Archive for Citigroup

Fight that could put paid to Wall Street’s 100m men

When Andrew Hall donated 2300 £1380 to Barack Obama’s “victory fund” on October 13 last year the 58yearold banker probably didn’t think much of it. The money – the maximum permitted donation by an individual under US federal election laws – though no doubt well intended was a drop in the ocean for the Britishborn oil trader.

Citigroup sells Nikko stake to Sumitomo for £482m

Sale part of banking conglomerate’s wider plan to dispose off noncore assets.

Citi trader Andrew Hall fights for 100m bonus

A trader at Citigroup is pushing the troubled US bank to pay out a compensation package of up to 100m.

EMI hires banks for bond issue

Three banks have been brought on board by Terra Firma which is looking to issue highyield bonds to repay Citigroup’s £2.6bn of loans to the private equitycompany’s EMI music group.

Strong Citi and BoA results continue bank resurgence

Both Citi and BoA reported betterthanexpected results in the second quarter following the examples of JP Morgan Chase and Goldman Sachs.

Barclays raids Citi for M&A banker Todd

Barclays has hired another senior rainmaker from Citigroup as it looks to establish itself as “the world’s premier investment bank”.

Sir Win Bischoff frontrunner to chair Lloyds

Sir Win Bischoff the former chairman of Citigroup has emerged as the frontrunner to take the chairmanship at Lloyds Banking Group.

Citigroup’s Bejar exits after Gatwick bid failure

The cohead of Citigroup’s infrastructure fund has quit only weeks after the Lysander bidding group that it was heading was ejected from the £1.3bn£1.4bn auction for Gatwick airport.