Citigroup
Why the ultra rich are abandoning New York, as the city loses its finance-capital status
High local taxes, housing costs and a drop in finance-industry jobs mean New York City is losing its allure.
- The Economist
Latest
ANZ Bank opens new front in mortgage wars
ANZ Bank is adding lower-cost digital home loans to its wider arsenal as it looks to grab a bigger share of the $2.1 trillion home loan market.
- Clancy Yeates
Which crisis? Wall Street’s big banks score $US1 trillion of profit in a decade
In a time marked by public anger at banks, tougher rules, geopolitical havoc, the pandemic and some treacherous market swings, the six giants of US banking have not only survived, but pulled in their biggest profits ever.
- Max Abelson and Hannah Levitt
Citi on alert for spending pull-back due to rising costs
Credit card giant Citi says while customers are in good shape today, it will be looking out for softer discretionary spending on credit cards later this year.
- Clancy Yeates
Wall Street wobbles lower as investors monitor inflation, earnings
Traders say the market is coming to grips with selling really highly valued, profitless tech names and finding other places to put money.
- DAMIAN J. TROISE and ALEX VEIGA
NAB buys Citi's Australian retail bank for $1.2 billion
National Australia Bank is looking expand its share of the credit card market by buying Citi’s Australian retail banking arm.
- Clancy Yeates
BlackRock joins Citi and HSBC in plan to close coal plants early
BlackRock and other major financial institutions are working on plans to accelerate the closure of coal-fired power plants in Asia in a bid to phase out the use of the worst man-made contributors to climate change.
- Krystal Chia
- Exclusive
- Fintech
Citi says buy now, pay later not a ‘fad’ as it joins the stampede
Global giant Citi says the rise of buy now, pay later products is a major shift, as it prepares to move into the local market.
- Clancy Yeates
Wall Street suits are returning to the office. In chinos, sneakers and ballet flats
As Wall Street workers trickle back into their Manhattan offices, they are noticeable for their casual attire. Even the Lululemon logo has been spotted.
- Lananh Nguyen and Melodie Jeng
Potential NAB-Citi deal will get the full ACCC treatment
Competition tsar Rod Sims says any attempt by National Australia Bank to buy Citi’s retail bank will be subject to strictest scrutiny.
- Clancy Yeates