Citigroup announced slightly lower revenues for the first few months of the year on Monday as the bank worked to shed its “too-big-to-fail” image and convince federal regulators it remains among the strongest banks in the US.
Where is this top firm in its cost cutting efforts ?
Tales from the trading floor.
'Making targeted headcount reductions in light of current market conditions'.
It may take the lion's share of advertising spending online, but Google is also raising its spending on adverts in the UK, which was up by 50% last year to £45m, ahead of telecoms firm O2, National Lottery operator Camelot and confectionery firm Mars.
U.K. property prices are set to cool as borrowers will face tighter lending restrictions and an increase in housing supply will ease the price surge in the country, according to a new report.
Banque de France Gov. Christian Noyer says the bulk of the European financial crisis is over, though he added that the European Central Bank stands "ready to act" if the euro appreciates.
A high-flying City of London executive managed to dodge paying the full fare on his daily commute into London for five years - and took only three days to pay back the £43,000 ($72,000) he owed when he finally got caught.
A Citigroup employee in Mexico left the bank’s offices with documents related to a suspected $400m loan fraud, according to two people briefed on the incident.
CME Group, owner of the world’s largest futures market, was sued by three of its users who alleged the company sold access to order information to high-frequency traders ahead of other market participants.
In the throes of a most turbulent transformation.
Morgan Stanley Southeast Asia investment banker Nehchal Khanna is leaving the firm after more than five years, according to people with knowledge of the matter.
The dealmaker who played a key role in finding backers for Barclays’ emergency fundraising during the 2008 financial crisis has filed a lawsuit against the lender and is reportedly seeking nearly £1bn.