Citigroup Inc (NYSE:C) Israel projects growth driven by mergers and acquisitions in the Israeli technology industry. According to Citigroup Israel CEO Neil Corney, the country’s high tech industry has an active scene of mergers and acquisitions, with tech giants such as Google Inc (NASDAQ:GOOGL) and Cisco Systems, Inc. (NASDAQ:CSCO) doing a shopping spree for Israeli…
Bank of America Corp (BAC), Citigroup Inc (C) Prepares for Fourth Quarter Decline in Trading Revenue
Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) have predicted a decline in trading revenue for the fourth quarter, as per presentations from the two firms’ CEOs in an investor conference in New York on Tuesday. Bank of America Corp (NYSE:BAC) CEO Brian Moynihan had told investors at the said conference to expect lower…
Citigroup Inc (C) Bracing for $2.7 Billion Legal Expenditures in Fourth Quarter
Citigroup Inc (NYSE:C), the third largest bank in the U.S.. in terms of assets, is bracing for an additional $2.7 billion in legal charges in the fourth quarter, according to CEO Mike Corbat, at an announcement made during an investor conference in New York. Another $800 million allotted for retrenching workers and closing branches makes…
Citigroup Inc (C)’s Japan Credit Card Unit Receives Joint Offer With Shinsei Bank Ltd. (8303) As Primary Buyer
Citigroup Inc (NYSE:C) initiated second round of auction for its credit card business in Japan along with its retail unit. The bank has received joint offer from three companies with Shinsei Bank Ltd. (TYO:8303) as the primary investor in the business. The deal is likely to settle between $247.18 million to $411.90 million. The three…
Citigroup Inc (C) Stopping LavaFlow ECN
Citigroup Inc (NYSE:C) will close down LavaFlow, an alternative trading platform also known as electronic communications network (ECN). An exclusive report by Reuters divulged of the bank’s decision to re-align capital. efforts, and resources from LavaFlow ECN towards other units in Citi’s Equities Division. LavaFlow ECN, currently one of the largest trading platforms within Wall…
American International Group Inc (AIG), Citigroup Inc (C), and Sirius XM Holdings Inc. (SIRI): Top Stock Holdings of Omega Advisors Inc.
Founded by Leon cooperman in 1991, Omega Advisors Inc. is a hedge fund firm active in alternative market investments, fixed income, and public equity. The fund manages client focused portfolios, and also offers its services to corporations, charitable organizations, as well as pension and profit sharing entities. Its SEC 13F filing dated November 14, 2014…
General Motors Company (GM), Citigroup Inc (C), Priceline Group Inc (PCLN): Primary Stock Holdings of Appaloosa Management
Appaloosa Management is run by billionaire David Tepper and the latest SEC 13F filing of the investment manager on November 14 highlights its stake in Alibaba Group Holding Ltd (NYSE:BABA) with 725,000 shares of the internet company. Some of the primary stock investments of the Appaloosa Management include General Motors Company (NYSE:GM), Citigroup Inc (NYSE:C),…
Microsoft Corporation (MSFT), Citigroup Inc (C), CSX Corporation (CSX): Top 3 Holdings of Causeway Capital Management LLC
Causeway Capital Management LLC is an independently owned investment management firm that specializes in the management of international and emerging market investments and absolute return equities. The firm’s clientele consists of foundations, corporate, mutual funds, endowments, and more. Causeway Capital Management LLC submitted its third quarter SEC 13F Filings on November 14, 2014, for the…
Citigroup Inc (C) Haunted By Foreign Exchange Scandal, Fines Exceed $1 Billion
It looks like the legal nightmares are nowhere near their end for Citigroup Inc (NYSE:C), as the financial institution agreed to pay up to $1.02 billion to settle the foreign exchange rate scandal. Citibank is not the only bank involved in the probe and other banks are likely to come up with similar settlements in…
Citigroup Inc (C) Announces Additional $600 Million For Legislative Issues, Adjust Quarterly Guidance
Citigroup Inc (NYSE:C) announced additional $600 million funds to cover up for legal issues amid increasing regulatory inquiries. At the same time, the financial institution mentioned inquiries related to the foreign exchange market and associated services. Citigroup is one of the many banking institutions facing inquiries related to foreign exchange rates manipulations and the bank…
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