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Citigroup Inc

First Republic Bank deposits tumble more than $100bn as it explores options

Published 25 Apr, 2023 11:54am

First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more...

Citigroup beats estimates on higher income from loans

Published 17 Apr, 2023 06:41am

NEW YORK: Citigroup Inc’s first-quarter profit beat Wall Street expectations on Friday as it earned more from...

Citigroup to recalibrate investment banking workforce as required

Published 09 Mar, 2023 12:48pm

Citigroup Inc’s chief financial officer Mark Mason said that the lender would adjust its investment banking...

Axis Bank completes deal to buy Citi’s India consumer business

Published 06 Mar, 2023 06:22am

MUMBAI: Indian private lender Axis Bank Ltd said on Wednesday it completed a deal to buy Citigroup Inc’s local...

Citigroup to hire 3,000 in Asia institutional banking business

Published 08 Jun, 2022 07:39am

HONG KONG: Citigroup Inc plans to hire around 3,000 new staff for its Asia institutional business in the next few...

Amazon to reimburse US employees who travel for abortions, other treatments

Published 03 May, 2022 03:47am

WASHINGTON: Amazon.com Inc, the second-largest US private employer, told its staff on Monday it will pay up to ...

Citigroup posts 48pc jump in profit on reserve release

Published 15 Oct, 2021 04:08am

NEW YORK: Citigroup Inc on Thursday reported a 48% jump in third-quarter profit that comfortably beat market...

Wednesday’s early trade: Main indexes ease

Published 15 Jul, 2021 04:03am

NEW YORK: Wall Street’s main indexes eased on Wednesday, with the S&P 500 retreating from a record high, as a...

Citi on Hong Kong hiring spree in effort to triple client numbers

Published 16 Apr, 2021 04:36pm

Many large global banks are looking to provide more services to wealthy clients in Asia, both the newly affluent and the super rich.
HSBC's latest strategy, for example, has a focus on wealth management in Asia.

Citigroup profit triples, exits some overseas consumer units

Published 15 Apr, 2021 07:38pm

Like JPMorgan Chase & Co, which reported earnings on Wednesday, Citi benefited from a boom in capital markets activity, but its consumer bank felt the impact of low interest rates that hurt earnings.
Revenue fell 7% on low interest rates and a 10% decline in loans, largely due to lower consumer credit card loan balances.

Bank of America to deploy $1 trillion for sustainable finance by 2030

Published 08 Apr, 2021 08:46pm

The initiative will help the bank's push for a greener economy through lending, capital raising, advisory and investment services to help low-carbon and other sustainable businesses, Bank of America said.
In February, Bank of America said it would target net-zero greenhouse gas emissions before 2050.

Nasdaq futures fall nearly 2pc as bond yields spike

Published 12 Mar, 2021 05:38pm

Futures off: Dow 0.06%, S&P 0.57%, Nasdaq 1.76%.
Nasdaq 100 e-minis were down 230 points, or 1.76%, S&P 500 e-minis were down 22.5 points, or 0.57%, and Dow e-minis were down 18 points, or 0.06%.

Citigroup offers rapid at-home COVID-19 tests to some US staff

Published 10 Mar, 2021 07:38pm

The at-home COVID-19 testing program uses a rapid antigen test, which offers results within 20 minutes, the bank said, adding the test is awaiting emergency use approval from the US Food and Drug Administration.
Citi said it has offered employees at its Chicago area branches and those working on its trading floors in New York a chance to participate in the home testing program.

Citi takes profits in South Africa currency trade

Published 16 Feb, 2021 06:56pm

Citi said it was taking profit on its three-month USD/ZAR put spread of 14.00 to 14.50, giving a total profit of 1.26% of the notional value. It purchased the put spread on Jan. 20.
Citi said the potential for a lowering in issuance of South Africa government bonds had already been partially absorbed by the market.

Taiwan punishes Deutsche Bank, others in currency speculation case

Published 07 Feb, 2021 11:59am

The punishments will come into effect on Monday, the central bank added.

Taiwan punishes foreign banks in speculation case

Published 05 Feb, 2021 07:42pm

The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products.
The suspension will be a year or more for the most serious cases, the sources said, without saying the length of time being applied to each bank.

Citi hires Black-owned firms for $2.5bn bond distribution

Published 28 Jan, 2021 09:29pm

Minority-owned broker dealers, Black-owned firms in particular, have historically and largely been shut out of the capital markets.
Mason is one of the industry's most senior Black executives.

Wall St closes higher as Yellen backs more stimulus

Published 20 Jan, 2021 10:15am

Tesla Inc shares rose after Jefferies raised its earnings estimates ahead of the electric-car maker's fourth-quarter results next week.

Citigroup profit beats, but shares dip on higher costs, weak revenue

Published 15 Jan, 2021 07:15pm

Shares in the bank, which have been trading at a 10-month high, fell 1.6% in premarket trading.
Citi had added more than $10 billion to its reserves last year in expectations of more loan defaults.

Citi appoints Shahmir Khaliq as head of Treasury and Trade Solutions

Published 13 Jan, 2021 08:45pm

Khaliq, who was the head of Operations and Technology at TTS, has also served as the company's global head of Direct Custody & Clearing within Markets and Securities Services unit.

Citigroup urges return of mistaken Revlon payment as trial ends

Published 17 Dec, 2020 12:56am

At the conclusion of a six-day non-jury trial, US District Judge Jesse Furman in Manhattan said he would rule as quickly as he could, while admitting "it's not the easiest case."
Ten asset managers including Brigade Capital Management, HPS Investment Partners and Symphony Asset Management have refused to return $501 million.

Citigroup defends actions at trial over $900mn Revlon blunder

Published 10 Dec, 2020 12:31am

The unusual case in Manhattan federal court could provide insight into Wall Street banks' relationships with clients.
Citigroup was "holding off" on firing a loan manager involved in the overpayment until after the trial. "I don't know," Farrell responded.

ANZ, Citi, Deutsche Bank committed for trial in Australian court on criminal cartel charges

Published 08 Dec, 2020 09:12am

The regulator has accused the investment banks of colluding over a A$2.5 billion ($1.8 billion) 2015 share issue to withhold unsold shares and keep the stock price from falling.

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 20	316.15
Diesel/Litre / Jul 20	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

Citigroup Inc

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