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花旗将近千个技术岗位转移至印度业务支持中心
格隆汇APP· 2025-09-26 02:12
格隆汇9月26日|据彭博,花旗集团已将近1000个技术岗位转移至印度业务支持中心,此前作为全球重 组计划的一部分,该行已在中国裁减了技术岗位。知情人士透露,花旗在过去数月分阶段转移了这些岗 位。随着美国总统特朗普本月突然宣布对H-1B签证项目新申请收取10万美元费用,全球银行可能将更 多工作岗位转移至印度支持中心。 ...
Billionaire says $2.3 billion Banamex stake signals confidence in Mexico's economy
Yahoo Finance· 2025-09-25 23:54
MEXICO CITY (AP) — A day after Citigroup announced it would sell a 25% stake in Banamex to billionaire Fernando Chico Pardo, the Mexican businessman said his $2.3 billion investment should be read as a sign of confidence in Mexico’s government and economic potential. The sale, which is expected to be completed next year after Mexican regulators sign off, comes after Citigroup announced in January 2022 that it was moving away from retail banking in Latin America. Mexico’s then-President Andrés Manuel Lópe ...
Citi to turn to more minority investors after Banamex stake sale
Reuters· 2025-09-25 21:49
Citigroup will look for more minority investors in its Mexican retail unit, Banamex, before launching a potential initial public offering, executives said on Thursday. ...
Citigroup to Sell 25% Stake in Banamex Amid Organizational Overhaul
ZACKS· 2025-09-25 18:06
Key Takeaways Citigroup agreed to sell a 25% stake in Banamex to Fernando Chico Pardo and his family.The sale supports Citigroup's exit from consumer banking in Mexico while focusing on institutional growth.Completion of the deal is expected in the second half of 2026, subject to regulatory approvals in Mexico.Citigroup Inc. (C) has taken a decisive step in its global restructuring efforts, announcing an agreement with a company wholly owned by Mexican business leader Fernando Chico Pardo and his family to ...
Stablecoin Market Could Reach $4 Trillion by 2030, Citi Says in Revised Forecast
Yahoo Finance· 2025-09-25 17:41
The stablecoin market is expanding faster than expected, with issuance volumes rising from about $200 billion at the start of 2025 to $280 billion as of Thursday, according to a report by Citi. The bank has lifted its 2030 forecast for stablecoin issuance to $1.9 trillion in its base case and $4 trillion in a bull case, up from $1.6 trillion and $3.7 trillion respectively. If stablecoins circulate at a velocity comparable to fiat currencies, they could support up to $100 trillion in annual transactions b ...
Jim Cramer on Citigroup: “It Remains the Cheapest of the Big Banks”
Yahoo Finance· 2025-09-25 17:05
Citigroup Inc. (NYSE:C) is one of the relatively cheap S&P 500 stocks Jim Cramer talked about. Cramer noted the firm’s “remarkable recovery” under the CEO Jane Fraser, as he said: “Lots and lots of banks made the final list, and I really liked two of them, one big and one small. The big one is Citigroup. Boy, is that strong. It should grow at a 28% clip next year. It trades at just 10.5 times the 2026 earnings estimates. Well, that’s, that’s strange. Citi’s made a remarkable recovery under CEO Jane Fraser ...
KBRA Assigns Preliminary Ratings to Citigroup Mortgage Loan Trust 2025-4 (CMLTI 2025-4)
Businesswire· 2025-09-25 17:05
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 56 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2025-4 (CMLTI 2025-4), a prime residential mortgage-backed securities transaction collateralized by owner occupied primary and secondary properties. The underlying pool consists of 370 fixed-rate mortgages (FRMs) with an aggregate principal balance of approximately $345.5 million as of the cut-off date on September 1, 2025 and includes both ...
Citigroup moves 1,000 tech jobs to India after China cuts, boosts GCC presence
BusinessLine· 2025-09-25 17:02
Citigroup Inc. has moved close to 1,000 tech jobs to India’s business support centers following cuts to its workforce in China, according to people familiar with the matter. The Wall Street lender shifted the jobs in phases over the past few months after it reduced staffing in China as part of a broader global overhaul, said the people, who asked not to be identified because the information isn’t public. Citigroup declined to comment. Also readGlobal banks may now send even more work to their Indian suppor ...
Trump's $100,000 visa fee threatens Wall Street's pipeline of junior bankers and tech talent
Yahoo Finance· 2025-09-25 17:00
Wall Street is bracing for the impact of President Trump's H-1B application fee. The $100,000 price tag could upend hiring for technologists and junior bankers. Experts broke down which finance jobs are most at risk and why. President Donald Trump's new H-1B visa policy may hit Big Tech the hardest, but Wall Street is well within the blast zone. Big banks like JPMorgan, Goldman Sachs, and Citi have long used these work visas to hire a range of highly skilled overseas workers, from junior bankers t ...
Citi projects $1.9 trillion stablecoin boom by 2030
Yahoo Finance· 2025-09-25 15:22
The market for stablecoins could balloon in the next five years, according to a new report from Citi. "Stablecoins are a catalyst for blockchain’s ChatGPT moment in institutional adoption," wrote Ronit Ghose, global head of future of finance at Citi Institute, and Ryan Rugg, global head of digital assets at Citi Services. Citi now forecasts stablecoin issuance could reach $1.9 trillion by 2030 in its base case, up from a previous estimate of $1.6 trillion. In a bull case, issuance could soar to $4 trilli ...