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...She left her previous role as head of Citi’s M&A business in Europe, the Middle East and Africa in March....
...It’s not like Citi has destroyed book value or, to us, has a big hole in its balance sheet like during the Global Financial Crisis (GFC)....
...The bank said in a regulatory filing on Tuesday that her remuneration, consisting of $1.5mn in base salary and a $24.5mn bonus, was based on Fraser streamlining Citi’s strategy and announcing “the most consequential...
...While Li Auto became China’s first major EV start-up to turn a profit last year, it is facing a price war and fierce competition in the world’s largest auto market....
...Citi reported net income of $3.4bn in the quarter, down 25 per cent from a year ago but better than the $2.3bn analysts had forecast....
...Nevertheless, Citi has work to do to hit its own medium-term target of achieving an 11 to 12 per cent ROTE by 2027. Citi’s US retail banking business will play a critical role in achieving that goal....
...The new rules on British Isas could generate an extra £1.5bn in investment in UK companies, according to Citi....
...Li Auto expects revenues of Rmb31.3bn ($4.4bn) to Rmb32.2bn in the first three months of 2024, short of a market consensus of Rmb36.4bn....
...DIANE GLOSSMAN: In hindsight, the Citi-Travellers deal created a lot of angst....
...Workers at a Volkswagen plant in Chattanooga, Tennessee voted to form a union on Friday, the first victory in the United Auto Workers’ campaign to build on last year’s strike against the Detroit Three by...
...A shift in investor sentiment could prove catastrophic, as price drops would spread through asset classes and cause global financial conditions to dry up....
...The UAW has outsized political influence in Michigan, a key swing state. Michigan voted for Donald Trump in 2016, but chose Biden in 2020, when the president received a UAW endorsement....
...The EU does not have a policy that allows it to buy and store the metal. Some opportunistic buying seems to be happening in the auto sector....
...British auto lenders could face up to £13bn in compensation payouts after the UK financial watchdog set out the length of a probe into historic commission agreements that allegedly led to consumers overpaying...
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...— auto-fiction....
...On a busy day at work in 2016, Matthew Panuwat took a break from his biotech executive job to make a stock trade on his computer....
...Davie’s speech comes as the broadcaster contends with huge financial challenges as a result of a government-imposed two-year freeze in the licence fee, which is payable by all households who watch live TV...
...Citi’s plan to expand in China comes as it undergoes its largest restructuring in more than a decade under chief executive Jane Fraser....
...It’s a drop in the stagnant UK equities ocean....
...This is a critical challenge in financial services....
...Miles Celic, chief executive of financial services lobby group The CityUK, welcomed the announcements....
...The new financial instrument joins an array of colourful bonds that have been sold in recent years in a bid to help the environment....
...of last year, according to a financial filing....
...But the unintended consequences of publicity could be more severe in financial services than in other sectors. Ofgem probes rarely cause customers to bolt or significantly move share prices....
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