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Citigroup Inc

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  • HONG KONG, July 3- Asian stocks fell on Friday as China's stocks plunged and growing caution before Greece's weekend referendum prompted investors to cut risky bets, while disappointing U.S. employment data weighed on the dollar. The rout in China's stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen's stock...

  • *Investors cautious ahead of Greece's referendum on Sunday. TOKYO, July 3- The dollar slipped in early Asian trading on Friday, as disappointing U.S. employment data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued. The euro edged down about 0.1 percent to 136.31 yen, while gaining about 0.1 percent against its U.S....

  • *Investors await outcome of Greece's referendum on Sunday. TOKYO, July 3- Asian stocks were little changed on Friday, with investors reluctant to stake out fresh positions after disappointing U.S. employment data and cautious ahead of Greece's weekend referendum which may decide its future in Europe. MSCI's broadest index of Asia-Pacific shares outside...

  • Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions. The banks named in the Cade probe are Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays Plc, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase& Co, Morgan Stanley& Co, Nomura Holdings Inc,...

  • LONDON, July 2- Tom Hayes, a former trader on trial in London on Libor-rigging charges, said he must have been either stupid or untroubled by his business practices because he left reams of evidence, according to documents presented to the court on Thursday. In the first trial of an individual accused of benchmark interest rate manipulation, the court heard that...

  • NEW YORK, July 2- With analysts' expectations for second-quarter U.S. earnings at rock-bottom levels, many companies may well beat forecasts, possibly setting up the stock market for gains in the coming weeks. With Alcoa set to kick off results season next week, investors are eyeing a 3- percent projected drop in benchmark S&P 500 earnings from a year ago, which...

  • SAO PAULO, July 2- Brazil antitrust watchdog Cade opened on Thursday an investigation over alleged currency rigging by a group of 15 global banks, the first of its kind in one of the world's busiest foreign exchange markets. In a statement, Cade said the banks colluded to influence benchmark currency rates in Brazil by aligning positions and pushing...

  • NEW YORK, July 1- A U.S. judge has refused to dismiss Allied Irish Banks Plc's lawsuit accusing Citigroup Inc of helping rogue currency trader John Rusnak rack up a $691 million loss. District Judge Deborah Batts in Manhattan said government-controlled AIB may pursue a variety of fraud claims against Citigroup in its lawsuit seeking $500 million of...

  • Ace buying Chubb, deal to create insurance giant Wednesday, 1 Jul 2015 | 7:36 AM ET

    WARREN, N.J.— Insurer Ace Ltd. is buying The Chubb Corp. for about $28.3 billion in cash and stock in a deal that will create one of the world's largest insurers. The combined company plans to use the Chubb name and will have its main offices in Zurich, Switzerland, where Ace is based. Chubb shareholders will receive $62.93 per share in cash and 0.6019 shares of Ace Ltd....

  • POLL-Iran oil exports could jump by 60 pct in a year Wednesday, 1 Jul 2015 | 5:59 AM ET

    LONDON/ BENGALURU, July 1- Iran will increase its oil exports by up to 60 percent within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday. A poll of 25 oil analysts from leading banks and brokerages forecast Iran would be able to raise crude oil output by between 250,000 and 500,000...

  • NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...

  • Owner of India's IndiGo airline files for IPO Tuesday, 30 Jun 2015 | 11:29 PM ET

    InterGlobe Aviation, owner of IndiGo, has filed an IPO prospectus, aiming to list on the domestic stock market and cash in on a booming air travel market.

  • LONDON, June 30- Tom Hayes, the former UBS and Citigroup trader on trial in London on Libor rigging charges, told a broker to pay Hayes' 1,000 pound restaurant bill as a reward for giving the broker business, a court heard on Tuesday. Hayes, a former yen derivatives trader based in Tokyo, was on gardening leave from UBS at the time in 2009, having been hired by Citigroup...

  • *Brazil, Iraq seen as top global oil supply contributors. LONDON, June 30- Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry. Brazil and Iraq had been expected to add over 2...

  • LONDON, June 30- Euro zone stocks and low-rated bonds recovered the worst of their losses on Tuesday but remained on edge as Greece looked set to default on a debt repayment to the IMF and plunge deeper into financial crisis. The breakdown of talks between Athens and international creditors over the weekend has led Greece to close its banks and impose capital...

  • TOKYO, June 30- General Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial...

  • *Controls lasted years in Cyprus and Iceland. *Greece could stabilise banks but system may go bankrupt. ATHENS/ LONDON, June 29- Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalisation under a lengthy financial rebuilding, industry sources said.

  • *Controls lasted years in Cyprus and Iceland. *Greece could stabilise banks but system may go bankrupt. ATHENS/ LONDON, June 29- Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalisation under a lengthy financial rebuilding, industry sources said.

  • Would Greece thrive in a 'drachma world'? Monday, 29 Jun 2015 | 11:00 AM ET
    Would Greece thrive in a 'drachma world'?

    "The bounce back for Greece would probably be easier in a drachma world," Antonin Jullier, global head of equity trading strategy at Citi, tells CNBC.

  • *Copper steady after China central bank cuts rates. LONDON, June 29- Nickel hit a six-year low on Monday as the Shanghai Futures Exchange approved three new nickel brands for delivery against its contracts, and as persistently high stockpiles and risk aversion over Greece weighed on the market. Copper bucked the wider downward trend in metals, rising on hopes...