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C Oct 2024 62.500 put
- Reuters
Citi reaffirms focus on regulatory compliance ahead of key unit's investor day
The lender has been facing some regulatory challenges tied to its so-called living will that details how the firm would be unwound in the event of bankruptcy. The board of the Federal Deposit Insurance Corp, a top banking regulator, plans to vote on Thursday to downgrade its rating on Citi's data-management systems to a "deficiency" from a "shortcoming", Reuters reported on Monday. Citi CEO Jane Fraser will give opening remarks in an investor day on Tuesday, highlighting the strategy for its services business, which helps to manage payments and liquidity for multinational corporations.
- Reuters SG
Seche Environnement to buy Singaporean hazardous waste firm ECO for $447 million
French industrial group Seche Environnement has agreed to buy Singapore's ECO Industrial Environmental Engineering for around S$605 million ($447.4 million), according to a statement by the company dated Monday. The group is buying the Singaporean hazardous waste company from Beijing Capital Eco-Environment Protection Group , according to the statement. Reuters reported earlier this month that the sale had attracted interested companies including global infrastructure investors such as Actis and I Squared Capital.
- Zacks
M&T Bank (MTB) Arm Partners with BXMT on Agency MF Lending
M&T Bank's (MTB) division, M&T Realty Capital's collaboration with BXMT, enables the latter's borrowers' expanded access to multifamily agency financing.
