By Reuters Staff
3 Min Read
LONDON, April 26 (Reuters) - Citigroup is expanding its commercial banking operations in Europe, Middle East and Africa (EMEA), looking to take on local banks serving mid-sized companies as part of a wider bid to capitalise on its global presence.
The U.S. bank will initially hire around 25 staff including bankers and risk & control managers this year as it expands its local presence in the Netherlands, Belgium, Luxembourg, Spain, Portugal and Italy, Raymond Gatcliffe, head of Citi Commercial Bank in EMEA, told Reuters
That follows on from around 30 hires the bank has already made in Britain in the last year, since Reuters first reported the lender’s ambitions to grow in the region.
Citigroup steps up Western European corporate banking push globalbankingandfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalbankingandfinance.com Daily Mail and Mail on Sunday newspapers.
Message :
Required fields
LONDON (Reuters) - A judge ruled Barclays will have to pay its own 33 million pound ($46.09 million) legal bill despite winning a case against British businesswoman Amanda Staveley s PCP Capital Group over how the bank negotiated a financial lifeline during the credit crisis in 2008.
Judge David Waksman said on Thursday he made no order as to costs , meaning both sides will pay their own legal costs. PCP had been potentially liable for both sides expenses under England s loser pays laws.
Waksman in February had found Barclays guilty of serious deceit over the deal which offered Barclays a lifeline during the crisis, but denied Staveley damages and dismissed her claim.