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TRAI paper on floor prices could lead to tariff hikes, say analysts
Thu, Dec 19, 2019
Reacting to the Telecom Regulatory Authority of India (TRAI) floating a consultation paper on fixation of floor prices, analysts say it opens up room for more tariff hikes.
Citi fires eight Hong Kong traders after review finds misconduct - sources
Sat, Mar 23, 2019
"A review of Hong Kong-based cash equities execution identified personal conduct that did not meet our standards and we have taken appropriate action," the U.S. bank said in a statement to Reuters on Saturday.
Ambuja Cement, GSPL in hot stocks list even as Citi slashes Sensex target to 35,700
Mon, Apr 09, 2018
Citigroup has slashed the Sensex target to Rs 35,700 by December 2018 citing India Inc earnings problems going ahead. It has also replaced some stocks in its list that are expected to do well. Check out the top picks here.
China startup NIO hires eight banks for up to $2 billion US IPO: Sources
Wed, Feb 28, 2018
NIO`s proposed IPO of $1 billion-$2 billion comes as the firm, founded by Chinese internet entrepreneur William Li in 2014, seeks fresh capital to finance its expansion and investments in areas including autonomous driving and battery technologies, one of them said.
Dow breaches 26,000 mark on robust earnings reports
Tue, Jan 16, 2018
Citigroup jumped 1.4% after the lender reported profit that topped Wall Street expectations
Trump says he's looking at breaking up big banks
Tue, May 02, 2017
"I`m looking at that right now. There`s some people that want to go back to the old system, right? So we`re going to look at that," EFE news quoted Trump as saying in an interview with Bloomberg News.
Citigroup cuts CEO Corbat's pay after missing financial targets
Sat, Feb 18, 2017
Citigroup Inc`s board of directors cut Chief Executive Officer Michael Corbat`s compensation by 6% last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package.
25bps repo rate cut more likely in Apr than Feb: Citigroup
Thu, Feb 02, 2017
The Budget pegged the fiscal deficit at 3.2% of GDP in 2017-18.
Deutsche Bank signs $7.2 billion settlement deal with US over risky mortgages
Wed, Jan 18, 2017
Deutsche Bank finalised a $7.2 billion settlement with the US Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.
Citi India reduces home loan rates by 0.7% to 8.80%; effective January 9
Fri, Jan 06, 2017
In a bid to provide competitive housing loan interest rates to home buyers, Citi India announced revision of its home loan rate by 0.7% on Friday.
RBI likely to slash rate by 25 bps next week: Citigroup
Fri, Dec 02, 2016
India's GDP accelerated to 7.3% in the September quarter.
CPI inflation may fall below 4 pc in Nov-Dec period: Citigroup
Wed, Nov 16, 2016
"We maintain our rate cut view in December policy for now, but we also acknowledge that the December policy could be a close call," Citigroup said in a research note.
Stocks rebound in Deutsche Bank-led volatile trading
Fri, Sep 30, 2016
US and eurozone shares pushed higher on Friday in volatile trading buffeted by Deutsche Bank's woes whose shares also rallied off historic lows that had sent ripples of fear across the global finance sector.
Fed wants more capital at largest banks
Tue, Sep 27, 2016
Shares of the largest US banks fell Monday after the Federal Reserve`s main regulator proposed higher capital requirements for them.
Revenues of world's 12 largest investment banks down 25% in Q1: Survey
Tue, May 24, 2016
Investment banks have been hit by a steep decline in oil prices, near-zero interest rates and worries about China's economy, which triggered a wave of volatility in financial markets at the start of the year, normally the most lucrative period when investors put their money to work.
Vodafone begins India IPO process; may raise Rs 16,000 crore
Thu, Apr 21, 2016
Vodafone Group has invited Citigroup, Goldman Sachs and Morgan Stanley to submit pitches to manage one of the biggest IPO launch