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CITIGROUP RUSSIA SALE
Bound for Mars, Elon Musk's SpaceX unveils filing for blockbuster IPOSpaceX has filed for its initial public offering. The company aims for a trillion-dollar market debut. This listing could set a precedent f...- Citigroup exits Russia, closer to completing strategic divestituresCitigroup has completed its exit from Russia by selling its former subsidiary to Renaissance Capital, a move approved by regulators. This t...
- Citigroup profit beats estimates as dealmaking reboundsCitigroup surpassed Wall Street profit expectations, driven by a surge in dealmaking and corporate client services. Investment banking fees...
- Citigroup selling its Russia business at $1.1 bn lossCitgroup on Monday said it is selling the last of its business operations in Russia, and expecting to log a $1.1 billion loss in the proces...
- 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...
- Deutsche Bank tells investors some of their Russian shares are missingGermany's largest bank said in a note dated June 9 and viewed by Reuters that it had uncovered a shortfall in the shares that back the depo...
- Citi to wind down consumer banking in China, affecting about 1,200 staffThe group had announced plans in April 2021 to exit its Chinese consumer banking business as part of a global strategy to withdraw from con...
- Warren Buffett's Berkshire buys Citigroup and several other stocks, slashes VerizonBerkshire also finally exited Wells Fargo & Co, a 33-year-old investment that Buffett soured on after finding it too slow to address revela...
- Russia makes last-minute bond payment to avoid defaultRussia has not defaulted on its foreign debts since the Bolshevik Revolution in 1917, when the collapse of the Russian Empire led to the cr...
- Russian companies, banks could reap hundreds of millions of dollars from depositary receipt delistingDepositary receipts are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. They allow...
- Retreat from Russia riddled with risks for Western banksThere is a growing realisation that these sanctions are likely to remain long-term, industry sources told Reuters, which means strategic no...
- Here are the Asian stocks most affected by the Ukraine turmoilSo far, Asia’s commodity and shipping stocks are emerging as safer bets given concerns about shortages of raw materials as Russia is a majo...
- Central banks sell gold for first time in a decadeWhile inflows into exchange-traded funds have driven gold’s advance in 2020, buying by central banks has helped underpin bullion in recent ...
- Analyst Calls: Dr Reddy's Lab, Sudarshan Chemicals, Varun Beverages, BELAmbit Capital has maintained buy rating on Sudarshan Chemicals with a target price of Rs 420.
- Crude oil may touch $100 by Dec if supply crunch gets worse: CitiThe outlook comes as the Opec and its allies send mixed supply signals to the market.
- Top five stock ideas from foreign brokerages for lacklustre marketDifferent brokerages, came out with these recommendations this week in separate notes to their clients.
- Russian companies face threat by sanctions imposed by US and European Unionnce many large Russian companies are controlled by the state or by billionaires with close ties to President Vladimir Putin, even narrowly ...
- Global investment firms losing market share to local competitors in developing nationsStagnant revenue, job cuts and pressure to shrink quickly and curb compensation have weighed down banks based in London, Zurich and New Yor...
- Analyst's Pick: Dr Reddy's LaboratoriesCitigroup recommends 'Hold' rating on Dr Reddy’s Laboratories with a target price of Rs 547.
- Europe’s IPO market gives Wall St a run for its moneyThe lights may be going out on Wall Street, where for the first time since World War II bankers are on the verge of earning less from initi...
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