Sunday 21 December 2014
 
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Citigroup

Firms bid for Citi’s card business in Japan

Three companies have emerged to make a joint bid for Citigroup’s credit card business in Japan, the Nikkei reported, as the US lender goes ahead with plans to exit consumer banking in the country. Shinsei Bank, department st

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Batelco hires Citigroup to sell Jordan unit

Bahrain’s leading telecommunication operator Batelco has mandated Citigroup to sell its Jordanian mobile operator Umniah, two sources familiar with the matter told Reuters. Umniah, Jordan's No 3 mobile operator by subscr

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Citi dropped from ECB forex contact group

The European Central Bank (ECB) has dropped Citigroup from its experts' working group on foreign exchange, days after the US bank was fined by US and UK regulators for failing to stop traders from trying to manipulate the currency market.

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Global banks fined $3.4 billion in forex probe

Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Sc

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Citi pulls out of consumer banking in 11 countries

Citigroup said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with the biggest international business looks to cut persistently high costs. The third-largest US bank, built with a s

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Citigroup posts $3.9bn net income

Citigroup reported a stronger-than expected adjusted quarterly profit as its fixed-income business performed ahead of forecasts, and the bank cleared another hurdle by reaching a $7 billion settlement over its sale of flawed mortgage securitie

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Citigroup names new Qatar chief executive

Citigroup has named Carmen Haddad as its new chief executive officer for Qatar, the US lender said on Monday. Haddad is currently head of Citi's private banking business in the Gulf and Egypt. He will continue in this role, as

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US finalising lawsuit against Citigroup

The US Justice Department is finalising a lawsuit against Citigroup over the bank's sale of residential mortgage-backed securities after negotiations to resolve the matter broke down. Two people with direct knowledge of the ma

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Citigroup's net income surges to $4.5bn

Citigroup posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high. First-quarter adjusted net income

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Court upholds Citi arbitration win in Adia case

A US appeals court has rejected the Abu Dhabi Investment Authority's (Adia) effort to void Citigroup's arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisis.

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