First Republic shares fall as private placement report stirs fresh liquidity fears Shares of First Republic Bank slumped 16% on Monday, leading losses among US lenders in premarket trading, after a... Published 20 Mar, 2023 03:36pm
Markets Wall Street giants move to rescue First Republic Bank NEW YORK: America’s largest banks moved Thursday to shore up First Republic, easing fears that the regional lender... Published 17 Mar, 2023 11:34am
Markets JPMorgan, other big US banks flooded with new clients post SVB collapse A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co and... Published 14 Mar, 2023 02:13pm
Markets NGOs denounce banks financing new oil and gas projects PARIS: Despite joining industry groups committed to reaching carbon neutrality the world’s top banks are ... Published 18 Jan, 2023 06:47am
Business & Finance Global banks cut jobs as cost pressures mount LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking... Published 16 Jan, 2023 06:18am
Business & Finance Citigroup misses profit estimates on provision hike, dealmaking slowdown Citigroup Inc reported a 21% fall in quarterly profit on Friday, missing forecasts, as the bank increased provisions... Published 13 Jan, 2023 09:03pm
World Citi cuts India current account deficit forecast to below 3% of GDP MUMBAI: Citigroup lowered its projection for India’s current account deficit (CAD) to 2.9% of gross domestic product... Published 04 Jan, 2023 05:39pm
Markets Growth stocks boost Wall Street ahead of Fed minutes NEW YORK: Wall Street’s main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data... Published 24 Nov, 2022 04:28am
Business & Finance US banks report solid results but warn of rising recession risk NEW YORK: Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks... Published 17 Oct, 2022 06:35am
Business & Finance Citigroup profit falls on higher loan-loss reserves, weak dealmaking activity Citigroup Inc reported a 25% drop in third-quarter profit on Friday as the most global of U.S. banks set aside funds... Published 14 Oct, 2022 05:58pm
Business & Finance Citi appoints Kamal Benkabbou as Head of Markets for Middle East, Egypt, and Pakistan Citi has appointed Kamal Benkabbou as Head of Markets for Middle East, Egypt, and Pakistan (MEEP) effective... Published 12 Oct, 2022 01:13pm
Business & Finance US banks seen building $5bn in reserves as recession risks grow WASHINGTON: The six biggest US banks are expected to set aside nearly $5 billion in the third quarter to cover ... Published 12 Oct, 2022 05:46am
Business & Finance Citigroup says it will close Russian consumer business Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starting this... Published 25 Aug, 2022 06:06pm
Opinion US, European banks could lose over $5bn from risky buyout loans Top US and European banks are facing tougher times in the riskiest parts of the loan market. The biggest US ... Published 18 Aug, 2022 05:27am
Business & Finance Citigroup results boosted by trading, higher interest rates NEW YORK: Citigroup reported better-than-expected results Friday following a strong performance in trading, as... Published 18 Jul, 2022 06:22am
Markets Oil may collapse to $65 by year-end amid concerns of demand-crippling recession: Citigroup Warning is in stark contrast to JPMorgan Chase where analysts earlier warned global oil prices could reach a 'stratospheric' $380 a barrel Published 05 Jul, 2022 04:04pm
Business & Finance Global M&A braces for dry spell LONDON/NEW YORK: Global dealmaking is entering an arid season as raging inflation and a stock market rout curb the... Published 26 Jun, 2022 05:44am
Business & Finance Citigroup sees chances of global recession nearing 50% Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates... Updated 23 Jun, 2022 04:10pm
Business & Finance The Saudi investment king who no longer rules alone DUBAI: The prince who’s the international face of Saudi business may no longer be able to call all the shots. For... Published 15 Jun, 2022 01:53pm
Markets Citigroup to hire 3,000 in Asia institutional banking business in growth push HONG KONG: Citigroup Inc plans to hire around 3,000 new staff for its institutional business in Asia in the next... Published 07 Jun, 2022 01:39pm
Markets Citi shares climb as Berkshire reveals new $3bn stake Citigroup Inc’s shares rose nearly 6.1% in early trading after a new $3 billion bet by billionaire investor Warren... Published 17 May, 2022 07:03pm
Business & Finance Citi looks for new manager in Delta One unit - sources Delta One is a trading unit that sells financial products to sophisticated investors Updated 17 May, 2022 01:06pm
Business & Finance Citigroup sets aside $1.9bn for Russia as US banks report mixed results NEW YORK: Citigroup said Thursday it set aside $1.9 billion in reserves due to Russia’s invasion of Ukraine as... Published 18 Apr, 2022 07:06am
Opinion Russian companies, banks could reap windfall from depositary receipt delisting Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if ... Published 17 Apr, 2022 05:51am
Business & Finance Citigroup sets aside $1.9bn due to Russian-Ukraine conflict NEW YORK: Citigroup said Thursday it set aside $1.9 billion in reserves due to Russia’s invasion of Ukraine, which... Published 15 Apr, 2022 05:29am
Business & Finance Russian companies, global banks could reap windfall from depositary receipt delisting WASHINGTON/NEW YORK: Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan... Published 15 Apr, 2022 05:29am
Business & Finance Citigroup expands Russia withdrawal, raising prospect of financial hit Citigroup Inc said on Monday it would expand its withdrawal from Russia and not take on new clients as it further... Published 14 Mar, 2022 06:53pm
Markets Australia drops landmark criminal cartel case against Citi, Deutsche SYDNEY: Australia on Friday withdrew a cartel lawsuit against Citigroup Inc, Deutsche Bank AG and several former... Published 11 Feb, 2022 10:40am
Business & Finance Dealmaking helps Deutsche Bank deliver biggest profit in a decade FRANKFURT: Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza,... Published 28 Jan, 2022 04:44am
Business & Finance Citigroup results show restructuring has its costs NEW YORK: Citigroup Inc displayed some of the financial bruises required for its current restructuring as it ... Published 17 Jan, 2022 07:06am