Citigroup Inc. (C)
Wall Street Private-Credit Detente Reaches Apollo, Citi
The once-frosty relationship between private lenders and banks is thawing, as evidenced most recently by Apollo Global Management Inc.'s $25 billion venture with Citigroup Inc., Bloomberg's Sonali Basak says. Today's Wall Street Beat on "Bloomberg Open Interest" teed up the question: Do lower interest rates start to sap the appetite for private credit?
Citi teaming up with Apollo to handle $25 billion in private-credit investments
Citi and Apollo will handle loan portfolio with capital from insurance annuity company Athene and Abu Dhabi's Mubadala Investment Co.
Citigroup, Apollo Team Up in $25 Billion Private Credit Market Push
Citigroup and Apollo Global Management are joining forces in the private credit market, agreeing to work together on $25 billion worth of deals over the next five years. Sonali Basak reports on Bloomberg Television.
Citi, Apollo partner for $25 bln of private credit deals, Bloomberg News reports
Citigroup and private equity giant Apollo Global have struck a private credit partnership to work together on $25 billion of deals over the next five years, Bloomberg News reported on Thursday, citing a statement.
Should Investors Keep Citigroup Stock on Radar Post Fed Rate Cut?
C's financials are expected to benefit from the Fed rate cuts over the long term. Yet, ongoing legal scrutiny and rising credit losses are worrisome.
5 Blue Chip Dividend Giants Passive Income Investors Can Always Count On
24/7 Wall St. Insights The futures market has priced in a 100% chance of a September rate cut.
Citigroup's China Expansion Plans Stalled Amid Regulatory Probes
C's efforts to expand into China are held up by the U.S. regulators following a Fed's penalty related to its data and management risk controls.
Citi Hits Snag With China Plans as Regulators Flag Data Issue
Citi's plan to expand in China has reportedly hit a regulatory bump in America. The trouble stems from a penalty levied by the Federal Reserve against the banking giant over its data management and risk controls, Bloomberg News reported Monday (Sept.
Citigroup's China expansion plan put on hold by US regulators, Bloomberg News reports
Citigroup's expansion plan in China has hit a roadblock with U.S. regulators after the Federal Reserve imposed a penalty on the bank for its data management and risk controls, Bloomberg News reported on Sunday.
Report: American Airlines Considering Making Citigroup Sole Credit Card Partner
American Airlines is reportedly considering consolidating its business with a single credit card partner, potentially by making Citigroup its exclusive partner and dropping Barclays. The airline's talks with banks and card networks are ongoing and the timing of an agreement is unknown, CNBC reported Friday (Sept.
U.S. Bank Stocks Rally After Fed Cuts Interest Rates by 50Bps
U.S. banks, including C, WFC, JPM, HTBI and FFWM, rally as the Fed cuts rates, raising hopes of lower deposit costs and improving loan demand and asset quality.
American Airlines eyes exclusive credit card deal with Citigroup over rival bank Barclays
American Airlines is in advanced talks to establish Citigroup as its sole credit card issuer, potentially ending its partnership with Barclays, a relationship that began after American's 2013 merger with US Airways, according to a CNBC report.
