The Russian ruble has surged to a 14-month high today as, and, according to Elina Ribakova, chief economist at Citibank (NYSE:C), the central bank of Russia is searching for ways to slow the rise down as investors are looking to the currency as a strong play.
Not even a spurt of rate cuts over the last [...]
All Posts Tagged With: "Citibank"
Citibank (NYSE:C) Economist: Russian Ruble Rising as Central Bank Attempts to Cool it Off
Citibank (NYSE: C) CEO Pandit to Testify Before Congress
Will he be able to show real change, or will it be just more of the same? That’s the question facing Citibank (C) Chief Executive Vikram Pandit on Thursday as he will appear before a congressional panel in charge of overseeing the U.S. government’s rescue of battered financial firms.
The inquiry will surely be difficult for [...]
Citibank (NYSE:C) Analysts Concerned Over East African Politics and Effects on Economies
There’s no doubt politics plays a part in all countries, but when you extend it to emerging markets, it’s even more important, and that has raised concerns from Citibank (NYSE:C) analysts who are looking at a number of countries in East Africa as having the potential to weaken the investment climate there as a number [...]
March 2nd, 2010 | Gary | Comments | Continued
Bank of America (NYSE:BAC), Citibank (NYSE:C) and J.P. Morgan (NYSE:JPM) Looked to as Lending Plunges at Banks
As reports come in that bank lending is at its lowest levels in decades, the major banks like Bank of America (NYSE:BAC), Citibank (NYSE:C) and J.P. Morgan (NYSE:JPM) are being pressured to take up some of the slack left from struggling regional and local banks, which are already beginning to be hit with growing commercial [...]
February 25th, 2010 | Gary | Comments | Continued
Citibank (NYSE:C) Increasing its Footprint in India
Citibank (NYSE:C) recently said they’re looking at increasing their investment in India, which would even further their lead as far as the largest foreign investor in the country concerning the financial services industry.
While not completely ignored, India has largely been a weak second cousin to China, mostly because of the entrenched bureaucracy which makes it [...]
Is Citibank (NYSE:C) Going to Refuse its Customers Their Withdrawals?
Citibank (NYSE:C) has been scrambling to cover its rear-end after a communication they sent out stated it could keep their customers from withdrawing their money for seven days.
On a recent statement from Citibank to its customers it said this, “Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting [...]
Bank of America (NYSE:BAC), Citibank (NYSE:C), Wells Fargo (NYSE:WFC) Continue to Hold Back on Lending
One wise way to see how the state of things really are in almost any area of life is to not only listen to what is being said, but look what is being done. In the case of lending by big banks like Bank of America (NYSE:BAC), Citibank (NYSE:C) and Wells Fargo (NYSE:WFC), their actions [...]
February 19th, 2010 | Gary | Comments | Continued
Citibank (NYSE:C) Hiring in Australia to Rebuild Research Business
During the height of the economic crisis financial institutions like Citibank (NYSE:C) cut back on their staff, especially on the investment research aspect of the business in order to focus on surviving and strengthening their foundations. Now Citibank and others are starting to re-hire in order to refocus on growth segments of their business, now [...]
February 16th, 2010 | Gary | Comments | Continued
Forrester Report: Citibank (NYSE:C) and JPMorgan (NYSE:JPM) and Bank of America (NYSE:BAC) Among Least Trustworthy Banks
While most banks haven’t fared too well this year in trustworthiness, according to a Forrester report Citibank (NYSE:C), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) are near the bottom of the list for large banks. HSBC was the absolute dead last in being considered trustworthy by respondents.
Other banks considered among the worst included Fifth [...]
Citigroup (NYSE:C) to Hire Another 1,000 Workers for Phillipines Market
Even though Citigroup (NYSE:C) overall has been a disaster during the economic crisis, with many of its underlying weaknesses exposed, that hasn’t been the case in its Philippines operations, where they have continue to perform strongly during those difficult times, and now are looking to add another 1,000 workers to its business there as expansion [...]
February 9th, 2010 | Gary | Comments | Continued
Citibank NA (NYSE:C) and Bank of America (NYSE:BAC) Increasingly Paying More in Salary than Bonuses for Employees in India
With so much focus on compensation for bank employees, it has gravitated to a global issue, and different parts of the world are responding differently to the problem, as Citibank NA (NYSE:C) and Bank of America (NYSE:BAC) are doing in India, where bonuses are more frowned upon and so the salaries of workers are where [...]
February 4th, 2010 | Gary | Comments | Continued


