Uruguay's economy grows 1.5 pct in 2016 - central bank
MONTEVIDEO, March 23 Uruguay's economy grew 1.5 percent in 2016 and grew 3.4 percent in the fourth quarter of 2016 compared with the same period in 2015, the central bank said on Wednesday.
NEW YORK Jan 25 Citigroup Inc has combined its U.S. leveraged finance and syndication teams to improve its coverage of clients and capitalize on synergies, the bank said in a memo to employees.
The move follows the successful model the bank has implemented in investment grade debt and equity capital markets, according to the memo, which was sent to Citi employees on Thursday and relayed to Reuters by a person familiar with the matter on Friday.
The merger of the leveraged finance and loan syndication teams is not expected to result in any job cuts, the person added.
Citi declined to comment.
In the memo, Citi said Tom Cole and John McAuley will be co-heads of U.S. leveraged finance and Barbara Matas will be chairperson of U.S. leveraged finance, effective immediately.
They will report to John Chirico and Richard Zogheb, co-heads of capital markets origination for the Americas.
Citigroup's new chief executive, Mike Corbat, has promised investors the third-largest U.S. bank will do a better job delivering value for shareholders during his tenure, after the board abruptly ousted his predecessor, Vikram Pandit, in October.
Bloomberg News reported on the merger of the leveraged finance and loan syndication units earlier on Friday.
MOSCOW, March 23 The Kremlin accused Ukraine on Thursday of damaging the prestige of the Eurovision song contest, which Kiev is hosting this year, with its decision to bar the Russian participant from entering the country.