Important step in simplifying Citi organization
Goldman Sachs profit jumps on trading revenues
Firm will be working with independent advisors to broaden its geographic coverage
Citigroup Inc. is selling its stake in Nikko Asset Management to The Sumitomo Trust and Banking Co., Ltd. for about US$795 million, the U.S. financial services company said Thursday.Under the terms of the deal, Citi will sell its 64% ownership interest in Nikko AM to Sumitomo Trust, including the ownership interest that it holds through […]
The U.S. bank has finalized an agreement that will see the U.S. government exchange a portion of its preferred securities
Peter Charrington will oversee the firm’s private banking activities in the U.S. and Canada
Combined firm boasts over 18,500 financial advisors
U.S. Citigroup Inc. is selling its Japanese securities business, Nikko Cordial Securities Inc., to Sumitomo Mitsui Banking Corp. in a deal worth US$7.9 billion.Citi announced Friday that it has reached a definitive agreement to sell Nikko Cordial to SMBC in a transaction valued at ¥774.5 billio, comprised of ¥545 billion for the purchase of the […]
Corbat named CEO of Citi Holdings unit
Citi to exchange preferred securities for common shares