IBTimes Australia : Citigroup Topic

New York claims more proof of bank mortgage abuses

Sat, 25 May 2013 06:21:02 +1000

New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.

Exclusive: New York claims more proof of bank mortgage abuses

Sat, 25 May 2013 04:28:03 +1000

Exclusive: NY attorney general says more evidence banks violated mortgage pact

Sat, 25 May 2013 03:28:03 +1000

Jamie Dimon Profile: JP Morgan Chairman and CEO Survives Shareholder Revolt

Wed, 22 May 2013 14:36:26 +1000

IBTimes UK takes a look at one of Wall Street’s most powerful people.

Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker

Tue, 21 May 2013 18:00:03 +1000

The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed.

Credit Suisse Forecasts Gold Price Plunging to $1,100 in 2013; $1,000 by 2018

Tue, 21 May 2013 08:40:25 +1000

Gold experts continue to see bleaker days ahead for the yellow metal, once considered a safe haven. Ric Deverall of Credit Suisse forecast the price of gold would further dip to $1,100 in 2013 and even plunge more to $1,000 in the next five years.

Citi names new heads of mortgages, private bank, Citi Holdings

Tue, 21 May 2013 01:21:03 +1000

Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday ,as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo.

Greece's Piraeus hire banks to advise on share issue: sources

Sun, 19 May 2013 00:14:04 +1000

Greece's second-largest lender Piraeus Bank has hired four international investment banks as advisers on its 7.33 billion euro (£6.2 billion) share issue, two bankers close to the procedure told Reuters on Saturday.

Ex-Citi CEO Pandit in tie-up with India's JM Financial

Fri, 17 May 2013 02:28:02 +1000

Former Citigroup Chief Executive Vikram Pandit is buying a stake in Indian financial services company JM Financial Ltd , JM Financial said in a statement on Thursday.

U.S. regulator to vote on watered-down swap rules

Thu, 16 May 2013 23:42:03 +1000

Big banks are set to gain key concessions as the top U.S. derivatives regulator meets to vote on watered-down rules for swap trading that will chip away at Wall Street's dominance of the $630 trillion market.

City of London Finance Jobs Fall in April as Firms Stall Hiring

Thu, 16 May 2013 16:02:45 +1000

City finance jobs decline to 5,922 in April from 7,661 in the same month, a year ago

INSIGHT-Dimon has big say over who serves on JPMorgan board

Thu, 16 May 2013 14:21:03 +1000

For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank.

Insight: Dimon has big say over who serves on JPMorgan board

Thu, 16 May 2013 14:21:03 +1000

For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank.

Insight - Dimon has big say over who serves on JPMorgan board

Thu, 16 May 2013 14:21:02 +1000

For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank.

Wall St jumps as banks lead indexes to new highs

Wed, 15 May 2013 06:56:02 +1000

U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further.

Analysis - Japan government-bond selloff sparks fears of too much, too fast

Wed, 15 May 2013 06:07:03 +1000

A three-day rout in the bond market has raised concerns that the Bank of Japan is getting more than it bargained for, by prodding investors to shift money out of the safety of government bonds faster than the government expected.

Japan government-bond selloff sparks fears of too much, too fast

Wed, 15 May 2013 05:42:02 +1000

Wall Street jumps as banks lead S&P 500 to new high

Wed, 15 May 2013 01:42:02 +1000

Stocks rose and extended a recent rally on Tuesday, with the S&P 500 and Dow hitting a new intraday high as investors bet that the market's upward momentum would continue.

Wall Street hits session highs, banks lead

Wed, 15 May 2013 01:21:02 +1000

Stocks extended gains in late-morning trading on Tuesday, led by gains in banks, including Bank of America and Citigroup . Both the Dow and S&P 500 set intraday record highs.

François Hollande: Rejected Before a Year in Office

Tue, 14 May 2013 20:18:59 +1000

On 25 April 2013 the French Ministry of Labour posted the latest unemployment figures for March - an increase of 36,900 and the 23rd consecutive monthly increase - which showed that 3.224 million were signed up and looking for work. The Ministry admitted that this figure broke the previous record set in 1997 of 3.

Libor Fixing Scandal: Barclays Wins US Lawsuit Dismissal

Tue, 14 May 2013 15:57:26 +1000

Bank, Bob Diamond and others win dismissal of shareholder lawsuit which claim investors lost money on rate rigging.

U.S. banks push back on change in loan loss accounting

Tue, 14 May 2013 08:07:02 +1000

More than a dozen of the biggest U.S. banks have questioned a proposed accounting change meant to boost reserves for risky loans, saying the results would be vastly different from those of a similar rule being developed by global standard-setters.

Barclays wins dismissal of U.S. shareholder lawsuit over Libor

Tue, 14 May 2013 07:28:01 +1000

Barclays Plc , the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money because of the British bank's activity.

FBI says more cooperation with banks key to probe of cyber attacks

Tue, 14 May 2013 05:42:02 +1000

The FBI last month gave temporary security clearances to scores of U.S. bank executives to brief them on the investigation into the cyber attacks that have repeatedly disrupted online banking websites for most of a year.

The Energy Report - FED X-IT

Mon, 13 May 2013 22:25:13 +1000

The oil market got heavy as word of a possible story of a FedX-it started to permeate the trading floor on Friday. And sure enough the Wall Street Journal soon published an article by Jon Hilsenrath that said " Federal Reserve officials have mapped out a strategy for winding down an unprecedent...

Lloyds Chairman Bischoff stands down as government sale looms

Mon, 13 May 2013 21:49:02 +1000

Lloyds Banking Group Plc Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale.

Sir Winfried Bischoff Profile: Lloyds Chairman To Retire

Mon, 13 May 2013 17:27:22 +1000

IBTimes UK takes a closer look at Lloyds Banking Group chairman following his retirement announcement

Lloyds Chairman Sir Winfried Bischoff To Retire

Mon, 13 May 2013 16:19:05 +1000

Lloyds Banking Group chairman reveals he will be retiring by this time next year

BofA fires back at New York over modification violations

Sat, 11 May 2013 08:00:04 +1000

Bank of America Corp has fired back at New York Attorney General Eric Schneiderman after he threatened to sue the bank for violating the terms of a $25 billion settlement designed to end mortgage servicing abuses.

The Energy Report - The Energy Report for 05/09/2013

Thu, 09 May 2013 22:11:12 +1000

Who said the WTI contract was dead as a global benchmark. Not me that is for sure. The WTI once again is establishing itself as the global benchmark for oil as progress is being made in getting the infrastructure in place to take advantage of the US oil boom.