Citigroup

Wall Street T+1 switch is causing more pain than we thought: Citigroup

The T+1 shift was a global event for the financial industry because it affected every institution and investor with cash in the US capital markets

Six firms including Citigroup Global buy stake in Netweb Tech for Rs 458 cr

Six entities, including Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions. As per the data available on NSE, Citigroup Global Markets Mauritius, Discovery Global Opportunity Mauritius, ICICI Prudential Mutual Fund, Invesco MF, Societe Generale and Union MF bought a total of 20,54,795 shares or 3.64 per cent stake in Netweb Technologies India. Shares were picked up at an average price of Rs 2,232.10 apiece, taking the combined deal value to Rs 458.65 crore. Meanwhile, four promoters -- Navin Lodha, Sanjay Lodha, Niraj Lodha and Vivek Lodha -- offloaded the same amount of shares at the same price on the National Stock Exchange (NSE). After the share sale by these promoters, the combined shareholding of promoters and promoter group entities in Netweb Technologies India will decline to 71.4 per cent from 75.04 per cent. Shares of Netweb Technologies Ind

Citi breaks banks safety rules, makes liquidity reporting errors: Report

Firm's subsequent reaction to breaches resulted in liquidity reporting inaccuracies, according to the document, which provides a 2023 year-end snapshot of some of Citi's work on regulatory issues

Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty

Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'

Citigroup expects India to attract $100 billion in foreign Investments

Apart from climate transition, India's forays into electronics and infrastructure-related manufacturing are gaining prominence with investors abroad, an expert said

Citigroup's profit climbs on investment banking surge, services strength

The upbeat results come two days after U.S. regulators fined Citi $136 million for making "insufficient progress" in fixing data management problems identified in 2020

US regulators fine Citigroup $136 mn for failing to address data issues

The fines are the latest blows for CEO Jane Fraser as she tackles the bank's regulatory failings

Labour ministry rebuts Citigroup's research report on employment in India

The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey (PLFS) and the Reserve Bank of India's KLEMS data." The recent research report by Citigroup on employment in India, quoted by some of the print and electronic media, forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. Ministry of Labour and Employment strongly rebuts such reports which do not analyse all official data sources available in the public domain, it said. According to PLFS and RBI's KLEMS data, India has generated more than 8 crore (80 million) employment opportunities from 2017-18 to 2021-22. This translates to an average of over 2 crore (20

India will be unable to plug jobs gap even with 7% growth, says Citigroup

Citi estimates India will need to create about 12 million jobs a year over the next decade to absorb the number of new entrants to the labor market

Citigroup sees India's allure enticing global bond funds to stay put

India's debt yields are higher than China's or the US, and its economy is the fastest-growing among the Group of 20. There's little reason for active investors who've poured money in to reverse course

Govt likely to cut bond sales aided by higher cash balance: Officials

The yield on benchmark 10-year bond was little changed at 7.09 per cent on Tuesday

Citigroup sells shares of Vodafone Idea for over Rs 233 cr via open market

Financial services company Citigroup on Wednesday sold shares of telecom company Vodafone Idea for over Rs 233 crore through an open market transaction. US-based Citigroup through its affiliate, Citigroup Global Markets Mauritius, offloaded shares of Vodafone Idea through a block deal on the BSE. Citigroup Global Markets Mauritius Pvt Ltd disposed of 19,04,25,000 shares of Vodafone Idea, as per the data on the BSE. The shares were disposed of at an average price of Rs 12.27 apiece, taking the transaction value to Rs 233.65 crore. Meanwhile, Ghisallo Master Fund LP acquired the shares of Vodafone Idea at the same price. On Wednesday, shares of Vodafone Idea jumped 2.67 per cent to close at Rs 12.71 per piece on the BSE.

Battleground 2024: Next govt to pursue reforms agenda, says Citigroup

Citigroup said simple consolidation of Opposition votes is unlikely to significantly affect electoral outcomes for BJP given its dominant vote share in 2019

Citigroup's new hire Raghavan - a no nonsense, hard-charging dealmaker

After four years co-running JPMorgan's global investment banking franchise, Raghavan, 57, is now set to take over Citigroup's entire Wall Street operation

Citigroup hires JPMorgan's Viswas Raghavan as head of banking, exec VC

Raghavan, who is expected to start at the bank in summer, will also join the firm's executive management team and report directly to Fraser, Citigroup said in an internal memo Monday

CEO's pay hiked to $26 mn in 2023, Citigroup says amid 20,000 job cuts plan

Jane Fraser's pay included a base salary of $1.5 million and a cash bonus of $3.7 million as well as $20.8 million in deferred performance-linked stock, the company said

Citigroup lays off more bosses as CEO addresses managing directors: Report

The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss

Citigroup lays off more bosses as CEO Fraser addresses MDs: Report

The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss

Citigroup partners with LuminArx to launch private lending vehicle

Last year, Wells Fargo also launched a fund in partnership with a private equity firm

Citigroup to cut 20,000 jobs over the next two years to boost returns

The lender, which currently has 239,000 employees worldwide, will reduce that headcount by 20,000 as part of a sweeping reorganisation, Mason told reporters