Tag:
Latin America
Latest Headlines
Latest Headlines
LiquidNet faces its future
The international exchange industry remains in flux. Most people assume that the trend toward globalization is intact and going strong, but then again, we've recently seen the LSE's effort to buy TMX
Citigroup revenues continue to plunge
Citigroup ( NYSE: C ) beat analysts' estimates by a thin margin for the first quarter of 2011, reporting 10 cents a share. But there's plenty of reason for concern. The profit mainly reflected the release of funds previously set aside to cover bad debts; the banks released $3.37 billion in the q
The fate of Citi as a consumer giant?
The news that Teresa Dial will step down from Citigroup ( C ) as head of the consumer unit is still being digested. Apart from all the catty stuff, the biggest issues relate to the future of Citigroup as a consumer banking giant. We're used to thinking about it as one of the big nationwide banks
Should more bank execs buy their own stocks?
We've suggested that executives in TARP banks could build some credibility by investing their own money in their own stock. At Citigroup, four top executives have done just that. Bloomberg reports that these executives last week generated a $2.2 million paper profit within nine days of buying
Bill Gates eyes m-banking as the future
The Bill and Melinda Gates foundation thinks that mobile banking can do a lot to bring valuable financial services to underserved areas. Toward that goal, the dynamic duo has donated $12.5 million to
Indian outsourcers face competition; good for Wall Street?
It's no secret that Wall Street firms have embraced offshore outsourcing. The commitment is not likely to wane. With the credit crunch still unfolding, costs will remain a huge issue over the next
More Wall Streeters head abroad
Is it time to volunteer to go overseas? It might not be a bad idea, though the thought of uprooting your family for the Middle East or Latin America might not strike everyone as a great adventure. The New York Times reports that banks are moving more employees abroad, including top executives,
