On Monday, Citigroup announced third-quarter earnings that sent its share price up 4.4%. On Tuesday, its chief executive, Vikram Pandit, resigned with immediate effect. What happened? An almighty row, by the looks of it.
Christos Bagios, the former banker at UBS and Credit Suisse Group who was arrested in January 2011 amid a U.S. crackdown on offshore tax evasion, is scheduled to appear in court to change his plea, according to court records.
Citigroup's former CEO Vikram Pandit is among the most vocal critics of shadow banking, the lightly regulated lending that can mask risk in the financial system. He was also among the kings of the business.
Reversals of several key themes from previous years are revealed in the fourth Outlook for Investment Banking Services, an annual survey of corporate decision-makers from Thomson Reuters and Freeman Consulting Services.
RBS has announced that it has agreed with HM Treasury to exit the UK Government's Asset Protection Scheme effective 18 October 2012.
Natixis Global Asset Management (NGAM) has announced that it has reached an agreement to acquire McDonnell Investment Management in order to expands the company’s offering for investors seeking exposure to core fixed income and municipal bond products.
Two girlfriends of former Mizuho International Plc investment banker Thomas Ammann reaped returns of more than $3.2m trading on alleged illegal tips about Canon's acquisition of OCE NV, prosecutors said.
Royal Bank of Scotland Group Plc agreed to exit the U.K.’s Asset Protection Scheme after paying $4bn to the government to insure its most risky assets.
Cantor Fitzgerald has announced that it is strengthening its Debt Capital Markets' Municipal Bond Division with the addition of seasoned veterans Jim Dolan, John Donovan, Susan Marron and Dennis DiCicco, who are joining Cantor from Sterne Agee & Leach, Inc.
After a sensational run of form Mano Menezes's side containing Neymar, Chelsea's Oscar and Luiz, Damiao, Kaka, Silva and many more are looking to take on the world at next years Confederations Cup, before proving everyone wrong in their own backyard come 2014.