Page 2 - Citigroup

Citi sees chances of global recession nearing 50% due to Ukraine war, Covid

Recession is an 'increasingly palpable risk' for the economy, Citigroup analysts wrote in a note on Wednesday

US-based Citigroup adds more capacity in its Chennai, Pune workspaces

US-based bank Citigroup Inc on Thursday said it has inaugurated two state-of-the-art workspaces in Chennai and Pune under its Citi Solution Centres network that would augment the capacity to serve

We will double down on India, says Citigroup CEO (India) Ashu Khullar

'The consumer business has over the years become largely dominated by domestic players, not only in India but globally'

Citigroup behind error that wiped out $315 billion from European markets

The bank said it identified the error "within minutes" and corrected it

Error by Citigroup trader caused 'flash crash' in Europe markets

A flash crash is an extremely fast fall in the price of one or more assets, often caused by a trading mistake

Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI

Traders argue that the transactions are structured as so-called forward rate agreements, which are permitted by the RBI, allowing them to clear internal compliance checks

Nasdaq, S&P 500 fall as growth shares lose steam, mixed Q1 results by banks

Twitter rises on Elon Musk's $41-bn buyout offer'; Morgan Stanley, Citi rise after results; Wells Fargo slips after quarterly profit drops

Citigroup's Q1 profit sinks 46% on loan loss provisions, dealmaking slump

Citi adds $1.9 bln of reserves for Ukraine crisis; investment banking revenue slumps on SPAC slowdown

JPMorgan's Q1 profit falls 42% on slowdown in deals, trading

The largest US lender, whose fortunes are often seen as a barometer of the health of the economy, posted a profit of $8.28 bn, or $2.63 per share, in the quarter ended March 31

Testing the tenacity of multinationals

Exiting from India is mostly part of the global strategy of the marquee firms to put their energies into more lucrative projects and deal with easier markets

Axis Bank-Citi deal: Brokerages list key positives & negatives for the bank

The affluent credit card segment was seen as a gap in Axis Bank's customer positioning and will fit in the lender's retail portfolio.

Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses

The private lender has acquired Citigroups' Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans in an all cash deal worth Rs 12,325 crore.

Axis Bank acquires Citi's consumer business in India for $1.6 bn

The all-cash deal includes Citi's credit cards, retail banking, wealth management and consumer loan

Citi deal can perk up Axis Bank's prospects, but there are challenges too

Cheaper-than-expected valuation for the above-average customer franchise is positive; extracting synergies, smooth integration among key challenges

Axis Bank acquires Citi's India consumer business in a Rs 12,325-cr deal

Acquisition of 3 million unique customers of Citibank India to enhance Axis Bank's presence in the key identified growth segments, the Mumbai-headquartered lender said

Citigroup to sell India consumer business to Axis Bank for $1.6 bn

The deal will include the transfer of about 3,600 Citi employees to Axis, and Citi expects the release of about $800 mn of allocated tangible common equity after the deal

Trading 'queen' and mystery guru: Strange tale engulfs NSE in scandal

Allegations of misconduct may not just delay exchange's much-awaited IPO, but also hurt its growing clout in the global equity market.

Citi's Asia Pacific arm to hire 350 people in 3 years to accelerate growth

The Asia Pacific hiring represents the largest investment in headcount across CCB globally, the foreign lender said

Citigroup Inc plans 900 hires for commercial banking unit over three years

Citigroup Inc's commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank's Asia Pacific business

Citigroup plans 900 hires for commercial banking unit in Asia Pacific

China and India will each get around 80 new hires. Hong Kong will add close to 100 people