This ad will auto close in 10 seconds
Venezuela`s woes deepen as Citibank shuts teller window

Venezuela`s woes deepen as Citibank shuts teller window

Venezuela`s howling economic woes have worsened.

Air India may tie up with SBI, Citibank to raise funds through ECB

National carrier Air India is likely to tie up with Citibank and public sector lender State Bank of India to raise USD 300 million from overseas market via External Commercial Borrowing (ECB) route, sources said.

Citi posts highest quarterly profit in 8 years as costs plunge

Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank`s efforts to streamline its business may be starting to pay off.

Ex-Citi exec's hedge fund delays launch over UK probe

"There has been a delay to our launch due to the FCA. We have informed our prospective investors," said Silver Ridge Asset Management cofounder Farhang Mehregani.

Citibank a deeply-entrenched domestic bank in India: CEO

Global banking giant Citi's Indian arm says it sees a tremendous opportunity for itself from the government's 'Make in India' campaign.

Banks need to take blame for some problems: Citi India CEO

While an uptick in economic activity will help banks come out of some of their problems, some issues currently facing the Indian banking industry are of its own doing and it needs to take the blame for the same, Citibank's India chief Pramit Jhaveri said.

India needs more banks, but bigger banks too: Citi India CEO

Jhaveri, CEO of Citi India, also said that banks in India remain smaller than their peers globally and therefore there was a strong case for larger banks.

Mutual fund distributors' commission rises by 9% in FY'14

According to latest data available with Association of Mutual Funds in India (AMFI), the total income earned by 329 distributors stood at Rs 2,572 crore.

Citi India Net up 6% at Rs 2,893 crore

The New York-headquartered Citi's domestic unit recorded a pre-tax profit growth of 11.4 percent to Rs 5,113 crore in FY14, it said in a statement.

Want euros in London? Don’t ask your bank

The exchange rates on the board are not even the best ones Sakthi and his colleagues give bigger or regular clients.

Citibank not keen on subsidiary route in India at this time

Citibank has said it is not keen on converting its branch operations in the country into wholly owned subsidiaries at this time even after incentives offered by the Reserve Bank of India.

Citigroup earnings rise, miss expectations

Fourth-quarter profits came in at USD 2.7 billion on revenues of USD 17.8 billion, up from USD 1.2 billion on revenues of USD 17.9 billion.

Global banks eye Iraq but questions remain

Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country's banking sector, but the experience of a global rival points to the many pitfalls they must navigate.

17 merchant bankers in race for IOC disinvestment

Citibank, Goldman Sachs and ICICI Securities are among 17 merchant bankers in the race to manage the sale of 10 percent of the government's stake in Indian Oil Corporation (IOC), which is valued at over Rs 4,300 crore.

Citigroup to slash 11,000 jobs worldwide

In a major restructuring exercise, global banking giant Citigroup on Wednesday announced that it will cut 11,000 jobs worldwide to save nearly USD 1.1 billion in expenses annually from 2014.

Citibank plans 'Cyber Monday' like e-shopping sale in India

India may soon have its own version of 'Cyber Monday', when billion-dollar worth products are sold online at heavy discounts within a day, with Citibank planning a similar mega e-shopping sale this week in India.

ED attaches assets worth Rs 20 crore in Citibank case

The Enforcement Directorate has issued orders attaching assets worth about Rs 20 crore in connection with its money laundering probe in the Citibank Gurgaon fraud scam.

Citi launches securities lending service in India

"In a global securities lending environment dominated by over-the-counter trading, this service will allow both Citi's domestic and offshore clients, for the first time, seamless market access to the anonymous exchange-traded central counter-party model prevalent in India," the bank said in a release.

Seven banks among top-ten MF commission earners

As per the latest disclosure of commission and expenses paid by various fund houses to their distributors, HSBC, HDFC Bank and Citibank top the chart for the last fiscal ended March 31, 2012.

Visa, MasterCard to pay $6 bn to settle ‘antitrust’ lawsuit

Major US banks as well as payment network giants Visa, Mastercard are set to shell out more than six billion dollars to settle a lawsuit brought by retailers who accused them of price fixing.