New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 23, 2014
12:16 EDTBPESF, CCitigroup agrees to sell consumer bank in Spainto Banco Popular
Citi (C) signed an agreement with Banco Popular (BPESF) to sell its consumer banking business in Spain. The sale, which is subject to regulatory and other customary approvals, is targeted to close in the third quarter of 2014. The sale includes approximately $2B in GAAP assets, $3.2B in assets under management, 1.2M customer accounts, $2B in loans and $2.8B in deposits. Approximately 950 consumer banking employees, 45 Citi branches and the ATM network in Spain will transfer to Banco Popular. The sale represents another step in Citiís strategy of winding down Citi Holdings by divesting non-core operating businesses and assets portfolios in an economically rational manner, the bank stated.
News For C;BPESF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 24, 2014
09:46 EDTCCitigroup Global Markets fined $15M by FINRA for supervisory failures
Subscribe for More Information
09:39 EDTCActive equity options trading
Subscribe for More Information
07:01 EDTCFed could further restrict banks' commodities businesses, NY Times says
Subscribe for More Information
November 21, 2014
07:24 EDTCBB&T CEO says 'banks lending recklessly' again, Reuters reports
Subscribe for More Information
November 20, 2014
07:21 EDTCCitigroup's OneMain could receive bids from Springleaf, Centerbridge, WSJ says
Springleaf Holdings (LEAF) and Centerbridge Partners are said to be considering separate bids for OneMain, Citigroup's (C) subprime lending business, The Wall Street Journal reports. The unit could fetch over $4B, a source says. Other sources say the sale process for OneMain is in the early stages and other bidders may emerge. Reference Link
November 19, 2014
15:59 EDTCCitigroup latest bank to mull sale of index business, Reuters reports
Citigroup, amid increased regulatory scrutiny, is weighing a sale of its index business, said Reuters, citing two sources familiar with the situation. Reference Link
08:27 EDTCCiti cuts 35 capital markets jobs in London, Reuters reports
Subscribe for More Information
07:51 EDTCClearing House Payments Company to hold a conference
Subscribe for More Information
07:37 EDTCCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 17, 2014
14:16 EDTCCitigroup reports October credit loss 2.18% vs. 2.53% last month
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use