Page 6 - Citigroup

Why foreign lenders are rushing to invest in Indian retail banking space

Easing regulations and a surge in online banking are driving the change, with several overseas lenders increasing investment plans for the country to win affluent clients away from domestic rivals

Pramit Jhaveri: Taking charge at a challenging time for the Tata trusts

In the days to come, Jhaveri can be expected to play a larger role at one of the country's largest business groups

Bank of England fines Citigroup 44 million pounds for regulatory failures

BoE's banking supervisory arm, said Citigroup's UK framework for reporting data to regulators was not designed, implemented or operating effectively

Pramit Jhaveri, who brought scale to Citi's India business, retires early

His resignation was announced by the Citi Asia Pacific chief executive Peter Babej over email to the employees

Google to launch checking accounts next year in a tie-up with Citigroup

The move would come as internet titans become increasingly involved in online financial transactions and e-commerce

Google's Citi tie-up for current accounts: Deeper push for financial data?

Google has spent years building out its payments capabilities, offering consumers the ability to send money to friends

Soon, Google to offer current accounts in partnership with Citigroup

The details of the project, named Cache, were first reported by the Wall Street Journal and follow moves by tech heavyweights Apple Inc and Facebook Inc into the financial industry this year

Citi to cut hundreds of trading jobs as Wall St fears more challenges ahead

The New York-based bank plans to slash jobs across its fixed-income and stock-trading operations over the course of 2019, according to people familiar with the matter

Citigroup hit hardest as EU fines banks $1.2 billion over foreign exchange

Barclays was fined 210.3 million euros and Mitsubishi UFJ Financial Group must pay nearly 70 million euros

With a 4% raise, Citigroup CEO's total compensation at $24 mn in 2018

Earlier this month, Bank of America Corp disclosed CEO Brian Moynihan's annual compensation rose 15 per cent to $27 million

After good Q4 show, Citigroup eyes $2-bn more revenue from lending in 2019

Citigroup cited widening credit spreads and the market correction in December for the fall

Indian-origin trader accused of forex scam in US called 'golden boy'

The ex-trader, Rohan Ramchandani, is on trial in federal court in New York

One chairman-CEO or two separate roles, Citigroup has to decide soon

The matter will be resolved in the next few months as the current chairman, Mike O'Neill, reaches 72, the company's retirement age for directors

Citigroup may face penalty for denying discounts to minority customers

Citigroup spokesman Drew Benson acknowledged the problems but said the bank "firmly believes it has not engaged in discrimination or violated fair lending laws."

Gender parity: Citigroup hires three women as MDs for markets biz in Asia

Citigroup has created hard targets for raising the percentages of women and African Americans in management positions by 2021

Citigroup fails to reduce credit card interest charges; to refund $335 mn

The cost of the reimbursements has already been factored into Citigroup's 2017 results

Citigroup follows Morgan Stanley, UBS, quits recruiting pact

The decision was reached because it "allows us to continue to invest in our growing team of award-winning financial advisors," said Citigroup spokesman

Citigroup plans hiring drive as it re-enters Saudi Arabia

The bank obtained a licence in April to conduct capital markets business in Saudi Arabia

Citigroup Q3 profit up 7.6% on asset sale benefit, cost cuts

The fourth-biggest US bank by assets said on Thursday that net income rose to $4.13 billion in the third quarter

Citigroup tops 8-bank group for Petrobras fuel distribution unit IPO

Between 30-35% of BR Distribuidora could be sold in IPO by Nov, could be last market window of 2017