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Citi’s Rousseau to focus on France, financial advisory across EMEA

LONDON (Reuters) – Citigroup (C.N) has hired Robin Rousseau as a vice chairman of investment banking for Europe, the Middle East and Africa, a memo seen by Reuters shows. Based in Paris, Rousseau will focus on the bank’s French client franchise while also prov... More »

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Citigroup allows hedge fund ValueAct more access

NEW YORK (Reuters) – Citigroup Inc (C.N) will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist hedge fund are deepening their relationship roughly a year after ValueAct first invested in Citi. The ... More »

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Citigroup to invest in London, hire staff despite Brexit: FT

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren (Reuters) – Wall Street bank Citigroup Inc (C.N) will set up an innovation c... More »

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Citi hit with $6.5 million in U.S. fines over student loans

FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/File Photo WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it had ordered Citiban... More »

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Citigroup cuts CEO Corbat`s pay after missing financial targets

FILE PHOTO – Michael L. Corbat, president of the Citigroup, arrives at the Planalto Palace before a meeting with Brazil’s President Dilma Rousseff in Brasilia April 9, 2013. REUTERS/Ueslei Marcelino Citigroup Inc’s (C.N) board of directors cut Chief Executive ... More »

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Citigroup may benefit less from tax cuts than other U.S. banks

A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/Files Citigroup Inc (C.N) stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the... More »

Citi creates new group focused on serving fund clients

Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday. The ... More »