Citigroup

Which private bank play should investors bank on?
SINGAPORE (Aug 11): Singapore’s three local banks – DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank – have expanded regionally over the last couple of decades, putting them in a stronger position to gather onshore assets for their private banking and wealth management businesses. In fact, earnings from the private banking and wealth management businesses of the ...
Oil could hit US$60 before year-end, says Barron's citing Citi analyst
BENGALURU (July 10): Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (Opec) could push crude prices up to US$60 ($82.92) a barrel before the end of the year, according to a report from Barron's. The report cites research from Citigroup senior energy analyst Eric Lee, who previously called for a bear market in oil when the price was ...
There’s no better time than now to buy into US banks. Here’s why
SINGAPORE (June 30): The Bank of Singapore (BoS), a subsidiary of Oversea-Chinese Banking Corporation (OCBC), remains “overweight” on the US financial sector due to the potential de-regulation for US banks as well as their prospects for higher-than-expected rates. In a fully-valued and sideway market, it continues to advocate for investors to employ a rotation strategy – namely ...
British bankers find it much harder to land a Hong Kong job
HONG KONG (June 16): Andrew Sullivan remembers the days when a young Brit could hustle his way into a job in Hong Kong finance. He ought to know: He did it. It was 1996, the twilight of British Hong Kong, when Sullivan arrived with a resume that couldn’t get him into a bank in the City of London. The former fighter pilot and chartered surveyor was soon hired as a stock ...
Are Singapore’s companies taking the ‘not if, but when’ approach to terrorism?
SINGAPORE (June 9): While companies seize every opportunity to crow about their financial performance to investors, and burnish their public image with information about their social responsibility programmes, they appear to be far less willing to talk about what they do to protect their employees and property from terrorist attacks. When contacted by The Edge Singapore about their ...
Citigroup expands Asia digital in bid to reach affluent clients
(June 8): Citigroup Inc. is expanding its digital-banking channels in Asia as the bank seeks to boost its base of affluent customers in the region by at least 10% this year. The New York-based firm is accelerating the deployment of technologies that allow customers to get advice from wealth managers and make transactions through its Internet and mobile platforms, according to Gonzalo ...
After making her fortune, Anna Haotanto wants to teach others more about investing
SINGAPORE (May 15): Anna Vanessa Haotanto became a selfmade millionaire at 29, an age when many people are still climbing the corporate ladder. She achieved this mainly by making smart investments and saving prudently. Born and raised in Singapore, Haotanto, now 32, is the founder of thenewsavvy.com, an online platform that focuses on financial and career issues facing women in Asia. She is ...
Putting all our eggs in China's basket was a mistake: UBS
HONG KONG (March 29): UBS Group AG, which built an Asian investment-banking powerhouse around the strength of its China business, is finding that excessive reliance on one single market can be a bad thing. Sam Kendall, who was promoted last year to run the regional investment bank, is trying to widen UBS’s scope by assigning more bankers a pan-Asian focus and pushing them to pursue deals ...
China moves to make $13 tril domestic bond market more global
HONG KONG (March 13): Citigroup said Tuesday it will include onshore Chinese debt in some of its gauges, while the central bank pledged to create a "more convenient and friendly environment" for foreign investors. This follows a recent measure to allow currency hedging for bonds, a move seen as one of many efforts needed to lower barriers. The world's third-largest debt market needs the ...
5 ways factories of the future are likely to evolve
SINGAPORE (Jan 20): In the early 1900s, Ford’s Model T came in only one colour. And yet, the same variant of the Model T accounted for close to half of the cars in the world in 1920. Now, the Ford F-150 pick-up has 16 equipment option categories – including selection of preferred colour, engine, and trim – which work out to more than 600,000 variants of the same vehicle to be produced in ...