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Goldman, Citigroup among 5 bankers selected for IOC stake sale

Goldman, Citigroup among 5 bankers selected for IOC stake sale

The government has selected five merchant bankers, including Goldman Sachs and Citigroup, to manage the government's 3 percent stake sale in IOC which could fetch about Rs 6,000 crore to the exchequer.

Citi and JPMorgan top list of globally systemic banks, replaces HSBC

Citi and JPMorgan top list of globally systemic banks, replaces HSBC

Citi has joined JPMorgan at the top of global regulators` list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.

CPI inflation may fall below 4%; to make some space for further monetary policy easing

CPI inflation may fall below 4%; to make some space for further monetary policy easing

CPI inflation could fall below 4 percent in November-December period before climbing back to 4.5 percent in March and accordingly there will be some space for further monetary policy easing, says a Citigroup report.

Retail inflation to soften further, October CPI seen at 4.1%: Citigroup

Retail inflation to soften further, October CPI seen at 4.1%: Citigroup

Retail inflation is expected to soften to 4.1 percent in October and ease further to sub-4 percent level by November-December, largely helped by favourable base effect, says a Citigroup report.

US stock market likely to slip 3-5% if Donald Trump wins: Citigroup

US stock market likely to slip 3-5% if Donald Trump wins: Citigroup

Painting a dire picture of the US economy in the eventuality of Donald Trump's victory, a forecast by Citigroup said the American stock market will fall by three to five percent if the Republican presidential candidate wins the White House race.

These top banks warn they could leave Britain in 2017: Know why!

These top banks warn they could leave Britain in 2017: Know why!

Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the EU.

BSE files IPO papers with SEBI, may raise Rs 1,200-1,300 crore

BSE files IPO papers with SEBI, may raise Rs 1,200-1,300 crore

Moving closer to become a publicly-listed exchange, Asia's oldest bourse BSE today filed draft papers with markets regulator Sebi to raise an estimated Rs 1,200-1,300-crore initial public offering.

India's net FDI inflows for FY17 likely at $35 billion: Citigroup

India's net FDI inflows for FY17 likely at $35 billion: Citigroup

India is expected to see net FDI inflows of USD 35 billion this financial year, which may fall short of the figure for 2015-16, says a Citigroup report.

Donald Trump victory could cause global recession: Citigroup

In a research note a team led by the US bank`s chief economist Willem Buiter said the election was a major source of uncertainty in the global economy.

Vodafone Group all set for $2.5 billion IPO launch, invites big banks

Vodafone Group all set for $2.5 billion IPO launch, invites big banks

Vodafone Group has set the ball rolling for its long-awaited India IPO by inviting banks, including Citigroup, Goldman Sachs and Morgan Stanley, to submit pitches to manage it, people with direct knowledge of the deal said

Rupee to moderately fall towards 69 in 9-12 months: Citi

Rupee to moderately fall towards 69 in 9-12 months: Citi

The rupee is likely to "moderately depreciate" towards the 69 level in the next 9-12 months on the back of higher crude prices in the second half of next fiscal, a Citigroup report says.

Infosys co-founders Gopalakrishnan, Shibulal sell shares worth Rs 862 crore

Infosys co-founders Gopalakrishnan, Shibulal sell shares worth Rs 862 crore

Two of the billionaire co-founders of software major Infosys, S Gopalakrishnan and S D Shibulal, and some of the latter's family members today sold 7.5 million equity shares of the company for Rs 862 crore on exchanges.

IIP likely to be below 4% on fading base effect: Citigroup

IIP likely to be below 4% on fading base effect: Citigroup

Country's industrial production may remain below 4 percent in November, a Citigroup report says adding that the base effect is likely to fade as in the corresponding period last year IIP was at 5.2 percent.

Watch out for US recession, zero interest rates in China next year: Citi

Watch out for US recession, zero interest rates in China next year: Citi

The outlook for the global economy next year is darkening, with a US recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. 

Citigroup to offer Swift's services to Indian firms

Under the pact, Swift India Domestic Services will act as a channel for payments, cash management, trade finance and treasury transactions for Citi's corporate customers, the Citigroup said in a statement.

Citi sees modest pick-up in GDP growth to 7.5% this fiscal

Citi sees modest pick-up in GDP growth to 7.5% this fiscal

It said that despite challenges in agricultural and manufacturing sectors, the recovery is likely to sustain as both fiscal and monetary policy are turning growth supportive.

Citi launches integrated banking product for younger customers

American lender Citi Wednesday announced a new product offering in the country targeted at people below 40 years of age, seeking to address multiple banking needs of the growing segment through a single relationship.

Citigroup aims to boost equities franchise amid industry shakeout

Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank`s plans.

Citigroup pays $180 mn to settle hedge fund fraud case

US securities regulators ordered two Citigroup affiliates Monday to pay $180 million to settle charges that they defrauded investors by falsely claiming a pair of hedge funds were low-risk.

Ex-UBS, Citigroup trader jailed for 14 years for rigging Libor rates

A trader who worked for UBS and Citigroup was jailed Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.