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...Investment banks have yet to be appointed to work on the potential transaction, of which the timeframe remains under consideration....
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...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...It was once the largest corporation in the world, and its plants lined the banks of Pennsylvania’s Monongahela River. The closure of those plants was lamented in a song by Bruce Springsteen....
...“We lost a bunch of American nuclear plants in part because Amazon and others refused to accept nuclear as clean,” said Mark Nelson, managing director of the consultancy Radiant Energy Group....
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...For the past five years, I have been covering tech for Nikkei Asia from the centre of American innovation....
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...The 171 Max 9 jets grounded after the Alaska incident are expected to return to service soon....
...“I was stuck at the checkpoint for a couple of hours with no phone service . . . ” Why?...
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...Diageo has appointed John Manzoni, the former head of the UK civil service, as chair from February next year. He will replace Javier Ferrán....
...He ruffled feathers with a brutal early 2000s restructuring of the investment bank, and later became chief client officer....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...Few outside the mahogany corridors of Manhattan’s legal elite are aware that Citigroup, the struggling US bank in the midst of a giant round of lay-offs, is the most dominant service provider to the legal...
...Black investors embrace stocks Black Americans comprise the fastest growing segment of investors in stocks with almost 40 per cent of them putting money into the market in 2022, according to the WSJ....
...The American justice system is an “adversarial” one in which sides compete to persuade a judge or jury....
...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...The bank said it was still predicting the US would enter a recession during the first half of next year. Last week, Fraser said “cracks” were emerging in the finances of many Americans....
...Private credit and leveraged lending markets remain vulnerable to “sharp revaluations”, the Bank of England has warned, in its latest attempt to sound alarm bells about risks building up in non-bank finance...
...banks....
...GILLIAN TETT: When Citibank did its famous merger in 1998, it really became a symbol of the changing American regulatory landscape and the changing ambitions of American banks....
...It’s a theoretical number,” said Nigel Dawn, global head of private capital advisory at investment bank Evercore....
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