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Citigroup merges EMEA, Asia consumer banking businessesCitigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday. Th More… |
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Citigroup appoints new chief for Lebanon operationsCitigroup has appointed of Michel Sawaya as chief executive officer of Citibank Lebanon, replacing Elissar Farah Antonios who has assumed the role of chief executive officer of its UAE operations in December. More… |
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Citigroup wins 'Bank of the Year' at Euromoney awardsThe Citigroup has won the 'Bank of the Year 2015' accolade at the Euromoney award for excellence recently. Kingdom Holding Company (KHC) and its chairman Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud a More… |
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Citigroup to sell online FX trading platformCitigroup said it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to US-based FXCM and Danish investment bank Saxo Bank. "We believe this transaction is in the best interest More… |
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Bahrain-UAE top consumer markets for CitigroupThe UAE, Bahrain and Poland have emerged as Citigroup's top consumer markets in the Europe, Middle East and Africa (EMEA) region, a senior executive said, as the bank focuses on growth areas. Citigroup, one of the world's More… |
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Citi sells stake in Turkey's Akbank for $1.2bnCitigroup has sold its nearly 10 per cent stake in Turkey's Akbank for $1.2 billion, the US lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York-based Citi has been paring ba More… |
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Citigroup sells stake in Turkey's Akbank for $1.2bnCitigroup has sold its nearly 10 per cent stake in Turkey's Akbank for $1.2 billion, the US lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York-based Citi has been paring ba More… |
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Mashreq profit jumps; bank eyes Citi's Egypt unitMashreq is holding talks with Citigroup about acquiring its retail banking business in Egypt and is targeting net profit growth in 2015 of between 6 per cent and 10 per cent, the Dubai bank's chief executive said on Sunday. Ab More… |
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Mashreq eyes Citigroup's Egypt retail businessMashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday. The bank is holding talks with Citi on the matter, Abdul Aziz More… |
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UAE banks bid for Citigroup's Egyptian retail opsCitigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the UAE heavily represented among the interested parties. Emirates NBD (ENBD) a More… |
