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New York bank J.P. Morgan Chase and Co has signed a seven-year contract for information technology services with IBM Corp worth more than US$5bil as it moves to cut costs, mirroring similar moves by other banks.
B>NEW YORK/B>: Disgruntled investors suing Wall Street firms over bad stock picks will soon get a windfall, as state regulators including New York Attorney-General Eliot Spitzer will likely release the findings of probes into Citigroup Inc and other banks by the end of the month.
THE comprehensive stimulus package to be announced by the government next month is likely to be the most significant economic policy announcement for the year, according to the National Economic Action Council (NEAC) executive director Datuk Mustapa Mohamed.
Citibank Malaysia considers its business and growth in the country as a major success story and plans to actively participate in its next wave of growth in services and Islamic banking.
Citibank can now boast of having captured a 23 per cent share of the credit card market, measured in terms of the number of cards in circulation. In terms of sales volume, the bank has a clear 27 per cent lead