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Bank Of America And Citigroup Struggle After Stellar Q1 Earnings
Bank Of America Corporation (NYSE: BAC) and Citigroup Inc (NYSE: C) reported first-quarter 2021 earnings results Thursday morning and, like Goldman Sachs Group Inc (NYSE: GS), JPMorga.....»»
Citi Claims Rival Bank Made An Even Bigger "Fat Finger" Transfer Fiasco
Citi Claims Rival Bank Made An Even Bigger "Fat Finger" Transfer Fiasco Citigroup's ongoing legal crusade to reclaim some $500MM that was part of an accidental $900MM transfer to a group of Revlon len.....»»
Exclusive: Wells Fargo shifts energy bankers to focus on bankruptcies
Wells Fargo & Co has revived its special group for bad energy loans in recent weeks as the bank braces for more pain from the sharp downturn in oil prices, people familiar with the matter told Reuters......»»
Exclusive: Norwegian Cruise taps Goldman Sachs to explore stake sale - sources
Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, people familiar with the matter said on Friday......»»
Exclusive: HSBC CEO Quinn faces strategy rethink as coronavirus bites - source
One of Noel Quinn's first jobs as chief executive of HSBC will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said......»»
Chairman of Santander"s Portuguese unit dies from coronavirus
The chairman of the Portuguese unit of Spain's largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in Portugal, a source familiar with the matter told Reuters......»»
Citigroup hires Loretta Ko to head financial institution group
Citigroup has hired Loretta Ko to return to the investment bank and head its financial institutions group (FIG) for Hong Kong, the bank said on Wednesday......»»
Exclusive: UBS CEO Ermotti poised to get Swiss Re chairman role - sources
UBS Group Chief Executive Sergio Ermotti is poised to become chairman of Swiss Re next year after leaving the helm of Switzerland's biggest bank, three people familiar with the matter told Reuters......»»
Dow Jones Newswires: RBS to be renamed NatWest Group and cut size of investment bank unit
Royal Bank of Scotland said Friday that it intends to rename itself as NatWest Group and reduce the size of its investment-banking business, as it reported an increased profit for the fourth quarter of 2019......»»
Exor expects $13 billion for careful acquisitions after PartnerRe sale
Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on acquisitions, a source close to the matter told Reuters......»»
Exclusive: Fearing Huawei curbs, Deutsche Telekom tells Nokia to shape up
Deutsche Telekom has told supplier Nokia it must improve its products and service to win business installing the German group's 5G wireless networks in Europe, according to internal documents and a source with direct knowledge of the matter......»»
Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 - sources
Bank of America Corp will recruit about 50 bankers for its investment team in Asia this year, as it pushes to bulk up its dealmaking business and shore up revenues from the unit globally, three people with direct knowledge of the matter said......»»
Citi’s investment bank plans to hire 2,500 coders this year
Citigroup Inc. plans to recruit 2,500 programmers this year for the unit that houses its traders and investment bankers, bulking up on coders and data scientists as technology reshapes the... To view the full story, click the title link......»»
Uniti Group (UNIT) Presents at 2019 Bank of America Merrill Lynch Leveraged Finance Conference (Transcript)
Uniti Group (UNIT) Presents at 2019 Bank of America Merrill Lynch Leveraged Finance Conference (Transcript).....»»
Exclusive: Goldman Sachs plans shift from revenue goal at first investor day
More than two years ago, Goldman Sachs Group Inc told investors it would find $5 billion in fresh annual revenue by 2020. Now, the bank may move away from that goal to focus on a wider range of metrics......»»
Deutsche Bahn in exclusive talks with Carlyle for Arriva sale
Deutsche Bahn is in exclusive talks with U.S. buyout group Carlyle over the sale of the German rail operator's Arriva international passenger transport unit, a person familiar with the matter said on Friday......»»
Citigroup names Peter Babej as Asia Pacific chief executive: memo
Citigroup Inc has named Peter Babej, the U.S. bank's global head of financial institutions group, as its new Asia Pacific chief executive officer, according to an internal memo seen by Reuters on Thursday......»»
HSBC taps Lazard to sell French retail business: source
HSBC Holdings has hired U.S. investment bank Lazard Ltd to sell its French retail business, a source close to the matter told Reuters, as part of a plan by new interim chief executive Noel Quinn to reduce costs across the banking group......»»
Exclusive: Deutsche Bank took years to flag suspect Danske money flows - source
Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions at Danske......»»
Uniti Group (UNIT) Presents At Deutsche Bank 27th Annual Leveraged Finance Conference - Slideshow
Uniti Group (UNIT) Presents At Deutsche Bank 27th Annual Leveraged Finance Conference - Slideshow.....»»