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CITIGROUP NEWS
Citi sees brent crude sliding to $60/bbl as supply fears easeGeopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, accordi...- Citi becomes No. 1 investment banker in India, earns $60 million in last 6 months: LSEGThe jump gives Citi a 9.8% wallet share of India's total investment banking fee pool, which itself shrank 20% year-on-year to $614.1 millio...
- Bitcoin crash explained: Why BTC USD plunged below $66,000 and why Citigroup says Strategy's BTC sale isn't the real reason for the crypto's price dropBitcoin crash reason explained: Bitcoin experienced a significant price drop, with Citigroup attributing the downturn primarily to substant...
- OpenAI has discussed adding Citigroup, JPMorgan to bank lineup for IPOOpenAI filling out its roster of underwriters would bring it a step closer to an IPO, which could come later this year. A confidential IPO ...
- SpaceX lowers IPO valuation target to at least $1.8 trillionBloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations...
- US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
- JPMorgan rolls out AI tools in investment banking globally, senior banker saysJPMorgan is widely implementing AI tools across its global investment banking operations, signaling a significant shift in the sector. The ...
- Cerebras to raise IPO price range to $150-$160 as demand surgesCerebras Systems plans to increase its IPO size and price. Demand for its artificial intelligence chips is surging. The company is consider...
- US market today: Citigroup targets stronger profitability as CEO Fraser drives overhaulCitigroup unveiled ambitious profitability targets for 2027-2028, aiming for 11-13% adjusted return on tangible common equity, with further...
- US stocks today: HSBC turns bullish on US equities citing earnings momentumHSBC upgraded U.S. equities to "overweight" from "neutral," citing strong earnings momentum and easing geopolitical risks. The brokerage al...
- Why are US stock market futures up today, and will S&P 500, Dow Jones and Nasdaq stay in green or turn red again? Wall Street futures, US stocks to watch, analysts insights, market outlookWhy are US stock market futures up today, and will S&P 500, Dow Jones and Nasdaq stay in green or turn red again? Futures moved higher as i...
- Elon Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reportsSome banks have agreed to spend tens of millions of dollars a year on the chatbot and have begun integrating it into their IT systems, the ...
- Citigroup names Rob Chan to lead Asia ECM syndicate, memo saysChan has been with Citigroup since 2003 and most recently led its Asia Pacific equity-linked origination unit. He will keep running that bu...
- Citigroup employees expect management reshuffle, layoffs on Monday -sourcesLast month, Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. In the two top layer...
- Citigroup adds more capacity in its Chennai, Pune CSCs"The Leadership in Energy and Environmental Design (LEED) certified incremental spaces, spread across 4.20 lakh sq ft at the existing locat...
- Citi says oil's record plunge is a `Made in America' phenomenonWTI, was at $56 a barrel, following a record 12 session slide through Nov. 13.
- It's time for Vikram Pandit to deliver: AlwaleedSaudi investor Prince Alwaleed bin Talal told Citigroup CEO that his 'honeymoon is over' after two years in the top job. Interview mistakes...
- Sumitomo Mitsui, Citigroup reach deal on brokerageSumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said on Friday, as part of a plan to restructure the stru...
- Citigroup sues Wachovia, Wells Fargo, for $60 bnCitigroup on Monday sued rival Wells Fargo & Co and Wachovia for $60 bn in punitive and compensatory damages.
- Wells Fargo blocked from buying Wachovia: CitiThe fight over control of Wachovia intensified on Saturday, as a judge temporarily agreed to block the sale of the bank by Wells Fargo, Cit...
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