Citigroup Stock News

Citigroup Inc. boosted its position in Nuvation Bio Inc. by 104.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned…

Citigroup is moving some of its senior equities staffers out of Hong Kong as the protectorate’s zero-Covid strategy bites banks, Bloomberg reported Thursday.

Sharegain, a capital markets infrastructure Fintech, has raised $64 million in a Series B round that was led by WestCap and also joined by Citi, EJF Capital LLC and Optiver PSI. Participating existing investors reportedly include Maverick Ventures Israel, Blumberg Capital, SixThirty, Rhodium, and the… Read More

DENVER, Feb. 16, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that the Company will participate in Citi''s 2022 Global Industrials Conference in Miami,…

Hopes of becoming top-three investment bank conceded in order to focus on more profitable areas

Singapore bank UOB reported Wednesday solid overall earnings growth , but that came despite a fourth quarter hiccup to its wealth management fees. Like its rival DBS , UOB pointed to weaker market sentiment in the fourth quarter as weighing on wealth management activity. UOB said its fourth quarter net fee and commission income was S$589 million ($437.77 million), generally stable compared with the third quarter, as an increase in credit card and loan-related fees were offset by declines in wealth fees. Net new money grows For the full year, UOB said its assessed assets under management (AUM) grew by 4 percent from 2020 to a record S$139 billion, with wealth management fees growing by double-digits to a record as investor confidence returned and sales grew across most investment products. UOB’s Deputy Chairman and CEO Wee Ee Cheong said the net new money on the consumer side was likely a «few billion.» That came even as UOB’s current account savings account, or CASA, deposits grew and the CASA ratio rose to a new high in the fourth quarter.

Eneti (NETI) received commitments from DNB Capital, Societe Generale, Citibank, Credit Agricole Corporate and Investment Bank and Credit Industriel et Commercial for a 5-year…

Citibank''s <> delinquency rate of 0.84% in January rose from 0.81% in December and declined from 1.38% in January 2021.Net charge-off rate of 1.11% increased from 0.97% in December…

While retail investors are increasing their holdings of green energy companies, institutional investors are pouring even more money into pollutants.

Big banks including JPMorgan Chase & Co and Citigroup Inc jumped 1% each. Occidental Petroleum slipped 2.5%, leading energy shares lower as oil prices dropped from a seven-year high.

Wells Fargo analyst Mike Mayo urged Citigroup (C) shareholders to replace 11 of the 15 members of the company''s board, saying they should have known about legacy issues that were allowed…

MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK) SVP and Chief Financial Officer, Nick Gangestad, and SVP, Software & Control, Brian Shepherd, will present at Citi’s 2022 Global Industrial Tech and Mobility Conference in Miami, Florida, on Tuesday, February 22, 2022. The fireside chat will be webcast beginning at approximately 10:30 a.m. EST and will be available on the Rockwell Automation Investor Relations website at www.rockwellautomation.com/en-us/investors.html. About

LONDON--(BUSINESS WIRE)-- #capitalmarkets--Sharegain has raised $64 million in a series B round led by WestCap and joined by Citi, EJF Capital LLC and Optiver PSI.

Axis Bank is at an advanced stage to buying Citigroup''s India retail banking business in a deal that could be valued at about $2.5bn, Bloomberg has reported. An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of India, people familiar with the matter said. Bloomberg further said that Axis Bank emerged as the buyer after beating rivals, with factors such as job security for current Citigroup employees and competition concerns being taken into account, one source said. Last year, Citi announced plans to wrap up its consumer franchises in 13 markets across Asia and Europe, including India. The US-headquartered giant plans to refocus on its more lucrative businesses such as institutional banking and wealth management. Citi''s Indian business comprises credit cards, home loans and retail banking. Mumbai-based Axis Bank is looking to boost retail loans to tap pent-up demand following the pandemic.

HSBC Set To Double Bonuses For Junior Bankers To Staunch Defections HSBC looks like it is the latest bank to ramp up pay for its junior bankers, following a trend of aggressively trying to retain talent that has been taking Wall Street by storm over the last 2 years. The bank is reportedly planning on doubling bonuses for some of its junior investment bankers and traders, Bloomberg reported on Monday. It''ll be a change for the bank, which paid "less than most rivals a year ago after cutting the bonus pool at its global banking and markets division by 15%," the report said. “We’ve got to keep pay across the board competitive,” Greg Guyett, co-head of GBM for HSBC said last month. And the competition in the space is real, with investment banks jostling back-and-forth to stay competitive with pay and retain talent for several years now. But HSBC Chief Executive Officer Noel Quinn previously had to tell his staff that the effects of Covid had prevented the bank from increasing performance bonuses over the last year, largely due to underperformance by the bank on a broad scale.