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Citigroup faces big hit as result of tax shift

Citigroup finance chief John Gerspach said Wednesday the bank is likely to take a hit of about $20 billion to profits under the tax plans recently passed by Congress......»»

Category: topSource: foxnewsDec 7th, 2017

Citigroup (C) May Shift EU Operating Center to Frankfurt

Earlier this week, Citigroup Inc. (C) said that it may move to Frankfurt for its sales and trading in the European Union as a result of Brexit, ending.....»»

Category: topSource: zacksFeb 24th, 2017

Pay for medical care only if it works? Industry faces massive shift toward value-based care

Business InsiderAdam Berry /Getty Dr. Vivian Lee, the dean of the School of Medicine at the University of Utah, pulled up a slide with a Google search.  Typed into it were the words "radiologists are..." The top auto-fill result? Parasites.  It'.....»»

Category: topSource: businessinsiderNov 30th, 2016

Troubles Run Deep: Sell Under Armour

Despite the skid in the shares, the sportswear company faces continuing woes, from a shift to lifestyle garments to the internet.....»»

Category: topSource: barronsNov 5th, 2017

Who owns a tip? Trump may shift it to restaurant owners

Worker advocates fear a new Labor Department rule could result in waitstaff getting stiffed on their tips.....»»

Category: topSource: moneycentralOct 31st, 2017

Trump considers big shift at Federal Reserve as he faces pressure to appoint a Republican

Trump considers big shift at Federal Reserve as he faces pressure to appoint a Republican.....»»

Category: topSource: washpostOct 20th, 2017

Trump considers big shift at Federal Reserve as he faces pressure to appoint Republican

Trump considers big shift at Federal Reserve as he faces pressure to appoint Republican.....»»

Category: topSource: washpostOct 20th, 2017

JoCo businessman faces $4M judgement for selling phony loan portfolios

A Johnson County businessman owed the government $4 million as a result of accusations that he sold fake payday loan portfolios. A federal judge awarded the Federal Trade Commission the judgement against Joel Tucker, The Kansas City Star reports. The F.....»»

Category: topSource: bizjournalsOct 2nd, 2017

Citigroup to settle dispute with Lehman Brothers for $1.74 bn

The dispute arose because Citigroup said it was owed $2 bn as a result of Lehman's bankruptcy, while latter argued that the money should go to its creditors.....»»

Category: topSource: thehindubusinesslineSep 30th, 2017

After New Zealand"s Unclear Election, Populists Play Kingmaker

New Zealand faces an anxious wait to see which of its major political parties can form a government after a hotly contested general election failed to deliver a clear result......»»

Category: topSource: wsjSep 23rd, 2017

The Secret of Angela Merkel"s Longevity: Strategic Flip-Flops

The German chancellor’s party is heavily favored in elections this weekend, which likely will result in her securing a fourth term. Interviews show how her success comes from an uncanny ability to shift decisively with the political wind......»»

Category: topSource: wsjSep 20th, 2017

Pentagon Faces Delays in Shift Away From Russian Rocket Engines

Technical and funding challenges will force the Pentagon to rely on Russian-manufactured rocket engines at least through the middle of the next decade, several years longer than originally anticipated......»»

Category: smallbizSource: wsjSep 4th, 2017

Apple shifts Siri responsibility

Shift in Siri's leadership comes as Apple faces competition to get users speaking to its devices.....»»

Category: topSource: business-standardSep 2nd, 2017

Big Food Faces Pressure From Retailers Demanding Discounts

Packaged-food companies have been struggling with declining sales as shoppers shift from older brands to options perceived as healthier. Now retailers are adding to the companies’ woes......»»

Category: smallbizSource: wsjAug 31st, 2017

Citigroup is said to move 1,200 workers in Tokyo office shift

(Bloomberg) -- Citigroup Inc. will move its Japan headquarters and about 1,200 employees to a new building in Tokyo by the end of the third quarter, according to people familiar with the matter......»»

Category: topSource: moneycentralAug 20th, 2017

Apple Supplier Japan Display Braces for iPhone 8 OLED Shift

The LCD display maker faces short-term pain as Apple moves to a technology that it can't provide, and risks long-term pain if it can't develop its OLED capacity quickly enough to get back in the game......»»

Category: topSource: foxnewsAug 11th, 2017

Hong Kong, the global capital of hustle, is gripped by self doubt

OF THE world’s three great commercial centres—New York, London and Hong Kong—two are on the defensive. London faces a rupture with the European Union, which wants to seize the City’s euro-related activities and shift them i.....»»

Category: topSource: economistAug 3rd, 2017

Citigroup to move part of private banking to Madrid due to Brexit: source

MADRID (Reuters) - Citigroup is at an advanced stage in plans to move part of its private banking unit from London to Madrid next year as a result of Britain's decision to leave the European Union, a source familiar with the matter said on Thursday......»»

Category: topSource: reutersJul 27th, 2017

In a world according to Amazon, we love the shift from cash to plastic, says Citigroup CEO

Amazon's global reach benefits credit card issuers like Citigroup, Michael Corbat argues......»»

Category: topSource: madmoneyJul 26th, 2017

"China Faces Its Comeuppance" - Kyle Bass Warns Of "Tectonic Shift" In US Relationship

Hayman Capital's Kyle Bass ventured on to CNBC this morning to drop some painful truth bombs about Trump's "drastically changed Chinese diplomacy" and China's looming "come-upp.....»»

Category: blogSource: zerohedgeJun 30th, 2017

Currencies: Dollar rises, pound hits 7-week low as U.K. faces ‘hung parliament’

The pound is trading at seven-week lows as the U.K. election result surprised after the Conservatives lost their majority in parliament. The dollar is firmer across the board......»»

Category: topSource: marketwatchJun 9th, 2017