Monday 30 March 2015
 
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Citigroup

Citi sells stake in Turkey's Akbank for $1.2bn

Citigroup has sold its nearly 10 per cent stake in Turkey's Akbank for $1.2 billion, the US lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York-based Citi has been paring ba

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Citigroup sells stake in Turkey's Akbank for $1.2bn

Citigroup has sold its nearly 10 per cent stake in Turkey's Akbank for $1.2 billion, the US lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York-based Citi has been paring ba

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Mashreq profit jumps; bank eyes Citi's Egypt unit

Mashreq is holding talks with Citigroup about acquiring its retail banking business in Egypt and is targeting net profit growth in 2015 of between 6 per cent and 10 per cent, the Dubai bank's chief executive said on Sunday. Ab

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Mashreq eyes Citigroup's Egypt retail business

Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday. The bank is holding talks with Citi on the matter, Abdul Aziz

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UAE banks bid for Citigroup's Egyptian retail ops

Citigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the UAE heavily represented among the interested parties. Emirates NBD (ENBD) a

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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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