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JPMorgan entices CEO Jamie Dimon to stick around with surprise stock award


Jamie Dimon’s five-year retirement joke just got serious.
The billionaire chief executive officer of JPMorgan Chase & Co. was granted a special gift to persuade him to lead the biggest U.S. lender for another “significant number of years.” He was awarded 1.5 million stock appreciation rights, which are like options and will let him capture a profit if the stock price rises in the coming years.
At 65, Dimon is the only sitting bank CEO who led a major firm through the financial crisis. He took over JPMorgan in 2005, and built it into the biggest and most profitable bank in the country. ....

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Citi announces addl Rs 200 Cr aid for COVID-19 relief efforts in India, Wells Fargo to donate $3M


Citi announces addl Rs 200 Cr aid for COVID-19 relief efforts in India, Wells Fargo to donate $3M
May 5, 2021
The Rs 200 crore amount will be spent over the next three financial years, and a sum of Rs 75 crore will be allocated towards immediate medical and humanitarian needs, an official statement said.
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COVID-19 relief measures in India.
The Rs 200 crore amount will be spent over the next three financial years, and a sum of Rs 75 crore will be allocated towards immediate medical and humanitarian needs, an official statement said.
India has been experiencing shortage of oxygen, medical equipment and other health infrastructure amid a sharp rise in Covid cases and a slew of multinational companies have rushed with necessary support. ....

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Citi commits ₹200 crore more to support India's Covid relief efforts


Citi commits ₹200 crore more to support India’s Covid relief efforts
May 05, 2021
Funds will be used to procure oxygen supplies and testing systems, among other things
Citi, on Wednesday, announced an additional ₹200 crore ($27 million) pledge over the next three financial years towards India’s recovery and relief efforts against Covid-19, as the country experiences a surge in cases.
Of the total pledged amount, ₹75 crore ($10 million) is being allocated immediately towards the procurement of oxygen supplies, adding beds to hospitals, diagnostic testing systems, personal protection kits and other supplies for India’s frontline healthcare workers, it said in a statement.
The funds will also be utilised towards food and hygiene supplies for low-income families. ....

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Yes Bank eyes Citi India's retail assets- Business News


Yes Bank eyes Citi India s retail assets
The India business of Citi includes retail banking, wealth management, credit cards and mortgages. It also has a presence in the distribution of financial services products, investment banking operations and treasury and trade solutions
BusinessToday.In | May 3, 2021 | Updated 13:34 IST
Yes Bank explores bid for Citi India s retail business
Private lender Yes Bank is looking to bid for the Indian retail assets of Citibank. This move comes as the foreign bank is slated to partially exit 13 countries, including India. Yes Bank also joins a list of parties interested in the local operations of Citi. ....

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