Citigroup Stock News

BEIJING , Dec. 1, 2021 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of adult professional education and childhood & adolescent quality education services in China , today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.001 per share, from the current ADS Ratio of one (1) ADS to one (1) Class A ordinary share to a new ADS Ratio of one (1) ADS to five (5) Class A ordinary shares. The Company will file a post-effective amendment to the ADS Registration Statement on Form F-6 with the SEC to reflect the change in the ADS Ratio. The Company anticipates that the change in the ADS Ratio will be effective on December 23, 2021 , subject to the SEC having declared the post-effective amendment to the ADS Registration Statement on Form F-6 to be effective. For Tarena''s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-five reverse ADS split.

Pick a country, choose a Citi.

Citigroup has reportedly selected the Union Bank of Philippines as its preferred bidder for its consumer banking assets in the country. Citi has chosen Union Bank as its preferred bidder for a potential sale valued at an estimated $1 billion, according to a «Bloomberg» report citing unnamed sources. Talks are still ongoing and no conclusive decisions have been made with other bidders still interested. Other reportedly interested bidders for the Philippines consumer banking assets include BDO Unibank, Metropolitan Bank & Trust Co. and Bank of the Philippines Island. The sale is part of Citis broader plan to exit from 13 markets where it lacks scale and focus its wealth efforts around hubs in Hong Kong, London, Singapore and the United Arab Emirates.

HashiCorp, Inc. (HCP) is planning to raise $1.1 billion in an IPO on Thursday, December 9th, IPO Scoop reports. The company will issue 15,300,000 shares at a price of $68.00-$72.00 per share. Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities and Citigroup served as the underwriters for the IPO and Cowen, JMP Securities, KeyBanc Capital []

Citis institutional business in Taiwan saw a significant acceleration in 2021 with numerous transactions across industries including technology, consumer, renewables and financial services. Citis Taiwanese institutional clients have been ramping up their efforts to take advantage of the growth environment in areas such as supply chain diversification. «Taiwan is home to many world-class companies and we are committed to supporting their ambitions,» according to a statement citing Christie Chang , head of banking, capital markets and advisory for Citi Taiwan and chair of APAC corporate banking. M&A Within mergers and acquisitions, the American lender advised on five Taiwan-related deals in recent years, including three in 2021. The deals this year spanned across businesses related to semiconductor assembly and testing, renewable energy and retail food. Fundraising Citi has also supported billions of dollars in fundraising for Taiwan corporates across local and global capital markets.

The firm, which currently manages over $2 trillion in assets, is making a pair of hires to its South Asia team to support regional growth. Asset manager Amundi has appointed Dennis Ng as head of distribution sales, Singapore, effective 1 November, and Marcus Liew as multi asset solutions portfolio manager, a newly created role based in Singapore effective 17 August, according to a statement on Wednesday. With over 15 years of experience in the financial industry across different markets in Asia, Ng joins from J.P. Morgan Asset Management, where he was an executive director, having joined the Singapore fund sales team in 2015. He previously held various roles at Standard Chartered Bank as an investment advisor and treasury specialist since 2010, as well as at DBS and Citibank. Liew, responsible for portfolio management, research, analysis and implementation of Multi-Asset solutions at Amundi, was previously a portfolio manager at First Sentier Investors, where he has worked for almost 8 years.

01 Dec 2021 - Global indexes tumbled on concerns of vaccine efficacy against the Omicron variant amid the Federal Reserve Chairs hawkish tone. The news of potential tightening of monetary policy spooked investors. Worley rated as a buy Citi.

Activist firm boosts holding in Fiserv and curbs Citigroup stake Check out ValueAct Holdings LP Stock Picks » Download GuruFolio Report of ValueAct Holdings LP (Updated on 11/29/2021) Related Stocks: FISV , BLD , C , KKR , CBRE ,

Stableford Capital II LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 63.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,294 shares of the companys stock after selling 7,302 shares during the quarter. Stableford Capital II []

Exchange Traded Concepts LLC boosted its position in shares of Citigroup Inc. (NYSE:C) by 15,574.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,709 shares of the companys stock after purchasing an additional 75,226 shares during the period. Exchange []

Hivemind Capital Partners, a venture fund designed to back crypto-based protocols was founded by former Citi executive, Matt Zhang.

BEIJING , Nov. 30, 2021 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China , today announced that it has completed its previously announced repurchase right offer relating to its 3.75% Convertible Senior Notes due 2023 (CUSIP No. 46267XAB4) (the "Notes"). The repurchase right offer expired at 5:00 p.m. , New York City time, on Monday, November 29, 2021 . Based on information from Citibank, N.A. as the paying agent for the Notes, US$746,793 ,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate cash purchase price of these Notes was US$746,793,000 . The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders. Materials filed with the SEC will be available electronically without charge at the SEC''s website, http://www.sec.gov .

Founded by former Citis head of structured products Matt Zhang, crypto-focused investment firm Hivemind Capital Partners has launched its debut US$1.5 billion multi-strategy investment venture for the blockchain and digital asset The post Former Citi Exec Launches US$1.5 Billion Crypto Investment Vehicle appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH .

Major players in the open banking market are Capital One, HSBC Bank plc, Banco Bilbao Vizcaya Argentaria S. A, NatWest Group plc, DBS Bank, Barclays, Lloyds Banking Group, Citigroup, Banco Santander S. Major players in the open banking market are Capital One, HSBC Bank plc, Banco Bilbao Vizcaya Argentaria S. A, NatWest Group plc, DBS Bank, Barclays, Lloyds Banking Group, Citigroup, Banco Santander S.

A former trading executive at Citibank has launched the Hivemind Capital Partners to back unique and innovative startups or protocols in the digital currency ecosystem, providing a $1.5 billion crypto fund investment. (Read More)