{
}
GoldenTree Asset Management has agreed to purchase a portfolio of UK consumer loans from Bank of Ireland Group Plc, valued at approximately €800 million ($872 million). Citigroup Inc. is facilitating the financing through a securitization, using the loans as collateral, with GoldenTree's funds targeting the junior portion of the deal.
Boeing's recent capital raise exceeding $20 billion has resulted in significant earnings for four major banks, with each expected to receive up to $75 million as lead joint bookrunners. This lucrative deal comes as equity market issuance slows ahead of the US election, with these banks collectively earning nearly 80% of the total fees from the approximately 20 banks involved.
German online car-parts dealer Autodoc SE has selected Barclays, Citigroup, Deutsche Bank, and Jefferies to lead its upcoming initial public offering in Frankfurt, several years after a previous attempt. The company's valuation for the IPO may be lower than the €10 billion sought in 2021.
A group of former Citigroup bankers is urging the board to cancel bonuses for hundreds of managers and reduce spending on consultants to expedite the company's turnaround. They have sent a five-page letter to the board, seeking a discussion with the compensation committee's chair regarding their demands.
Block, owned by Jack Dorsey, has launched its Square Card corporate service in the U.K., marking its first expansion outside North America. The free business spending card aims to provide faster access to funds for merchants, competing with major players like American Express and local banks. Square's investment comes amid concerns over U.K. taxation changes that could impact tech talent retention.
Citi strategists advise selling stocks if Donald Trump wins the upcoming election, despite a rally in US stocks leading up to the vote. While a Trump victory is typically viewed positively due to potential corporate tax cuts, the current "near-euphoric sentiment" in the market suggests a pullback may be imminent.
UBS shares have turned negative following its quarterly results, with Citigroup expressing a cautious outlook. While acknowledging a strong third quarter, Citigroup noted a surprising drop in the core capital ratio (CET1) by 60 basis points to 14.3%. The bank maintains a "Neutral" rating and a price target of CHF 27.30.
UBS shares have reached their highest level since 2008, reflecting a strong third quarter performance. However, Citigroup expresses caution, noting a 60 basis point decline in the core capital ratio (CET1) to 14.3% and maintaining a "Neutral" rating with a price target of CHF 27.30.
Wall Street CEOs gathered in Riyadh for the Future Investment Initiative, expressing optimism about the US economy while voicing concerns over sluggish growth in Europe. Notable figures such as Citigroup's Jane Fraser and BlackRock's Larry Fink highlighted the resilience of the US market amidst global uncertainties.
Bitpanda GmbH, a cryptocurrency exchange backed by billionaire Peter Thiel, is considering options such as a potential initial public offering in Frankfurt. The Vienna-based firm is collaborating with Citigroup and JPMorgan Chase and may also explore a sale, with a valuation potentially exceeding $4 billion.
Citigroup Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
goldentree to acquire 800 million euros in bank of ireland loans
13:21 04.11.2024
Boeing's capital raise nets banks up to 300 million in fees
United States Dollar
The Boeing Company
JPMorgan Chase & Co.
Citigroup Inc.
The Goldman Sachs Group, Inc.
Bank of America Corporation
USA
Bank of America
Goldman Sachs
Citigroup
JPMorgan Chase
Show more
00:40 02.11.2024
autodoc selects banks for potential ipo in frankfurt next year
Euro
Deutsche Bank Aktiengesellschaft
Jefferies Financial Group Inc.
Barclays PLC
Citigroup Inc.
DEU
Show more
11:27 01.11.2024
former citigroup bankers call for bonus clawbacks and spending cuts
16:18 31.10.2024
block launches corporate card service in the uk to challenge incumbents
British Pound Sterling
Lloyds Aerospace Ltd.
Square 1 Bank
Citigroup Inc.
NatWest Group plc
American Express Company
GBR
CAN
USA
Samina Hussain-Letch
Jack Dorsey
Rachel Reeves
Show more
07:48 31.10.2024
citi strategists advise selling stocks if trump wins election
12:19 30.10.2024
ubs shares decline as analysts express caution over quarterly results
10:41 30.10.2024
ubs shares reach highest level since 2008 amid mixed analyst views
08:36 30.10.2024
Wall Street leaders express optimism for US economy amid European concerns
United States Dollar
Euro
The Goldman Sachs Group, Inc.
Citigroup Inc.
BlackRock, Inc.
USA
Jane Fraser
David Solomon
Larry Fink
Show more
14:06 29.10.2024
bitpanda explores ipo options with potential valuation of 4 billion dollars
United States Dollar
JPMorgan Chase & Co.
Bitpanda GmbH
Citigroup Inc.
AUT
Peter Thiel
JPMorgan Chase & Co.
Citigroup Inc.
Show more
16:00 28.10.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
CEO Changes
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
Global Trade Developments
Industry Mergers & Acquisitions
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Workplace Trends
Supply Chain Management
Startups & Entrepreneurship
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
UBS Group AG
Credit Suisse Lux Digital Healt
Credit Suisse Strategic Income I
NVIDIA Corporation
Amazon.com, Inc.
AXA SA
Safran SA
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: