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Opinions and views from expert CFOZone members.

Tag >> Citi
Sep 22

Tech Roundup

Posted by dbedell in treasury technologyThomson ReutersTechnologyDTCCCitibiztech


The Eikon DesktopThomson Reuters’ next-gen desktop product for finance professionals, has rolled out of the lab and into the marketplace. The offering itself, along with future upgrades, are downloaded online and access has been streamlined—users take advantage of keyword tags to find information rather than being required to remember instrument codes or go through many screens to get to a particular piece of data.

Features are designed to be as easily-accessible as any web application, and they have added new functionality for Twitter-style social networking with other users, which will allow users to share views and ideas, and create communities.

Sep 21

New portal to help suppliers bid large corporate contracts

Posted by dbedell in web portalUPSTechnologysupply chainsmall and medium-sized businessPfizerlarge-cap companyIBMcontract managementCitiCashbiztechBank of AmericaAT&T


Small suppliers in the US will soon have an easier mechanism to bid for large corporate contracts, as a consortium of firms have announced the launch of Supplier Connection—a portal geared at simplifying and standardizing the application process for large corporate contracts.

The site, which is expected to launch early next year, is being set up by IBM, AT&T, Pfizer, UPS, Bank of America and Citi. To begin with, it will host applications for bids on their business, but will also open to other companies that want to sign up and participate as it grows.

Aug 20

More trouble for banks

Posted by Ron F in Supreme CourtsecuritizationRiskmortgagesmortgage foreclosuresloan lossescomplianceCitigroupCitiCaliforniaBanksBanking

Ron F

This trend has now reached California, so it's about to become a whole lot more meaningful.

Again, this may be a matter of paperwork, but at minimum, it seems like banks will have to spend time and money straightening out their claims to homes on loans they've securitized.

May 03

Chinese banks point to policy peril

Posted by nicklord in RBSINGCitiChinaCCB


China Construction Bank (CCB) has become the latest of the major Chinese banking groups to announce that it will raise substantial amounts of new capital to compensate for rapidly rising credit losses. These losses mainly stem from the lending boom that Chinese banks were commanded to undertake in 2008-2009. The lending policy was China's response to the global credit crisis.

In a filing with the Shanghai Stock Exchange last week, CCB announced that it was seeking to raise up to Rmb75 billion ($11 billion) through a rights issue of 0.7 rights for every 10 shares. With this issue, the total amount of new capital raised by Chinese banks this year reached $26 billion.

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