Lower expenses lift Citigroup earnings
Lower expenses helped lift Citigroup earnings in the first quarter, but the bank`s divisions reported mixed performance amid lower revenues, according to earnings Thursday.
Apr 16, 2015, 19:44 PM IST
Citigroup to exit Argentine custody business
Next steps could include the sale of the custody business, or just terminating it, Citi attorneys at Davis Polk & Wardwell said in the letter.
Mar 17, 2015, 23:02 PM IST
Citigroup to set aside $100 bn to fund green initiatives
Citigroup said it would fund projects related to renewable energy, greenhouse gas reductions and sustainable transportation.
Feb 18, 2015, 22:29 PM 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
Citi profit plunges 86% on legal settlements
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.
Jan 16, 2015, 00:03 AM IST
Citigroup selling its Japan retail bank business
Citigroup said on Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink its consumer business globally.
Dec 25, 2014, 15:28 PM IST
Citigroup sets $3.5 bn Q4 charge for legal, other costs
Citigroup plans to take a $3.5 billion charge in the fourth quarter to cover legal and restructuring costs, chief executive Michael Corbat said Tuesday.
Dec 09, 2014, 22:25 PM IST
India surprised this year; may do so again in 2015: Citigroup
According to the global financial services major, following two years of sub 5 percent growth, India's GDP is expected to be around 5.6 percent in 2014-15 and around 6.5 percent in 2015-16.
Dec 07, 2014, 10:44 AM IST
Rating upgrade, 7% growth rate not far off for India: Citi
Citigroup Thursday said if India continues to surprise in the New Year the way it did in 2014, then there are more upsides on its way which could well be capped by a sovereign rating upgrade by global agencies next fiscal, and it is on course to achieve 7 percent growth rate.
Dec 04, 2014, 22:45 PM IST
India's economic growth likely to be 5.6% in FY15: Citigroup
According to the global financial services major, the reform momentum post the assembly polls, improving liquidity conditions paint a bullish picture of the Indian economy.
Nov 30, 2014, 12:46 PM IST
Vikram Pandit-led fund invests Rs 540 cr in JM Financial arm
Well known banker Vikram Pandit-led global fund has invested Rs 540 crore in JM Financial's real estate lending subsidiary FICS.
Nov 20, 2014, 23:06 PM IST
FY15 CAD estimated at USD 36.7 billion or 1.8% of GDP: Citigroup
India's current account deficit for the current financial year is expected to be USD 36.7 billion, or 1.8 percent of GDP, despite a fall in exports and rise in imports, says a Citigroup report.
Nov 18, 2014, 17:27 PM IST
RIL launches sale of Eagle Ford Basin JV stake: Sources
Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co, a sale that could raise as much as $4.5 billion, according to people familiar with the matter.
Oct 10, 2014, 23:49 PM IST
India's GDP to pick up from 5.6% in FY15 to 7% in FY17: Citi
India's growth rate is expected to improve to 7 percent by FY 2017, while inflation and current account deficit are likely to moderate in the coming years, a Citigroup report said.
Oct 09, 2014, 18:28 PM IST
Infosys falls nearly 5% on downgrade; m-cap down Rs 10K crore
Shares of IT services major Infosys lost 5 percent on Wednesday, wiping-out Rs 10,341.31 crore from its market capitalisation, after Citigroup downgraded India's second largest software exporter.
Oct 08, 2014, 14:02 PM IST
Head of Citigroup's troubled Mexico unit resigns
Citi said that Javier Arrigunaga was stepping down "in light of the difficult challenges our franchise in Mexico has faced over the past year."
Oct 04, 2014, 08:27 AM IST
Fiscal deficit target 'challenging' but 'achievable': Citigroup
Government's fiscal deficit target of Rs 5.31 lakh crore is 'challenging' but 'achievable' thanks to lower crude oil prices and their impact on the subsidy bill, says a Citigroup report.
Oct 02, 2014, 21:47 PM IST
Barclays, Citigroup, HSBC and others may face record fines over currency rigging: Report
Barclays, Citigroup, HSBC, JPMorgan Chase, the Royal Bank of Scotland and UBS have begun meetings with the Financial Conduct Authority (FCA) to agree a settlement, and fines may amount to over one billion pounds ($1.6 billion, 1.3 billion euros), the FT reported, citing sources close to the situation.
Sep 27, 2014, 03:58 AM IST
Citigroup eyes sale of Japan retail banking business: Reports
Citigroup is eyeing the sale of its Japanese retail banking operations, reports said Wednesday, more than a century after setting up shop in the Asian nation.
Aug 20, 2014, 11:35 AM IST
FY15 trade deficit likely at $142 bn; CAD at $39.3 bn: Citi
India's trade deficit for this fiscal year is likely to be around USD 142 billion, and the current account deficit for this period is expected to be contained at USD 39.3 billion or 1.9 percent of the GDP, a Citigroup research report says.
Aug 18, 2014, 18:01 PM IST
