investment banking unit to cut jobs in next five years - FT | Reuters

June 11 (Reuters) - Citigroup Inc’s investment banking business will shed as much as half of its 20,000 technology and operations staff in the next five years, the Financial Times reported on Monday, citing Jamie Forese, the division’s head.<p>Forese said the positions, which make up almost two-fifths …

Investment Banking

Citigroup Backs Key Deutsche Bank Investor After Rout

Citigroup Inc. jumped in as a financier for a key Deutsche Bank AG shareholder after Bank of America Corp. dropped out to pare potential risks linked …

Deutsche Bank

Citigroup warns banking jobs could be replaced by machines

Citigroup’s investment bank has warned 20,000 technology and operations jobs will go in the next five years, as machines displace humans.<p>Jamie …

Employment

Citi group is the top recruiter at IIT Madras this year

Citi group was the top recruiter at IIT Madras by providing offers to 25 students even as placement season for 2017–18 came to an end at the …

The City

Citigroup Will Thrive Regardless Of Interest Rates

Citigroup (NYSE:C) has seen a slight decline this year, from a high of $80 to $67.28 at the time of writing:<p>In my last article, I made the argument …

Business

Canadian Imperial Bank of Commerce upgraded by Citigroup and CIBC

Canadian Imperial Bank of Commerce (NYSE:CM) -0.19% upgraded by Citigroup and CIBC to buy.<p>MarketBeat<p>Now read: <b>Canadian Imperial Bank Of Commerce:</b> …

Bay Street

Continued Scandals Are Keeping Citigroup Inc. Stock Cheap

Of all the biggest U.S. banks <b>Citigroup Inc.</b> (NYSE:<b>C</b>) is the only one whose price remains below its book value. After topping that level during the …

Investing

Government taps former Citigroup boss to lure overseas investors

Citigroup banker Mark Slaughter has been appointed by the government to spearhead efforts to attract more investment into the UK.<p>The Department for …

Business (UK)

Citigroup's Elmer Is Skeptical Euro Rally Can Continue

Todd Elmer, senior G10 FX strategist at Citigroup, discusses expectations from the ECB, Italy's political turmoil and their impact on the euro. He …

The City

Citigroup's Levkovich Says He's a 'Modest' Bull, Sees Volatility

Tobias Levkovich, chief U.S. equity strategist at Citigroup, discusses how bullish he is on the current market and his outlook for volatility. He …

Markets

ANZ, Citigroup and Deutsche Bank face criminal cartel charges

Criminal cartel charges have been laid against ANZ, CitiGroup and Deutsche Bank and senior executives within each bank after an ACCC investigation. …

Deutsche Bank

Australian watchdog charges ANZ, Citigroup and Deutsche with cartel offences

The Australian Competition and Consumer Commission has charged ANZ Bank, Citigroup and Deutsche Bank with criminal cartel offences following an investigation.<p>Senior executives John McLean, Itay Tuchman and Stephen Roberts of Citigroup, Michael Ormaechea and Michael Richardson formerly of Deutsche …

Deutsche Bank

Trade Skirmishes May Increase, Citigroup's Chua Says

Johanna Chua, Asia-Pacific chief economist at Citigroup Inc., talks about trade disputes between the U.S. and other nations. She speaks with Yvonne …

Economics

ANZ, Deutsche Bank, Citigroup Face Criminal Cartel Charges

Australia’s banking industry faces an unprecedented criminal prosecution as Australia & New Zealand Banking Group Ltd. and two of its underwriters, …

Deutsche Bank