Hints and tips:
Showing results for Citi-Bank Corporation
Related Special Reports
...Goldman Sachs retained its leading position, followed by JPMorgan, Morgan Stanley and Bank of America. Citi was eighth, followed by European banks UBS and Barclays....
...Citi’s high-end private bank is one of three pillars of its wealth management business, alongside its Citi Gold brand, which caters more towards retail clients, and its “Wealth at Work” business which banks...
...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....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...Raghavan’s move to Citi puts him at the heart of one of the biggest reorganisations of a major bank in years. As Citi’s new head of banking, it also lands him in charge of its most troubled unit....
...The biggest profit driver was Citi’s corporate and investment bank, where fees jumped about 50 per cent from a year ago....
...The changes Fraser outlined last year are resulting in at least 20,000 job cuts at Citi, the third-largest US bank by assets....
...One of the US’s top banking regulators will release a report on Tuesday detailing complaints of years of workplace harassment at the Federal Deposit Insurance Corporation....
...Currently, Citi’s price to tangible book value ratio — at just 0.6 times — is the lowest among the largest US banks. This reflects Citi’s dismal return on tangible common equity....
...Citi is transitioning from 50 yrs. as a universal bank in dozens of countries to 5 LOBs....
...The data comes from individual banks, which are required to file detailed loan information with the Federal Deposit Insurance Corporation. The deadline for those filings was this past weekend....
...Among the bank’s $4bn in fourth-quarter charges and expenses included $1.7bn it had to pay as part of a “special assessment” from the Federal Deposit Insurance Corporation to recoup losses linked to last...
...The World Bank and Citi have launched a $100mn bond to combat waste, with repayments partly determined by the sale of plastic and carbon offset credits....
...Citi ranked as the fifth-largest investment bank in industry league tables, behind Goldman Sachs and Raghavan’s former employer JPMorgan....
...Citi is expected to report its full fourth quarter earnings, along with a number of rivals, on Friday....
...JPMorgan Chase and Citi also paid out more to depositors than they took in additional interest last quarter — about $350mm each....
...At Citi, the metric eked out a 1 per cent year-on-year gain but fell quarter on quarter....
...Sam Hewson, the bank’s head of FX sales, said the net amount asset managers have sold to Citi was “roughly twice as large as the historical norm over any two-week period over the past 10 years”....
...That shake-up is the driving force behind 20,000 job cuts at Citi, the third-largest US bank by assets....
...Late last year, the Federal Deposit Insurance Corporation proposed requiring banks to disclose more data on what types of shadow banks they are lending to....
...“It’s great for Jane [Fraser],” said one senior banker at Citi. Read the full story....
...Central banks: Malaysia’s central bank is expected to hold its overnight policy rate at 3 per cent when it meets today. The Bank of Japan releases a summary of opinions from its April policy meeting....
...Then, the top bank was Citi, and it had 8 per cent of the assets in the system; now it’s JPM, with 14 per cent....
...Citi is expected to provide more details on the restructuring when it announces results next week. Here’s what we know about Citi’s plans for China....
...Citi declined to comment....
International Edition