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Latest Articles in citigroup

Top Glove Bets On Pandemic Boom To Propel Ambitious $1.9 Billion HK Listing

Top Glove's sales benefited greatly from the COVID-19 pandemic but the company also suffered an outbreak causing 5,000 infections, one death and rebuke from investors including BlackRock Inc.

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Citigroup Considering Divestiture Of Some Foreign Consumer Units

Revenue from Citi's consumer banking business in Asia declined 15% to $1.55 billion in the fourth quarter of 2020.

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Reliance Marcellus LLC Signs Agreement For The Sale Of Its Assets

Citigroup Global Markets, Inc. acted as financial advisor to Reliance and Gibson, Dunn & Crutcher LLP served as its legal counsel.

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Citi Hires Black-Owned Firms For $2.5 Billion Bond Distribution

Verizon Communications Inc tapped Loop Capital and another Black-led firm, Siebert Williams Shank, as lead underwriters of a $1 billion green bond offering.

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Gloomy Outlook Hits Citi Shares Despite Quarterly Profit Beat

Citi shares fell 5.4% to $65.32 as the bank reported a 7% decline in profit even as its peers JPMorgan and Wells Fargo & Co posted growth in the fourth quarter.

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Citigroup's Corbat Faces Tense Analyst Questions As He Approaches Exit

Citigroup added about $314 million to credit loss reserves in the quarter, compared to the $15 billion it had set aside in the first half of the year.

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JPMorgan Pledges $30 Billion To Address Racial Wealth Gap

The initiative seeks to provide $8 billion in new mortgages for Black and Latino borrowers, $14 billion in loans for affording housing projects, $2 billion in small business loans, and $2 billion in philanthropy.

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Citigroup Fined $400 Million By Regulators, Agrees To Fix 'Longstanding Deficiencies'

Incoming CEO Jane Fraser, who will take over early next year, has highlighted improving risk and control systems as a priority.

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Citigroup Terminates Manager Involved In Running Qanon Website

QAnon followers espouse an intertwined series of beliefs, based on anonymous web postings from "Q", who claims to have insider knowledge of the Trump administration.

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Citi Receives China Fund Custody Licence

Citi is the first U.S. bank to receive such a licence, which will allow it to hold securities for safekeeping on behalf of mutual funds and private funds domiciled in China

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Citigroup Files Third Lawsuit Over Accidental Revlon Payment

Several hundred million has already been returned the bank, Citi said in an emailed statement.

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Citigroup Wins Freeze On Funds Mistakenly Sent To Revlon Creditors

Citi had been acting as agent on the loan, meaning it collected payments from Revlon to distribute to the creditors, but the accidental payment came from the bank's own funds.

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Global Banks Seeking Details Of US Sanction Threat Against China Individuals For Hong Kong Law

Banks including Citigroup and Bank of America were among those holding calls on Friday with U.S. colleagues to discuss the potential fallout from the legislation, but few conclusions could be drawn at this stage

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Standard Life Aberdeen Picks Ex-Citi Executive As CEO

Bird spent 21 years at Citigroup and most recently served as CEO of its Global Consumer Banking business from 2015 to November 2019.

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Citigroup Looks To Return Some Staff To NY Headquarters Over The Summer

Goldman Sachs President John Waldron said on Wednesday the bank plans to reopen its New York and London offices to a small, "core group" of global markets and strategy employees in the coming weeks.

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