Koboltti Chemicals completes its Jervois stay quickly, but Citibank withdraws its participation

On Thursday, Citi's equity desk rounded off a busy week with an $83 million block trade in Jervois Global stock.

Citi was looking for purchasers for 106.3 million shares, or 7% of the company, at a price range of 78 to 86 cents per share, a 12.8 per cent discount from the previous c...

CITIBANK KOREA POSTPONES EXIT PLAN AGAIN

HIGHLIGHTS

• Citibank Korea has postponed its decision on exit plan for the second time.
• Citibank was earlier planning to stop its retail business operations in South Korea.
• Citibank apparently failed to agree on sales terms with potential bu...

YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

CITIGROUP WILL PAY $400 MILLION FINE OVER FAILURE TO ASSESS RISK AND INTERNAL CONTROLS

Highlights

• According to the Federal Reserve, Citigroup has failed in various areas of risk management and internal controls that include data management, capital planning and regulatory reporting

• This fine was the punishment for Citigroup's long standing fail...

“KIKO” - CITIBANK KOREA AND KDB WON’T ACCOMMODATE FSS’ DECISION

Highlight –

• KIKO or knock-in – knock out contracts, Citibank Korea and Korea Development Bank rejects FSS’ decision
•  Earlier FSS had advised commercial banks to pay indemnities
• Citibank Korea’s share was to com...

Citibank on top of mobile banking

Banking has been changing all over the world as everyone is now going digital and going tech advanced and tech-based in almost all finances, and the United States has been no exception to this change in the trend. The United States has had some trouble getting used to the digital finance and bank...