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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....
...GILLIAN TETT: There's a cynical view sometimes expressed on Wall Street which is that when a big company gives a top job to a woman, it's often because the company is in trouble....
...The Money Supermarket The 1998 megamerger between banking giant Citicorp and insurer Travelers Group created the world’s biggest financial services company. The experiment hasn’t gone to plan....
...In 1998, Citicorp’s John Reed, in promoting its merger with Sandy Weill’s Travelers Group, said it was Citi’s ability to sell a supermarket of financial products “on a local basis” that would make the deal...
...the crisp company....
...A group of players gathered for the Travelers Championship in Connecticut this week met PGA Tour leaders on Tuesday at the private golf course TPC River Highlands....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
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...I’d be interested to hear readers’ shopping experiences: what’s your main way of stocking up on gifts ahead of the festive season? Email me your thoughts at sid.v@ft.com....
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...“This may not be the right time for the government to go to the market to raise money, as there is so much vulnerability in stock markets,” said V Upadhyay, adjunct professor of economics at the Indian Institute...
...But one of the jewelled eggs was bought in 2004 by the now sanctioned oil and gas mogul Viktor Vekselberg, who later passed its ownership to a company registered in Panama, Lamesa Arts Inc; it is usually...
...Which fintech tie-ups do you see happening by the end of the year? Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...What’s missing is an integrated smartphone mount to aid with viewing the app, but you could add one yourself or wait for the V, which will include one....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...The vision for the 200-year-old bank that Fraser will lay out at the company’s March 2 investor day is more modest than the global financial supermarket imagined by Sandy Weill, who merged his Travelers...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...And don’t miss the cyber security scare that is threatening a JPMorgan investment in the payments space. Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
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...UK to probe Uber’s Autocab dealThe Competition and Markets Authority has launched an investigation into Uber’s acquisition of the taxi technology company, Autocab, over fears the tie-up could limit competition...
...The trial between Epic Games and Apple is set to kick off today, and the controversial Dakota Access Pipeline is back in federal court....
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