Search
Google Joins Hands With Citigroup Giving a Major Threat Call to Crypto and Spur to Banking Industry
18.11.2019
“Change is the law of nature”- This well-known proverb has been the channelizing force behind numerous innovations as well as many closures in the name of upgradations in technology. Cryptocurrencies, when launched, were primarily focused on the ifs and buts of the financial arena. As time evolved...
The Bank of Google Wants Your Spending Data
16.11.2019
The multinational technology giant Google has plans to get into the banking industry according to multiple reports that reveal the firm intends to work with Stanford Federal Credit Union and Citigroup. However, analysts assert that Google is not jumping into banking for revenue purposes and...
Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq
30.10.2019
Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters....
Citigroup and Credit Suisse Focus on State Asset Sales in Africa
9.9.2019
Over the course of the past decade or so, African countries have grown their economies at a remarkable rate, and consequently, the biggest banks in the world have set up shop in a range of the countries. One of the most common ways in which governments in developing economies raise money is...
Despite Potential Economic Slowdown; Citi Goes Big on Credit Cards
6.9.2019
When there is an economic slowdown, then the availability of credit dries up instantly and eventually, the government of the country’s central bank has to stimulate the economy through financial packages. Banks generally stop the tap as far as giving any kind of credit is concerned and eventually...
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
Facebook Holds Talk With Banks For Libra Association
21.6.2019
While introducing a new payment system or currency that is meant for replacing the old one, banks play the most vital role that cannot be replaced by any other institution. Previously Facebook had partnered with MasterCard, PayPal, and Visa the most robust payment networks, but it had missed...
Banks Fined $1.2 Billion For Forex Discrepancies, “Long Bitcoin, Short The Bankers” Proven Again
17.5.2019
Famous crypto analyst and news editor Anthony ‘Pomp’ Pompliano tweeted on Monday that multiple banks have been fined for approximately $1.2 billion. The tweet comes after reports surfaced stating that four giant banks, RBS, Barclays, Citigroup, and JPMorgan, have been fined by...
European Union Fines 5 Top Banks 1 Billion Euros for Foreign Exchange Market Rigging
17.5.2019
Over the course of their history, some of the biggest banks in the world have often colluded to rig the different markets in which they operate, and much of that has come out in the open over the past decade or so. The fixing of LIBOR was a case in point, and in a new …
The post European...