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Citigroup News

13 Jan 2024

Citigroup Announces Plan To Trim 20,000 Jobs Over Next Two Years

By 2026, Citigroup's employee count is expected to be around 180,000, down from 240,000 in 2022.

16 Apr 2021

Citigroup to exit consumer banking operations in India, 12 other nations as pa

Citigroup will exit consumer banking operations in India, 12 other nations as part of global rejig The announcement was made as Citigroup reported its first-quarter results.

18 Feb 2021

Biggest banking mistake! Citibank transfers over Rs 3,600 crore

Biggest mistake of banking sector. Citigroup disagrees with this decision. Citigroup intends to appeal.

19 Aug 2019

Paytm promotes CFO Madhur Deora as President

Prior to joining Paytm in October 2016, Deora served as Managing Director in Citigroup's investment banking business.

06 Aug 2019

HSBC CEO steps down 18 months after appointment

With a market value of $159 billion, the London- and Hong Kong-listed lender is worth more than Citigroup, even though its stock has fallen under Flint's tenure.

AlWaleed bin Talal

06 Nov 2017

Twitter, Citigroup, 21st Century Fox – Check out list of Prince Alwaleed biz stakes

The Saudi Arabian Prince has sizable stakes across dozens of top companies in the world.

General Insurance IPO

13 Oct 2017

General Insurance IPO oversubscribed

The reinsurance company has fixed the price band at Rs 855-912 for its IPO.

General Insurance IPO

12 Oct 2017

General Insurance IPO subscribed 90% on Day 2

The issue comprises fresh issue of 1,72,00,000 shares by the Corporation and an offer for sale of 10,75,00,000 shares by the promoter.

26 May 2017

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.

21 Nov 2016

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.

16 Nov 2016

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

08 Nov 2016

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 presidential elections

07 Nov 2016

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.

11 Oct 2016

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.

09 Sep 2016

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.

08 Sep 2016

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.

25 Aug 2016

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.

21 Apr 2016

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

23 Mar 2016

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.

10 Mar 2016

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.

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