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Citigroup

This Month

Citigroup says it has the largest presence of any foreign financial institution in Israel.

Citi sacks banker for ‘antisemitic’ social media post

Authorities have reported seeing an increase in threats targeting Jewish and Muslim institutions in the aftermath of the October 7 attack on Israel by Hamas.

  • Jenny Surane

‘It’s bad’: The 9.23pm moment ANZ’s $2.5b deal crumbled

Hedge funds screaming down the phone, 2.26am emails to the client, billions of dollars at risk and a late night “Oh, f---” moment. Justice Mark Moshinsky reveals what it was like inside ANZ’s deal room.

  • Updated
  • Anthony Macdonald
Citibank dismissed one of its bankers over expenses claims for gross misconduct in November 2022.

Citibank analyst sacked for claiming ‘coffee and sandwiches’

Szabolcs Fekete, who blamed “very small” coffees, denied that the meal had been eaten with his partner.

  • Jane Croft
Citi’s head of investment banking Alex Cartel and CEO for Australia and New Zealand Mark Woodruff say there is heightened interest in listed property companies this year.

Deflated REITs draw fundie crowd behind closed doors

At investment conferences, it is more about who’s meeting behind closed doors than what is said on stage. This week we learned where investors are sniffing around.

  • Anthony Macdonald
People visit a section of the Great Wall during the National Golden Week holiday. Authorities were hoping for a bigger pick-up in activity.

China data show slower-than-expected boost from Golden Week

The comparatively soft figures add to recent evidence that while some sectors are on the mend, the broader economy is still far from roaring back.

  • Daniela Wei
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Carmel Monaghan speaks at the AFR Workforce Summit in Sydney.

Ramsay Health Care pops up in $500 million-plus Cura auction

ASX-listed Ramsay submitted a non-binding indicative bid to sell-side adviser Citi.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
inflation

Treasury rout shows Fed rate rises probably over

The market odds of another increase by the end of the year has dropped to 30 per cent as bond yields surge.

  • Colby Smith and Kate Duguid

September

Saverglass makes a range of specialist glass bottles for premium spirits and wine groups.

Orora’s $1.35b raise gets insto support despite big discount

Can and bottle maker Orora’s $1.35 billion equity raising to buy France’s Saverglass had been expected since August 27.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Judo Bank chief executive Joseph Healy.

Judo Bank pitches first securitisation deal; mandates five banks

Judo Bank is hopeful of printing a $350 million to $500 million deal in its first trip to the securitisation markets.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Nice bottles, Saverglass ... we mean, Orora.

Orora to raise $1.35b to buy Carlyle’s Saverglass

It’s game on for Orora’s big equity raising to buy Carlyle’s premium French bottle maker Saverglass, as revealed by Street Talk.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

From Paris to Singapore: Australia’s most influential overseas bankers

Australians’ no-nonsense culture, coupled with an insatiable appetite to travel, make the country’s bankers an ideal fit for global institutions.

  • Aaron Weinman

August

Brian Lowe, chief executive of packaging giant Orora, is set to start convincing investors of the merits of a mooted foray into France’s high-end glass market.

Voila! Orora’s European target revealed, Citi, Macquarie on ticket

ASX-listed can and bottle maker Orora is seeking to acquire high-end glass bottle manufacturer Saverglass.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Chorus is the biggest  fixed line communications infrastructure business in New Zealand.

Chorus starts debt deal meetings; Pepper Money launches $850 debt deal

The goal would be to firm up interest in an Aussie-dollar seven-year debt note that would be fixed rate and rank as senior unsecured debt.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Orora preps investors for $1b-plus raising to fund offshore buy

The can and bottle maker is closing in on the acquisition of an offshore glass business.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The push from Amazon and others reflects hardening attitudes among business leaders over flexible working arrangements.

Amazon tracks, targets staff in tough back to office order

The push comes as employers are using more aggressive tactics to stamp out the work-from-home culture.

  • Camilla Hodgson, Akila Quinio and Andrew Edgecliffe-Johnson
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Incitec Pivot’s chief executive Jeanne Johns left the business on June 30.

Analysts sceptical about sale of Incitec Pivot fertiliser business

Morgan Stanley’s Andrew Scott spots several obstacles in the $1.5b fertiliser deal.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
A vendor selling slippers and umbrellas during a rainy day waits for customers in Beijing.

‘No bad news’: China’s economists warned to stay positive

Authorities struggling to restore confidence in the post-COVID recovery want analysts to avoid mention of a deflation risk.

  • Sun Yu
White-collar workers have been prepared to fight for a benefit many did not have before COVID-19.

The surprising truths about remote working

From return-to-office demands to productivity levels, a lot of what we think we know about working from home is wrong.

  • Pilita Clark

July

Citi’s Josephine Majewski reckons the bank has struck a balance between flexibility and in-person collaboration with its hybrid working policy.

What happened when Citi told its 880 staff to come back to the office

Research from the Melbourne Institute shows that bosses and workers are at odds just as much as they were in September 2021.

  • Euan Black
Jeanne Johns has left Incitec Pivot in the midst of a demerger.

Pupuk gets serious about Incitec Pivot; hires advisers

The ASX-listed group confirmed reports in Street Talk earlier this month that it had received approaches from parties interested in its fertiliser division.

  • Sarah Thompson, Kanika Sood and Emma Rapaport