James Griffiths News
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Citigroup Inc.’s Asian operations raised more than $50 billion for clients from capital markets last quarter, according to a memo obtained by Bloomberg News.
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Asian industrial companies, including South Korea’s SK Holdings Co. and Noble Group Ltd. of Hong Kong, have lead the region’s doubling of global revenue share since 2005, a Citigroup Inc. study shows.
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UBS AG used contacts with China’s richest people to help it climb into the top-five arrangers of G-3 bonds in Asia for the first time since 2011.
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Citigroup Inc., the third-largest U.S. bank, stopped contributing to two benchmark rates set in Malaysia, two people with knowledge of the matter said.
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UBS AG and JPMorgan Chase & Co. are withdrawing from a panel that sets Australia’s benchmark swap rate and Citigroup Inc. is reducing its role in Malaysia amid increased scrutiny following the global rate-rigging scandal.
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Citigroup Inc. plans to almost triple its workforce in China to as many as 12,000 people in the next three years, intensifying its rivalry with HSBC Holdings Plc in the world’s fastest-growing major economy.
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Citigroup Inc. , the third-biggest U.S. bank by assets, said it plans to add 70 retail branches in Asia during the next 12 months.
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American Finance House Lariba and Guidance Residential LLC have become the biggest providers of Islamic financial services to the 7 million Muslims in the U.S., a market Citigroup Inc. and HSBC Holdings Plc aren’t developing.
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Facebook Inc.’s initial public offering will be the biggest test of a rule introduced in 2011 to protect investors and curb volatility on the first day a company trades.
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Transocean Ltd. , the owner and operator of the oil rig leased to BP Plc that exploded last month and killed 11 workers, asked a U.S. judge to limit its liability to $26.7 million.
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