(Reuters) – Citigroup Inc said on Monday its unit Citi Commercial Bank (CCB) will hire 900 staffers, including 400 commercial bankers, over the next three years in a bid to fast-track its growth. The U.S. lender said that along with launching in new markets and expanding its digital capabilities, the Commercial Bank is looking to …
Citi plans 900 hires for commercial bank over next three years Read More »
By Tom Bergin (Reuters) – Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of more to come if there is no end to the Ukraine conflict is likely to push Moscow to seek alternatives. Russia could in theory try to replace SWIFT’s communications system that keeps international …
Explainer-Russia could work around SWIFT ban but with high costs Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) -Billionaire investor William Ackman has built a new stake in railroad operator Canadian Pacific, returning to one of his most profitable investments as rail firms eye a boost from the drive to cut carbon emissions and as manufacturing is brought back to the United States and Mexico from abroad. Ackman’s …
Ackman’s Pershing Square takes new stake in Canadian Pacific Read More »
SAO PAULO (Reuters) -The Brazilian unit of Citigroup Inc has hired former Itau Unibanco executive Fernando Iunes as banking, capital markets and advisory (BCMA) vice-chairman, the bank said in a statement. Iunes has been executive at Itau’s investment banking unit and partner at asset manager EB Capital. He has also been on the board of …
Citigroup Brazil hires former Itau executive Iunes Read More »
By Ross Kerber (Reuters) – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion of Ukraine, but urged executives to take care to avoid causing unintended harm to employees, political dissidents or consumers. In a statement to be …
Investors warn of unintended consequences as companies cut Russian ties Read More »
NEW YORK (Reuters) -Wells Fargo & Co and Bank of America each pledged on Wednesday to donate $1 million to the American Red Cross and other non-profit groups that are helping Ukraine and refugees fleeing invasion by Russia. Their pledges follow a raft of similar announcements made by U.S. and European companies that have begun …
By David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc unveiled a raft of new targets as it laid out its strategy for the next three to five years on Wednesday, but analysts remained skeptical about whether it can successfully execute the plan. The bank set new profitability targets and gave detail on …
Citigroup sets new targets; analysts remain skeptical Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Investment firm Donerail Group has abandoned plans to buy gaming equipment company Turtle Beach Corp and is instead seeking to oust all of its six board members including its CEO, according to a letter seen by Reuters. Donerail, which owns a 7.4% stake in Turtle Beach, initially called on …
Donerail drops plan to buy Turtle Beach, instead seeks to oust board -letter Read More »
By Ross Kerber (Reuters) – Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S. pension official to date in response to Moscow’s invasion of Ukraine. In a statement sent by a spokesperson, Wooden said the sales were needed both for …
Exclusive-Connecticut treasurer orders pension funds to divest Russian assets Read More »
By Simon Jessop, Karin Strohecker and Gwladys Fouche LONDON (Reuters) -The number of investors seeking to ditch their Russian holdings continued to grow on Monday following the country’s attack on Ukraine and despite attempts by its central bank to staunch the flow. The exodus of capital from Russia has accelerated since Ukraine was invaded last …
More investors join Russia exodus, find it hard to leave Read More »
