Citigroup aims to boost equities franchise amid industry shakeout

Last Updated: Monday, August 31, 2015, 21:09

Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank`s plans.

Selvakesari elevated to head Citi's consumer banking in APAC

Last Updated: Friday, June 26, 2015, 16:39

Global banking major Citi on Friday elevated Anand Selvakesari as the head of its consumer banking for Asia Pacific.

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

Last Updated: Sunday, May 10, 2015, 19:37

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

Last Updated: Friday, April 17, 2015, 08:39

Citi has been slowly getting its house in order by cutting costs and shedding assets that are not critical to its main businesses. It has sold retail operations in many countries and shrunk its U.S. branch network.

Citi posts highest quarterly profit in 8 years as costs plunge

Last Updated: Thursday, April 16, 2015, 22:44

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

Last Updated: Wednesday, April 8, 2015, 00:18

"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.

Citi profit plunges 86% on legal settlements

Last Updated: Friday, January 16, 2015, 00:03

Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank`s shares down more than 4 percent.

Citibank a deeply-entrenched domestic bank in India: CEO

Last Updated: Sunday, November 30, 2014, 13:15

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

Citigroup earnings rise, miss expectations

Last Updated: Thursday, January 16, 2014, 21:36

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.

Citibank scam: ED freezes Puri's assets worth Rs 5 cr

Last Updated: Monday, January 6, 2014, 23:06

The agency will also file a chargesheet in this case soon, sources said.

Two IIT Kanpur students get Rs 1.20 cr package

Last Updated: Tuesday, December 3, 2013, 22:46

Two students of Indian Institute of Technology Kanpur got Rs 1.20 cr package during the ongoing placement drive.

Foreign banks to provide upfront loans for NRIs

Last Updated: Monday, September 16, 2013, 15:50

Foreign banks will provide upfront financing for wealthy non-resident Indian clients to entice them to place bulky dollar deposits back home in response to India's drive for dollar funding to defend its weak currency, sources told Reuters.