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Corrected - Citi says female employees earn 29 percent less than men

Citigroup's female employees earn 29 percent less than male employees on a global median basis, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles.
Tags: Money, businessNews, Citigroup, Citi


Houlihan Lokey expands European financial sponsors group with two new hires

Houlihan Lokey has named Christian Keller and Ann Sharkey to its European financial sponsors group. Keller is based in Frankfurt while Sharkey is in London. PRESS RELEASE LONDON & FRANKFURT–(BUSINESS WIRE)–Houlihan Lokey (NYSE:HLI), the global investment bank, today announced the appointments of Christian Keller and Ann Sharkey to further strengthen the firm’s European Financial Sponsors Group. These appointments follow the recent arrival of Leon Gillespie, who joined the team in London in Octob...
Tags: Europe, London, Germany, Trends, People, Frankfurt, Asia Pacific, Hsbc, Middle East, Merrill Lynch, Citigroup, ANN, Group, Blackstone, Canaccord Genuity, Thomson Reuters


Citigroup pays women 30% less than men

Citigroup released a candid equal pay report showing that the median pay for female employees is nearly one-third less than it is for men.
Tags: Cnn, Citigroup


Citi says female employees earn 29 percent less than men

Citigroup's female employees earn 29 percent less than their male counterparts, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles.
Tags: Money, Wall Street, businessNews, Citigroup, Citi


Citigroup sees $2 billion more revenue from lending in 2019, shares rise

Citigroup Inc said it would earn $2 billion more in revenue from its lending activities this year than in 2018 as it reported better than expected fourth-quarter earnings, sending its shares more than 4 percent higher.
Tags: Money, businessNews, Citigroup, Citigroup Inc


Citigroup beats profit estimates on lower expenses, shares rise

Citigroup Inc beat Wall Street profit estimates on Monday as lower expenses offset a drop in quarterly revenue, stemming from year-end volatility in its fixed-income trading business.
Tags: Money, businessNews, Citigroup, Citigroup Inc


Citigroup reports surprise drop in quarterly revenue, shares fall

Citigroup Inc reported a surprise drop in quarterly revenue on Monday, as extreme volatility in financial markets toward the end of the year hurt its fixed-income trading business.
Tags: Money, businessNews, Citigroup, Citigroup Inc


Wall Street opens lower after Citi results, China trade data

U.S. stocks opened lower on Monday in broad-based declines after Citigroup posted an unexpected fall in revenue, adding to fears of a sharper slowdown in global economic growth that resurfaced after data showed an unexpected drop in China's trade.
Tags: Money, China, businessNews, Citigroup, Citi


Market turmoil hits Citigroup revenues

The US bank blames market volatility at the end of 2018 for a surprise drop in revenue.
Tags: Business, US, Citigroup


Citigroup reports surprise drop in quarterly revenue, shares slip

Citigroup Inc reported a surprise drop on Monday in quarterly revenue due to a steep decline in its fixed income trading business, hurt by volatility in financial markets at the end of the year.
Tags: Money, businessNews, Citigroup, Citigroup Inc






Citigroup's Azevedo Is Optimistic for IPOS in #SaudiArabia in 2019 – Bloomberg

Citigroup's Azevedo Is Optimistic for IPOS in Saudi Arabia in 2019 – Bloomberg:Miguel Azevedo, head of investment banking for Middle East and Africa at Citigroup, discusses Saudi Arabia's IPO landscape, what's delaying listings for many companies, how equity and oil markets impact listings and where he's finding opportunities. He speaks on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Africa, Bloomberg, Middle East, Citigroup, Azevedo, Rupert Neil Bumfrey, Bloomberg Daybreak, Saudiarabia, Miguel Azevedo


SoftBank spent $900 million in investment banking fees in 2018. The only entity it lagged — the People's Republic of China.

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


Wall Street's five-day rally flickers out as earnings near

Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks.
Tags: Money, Wall Street, businessNews, Citigroup


A small number of banks profited from a SoftBank dealmaking bonanza in 2018 — one of the most lucrative fee opportunities in modern history

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


Tailwater promotes four

Dallas-based Tailwater Capital, an energy-focused private equity firm, has promoted four staffers. Joel Fry is now partner; Scott Peters has become vice president/E&P portfolio manager; and Clark Hudnall and Tanner Newton are now senior associates. The promotions became effective December 15, 2018. PRESS RELEASE DALLAS, Jan. 7, 2019 /PRNewswire/ — Tailwater Capital LLC (“Tailwater” or the “Firm”), an energy-focused private equity firm based in Dallas, today announced the promotions of four profe...
Tags: Trends, People, Citigroup, Dallas, Newton, University Of Alabama, Bba, Peters, Scott Peters, University of Texas, Tanner, Texas A M University, University of Texas at Austin, Standard Chartered Plc, Raymond James Associates, Tailwater Capital


The justices return, without Ginsburg or any new grants (Updated)

[Editor’s Note: This post was updated to cover the four cases in which the Supreme Court asked the U.S. solicitor general to file briefs.] The justices returned to the bench today for the first arguments of the new year. Justice Ruth Bader Ginsburg, who had surgery on December 21 to remove two cancerous growths from her lungs, was not on the bench this morning; a court spokeswoman indicated that she would still participate in today’s cases based on the briefs and transcripts. The justices issued...
Tags: Texas, Featured, Supreme Court, Law, Virginia, New York City, Court, Georgia, Indiana, United States, Citigroup, Argentina, Ohio, Atkins, Lgbtq, Ruth Bader Ginsburg


2 tech M&A trends that bankers and insiders expect to see in 2019

2018 has been a stellar year in tech mergers and acquisitions, thanks to mega software deals such as IBM's $34 billion acquisition of Red Hat. While a market downturn has caused some insecurity in tech deals, M&A bankers and lawyers have told Business Insider that they expect deals to continue in 2019. The only caveat is that those deals may happen at lower valuations than if they'd occurred in 2018. Insiders also highlighted two trends: Many of the unicorns poised for an initial public offeri...
Tags: Google, Facebook, Microsoft, China, Ipo, Americas, US, Trends, General Motors, Cisco, Walmart, Nasa, Ubs, Citigroup, Ibm, Goldman Sachs


The Good News Review of 2018 for Gun Owners

The Good News Review of 2018 for Gun Owners U.S.A. -(Ammoland.com)- Our memory is uneven. I looked back at 2018 and found plenty of good news for gun owners. This is where we were.. and a glimpse of where we’re going. Happy New Year to you and yours. December The state house and senate improved gun laws and overrode Ohio Governor Kasich’s veto. The new law reinforced state preemption. It also shifted the burden of proof in self-defense cases to the prosecutor. You are innocent until proven ...
Tags: Florida, Usa, Texas, Guns, California, Virginia, US, Bank Of America, Indiana, Pennsylvania, Arkansas, Washington Dc, Citigroup, Ohio, State Department, Louisiana


Nyca Partners’ Hans Morris hunts for great fintech investments amid volatility

Hans Morris is a name to know in fintech, and as finance and tech sectors prepare for tougher time next year, he has some incisive thoughts to share about the kinds of companies that will succeed (or not) in a financial downturn. The managing partner of investment firm Nyca Partners, Morris also serves as the chairman of the board of Lending Club and is a director of other start-ups including AvidXchange, Boomtown, Payoneer and SigFig. At Nyca, which is on its third fund, Morris spends much of ...
Tags: TC, New York, Microsoft, Finance, US, Tech, Paypal, United States, Jp Morgan, Citigroup, Silicon Valley, Citibank, Morgan Stanley, Goldman, Robinhood, Fintech


Amazon announces a record-breaking holiday, “tens of millions” of new Prime subscribers

Amazon had another record-breaking holiday season, the retailer announced this morning. The company says it added “tens of millions” of people who signed up for Prime memberships, both paid and on a trial basis. Its worldwide customers also shopped and ordered more items than ever before, including “millions more Amazon devices” compared with this time last year. The device best-sellers, as on Black Friday, again included Amazon Echo speakers and Fire TV. Specifically, Amazon said its top dev...
Tags: Google, Amazon, Ecommerce, Holidays, Sales, Tech, E-commerce, Devices, Alibaba, Xiaomi, Citigroup, Luxembourg, Prime, Amazon Echo, Google Apple, U S Amazon


Most of the big 2019 IPO candidates could get acquired — here's what insiders expect to see in tech M&A in 2019

2018 has been a stellar year in tech mergers and acquisitions thanks to mega software deals such as IBM's $34 billion acquisition of Red Hat. While a market downturn has caused some insecurity in tech deals, M&A bankers and lawyers have told Business Insider that they expect deals to continue in 2019. The only caveat is that those deals may happen at lower valuations than if they'd occurred in 2018. Insiders also highlighted two trends: Many of the unicorns poised for an initial public offerin...
Tags: Google, Facebook, Microsoft, China, Ipo, Americas, US, Trends, General Motors, Cisco, Walmart, Virgin Galactic, Ubs, Citigroup, Ibm, Goldman Sachs


Wall Street banks have been fighting like crazy over top tech bankers, and they're spending millions to get them in the door

Hundreds of senior bankers have shuffled seats in the most active year for moves since the financial crisis. Tech bankers are the most coveted, and they're still getting poached — which is atypical this late in the year. Investment banks are paying millions to lure senior tech bankers, who commonly make 1.5 times as much as bankers in other sectors. Tech was the most active M&A sector this year, producing $670 billion worth of deals.  Wall Street investment banks are still shopping this Decem...
Tags: Twitter, New York, Microsoft, US, Trends, Barclays, Credit Suisse, Ubs, Citigroup, Imran Khan, Deutsche Bank, Anthony Noto, Ibm, Goldman Sachs, Khan, Morgan Stanley


Global banks chase Asia techs transaction business, as trade war rumbles

Global lenders including Citigroup and HSBC are stepping up efforts to sell day-to-day banking services to Asia's fast-growing new technology firms, amid growing competition for more traditional transaction banking.
Tags: Asia, Money, businessNews, Hsbc, Citigroup


Americans earning over $200,000 are flocking to these neighborhoods

U.S. unemployment is near a 50-year low, economic growth is brisk and the stock market – despite a disappointing 2018 – has paid generous returns since the financial crisis of a decade ago. But not for everyone. The chasm between rich and poor hasn’t been this wide since data collection began in the 1960s. Workers experience starkly different versions of America depending on which city or neighborhood they live in. A contractor places cement outside a home under construction in the Stanley M...
Tags: Amazon, Business, Florida, Real Estate, New York, News, Housing, Washington, New York City, America, Sport, Chicago, Soccer, Palmer, Citigroup, Houston


Perella Weinberg adds six new partners to team

Perella Weinberg Partners has named six to become partners. The new partners are John Rusty D’Anna, Jason D. Forschler, Jeffrey P. Knupp, Alexander T. Tracy, James R. Wappler and Benjamin G. Wilcox. The appointments become effective January 1, 2019. PRESS RELEASE New York, December 17, 2018 – Perella Weinberg Partners (“PWP”) today announced that it has elected six individuals to join the firm’s Partnership, effective January 1, 2019: John Rusty D’Anna – Houston, Securities Jason D. Forschler – ...
Tags: New York, San Francisco, Trends, People, Harvard, Tracy, Citigroup, Moscow, University Of Chicago, Denver, Lehman Brothers, The University of Texas, Pennsylvania State University, Appalachian State University, University of California Los Angeles, Wilcox


CD&R appoints Lai as partner

Clayton, Dubilier & Rice has named Gregory Lai as a partner. Prior to joining the firm in 2007, Lai worked in Citigroup‘s investment banking division. PRESS RELEASE LONDON and NEW YORK – December 14, 2018 – Clayton, Dubilier & Rice announced that Gregory Laï has been named a Partner of the Firm. Since joining the Firm in 2007, Mr. Laï has been actively involved in sourcing and evaluating investments across Europe, as well as working with portfolio company management teams on post-acquisition val...
Tags: Europe, New York, London, France, Trends, People, Paris, Citigroup, Greg, Lai, David Novak, Clayton Dubilier Rice, Mubadala Development Company, Rexel, Gregory Lai, ESCP EAP European School of Management


This startup plans to take on CreditKarma by offering cash rewards for making smarter money decisions — here's what it says about the future of consumer finance

A fintech startup will is giving cash rewards for consumers who sign up for its account and then take active steps to improve their financial health.  Status Money is pioneering a novel approach to personal financial management, effectively sharing some of the referral money with customers that it collects from suggesting credit cards or personal loans.  The startup is one of the first to introduce techniques more akin to video games into the personal finance arena. JPMorgan is among other fir...
Tags: US, Trends, Citigroup, Goldman Sachs, Jamie Dimon, Citi, Jpmorgan, Dimon, Majd Maksad, Maksad, Korash Hernandez, Marcus They