US Midterms 2026: Luxury spending slows ahead of November elections, Citi data shows
The Citi data backs surveys from the Conference Board and the University of Michigan that showed growing unease about the US economy among the voters...
Tag : Citi
Citi’s China brokerage push set to intensify competition in local market
The American bank, in 2021, applied for a wholly-owned mainland brokerage unit licence to ramp up its presence in China...
Goldman Sachs, BofA-led consortium plans 2027 stablecoin launch
The group also eyes expanding into stablecoins pegged to other G7 currencies, with the euro emerging as the top priority...
UniCredit, Commerzbank pan each other after Germany shows door to Italian venture
Germany cited low price and concerns about the UniCredit's “aggressive approach,” behind its rejection of the Italian bank's takeover proposal for Commerzbank...
JPMorgan, Goldman Sachs, Mizuho to guide SoftBank’s IPO efforts
SoftBank-backed SB Energy, through its IPO, is reportedly seeking a valuation of over USD 50 billion in its market debut...
Citi takes the lead as major banks downsize workforce to streamline costs
Citi has recently announced that it will cut 7,000 jobs, as part of their plan to reduce staffing by 20,000 over the next two years...
Citi to seek a banking licence to boost its business in Saudi Arabia
Citi wants to expand into trade finance and treasury solutions...
Oil behemoth Aramco begins Islamic bond sale
The sukuk sale, which began on June 7th, is expected to conclude on June 17th...
Citigroup Saudi Arabia appoints new chief executive officer
In his new role, Wasim will be responsible for the company’s regulated business in Saudi Arabia and overall delivery of the clients...
Citi’s new five-year strategy to finance climate solutions
The 2025 Sustainable Progress Strategy also comprises a $250 billion Environmental Finance Goal...