Financial services
Miami submitted a bid to become the headquarters of the proposed free trade area spanning the Western Hemisphere, with a price tag of $12 million to $16 million. Meanwhile, financial companies such as Citigroup and EDS are dealing with regulatory scrutiny related to mutual funds and securities investigations. PSS World
Financial services
The Hong Kong government has announced plans to issue securitised bonds backed by toll revenue from six government-owned tunnels and a bridge, which is expected to raise up to $6 billion. Secretary for Financial Services and the Treasury Frederick Ma Si-hang stated that preparations for the bond issue will be
Financial services
As John S. Reed, chairman of Citicorp, plans to merge Citibank's parent company with Travelers Group, he is betting that Asia's emerging middle class is ready to buy a broader range of financial services. The deal, which would create Citigroup, a global universal bank, has sparked
Financial services
As the world's financial landscape continues to evolve, two US-based behemoths, Citicorp and Travelers Group Inc., have announced a monumental merger to form the world's largest financial-services company, with an estimated $700 billion in assets. The deal, valued at $70 billion, is the largest merger in
