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Citigroup has announced the appointment of two seasoned bankers to senior roles within its Financial Institutions Investment Banking division. This move forms part of the bank’s strategic initiative to bolster its global insurance and specialty finance…
Citigroup, Inc. is ratcheting up its foray into tokenization and automation, responding to the growing demand from corporate treasuries for real-time access to liquidity and global cash visibility. The bank’s latest suite of digital services is designed…
Citigroup is gearing up for growth in Asia’s financial markets as its traders celebrate their best second quarter in five years. With a surge in initial public offerings (IPOs) invigorating client activity, Citi Markets intends to expand its workforce in…
Switzerland has always been a magnet for the super-wealthy. In the last two years, more families and their wealth have moved to the country. Citigroup’s General Market Manager for Switzerland said who has been coming over and why. Having worked in several…
The second half of next year could see an increase in M&A and leveraged finance deals as market makers move closer together in their earnings expectations, and pent-up deals come to fruition. Macro-economic uncertainty, triggered by the Ukraine war,…
Citigroup has reportedly selected the Union Bank of Philippines as its preferred bidder for its consumer banking assets in the country. Citi has chosen Union Bank as its preferred bidder for a potential sale valued at an estimated $1 billion, according to a…
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale…
First-quarter profits plummeted 46 percent at Citigroup due in part to its high exposure to unsecured lending via credit cards. Citi posted $2.52 billion in first-quarter profits and set aside $4.9 billion in anticipation of increasing defaults fuelled by the…
First-quarter profits plummeted 46 percent at Citigroup due in part to its high exposure to unsecured lending via credit cards. Citi posted $2.52 billion in first-quarter profits and set aside $4.9 billion in anticipation of increasing defaults fuelled by the…
Jane Fraser is landing a $12.5 million bonus as the bank looks to retain a likely successor to Chief Executive Officer Michael Corbat. The board’s compensation committee granted the award «in recognition of Fraser’s recent promotion to president and to…
Leading fashion technology platform Zilingo announces today the appointment of James Perry as its first Chief Financial Officer (CFO). The former Managing Director and Head of Technology Investment Banking for Asia Pacific at Citigroup has over 20 years of…
KFC Malaysia parent QSR Brands (M) Holdings, is arranging an IPO next year expected to raise about US$500 million. The company, which has both KFC and Pizza Hut restaurant concessions in Southeast Asia, Citigroup, Credit Suisse Group and Malayan Banking will…
The combined entities will be led by Jonathan Larsen, who is currently the global head of the company’s retail banking division. The newswire reported that the company has also named Anand Selvakesari head of consumer banking for Asia, a position held by…
Citigroup Inc (C.N) will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank’s Asian franchise this year. The U.S. bank’s Asia…
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