Citigroup to exit consumer banking operations in India, 12 other nations as part of global rejig

The multinational investment bank (Citi Bank) headquartered in New York on Thursday announced strategic actions in the global consumer banking segment as part of an ongoing strategic review, which will allow Citi to direct investments and resources to the businesses where it has the greatest scale and growth potential.

Apr 16, 2021, 08:34 AM IST

OMG! Citibank transfers over Rs 3,600 crore by mistake, the court ruling is equally astonishing

Some lenders returned money they were sent, but 10 asset managers including Brigade Capital Management, HPS Investment Partners and Symphony Asset Management refused, prompting Citigroup`s lawsuit to recoup the estimated $501 million they received. 

Citigroup had argued that the lenders should return the money because they knew or should have known it made a mistake, and that Revlon could not afford the payment.

Feb 18, 2021, 11:40 AM IST

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.

Aug 19, 2019, 11:30 AM IST

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.

Aug 06, 2019, 10:22 AM IST

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.

Nov 05, 2017, 12:33 PM IST

General Insurance IPO oversubscribed

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

Oct 13, 2017, 14:34 PM IST

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.

Oct 13, 2017, 00:04 AM IST

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.

May 26, 2017, 12:17 PM IST

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.

Nov 21, 2016, 20:36 PM IST

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.

Nov 16, 2016, 11:54 AM IST

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.

Nov 08, 2016, 13:03 PM IST

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.

Nov 07, 2016, 10:46 AM IST

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.

Oct 11, 2016, 21:21 PM IST

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.

Sep 09, 2016, 17:51 PM IST

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.

Sep 08, 2016, 15:27 PM IST

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.

Aug 26, 2016, 03:24 AM IST

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

Apr 21, 2016, 16:58 PM IST

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.

Mar 23, 2016, 12:39 PM IST

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.

Mar 10, 2016, 18:07 PM IST

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.

Dec 14, 2015, 22:44 PM IST