Manuel Medina-Mora, head of Citigroup Inc's (C.N) consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation.
Tags: Citigroup
U.S. Senate aims to vote Monday on $1.1 trillion spending bill
The U.S. Senate on Friday struggled to pass a $1.1 trillion spending bill that would avert a looming federal government shutdown, postponing a vote until Monday when procedural hurdles begin to evaporate.
Sumitomo Mitsui to buy Citigroup's Japan retail unit
Sumitomo Mitsui Financial Group Inc (8316.T) will announce as soon as next week that it will buy Citigroup Inc's (C.N) Japanese consumer banking business, Bloomberg reported, citing people with knowledge of the matter.
Apple's enterprise assault gets into higher gear
Apple Inc (AAPL.O) is embarking on its most aggressive expansion yet onto corporate turf, hiring a dedicated sales force to talk with potential clients like Citigroup Inc (C.N) and working in concert with a dozen or so developers, two sources familiar with its plans say.
Time Warner eyes $588 million bid for Australia's Ten Network: media
U.S. media giant Time Warner Inc (TWX.N) has approached struggling Australian broadcaster Ten Network Holdings Ltd (TEN.AX) about a A$680 million ($588 million) takeover bid, the Australian Financial Review reported on Monday.
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Citigroup Inc (C.N) said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the big U.S. banks looks to shrink its way to better profits.
As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses.
Mexico's Grupo Aleman, which owns the airline Interjet, on Wednesday said it has agreed to buy Oceanografia, the bankrupt oil services company at the center of a loan scandal that cost Citigroup more than $500 million.
Bank of America Corp (BAC.N) said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately. He succeeds Charles "Chad" Holliday, the former chief executive of the chemical company E.I. du Pont de Nemours and Co (DD.N), who served as the bank's chairman for more than four years.
Chinese e-cigarette maker Kimree Inc filed to list its shares in the United States at a time when e-cigarette companies are finding it harder to raise capital amid rising competition and increasing regulatory oversight.
German car parts maker ZF Friedrichshafen [ZFF.UL] has reached a deal to buy U.S.-based TRW Automotive Holdings Corp (TRW.N) for $13.5 billion including debt, creating a global automotive supply powerhouse with combined annual sales of more than $40 billion.
Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.
Citigroup and HSBC are among five banks chosen to manage India's planned sale of a stake in state oil company Oil and Natural Gas Corp (ONGC), three sources with direct knowledge of the development said on Monday.
Communications equipment maker Comtech Telecommunications Corp said on Monday it is exploring strategic alternatives, including a possible merger or sale of the company, confirming a Reuters report earlier in the day.
