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Reliance sells stake in US shale gas assets for $250m

Billionaire Mukesh Ambani's Reliance Industries Ltd has sold its stake in the shale gas asset in the US to Northern Oil and Gas Inc for USD 250 million, the firm said on Thursday. IMAGE: Kindly......

What does merger with LVB mean for DBS Bank chief Piyush Gupta?

While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local......

Madurai boy Anand Selvakesari is breaking the mould at Citigroup

A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations. IMAGE: Anand Selvakesari, CEO-designate, Citigroup's global......

How Aditya Puri 'built' the HDFC Bank

Puri gave up the comforts of Citibank to set up a new-age bank from a rat-infested room in the Kamala Mills Compound in Worli, Mumbai and turned it into a marquee brand. Raghu Mohan takes a look at......

'Sashi' has large shoes to fill as HDFC Bank's new boss

Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver......

What's at stake if Olympics fall victim to coronavirus

The chilling impact of the coronavirus on an already struggling Japanese economy, and on global growth if the spread did not peak, meant Japan's GDP could show zero or even negative growth in the......

FIFA scandal: Banks did not do enough, says global agency

Activists from advocacy group Avaaz demonstrate near the Hallenstadion, in Zurich. Photograph: Arnd Wiegmann/Reuters A global group of government anti-money-laundering agencies said that financial......

Questions arise about banks' role in FIFA bribery case

A raft of banks could face tough questions in the sweeping US crackdown on alleged corruption in global soccer as prosecutors review how much they knew about millions of dollars in bribes flowing......
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Citigroup considering divestiture of some foreign consumer units - Bloomberg Law

The move, part of Fraser's attempt to simplify the bank, can see units in South Korea, Thailand, the Philippines and Australia being divested, the... ...

https://economictimes.indiatimes.com/news/international/business/citigroup-considering-divestiture-of-some-foreign-consumer-units-bloomberg-law/articleshow/81121017.cms
US judge

A federal judge on Tuesday said Citigroup Inc is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of... ...

https://timesofindia.indiatimes.com/business/international-business/citigroup-cant-recoup-revlon-payouts-after-nearly-900-million-gaffe-us-judge/articleshow/81085354.cms
Citigroup can't get back $500 million it wrongly paid out

The case centers on payments totaling some $500 million Citigroup sent in August 2020 to 10 financial companies who were parties to a term loan to... ...

https://economictimes.indiatimes.com/news/international/business/us-judge-citigroup-cant-get-back-500-million-it-wrongly-paid-out/articleshow/81070611.cms
Citi strategist says 10% correction in US stocks is ‘very plausible’

US stocks are not in a bubble and comparisons with the early 2000s don’t stack up as the economy is exiting, not entering, a recession By Cormac... ...

https://economictimes.indiatimes.com/markets/stocks/news/citi-strategist-says-10-correction-in-us-stocks-is-very-plausible/articleshow/81057281.cms
Goldman

Goldman Sachs Group Inc. is just getting started in the fast-expanding world of sustainable finance.The New York-based lender plans to issue more... ...

https://economictimes.indiatimes.com/markets/stocks/news/goldman-says-esg-finance-to-become-core-part-of-strategy/articleshow/80909659.cms

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