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Business 01 Jan 2003 | 12:00 AM

IBM wins US$5bil, 7-year contract from J.P. Morgan

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.

Business 03 Jan 2003 | 12:00 AM

Citibank buys 5% of Pudong Bank

Citibank, a unit of US financial titan Citigroup Inc, will pay about 600 million yuan (US$72mil) for a 5% stake in Shanghai Pudong Development Bank in its first strategic partnership in the potentially huge China market.

Business 11 Jan 2003 | 12:00 AM

Wall St probe findings within weeks

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.

Business 23 Jan 2003 | 12:00 AM

Citigroup Q4 hurt by charges

Citigroup Inc#8217;s earnings took a hit in the fourth quarter of 2002 because of a costly settlement with federal and state regulators, but the financial services giant has still managed to post record profits for the year.

Business 24 Jan 2003 | 12:00 AM

JP Morgan loss widens, Merrill makes profit

JP Morgan Chase Co Inc has posted a wider fourth-quarter loss due to charges to cover Enron-related losses and other legal battles, while cost-cutting has lifted results at its Wall Street rival Merrill Lynch Co Inc.

Business 18 Feb 2003 | 12:00 AM

Qantas to market Aussie bonds

Australian flag carrier Qantas Airways Ltd will market an Australian dollar bond issue to local and Asian investors next week, market sources said yesterday.

Business 19 Feb 2003 | 12:00 AM

NEAC: Comprehensive stimulus package to be most significant policy

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.

Business 05 Mar 2003 | 12:00 AM

Official: Citibank growing in step with the nation

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.

Business 08 Mar 2003 | 12:00 AM

Citibank embarks on rebranding

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

Business 10 Mar 2003 | 12:00 AM

Cost management a strength for Citibank

A core competency for Citibank is cost management.