Business
JPMorgan, Citi shift to remote work in Middle East amid Iran conflict
Several major US banks, including JPMorgan and Citigroup, have directed their employees in the Middle East to work remotely. This move…
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citigroup
Business
Citigroup CEO Jane Fraser’s pay rises to US$42 million after banner year
GROUP said on Thursday it had approved US$42 million for CEO Jane Fraser’s total compensation for 2025, up nearly 22 per cent from a year…
Business
Citigroup to lay off more employees in March
Citigroup is expected to lay off more employees in March following a round of about 1,000 job cuts this month, according to two sources…
Business
Bank of America, Citigroup weigh new cards with 10% rate
Some bank executives have publicly said that they agree with Trump’s focus on affordability Bank of America and Citigroup are exploring…
Business
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia Citigroup said…
Business
Citigroup, Daiwa are latest to expand Japan dealmaking teams
This is due to hostile takeovers no longer being taboo, and private equity and activist investors are more prominent It is a good time to…
Business
Citigroup to boost Japan investment banking team on deal boom
Other banks are strengthening their investment banking operations in Japan as well CITIGROUP will further increase its investment banking…
Business
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia Citigroup will move most of its…
Business
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange…
Business
Citigroup India nears US$1 billion book of asset backed securities
While securitisation deals are common in developed economies, the country’s market is still nascent Citigroup’s India unit has more than…
Business
Citigroup to tie up with Coinbase to boost digital payments for institutional clients
Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the US bank’s institutional…
Business
Citigroup opens Riyadh HQ as Wall Street CEOs forge deeper Saudi ties
he firms join several other international financial giants, including Morgan Stanley and BlackRock, in securing an HQ license and moving…
Business
Citigroup plans to pull lead from LME Singapore warehouses
Companies that deliver metal for rent deals do not have to retain ownership of the metal Citigroup is planning to withdraw large amounts…
Business
Citigroup sees investment-banking fees, markets up mid-single digits
Volatility has whipsawed global markets since US President Donald Trump announced tariffs on trading partners around the world Citigroup…
Business
Citigroup considers custody and payment services for stablecoins, crypto ETFs
Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy…
Business
Citigroup hires Goldman, Millennium alum for Asia prime finance
Citigroup hired Goldman Sachs and Millennium Management alumnus Jignesh Patel as Asia-Pacific prime finance head, as it seeks to expand…
Business
Citigroup lifts S&P 500 year-end target to 6,600
Citigroup raised its year-end target for the S&P 500 index to 6,600, betting on US President Donald Trump’s tax and spending bill boosting…
Business
Citigroup reshuffles rates business with a heightened focus on Japan
Citigroup is reorganising its regional rates businesses in a move that includes a sharper focus on the non-linear market in Japan. Thomas…
Business
Citigroup hiring for Asia rates, prime teams on hedge fund flows
Citigroup plans to increase headcount in its Asia rates and prime businesses by 5 to 10 per cent over the next year to cope with booming…
Business
Citigroup backs silver to soar just as gold’s rally loses steam
Silver will extend a rally beyond US$40 an ounce in the coming months on tightening physical supplies and growing investment demand,…
Business
Citigroup looks to issue its own stablecoin to smooth payments
Citigroup is considering issuing its own stablecoin, positioning the company as a possible early mover in the push by traditional banks to…
Business
US banks JPMorgan and Citigroup see lower recession risk despite tariff fog
Large US banks reported results that topped estimates on Tuesday as executives pointed to American economic resilience and said businesses…
Business
Citigroup shares hit highest since 2008 after profit beat, buyback plan
Citigroup’s shares briefly touched their highest since the 2008 financial crisis after the bank beat Wall Street estimates for…
Business
Citigroup profit beats estimates on trading, deals windfall
Citigroup’s quarterly profit beat Wall Street estimates on Tuesday (Jul 15), as its traders brought in a windfall from turbulent markets…