CitiBank exit: SBI, private banks eye Citi’s credit card business
Citi lost its dominance in the credit card business to other players and therefore slowed down its customer acquisition game even before the final decision of moving out of the business.
Apr 18, 2021, 12:08 PM IST
SoftBank Vision Fund invest at least $2.5 billion in Flipkart, becomes largest shareholder in the firm
The investment is part of the previously announced financing round, where Flipkart had raised capital from China`s internet company Tencent, eBay and global technology giant Microsoft.
Aug 10, 2017, 15:36 PM IST
Paris fast replacing Mauritius as tax haven: Report
Till March 31, Mauritius was the preferred location to carry out such business.
Apr 18, 2017, 10:28 AM IST
Citi and JPMorgan top list of globally systemic banks, replaces HSBC
Citi has joined JPMorgan at the top of global regulators` list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.
Nov 21, 2016, 20:36 PM IST
Citi ordered to pay $770 million over credit card practices
Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.
Jul 22, 2015, 06:35 AM IST
Citi cuts base rate to 9.35%
Citi on Tuesday became the first overseas bank in India to lower base rate, which it slashed by 15 basis points to 9.35 percent, citing falling interest rates.
Jun 30, 2015, 20:44 PM IST
Citi posts highest quarterly profit in 8 years as costs plunge
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.
Apr 17, 2015, 08:39 AM IST
Fiscal deficit target of 4.1% GDP likely to be met: Citi
The fiscal deficit target of 4.1 percent of GDP for 2014-15 is likely to be met though the fiscal trends are "weak", it said.
Feb 01, 2015, 11:20 AM IST
'EY tops in deal volume, Citi in value so far this year'
With closing 16 deals, EY has emerged as the busiest arranger in the merger and acquisitions space this year in the country, while Citi tops by value, according to data compiled by Mergermarket.
Oct 06, 2014, 20:03 PM IST
IRB Infrastructure falls after Citi downgrade
Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to "sell" from "buy".
Sep 01, 2014, 10:27 AM IST
Citi, HSBC, UBS among 5 bankers to manage ONGC share sale
The government had last sold 5 percent stake in ONGC in 2012 for Rs 14,000 crore.
Aug 26, 2014, 15:53 PM IST
Citigroup to pay $7 bn to settle US mortgage suits
The bank will take a USD 3.8 billion pre-tax charge to cover the settlement.
Jul 14, 2014, 17:11 PM IST
Citi India Net up 6% at Rs 2,893 crore
The New York-headquartered Citi's domestic unit recorded a pre-tax profit growth of 11.4 percent to Rs 5,113 crore in FY14, it said in a statement.
Jul 07, 2014, 18:06 PM IST
