Citigroup

Turbulence on stock markets once more as investors fear contagion from collapse of Silicon Valley Bank

Sell-off sparked by $1.8bn loss at Silicon Valley Bank

Move follows resignation of Cecilia Ronan last year

Global growth expected to slow to 2.2% in 2023, the slowest pace in 40 years

Vacancy rate for buildings with better energy ratings sits at 6% compared to 10% for overall Dublin market

Bank of America, Citigroup and JP Morgan Chase all increase bad loan provisions

Acquisition of office at 1 North Wall Quay follows deal to build new headquarters for US banking giant

Global banking giant strikes agreement with Johnny Ronan’s RGRE for 300,000sq ft office campus at Waterfront South Central

City centre properties remain the 'focus' for lettings, says Savills Ireland

Citigroup Europe is currently in talks on a new headquarters in Dublin and is expanding its local workforce to 2,800

Wall Street will signal its concerns about the US economy in Q3 earnings next week

Developer Shane Whelan’s Westridge Real Estate also in contention for bank’s offices at 1 North Wall Quay

Wall Street bank challenged hedge funds that received repayment from Revlon loan in 2020

A number of firms have slowed their expansion plans for Dublin

US bank hiring 300 additional staff in Ireland and eying large site in docklands co-owned by Ronan Group

Regulator said US bank failed to identify significant gaps in its arrangements, systems and procedures for trade surveillance

Idea the UK government might encroach on the bank’s independence or follow Japan’s lead would alarm investors

Gulru Atak is awarded the leadership prize at ceremony designed to recognise industry innovation

US bank was given grace period for margin payment at Intercontinental Exchange

Iseq in Dublin closes the session up 1.3%

Ukraine war will also hit lender that has struggled with multiple crises in recent years

Regulator had wanted Irish banks to ringfence 1% of their risk-weighted assets as a buffer

Wall Street lenders report mixed figures ahead of end to trading week

Banks stockpiling cash to cushion potential loan losses amid Ukraine war worries

US banking giant already employs 2,500 in State

US bank’s European unit saw its profit jump more than 150% last year to $1.2bn

Iseq boosted by banks and building stocks

Irish index bucks trend and closes marginally lower

Energy costs continue to weigh on building material and airline shares

Brexit prompted Barclays to chose Republic as its EU base

Europe’s Stoxx 600 Index opens lower as mining and energy stocks advance

Banks suffer worst session since March 2020

Question facing bankers is whether relaxed approach will continue as spread of Omicron continues to fade

Equities still headed for their worst January since 2016

Joe Brennan: US central bank doesn’t have mandate to offer stock investors a sustained rally

Goldman Sachs among those making the move

Early European markets also weaker, but oil rises to seven-year high

Kingspan under pressure as buyer of stock moves on

Higher expenses see rival Citigroup report a 26% fall in profits

Analysts expect ‘choppy’ first quarter for US stocks ahead of first Fed interest rate hike