citibank

JPMorgan, Citi shareholders to vote on potential breakup plans

Citigroup included the question in a proxy statement it filed on Wednesday for its annual meeting next month, and the shareholder sponsoring that proposal said he has a similar one slated for the upcoming ballot for JPMorgan's annual meeting. The shareholder, Bart Naylor, said he hopes the proposals get more votes…

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JPMorgan, Citi shareholders to vote on potential breakup plans

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Exclusive: Citigroup executives avoid U.S. charges over mortgage bonds – document

By Nate Raymond NEW YORK (Reuters) – U.S. authorities have decided not to pursue criminal charges against any Citigroup Inc executives or employees involved in packaging and selling mortgage-backed securities at the heart of the 2008 financial crisis, a government report shows. The decision, which followed Citigroup's $7-billion settlement in 2014 resolving federal and state civil claims related to mortgage bonds, was described in a November report…

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Exclusive: Citigroup executives avoid U.S. charges over mortgage bonds – document

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Blackstone CEO took home $810.6 million in 2015

Blackstone Group LP Chief Executive Stephen Schwarzman took home $810.6 million in 2015, after the New York-based asset manager returned a record amount of cash to its shareholders following a wave of lucrative asset sales. The hefty payout represented a 17 percent rise in Schwarzman's earnings compared with 2014, in line with

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Blackstone CEO took home $810.6 million in 2015

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U.S. consumer spending, inflation data keep rate hikes on table

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years, keeping Federal Reserve interest rate increases on the table this year. The growth outlook was further bolstered by steady consumer sentiment in February despite a recent stock market sell-off. The

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U.S. consumer spending, inflation data keep rate hikes on table

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United Tech rejects Honeywell’s $90.7 billion offer

U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be “irresponsible” toward its shareholders. United Technologies Corp said the two companies had talked about a possible combination for years. United Tech's filing came hours after Honeywell spelled out the details

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United Tech rejects Honeywell’s $90.7 billion offer

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G20 communique says monetary policy alone cannot bring balanced growth

Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to provide balanced growth. In a joint communique issued at the end of the two-day conference of G20 central bankers and finance ministers in Shanghai, participants repeated previous pledges not to engage in

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G20 communique says monetary policy alone cannot bring balanced growth

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U.S. authorities question Citigroup about transactions in FIFA corruption probe

Citigroup Inc said it has received questions from U.S. federal authorities investigating the role of financial institutions in alleged corruption and money laundering involving FIFA. In an annual filing with securities regulators on Friday, Citigroup said it

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U.S. authorities question Citigroup about transactions in FIFA corruption probe