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The casualties of Russia's decline

Dec 19, 2014 at 21:06 | Source: BBC

In the 21st Century, no economy is an island, entire of itself. But as Russia looks likely to enter a deep recession - fuelled by plummeting oil prices and the plunging rouble - the West has remained sanguine about the potential impact on global fina...

Federal Reserve delays parts of Volcker rule until 2017

Dec 19, 2014 at 03:56 | Source: BBC

The US Federal Reserve has given Wall Street banks even more time to comply with parts of the Volcker Rule, a key provision of the 2010 Dodd-Frank financial reform bill. The rule prevents federally-insured banks from using their own money when invest...

BT and Telefonica in 'preliminary' talks over O2 deal

Dec 16, 2014 at 00:37 | Source: BBC

Telecoms giant BT is in talks with Telefonica about buying the O2 mobile network from the Spanish firm. All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur, said BT. In 2002, BT spun off O2,...

BT in talks to buy EE for £12.5bn

Dec 15, 2014 at 23:17 | Source: BBC

Telecoms giant BT is in exclusive talks to buy EE - Britain's largest mobile network group - for £12.5bn. It said the period of exclusivity would last several weeks to enable it to carry out the necessary negotiations. In late November, BT said...

US Congress passes contentious $1.1tn budget

Dec 14, 2014 at 12:52 | Source: BBC

The US Senate has completed congressional approval of a controversial $1.1tn (£700bn) federal budget which will now be sent to President Barack Obama to sign. The Senate passed the bill by 56-40 in a late-night vote on Saturday. The budget had been ...

US Senate delays contentious $1.1tn budget vote

Dec 14, 2014 at 03:37 | Source: BBC

The US Senate has pushed back to Monday a vote on a $1.1tn (£700bn) budget after it failed to pass on Friday. The bill had already cleared the House of Representatives in a close and contentious vote. The measure passed by 219-206 after President Ba...

U.S. Senate aims to vote Monday on $1.1 trillion spending bill

Dec 13, 2014 at 11:45 | Source: FirstPost

WASHINGTON (Reuters) - The U.S. Senate on Friday struggled to pass a $1.1 trillion spending bill that would avert a looming federal government shutdown, postponing a vote until Monday when procedural hurdles begin to evaporate.Negotiations between De...

Banks fined by US regulators over Toys R Us research

Dec 12, 2014 at 05:12 | Source: BBC

US regulators have fined 10 Wall Street banks for promising positive research to Toys R Us in exchange for winning its business. The US Financial Industry Regulatory Authority (FINRA) alleges the banks offered a favourable rating to the US toy retail...

Citigroup sets aside $2.7bn for legal costs

Dec 09, 2014 at 22:56 | Source: BBC

Michael Corbat, the chief executive of US bank Citigroup, has said the firm is setting aside $2.7bn (£1.7bn) for legal costs in the fourth-quarter. Costs have risen due to US investigations into Citigroup's behaviour in currency markets, settin...

Pandit pie in realty firm

Nov 22, 2014 at 08:07 | Source: Calcutta Telegraph News

Mumbai, Nov. 21: A global fund led by former chief executive of Citigroup Vikram Pandit has invested Rs 540 crore in FICS Consultancy Services, the real estate lending arm of JM Financial. Pandit has also joined the board of FICS as a non-executive ...

Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87M

Nov 21, 2014 at 16:00 | Source: VC Circle

A fund managed by former chief of banking giant Citigroup, Vikram Pandit, along with former Old Lane Hedge Fund partner Hari Aiyar (former chairman and CEO of Old Lane India), has picked up an effective 50 per cent stake in the real estate lending ar...

JM Financial Subsidiary Gets $87 Million From Vikram Pandit-Led Fund

Nov 21, 2014 at 00:00 | Source: NDTV Profit

Mumbai: JM Financial Ltd said it had received an investment of Rs 540 crore ($87 million) in its real estate-lending subsidiary from a global fund led by former Citigroup chief executive Vikram Pandit. JM Financial also injected another Rs 360 crore ...

HPCL, BPCL Gain; Citi Raises Target Price

Nov 19, 2014 at 12:00 | Source: NDTV Profit

Shares in oil marketing companies Bharat Petroleum Corporation and Hindustan Petroleum Corporation gained over 2 per cent on Wednesday. Citigroup has upgraded Hindustan Petroleum Corp to buy from neutral and has raised price target to Rs 710 from&...

Arun Jaitley 'Impresses' Citigroup with Reform Perspective

Nov 18, 2014 at 11:59 | Source: NDTV Profit

Citigroup hosted Finance Minister Arun Jaitley at an investor interaction recently. Outlining his perspective on reform, Mr Jaitley said, "Many small steps often make a bigger bang than the so-called big bang reforms". The finance m...

Arun Jaitley 'Impresses Citigroup with Reform Perspective

Nov 18, 2014 at 10:00 | Source: NDTV Profit

Citigroup hosted Finance Minister Arun Jaitley at an investor interaction recently. Outlining his perspective on reform, Mr Jaitley said, "Many small steps often make a bigger bang than the so-called big bang reforms". The finance m...

Six banks fined £2.6bn by regulators over forex failings

Nov 17, 2014 at 20:51 | Source: BBC

Six banks have been collectively fined £2.6bn by UK and US regulators over their traders' attempted manipulation of foreign exchange rates. HSBC, Royal Bank of Scotland, Swiss bank UBS and US banks JP Morgan Chase, Citibank and Bank of America ...

China's Alibaba eyes first bond sale after record listing

Nov 14, 2014 at 11:52 | Source: BBC

Chinese e-commerce giant Alibaba is set to meet with investors next week as it considers issuing its first US bond sale. The tech giant has hired Morgan Stanley, Citigroup, Deutsche Bank and JP Morgan to manage the sale. Alibaba would offer dollar-de...

India Flow Tide Has Turned Decisively: Citi Research

Nov 13, 2014 at 12:00 | Source: NDTV Profit

India flow tide has turned decisively, said Citi Research, a unit of Citigroup Global Markets Inc. "It's high, rising and could well have a long way to go," it said. Citi Research said retail inflows in mutual funds of $6 bi...

Regulators Fine Global Banks $3.4 Billion in Forex Probe

Nov 12, 2014 at 15:59 | Source: NDTV Profit

London/Zurich: Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland...

SMBC Takes Lead in Pursuit of Citigroup Japan Ops

Nov 09, 2014 at 12:01 | Source: Wall Street Journal

A security guard walks out from a building housing a Citibank branch in Tokyo in this Feb. 3, 2009 file photo. Reuters. By. Atsuko Fukase. Atsuko Fukase. The Wall Street Journal. CANCEL. BiographyAtsuko Fukase · &...

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