Citigroup to sell China consumer wealth business to HSBCCitigroup has agreed to sell its China consumer wealth portfolio, including clients, assets under management, and deposits, to HSBC. The de...
09 Oct, 2023, 09.44 AM IST
HSBC to acquire Citigroup China consumer wealth business -sourcesThe transaction, the financial details of which were not immediately known, will also see Asia-focussed HSBC taking over "a few hundreds" o...
28 Sep, 2023, 09.39 AM IST
From HSBC to Citi, global banks expand maternity benefits to retain women in IndiaGlobal financial firms operating in India, such as HSBC, Morgan Stanley, and Citigroup, are expanding their maternity benefits in an effort...
18 Sep, 2023, 06.51 AM IST
Citigroup sets India as high priority market amid China risksIndia presents “very clear” opportunities, said Manolo Falco, the global co-head of Banking, Capital markets and Advisory, in an interview ...
23 Sep, 2022, 04.50 PM IST
HDFC Bank to be among global top 10 after mergerHDFC Bank has a market capitalisation of about $108 billion. It has recently edged past Citigroup (over $100. 5 billion), which was at numb...
25 Jul, 2022, 07.42 AM IST
Citi retreat highlights global banks’ struggle in China, IndiaIncreased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challen...
16 Apr, 2021, 12.57 PM IST
Squeezed by superpowers, HSBC eyes next step of endless reboot to evade recession prospectsThe task of jettisoning low-return units while doubling down on Asia has gotten a boost from three new directors. The board will cut about ...
28 Jul, 2020, 09.46 AM IST
Michael Pompeo blasts HSBC for 'corporate kowtows' over Hong KongUS Secretary of State Michael Pompeo criticised HSBC Holdings for backing China’s move to impose national security legislation in Hong Kong...
10 Jun, 2020, 11.45 PM IST
Analyst Calls: Aurobindo Pharma, HCL Tech, Biocon, SobhaICICI Securities has a buy rating on Varroc Engineering with a target price of Rs 537.
13 Mar, 2020, 07.25 AM IST
Analyst Calls: Maruti Suzuki, Tech Mahindra, Petronet, Astral Poly TechnikMaybank Kim Eng Securities has maintained sell rating on Maruti Suzuki India with a target price of Rs 4299.
31 Oct, 2019, 07.30 AM IST
China is about to give global finance the chance of a lifetimeChina’s big financial opening won’t be without risks and setbacks. The heavy hand of the state will need to recede before foreigners jump i...
07 May, 2018, 07.48 PM IST
China inclusion in MSCI EM may increase weightage by only 5%Global investment houses, such as Goldman Sachs, see 70% probability of China’s A-shares being included in the MSCI Emerging Markets index.
14 Jun, 2016, 04.56 AM IST
- Copper climbs most in six weeks on Asia revival trend
Copper rose the most in six weeks in London on Wednesday, narrowing the first monthly drop since July, after reports suggesting a revival i...
01 Nov, 2012, 06.00 AM IST
- Citigroup beats HSBC as biggest arranger of bond sales from India
Citigroup Inc has overtaken HSBC Holdings as the leading arranger of overseas bond sales from India for the first time.
28 Oct, 2010, 12.55 AM IST
- Asia breathes easier after US rescues Citigroup
Asia breathed a little easier after the U.S. government cast a lifeline to Citigroup Inc, averting what many believed would have been a cat...
24 Nov, 2008, 06.01 PM IST
- Citigroup bets big on Asia, plans to add 10,000 jobs
Citigroup Inc chief executive officer Charles Prince may add more than 10,000 employees in Asia through acquisitions as the biggest US bank...
30 Mar, 2007, 02.54 AM IST
- BankAm topples Citi as world's largest bank
Bank of America on Tuesday became the world’s largest bank by market value, dethroning longtime leader Citigroup.
09 Aug, 2006, 02.03 AM IST