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FP Trading Desk (Canada) 12/12/2019 18:31
SYDNEY/HONG KONG — Citigroup Inc and Credit Suisse Group AG have dropped out of the U.S. initial public offering of Chinese shared workspace provider Ucommune, balking at its desired valuation, two people with direct knowledge of the matter said. Ucommune’s latest filing with the U.S Securities and Exchange Commission lists Chinese banks Haitong International and […]
Business Insider 12/12/2019 08:00
CEO Michael Corbat sent out an internal memo on Tuesday announcing the firm's new class of managing directors. The MD distinction, the highest title at the firm, was earned by 220 employees across the bank — 137 from the firm's Institutional Clients Group, which includes its dealmaking and sales and trading teams, and 25 in its Global Consumer bank. Business Insider got ahold of Corbat's memo congratulating the 220 new MDs. . Managing director is the highest title at Citigroup, and 220 employees recently earned a promotion to that elite group across the firm, according to a company-wide memo CEO Michael Corbat sent out Tuesday. Individual divisions began announcing newly promoted MDs last Friday, including , which houses its dealmaking and

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