Citigroup

The bank will buy pools of loans primarily in the form of asset-backed securities, known locally as pass through certificates

OpenAI era pushes old-school stock analysts into private markets

Expanding private-asset research comes with challenges, from taking on industry incumbents to figuring out how to monetize insights.

Citigroup moves almost 1,000 tech jobs to India after China cuts

The Wall Street lender shifted the jobs in phases over the past few months after it reduced staffing in China as part of a broader global overhaul

JPMorgan is now worth more than three largest rivals combined

It racked up $30 billion of profit in that period, more than double its closest rival

Why America’s biggest banks are still thriving—even amid trade tensions

JPMorgan, Citigroup and Wells Fargo report solid Q2 earnings, even as tariff uncertainty and inflation loom over US markets.

Citigroup’s India commercial banking chief Bhanu Vohra exits

Vohra is now on gardening leave and is exploring other career opportunities

Citigroup to cut 3,500 tech jobs in China as part of global revamp

The reductions at its Shanghai and Dalian solution centers are expected to be completed by the start of the fourth quarter, the bank said in a statement

Market Meltdown: U.S. Stocks Plunge Further, Extending Biggest Selloff in Months | N18G

U.S. stocks extended their steepest decline in months on Tuesday, as the Dow, S&P 500, and Nasdaq all recorded losses. Investor uncertainty heightened following conflicting tariff updates, sparking concerns of an impending recession. Eric Lynch from Scharf Investments attributes the market volatility to President Trump's policy timeline, emphasizing the challenges of balancing short-term gains with long-term economic restructuring. The S&P 500 briefly entered correction territory, marking its largest drop since early August with a nearly 3.5% decline over two sessions. Individual stocks like Kohl's, Dick's Sporting Goods, and major airlines like American and Delta also saw significant declines, impacting market sentiment. Citigroup's recent downgrade to 'neutral' further underscored the cautious outlook on U.S. equities.

Citi cuts US stocks to Neutral, raises China to Overweight on pause in US exceptionalism

Citi had been overweight American stocks since October 2023, but the hiatus in their ability to outperform has become more obvious, Dirk Willer, Citi’s global head of macro research and asset allocation, wrote in a note.

Blackstone taps Citigroup to raise $200 million for Kolkata's South City Mall

Blackstone, which has deployed $20 billion in office space and hotels in India, is nearing a deal to acquire South City Mall for as much as $400 million.

Citigroup mistakenly transfers $81 trillion to customer's account instead of $280: Report

The error happened last April and was missed by two officials - the payments employee and a second official assigned to check the transaction before it was cleared to be processed the next day, the report added.

Citi sees 10% upside for Nifty, year-end target at 26,000

Citi is cautious on any recovery in the private investment climate, which is says 'could remain elusive'.

World Street | OpenAI’s Altman denies equity rumors; Boeing faces safety warnings; Super Micro Computer probed after Hindenburg allegations; and more

From Sam Altman denying equity stake rumors and Boeing facing urgent safety warnings to Citigroup and Apollo’s $25 billion credit program, here’s a look at recent business developments around the world.

Citigroup’s global head of markets digital assets Maini leaves

Maini spent more than 14 years at Citigroup, according to a profile on Linkedin, and most recently led the digital assets team under the markets division.

INQ Holdings, SBI funds, Citigroup biggest buyers in Adani Energy's $1 billion QIP

The Rs 8,373.10 crore (USD 1 billion) qualified institutional placement (QIP) of Adani Energy Solutions Ltd (AESL), which closed last week, saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business.

Citigroup sees India luring $100 billion in foreign investment

Companies working to help India meet its net-zero goals will be among the beneficiaries of the foreign capital flows, according to K Balasubramanian, head of corporate banking for Southeast Asia and the Indian subcontinent.

Citi to boost investment banking headcount in India betting on deals surge

"We haven't firmed up the numbers, but it would be a meaningful increase between this year and next year," Rahul Saraf, managing director and head of India investment banking unit, which currently has around 30 dealmakers, told Reuters

Centre dismisses Citigroup's claim that India would struggle to create jobs

The report 'fails to account for comprehensive and positive employment data available from official sources', Ministry of Labour and Employment said.

World Street | Meme stock mania muted, Citi's climate crisis, Uber's legal losses and more

From a major pension fund opposed Elon Musk’s revised pay plan to climate activists protesting at Citi Headquarters against its energy sector funding, here are some of the major developments from across the world.

Citi upgrades India to "overweight" citing stable earnings, economic growth

Citi upgrades India to "overweight" citing stable earnings, economic growth

What do investors from the West love about the Indian economy? | Political Economy

The last two years have witnessed a leap in investor interest in India. How did India capture the world’s attention as an investment destination. What’s driving the investor interest. An insight into what India got right. What do investors from the West love about the Indian economy decoded with Samiran Chakraboraty, Managing Director and Chief Economist, India, Citigroup.

Harassment and drugs plagued a Citigroup division for years

Over at least a decade, employees openly ogled female colleagues, rated them by their looks and bragged about their sexual conquests, according to the interviews with the workers.

Can Citigroup’s new banking chief Viswas Raghavan reverse the revenue crumble?

Citigroup performed worse than its peers in terms of revenue it earned for the amount of capital it put to work. In the past three years, its revenue per dollar of average assets has tumbled in the banking and markets divisions combined – the kind of structure that most US rivals have. It slipped from third-best, behind JPMorgan and Morgan Stanley in 2021, to last out of five in 2023

Citigroup CEO Jane Fraser’s compensation rises to $26 million amid layoffs

Citigroup CEO Jane Fraser's compensation increased by around 6% in 2023. She took home $26 million, even as the US bank reported a fourth-quarter loss of $1.9 billion

Saudi Arabia lines up Goldman, Citi for Aramco share sale

The world’s biggest oil exporter is also in talks with other banks as it pulls together a roster of advisers for the offer that may come in the next few weeks, the people said, asking not to be identified because the information is private.