Bloomberg: Citigroup to Cut Bank Coal Financing
Bloomberg reported Citigroup will reduce financing for coal mining projects in the latest blow to an industry that’s viewed as a key contributor to global warming.
Bloomberg reported Citigroup will reduce financing for coal mining projects in the latest blow to an industry that’s viewed as a key contributor to global warming.
According to Trade Arabia, UAE-based First Gulf Bank raised $1 billion in loans to boost lending. BofA Merrill Lynch, Citi, Wells Fargo and others were said to have arranged the deal.
In a complaint filed in the U.S. District Court in New York on Thursday, 22 banks were accused of manipulating the market for Treasury securities.
Abengoa Yield said it has increased its existing $125 million credit facility with a revolver tanche B for an additional amount of $290 million.
Citigroup reported Q2/15 net income of $4.8 billion compared to $181 million a year earlier. The bank noted 2014 results included the impact of a $3.8 billion charge to settle legacy RMBS and CDO-related claims.
Citigroup reportedly is planning to shift the headquarters of its European retail banking operation to Dublin from London to benefit from lower costs and capital requirements.
Avon Products announced the company and a domestic subsidiary entered into a $400 million, senior secured revolver. Citigroup and Merrill Lynch acted as joint lead arrangers and joint bookrunners for the transaction.
Citigroup said the Justice Department declined to prosecute the bank after a probe into rigging of the London Interbank Offered Rate. Other U.S. and international authorities are still investigating.
The NBA will reportedly increase its credit line by at least $1 billion.
Citigroup reported Q4/14 and FY 2014 net income of $350 million and $7.3 billion, respectively were down from $2.5 billion and $13.7 billion in the same prior year periods amid legal costs that were substantially higher year/year.