New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 13, 2014
05:30 EDTCCitigroup announces agreement to sell consumer bank in Greece
Citi has signed an agreement with Alpha Bank to sell its consumer banking business in Greece along with its Diners Club of Greece SA credit card operations. The sale includes approximately $600M in GAAP assets, 480,000 customers, $1.4B in deposits and $540M in customer receivables. Approximately 730 consumer banking employees and the Citi branch and ATM network in Greece will transfer to Alpha Bank. The sale, which is subject to regulatory and other customary approvals, is expected to close in Q3. Citi intends to focus on expanding the services it offers to Greek corporations, financial institutions, shipping, private bank and public sector clients as well as continuing to service its multi-national clients with operations in Greece. 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.
News For C From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 2, 2015
12:22 EDTCBrazil investigates banks for exchange rate manipulation
Subscribe for More Information
July 1, 2015
07:57 EDTCU.S. banks not facing significant direct losses on Greek default, WSJ says
Subscribe for More Information
June 29, 2015
16:00 EDTCOptions Update; June 29, 2015
Subscribe for More Information
June 26, 2015
07:28 EDTCKKR-backed Coffee Day plans $181M IPO in India, Bloomberg reports
Coffee Day Enterprises, which includes KKR (KKR) among its investors, plans to raise as much as $181M from an initial share sale in India, Bloomberg reports. Kotak Mahindra Capital, Citi (C), and Morgan Stanley (MS) are among the managers to the planned sale, the report says. Reference Link
06:38 EDTCCiti plans to combine retail banking, mortgage operations, Reuters says
Subscribe for More Information
June 25, 2015
10:11 EDTCBrooks Brothers, Citi announce exclusive credit card relationship
Subscribe for More Information
07:13 EDTCFed director says full transparency in stress testing can be 'enormous weakness'
Subscribe for More Information
05:35 EDTCCiti apppointed depository bank for Celyad ADR program
Subscribe for More Information
June 24, 2015
10:00 EDTCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
06:37 EDTCDeutsche downgrades Citi, Goldman after share rallies
Deutsche Bank analyst Matt O'Connor recommends using the strong share performance of both Citi (C) and Goldman Sachs (GS) as on opportunity to take profits. The analyst this morning downgraded shares of both investment banks to Hold from Buy. Citi is up 21% from the lows on January 30 while Goldman is up 30% since July 1, 2014, the analyst points out. On Citi, O'Connor sees less near term upside with fixed income trading entering a seasonally weak period and core cost reductions largely over. On Goldman, the analyst sees a lack of catalysts to drive the stock meaningfully higher in the near term. His top picks among U.S. Banks are Bank of America (BAC), JPMorgan (JPM), M&T Bank (MTB) and SunTrust (STI).
06:27 EDTCCiti downgraded to Hold from Buy at Deutsche Bank
Subscribe for More Information
June 23, 2015
09:36 EDTCActive equity options trading on open
Subscribe for More Information
06:25 EDTCBarclays-Stifel deal marks end of Lehman legacy, Business Insider reports
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