Page 4 - Citigroup

Best of BS Opinion: The resilient Indian markets, Citibank's woes, and more

Here are the best of Business Standard's opinion pieces for Monday

Why Citigroup and other foreign banks missed the India growth story

Regulatory framework also stifled Citi's growth in India despite its conscious efforts to make inroads in the country

After Citigroup, South Africa's FirstRand Bank to exit India after 12 years

First Rand India is a licensed financial services provider in India and operates as a "branch" of FirstRand Bank South Africa.

Citigroup plans to apply for stock, futures trading in China: Report

Khullar said India is a strategic talent pool for Citi and it will continue to grow the five 'Citi Solution Centers'

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 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

Citigroup to exit retail banking operations in India, 12 other countries

CEO Jane Fraser says Citi lacked the scale to properly compete in the 13 markets it is leaving

Kalyan Jewellers raises Rs 351 cr from 15 anchor investors, including PEs

The IPO comprises issuance of fresh equity up to Rs 800 crore and an offer for sale worth Rs 375 crore

Citigroup sees the days of traders slamming phones coming to an end

Citigroup has been working to boost the share of women from assistant vice president up through the managing director level to bolster its efforts to close the pay gap between male and female employee

Citigroup needs a new strategy for its lagging Asian consumer banks

Citi has pan-Asian heft, garnering about 30% of its revenue in the region from ASEAN nations

Bitcoin is at a 'tipping point', could face 'speculative implosion': Citi

Bitcoin is at a "tipping point" and could either become the preferred currency for international trade or face a "speculative implosion," Citi analysts said.

Citibank likely to hive off consumer banking business in India

Reorganising global consumer operations on the table of new CEO

Global retail banking: A particular breed heading for extinction

When HSBC and Citigroup were expanding, they were offering best-in-class consumer banking. As technology improved, local rivals have overtaken them

Citigroup can't recoup Revlon payouts after nearly $900 mn gaffe: US judge

The case stemmed from an incident where Citigroup, acting as Revlon's loan agent, wired $893 million to Revlon's lenders, appearing to pay off a loan not due until 2023

Reliance arm sheds entire stake in Pennsylvania shale assets for $250 mn

Citigroup Global Markets acted as financial advisor to Reliance and Gibson, Dunn & Crutcher LLP served as its legal counsel

Citigroup hires Black-owned firms for $2.5 billion bond distribution

Citigroup has hired four Black-owned firms to distribute a $2.5 billion bond issuance to investors, as part of its work to promote racial equity in the capital markets

Higher costs, weak revenue cloud Citigroup's quarterly profit beat

Citi's profit fell 7% even as its peers JPMorgan and Wells Fargo & Co posted profit growth in the fourth quarter.

Citigroup quarterly profit beats estimates as loan loss provisions slow

Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations

Citi appoints Shahmir Khaliq as head of Treasury and Trade Solutions

Khaliq, who was the head of Operations and Technology at TTS, has also served as the company's global head of Direct Custody & Clearing within Markets and Securities Services unit

How Madurai boy Anand Selvakesari is breaking the mould at Citigroup

A career Citibanker (sign-up year: 1991), he came into the spotlight as the person who rewired the New York-based financial behemoth's Indian retail operations in July 2011.