Citigroup Inc (C)
18 Aug 2017
LONDON/DUBLIN "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a regional politician to Wall Street bankers last year, is having the desired effect. | Video
HONG KONG/SINGAPORE Yunfeng Financial Group said it would be the main investor in a $1.7 billion acquisition of insurer MassMutual International's Hong Kong unit - a deal that sent shares in the Jack Ma-backed finance firm soaring as much as 30 percent.
* Yunfeng says deal is milestone step of becoming financial group (Adds details of deal, MassMutual cooperation agreement)
* Wall St groups, Nomura of Japan among those choosing Frankfurt
* Sees more than 13 million euros EBITDA contribution from Citi prepaid
BRASILIA, Aug 16 Brazil's antitrust authority Cade said on Wednesday that it approved Itaú Unibanco Holding's acquisition of Citigroup's retail banking and insurance assets in the country.
BRASILIA, Aug 16 Brazil's antitrust authority Cade approved on Wednesday Itaú Unibanco Holding's acquisition of Citigroup's retail banking and insurance assets in the country, conditioned on a merger concentration agreement to be signed between the parties.
* Citi appoints Gonca Latif-Schmitt as global head of Commercial Cards
* Takes share stake of 2.5 million shares in Altaba - SEC filing
Citigroup Inc's stock price is likely to double in the next four to five years, banking analyst Mike Mayo wrote in his first note after joining Wells Fargo Securities.
|JPMorgan Chase & Co. (JPM.N)||$90.74||+0.09|
|Bank of America Corp (BAC.N)||$23.62||-0.02|
|Bank of America Corp (BAC_pa.N)||$26.53||+0.10|
|Wells Fargo & Co (WFC.N)||$51.68||-0.12|
|Wells Fargo & Co (WFCNP.PK)||$0.45||--|
|Wells Fargo & Co (WFC_pl.N)||$1,338.02||-0.18|
|Goldman Sachs Group Inc (GS.N)||$222.15||+0.73|
|Morgan Stanley (MS.N)||$45.39||+0.30|
|Morgan Stanley (MWD.N)||--||--|
|U.S. Bancorp (USB.N)||$51.68||-0.04|