Rolls-Royce shares slip following broker downgrade January 6, 2025 Rolls-Royce shares dipped more than three per cent in early deals this morning after analysts at investment bank Citi downgraded the stock. The analysts downgraded the FTSE 100 giant from a ‘Buy’ to a ‘Neutral’ rating while increasing the price target from 555p to 641p. Despite the stock currently sitting at 576p, the analysts said [...]
HSBC poaches Citi veteran to lead Innovation Banking November 21, 2024 HSBC has poached Citigroup veteran Emily Turner to be chief executive of its Innovation Banking arm, formerly known as Silicon Valley Bank UK. Turner is due to join the bank in February, subject to regulatory approval, succeeding Erin Platts – who will join investment firm Octopus Ventures in the new year. A 13-year veteran of [...]
Square Mile and Me: Broadridge International president Mike Sleightholme October 31, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Mike Sleightholme, international president of S&P 500 fintech Broadridge.
Wall Street lenders beat earnings estimates as investment banks rebound October 16, 2024 Morgan Stanley, Goldman Sachs, Bank of America and Citigroup all surpassed analysts' estimates for their third-quarter earnings, helped by renewed strength in their investment banks.
Bosses at world’s biggest banks: Britain is ‘ready for investment’ October 14, 2024 Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Citi removes EU-imposed bonus cap for top London bankers August 14, 2024 Citigroup has become the latest Wall Street bank to scrap an EU-imposed bonus cap, paving the way for it to award bigger payouts to some of its top London staff.
Citi set to become latest Wall Street bank to scrap UK bonus cap August 11, 2024 Wall Street giant Citigroup is set to become the latest US bank to remove an EU-imposed bonus cap for hundreds of its top London staff, following in the footsteps of its biggest rivals.
Citi capitalises on investment banking rebound as Jane Fraser’s overhaul in focus July 12, 2024 Citi outperformed expectations in the second quarter as the bank was lifted by a strong investment banking performance and lower costs.
Citi was drug trafficking duo’s favourite bank, DEA officials say July 1, 2024 Senior US law enforcement officials have argued a pair of drug traffickers opted to launder money through Citigroup as they considered the bank's fraud controls "more favourable".
Millions or billions? Citi fined £62m after trader gets mixed up May 22, 2024 The UK's banking and financial regulators have slapped Wall Street titan Citigroup with a £61.6m fine for trading systems and controls failures.