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Citigroup

Citigroup takes on new guru of cost-cutting

13 Apr 2013

Citigroup, the bank that's cutting 11,000 workers and shutting branches, has hired David Chubak from McKinsey to help oversee cost-cutting.

Chubak, 32, will be head of productivity and...

4:51AM

Big banks fail to regain trust of the public

24 Jan 2013

Leaders of the world's biggest banks, from Citigroup's Vikram Pandit to Barclays' Bob Diamond, have failed to honour promises made in Davos to restore trust in their industry after the financial...

4:58AM

Earnings of top US lenders bring little joy

18 Jan 2013

Bank of America yesterday said its profit dropped 63 per cent as costs mounted from faulty foreclosures and flawed home loans while Citigroup reported a profit increase that was less than analysts...

5:27AM

Britain's Serious Fraud Office arrests three in Libor-tampering scandal

12 Dec 2012

Britain's Serious Fraud Office (SFO) and City of London Police made the first three arrests in global probes into tampering with benchmark interest rates, notably the London interbank offered rate...

4:13AM

Briefs, December 8, 2012

8 Dec 2012

Glencore gets China's nod for Viterra deal

3:46AM

Citigroup to close six Hong Kong branches and lay off staff

7 Dec 2012

Citigroup is to close six branches and cut jobs in Hong Kong over the next few months as part of efforts to trim its workforce worldwide.

The closures come on the heels of the Japanese...

3:34AM

Opinion

Jake Van Der Kamp

China keeping its edge despite grim talk

3:53AM

Howard Winn

If StanChart doesn't want us, why keep inviting us?

2 comments

3:53AM

Citigroup cuts 11,000 jobs as Corbat tackles revenue slump

Citigroup’s Michael Corbat, who took over as chief executive less than two months ago, will cut more than 11,000 jobs and pull back from some emerging markets to drive down costs as revenue dries...

8:12AM

Business Digest, December 6, 2012

Chinese insurers freer to invest in banks

3:16AM

Banking giants find big is no longer beautiful

Global banking, a model promoted for more than 30 years by financial conglomerates cobbled together through cross-border mergers, is colliding with the post-crisis reality of stricter national...

3:16AM

Stress tests puts focus on Citigroup's Asia assets

The US Federal Reserve changed its annual set of tests for the 30 largest US banks to incorporate the risk of a deeper slump in Asia, where Citigroup has a bigger presence than its competitors.

4:13AM

WINEMAKING

Richard Parsons, former Citigroup chairman, eyes profit with wine hobby

Former Citigroup chairman Richard Parsons, whose career in banking and media saw him at the helm of the industries' biggest companies, is betting that he can make money in retirement in the wine-...

2:58AM

Business Digest, October 27, 2012