Exclusive: Citigroup to hire 3,000 in Asia institutional banking business in growth push
Citigroup Inc (C.N) plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets, its Asia Pacific chief executive said.
SoftBank seen posting bruising Vision Fund loss on tech sell-off
Japan’s SoftBank Group Corp (9984.T) is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential.
Stocks up, U.S. yields at 3% as markets ready for Fed hike
World stocks rose on Tuesday and U.S. 10-year Treasury yields held above 3% as investors prepared for the Federal Reserve’s biggest rate hike since 2000.
Exclusive: Moscow sets out new controls on foreigners trading Russia assets
Russia has set out strict rules for foreigners seeking permits to buy and sell Russian securities and real estate, a client memo by Citigroup (C.N) showed, as details emerge of new state controls on investment in response to Western sanctions.
Analysis: Confusion, but not panic, reigns in global finance in Russia’s wake
Western allies’ sanctions against Russia have started to blow back in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, such fires have been precursors to financial crises.
Dealmaking helps Deutsche Bank deliver biggest profit in a decade
Deutsche Bank (DBKGn.DE) delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing’s hand as he fine tunes a new strategy and targets for the years ahead in March.
Factbox: U.S. banks tighten COVID-19 precautions as Omicron variant spreads
U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
Factbox: U.S. banks tighten COVID-19 precautions as Omicron variant spreads
U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
Wall Street firms retreat from office, holiday parties as virus spreads
Wall Street banks and investment firms are retrenching from their push to get staff back to the office, with Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N), Carlyle Group Inc (CG.O), Blackstone (BX.N) and MetLife (MET.N) among the latest to adjust plans as the Omicron variant of the coronavirus spreads.
LG Energy Solution targets up to $10.9 bln in S.Korea’s biggest IPO
LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea’s biggest initial public offering as the battery maker seeks funds to expand and meet booming demand for EV batteries.
