Hints and tips:
...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....
...DIANE GLOSSMAN: You had on the one hand Citi that had a huge business around the globe, known to be an innovator in technology and credit card....
...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....
...Private credit’s investment-grade push A few private credit deals have caught DD’s eye as of late — earlier this month, Apollo bought $2bn of AT&T preferred stock, and last week KKR agreed to buy up to...
...It limits credit risk and is available on the exchange.”...
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...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 financial conglomerate with John Reed’s Citicorp...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...The former is big in the stock market index business, credit ratings and energy analysis....
...Citigroup was formed in 1998 when Sandy Weill merged Travelers, where he was chief executive, with Citicorp....
...USA Inc — in other words offering a dire signal on the outlook”....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Business groups and think-tanks are making a mistake to cast Uber v London as a totemic fight to preserve capitalism....
...WPP will also reduce is planned capex from £400m to v£300m....
...Retailers will be charged an average of 40 per cent less on purchases made in the European Economic Area using Mastercard, Maestro, Visa, Visa Electron and V-PAY credit and debit cards issued in countries...
...He credits Uber with delivering the functionality to make a novel legal idea work in the real world. “The technical people there never said ‘no’,” he says....
...Credit Suisse advised Lyft when it secured a $500m investment from General Motors in 2016....
...whopping €4.3bn antitrust penalty by the EU against Google for abusing its power in the mobile phone market was nearly double what it was charged last year for favouring search results from its shopping service...
...To Mr Cohen’s credit, YouTube has successfully brokered fresh licensing agreements with two of the big three record labels since he took over....
...Spotify, the music streaming service, plans to list existing private shares directly on NYSE as soon as the fourth quarter rather than doing a formal IPO....
US stock volatility indices closed at their highest level of the year, US capital markets correspondent Eric Platt reports.
...In fact, we think Avis deserves a lot of credit for running a tight ship and managing the company well in a challenging environment....
...The company’s executives credit the turnround to its high-tech cable box called the X1 — a robot-esque TV guide that Comcast compares to Amazon’s digital assistant, Alexa....
...Tracking stocks owe their origins to General Motors’ acquisition of the EDS IT services business from Ross Perot in 1984....
...The credit crunch which began that year prompted the board to reconsider its plans, but it decided to press on....
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