Page 2 - Citibank

DBS can fund $2 billion for Citi India's assets, Bernstein analysts say

DBS CEO Piyush Gupta had said that he is interested in the U.S. bank's assets that are for sale in India, as well as in China, Taiwan and Indonesia.

Why Citibank is selling its consumer business in India

It's a strategic decision by Citigroup's new CEO, not a reflection on its India operations. Regulators' displeasure and investors' ire are behind it

Global finance majors rush with Covid aid; Citibank to donate Rs 200 crore

With India continuing to reel under the second wave of COVID-19 infections, multinational financiers pitched in with relief efforts on Wednesday, led by a Rs 200 crore commitment by Citibank

Citi may be spoilt for choice for consumer business suitors: Analysts

Process may take more than a year to complete, say analysts; business as usual as of now

Citigroup's retreat highlights global banks' struggle in China, India

Increased rivalry from domestic lenders, especially in consumer financing, and competition for top talent contribute to challenges.

Citi's exit from retail banking an opportunity for Indian banks: Analysts

Among its various business verticals, analysts say Citi's credit card business will be most sought after by suitors

Citigroup announces retail business exit from India, 12 other countries

Says it lacks the scale to compete in retail space, will focus on wealth management business

US banking major Citibank to exit consumer banking business in India

This is part of the bank's global strategy

Citibank likely to hive off consumer banking business in India

Reorganising global consumer operations on the table of new CEO

Citigroup to offer workers a 12-week sabbatical amid Covid-19 pandemic

Staffers also will be able to buy as many as five extra vacation days annually starting next year

Goldman, Citi, HSBC hit pause on UK office return after Johnson plea

Goldman Sachs is encouraging its London employees to go back to working remotely if possible, though its Plumtree Court office will remain open for those who need it

Citibank's India consumer banking chief Shinjini Kumar steps down

Kumar, 53, had joined the bank in 2017 from Paytm Payments Bank, where she was the chief executive

Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector

Issue involves fresh fundraise of Rs 1,000 cr and Rs 750 cr secondary share sale by promoter T S Kalyanaraman and PE firm Warburg Pincus

Citi's $900-mn 'clerical error' worst bungle on Wall Street in a long time

One financier involved likened the surprise payment to finding a fortune on the sidewalk

Banks to non-profit: How Luis Miranda made connecting with people his asset

Miranda tells Anjuli Bhargava how his life has been a series of happy accidents and unexpected connections

In biggest equity-raising exercise, Airtel launches $2-bn share sale

The numbers are based on changes in the company's balance sheet since the financial year 2014-15 (FY15) and upto September 2019

Eris Lifesciences soars 7%, hits five-month high in a weak market

In October, some large domestic mutual funds took an aggressive position in the stock, monthly disclosures show

Banking with Google

Regulators need to be watchful about sensitive financial data

Theft-proof ideas? Citi takes plagiarism test in spat with Matheno Films

A filmmaker has accused Citi India of 'picking up' his idea for their advertisement. But the production house has denied this vehemently and threatened legal action

Citibank to pay $30 million fine to settle real-estate violations

Federal law limits the time a national bank may hold foreclosed and "other real estate owned" (OREO) assets.