Citigroup’s EU hub becomes largest bank in Ireland following significant balance-sheet growth
Profits jump 19% to $2.07bn, driven by interest income and fees and commissions growth in its services division
Citigroup
European shares can recapture early 2025 momentum over Wall Street, say analysts
Here’s why: Sixty per cent of European companies’ first-quarter earnings have beaten market expectations
Former bonds trader targets gaps in the Irish mortgage market
Núa Money co-founder Fergal O’Leary says there is an opportunity for more players to come into the Irish mortgage market and take market share from the banks
Tariff relief hopes boost recovery in global stocks
Iseq index up 2.3% as banks move higher, fuelled by positive updates from a trio of US lenders
Citigroup erroneously credited client account with $81 trillion instead of $280
Incident comes as US bank seeks to assuage regulatory concerns over its risk management processes
I’ve enjoyed the benefits of sabbatical leave. It’s deeply misunderstood by employers
Not as many hard-charging banks as you might think
Trump’s return signals a bumpy ride for markets and companies
Global uncertainty is rising but is for now well short of the dramatic heights seen during the US president’s first administration
What is the future of the corporate HQ?
Some employers that are mandating office returns favour retaining their big spaces, while others move to smaller but better-serviced properties
Surviving a shake-up: is restructuring ever good for staff?
As companies from Amazon to Citi overhaul management, experts warn that savings from job cuts can be overtaken by unintended consequences
‘It’s better than a dig in the face’: LGBT employees on how the workplace became more accepting
Ahead of a landmark Pride in Dublin, people involved in the fight for equality remember more hostile times and give a guarded welcome to improved corporate inclusivity
Citigroup names new chief executive for EU hub in Dublin
Ignacio Gutiérrez-Orrantia has over 30 years experience in the sector
Pfizer’s Irish tax affairs under US senate committee spotlight
Homebuilder Cairn buys Dublin site, Blanchardstown SC debt deal; CRH invests in Ukraine and Citigroup staff unease
Citigroup fined over €70m for ‘fat finger’ trading error
According to regulators, a trader intended to sell shares worth $58m but entered details valuing them at $444bn
Citigroup executive responsible for implementing thousands of job cuts quits
Titi Cole, one of the most senior black women in finance, departs, while outgoing PwC US head Tim Ryan joins bank
Citigroup profit drops as costs rise for employee severance
Dublin staff were told last month that 168 Irish roles were at risk as part of a global cost-cutting initiative
Kingspan faces potential fines while Revenue secures €750m in settlements
The best news, analysis and comment from The Irish Times business desk
Citigroup plans Irish job cuts, with 168 roles at risk in Dublin
Wall Street banking giant is shedding jobs globally as part of cost-cutting initiative
Developer Johnny Ronan submits plan for 17-storey tower in Dublin docklands
Redevelopment of Citi’s current European headquarters to include public viewing gallery known as the Liffey Experience on 16th floor
Bad property debt exceeds reserves at largest US banks
Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market
Citigroup plans 20,000 job cuts as it reports worst quarter in 15 years
US bank employs 2,500 people at operations in the State
European shares fall as stronger-than-expected US inflation hits rate-cut hopes
Pan-European Stoxx 600 suffers third consecutive day of losses
Surge in bad debts strike a sour note at top US banks
Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
How is blockchain changing financial services?
Secure-transaction technology has yet to make significant inroads into traditional banking sector
Why expenses are a fraught form of fraud
The Citi sandwich case shows why some rule-benders get a lot more sympathy than others
Bank of America’s third-quarter profits beat forecasts despite US downturn worries
Earnings growth trails rivals but lender buoyed by strong performance in investment banking and sales and trading
Citi profits edge higher despite worries over consumer finances
US bank defies expectations of falling profits with 2% increase in net income
Drugmaker GSK sells €1bn stake in former consumer health unit Haleon
British medicines group and US rival Pfizer have both committed to selling down stakes over time to fund core pharma operations
Citigroup expands Irish commercial banking amid wider jobs concerns
Wall Street banking giant employs 2,900 in the Republic, at a time of heightened worries about global job cuts being planned by group chief Jane Fraser
Shares advance ahead of likely Federal Reserve rates pause
CRH marked its last day of trading in Dublin with a 1.5 per cent gain
Employers and staff seek truce on office working
While some companies are tightening mandates on working from home, more are moving to flexible models
European shares dip before ECB decision and BP investors mull shock CEO exit
Traders await European Central Bank’s latest interest rate move
Citigroup CEO makes sweeping management changes to simplify bank, cut jobs
US banking giant employs some 2,800 at its pan-European hub in Dublin
Markets a sea of green as US inflation cools
Latest consumer price data boosts hopes that the Fed could end rate hikes soon
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