Banking industry
Citigroup has named Cecelia ("Cece") Stewart as President of U.S. Consumer and Commercial Banking, responsible for overseeing Citi's U.S.-based Retail Banking, Personal Banking and Wealth Management, Commercial Banking, and Small Business Banking businesses. Stewart will report to Manuel Medina-Mora, Citi's Chief
Banking industry
European stocks were hit by a downturn in mid-day trading, largely due to the selloff in Deutsche Bank AG. This overshadowed a significant rise in Nokia Oyj, which announced that it had hired former Microsoft executive Stephen Elop as its new CEO. Elop will assume his responsibilities at Nokia on
Banking industry
The Philippine government has announced the launch of a global bond offering, with Citibank and Deutsche Bank serving as marketing agents. The government aims to raise at least $500 million through the sale of 10-year international bonds, denominated in Philippine pesos. The proceeds from the bond sale will be used
Banking industry
Chinese officials have instructed state-owned companies, including Sinochem, to explore options to counter BHP Billiton's $25 billion bid for Potash Corporation. The move is part of Beijing's efforts to block BHP's hostile bid and maintain China's dominance in the global fertiliser market.
Banking industry
American International Group (AIG) has made history by attracting a record 11 investment banks to lead the float of its Asian arm, AIA Group, in a move that will see the insurance giant raise $15 billion in one of the largest initial public offerings (IPOs) in history. The deal, which
Banking industry
Scotland's Royal Bank of Scotland is set to cut 640 jobs at its Direct Line insurance call centre in Glasgow, with up to 400 workers facing the axe and 240 eventually redeployed to other centres in the city. The job cuts are part of a larger restructuring effort
Banking industry
Recent high-profile failures, such as the bail out of the Royal Bank of Scotland and the oil spill disaster that damaged BP's brand and finances, highlight the importance of managing risks for small businesses. By getting the right legal advice, small businesses can protect themselves from many risks
Banking industry
As the leading stock exchange in the United States, the New York Stock Exchange (NYSE) is home to numerous high-profile companies from various industries. Recently, the NYSE released its list of most active stocks, providing valuable insights into the market's current trends and player dynamics. The list includes
Banking industry
The New York Stock Exchange (NYSE) has released the most active stocks for the current period, providing insights into market sentiment and investor activity. The list showcases the top-performing and top-losing stocks based on trading volume, highlighting the significant participation of investors in these companies. Citigroup Inc. and Bank of
Banking industry
In a significant shift towards more environmentally conscious fossil fuels financing, top US banks have curtailed their loans for mountaintop removal (MTR) coal mining, a practice that has become increasingly controversial. At the forefront of this movement are Bank of America, Citi, JPMorgan Chase, and Wells Fargo, along with Credit
Banking industry
SmarTrend, a system that provides trend change alerts, indicated downtrends for several stocks amidst market fluctuations. On August 10, 2010, analyst downgrades were announced for 8 stocks, affecting popular companies in various industries. The SmarTrend system, which analyzes over 5,000 securities simultaneously, indicated downtrends for stocks such as DigitalGlobe
Banking industry
Santander's acquisition of 318 Royal Bank of Scotland branches has been met with criticism from union leaders and consumer groups, who claim it fails to inject fresh competition into the high street. The deal has been valued at £1.65bn, with Santander taking on 5,000 employees, 40
