On Monday, Shares of Citigroup Inc (NYSE:C), added 0.55% and closed at $49.55 in the last trading session. The last trading range of the stock ranges between $49.37 and $49.96. The company’s Market capitalization is $146.58 Billion with the total Outstanding Shares of 2.91 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $34.52 and reached to max level of $56.46. Citi declared recently that it has reached a definitive agreement to sell its consumer banking business in Argentina to Banco Santander Rio subject to regulatory approvals. Citigroup does not expect the financial terms of the transaction to be material to its earnings.
The sale involves about US$1.4 billion in assets for Citi in Argentina and includes credit cards, personal loans and Citi Argentina’s retail brokerage business, in addition to deposit accounts. Citi’s consumer banking operations in Argentina will continue to operate in the ordinary course through the transition to Banco Santander Rio. Citi will continue serving its commercial banking and corporate and investment banking clients in the country.
“Argentina is one of Citi’s most important markets in Latin America and its future is extraordinarily promising,” said Jane Fraser, Citi Latin America CEO. “We have been in Argentina for more than 100 years and are committed to supporting growth and progress in the country. We will continue to invest in and grow our market leading institutional franchise there as recently declared by our CEO Mike Corbat.”
Paypal Holdings Inc (NASDAQ:PYPL),dropped -0.05% and closed at $39.86 in the last trading session. The last trading range of the stock ranges between $39.59 and $40.17. The company’s Market capitalization is $47.75 Billion with the total Outstanding Shares of 1.21 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $30.52 and reached to max level of $41.75. Lending Club (LC), the world’s leading online marketplace connecting borrowers and shareholders, declared recently that Russell S. Elmer has been named General Counsel, reporting to Scott Sanborn, President and Chief Executive Officer. Elmer will succeed Jason Altieri who has served as the Company’s General Counsel for the past seven years.
Elmer, who was formerly with Lending Club from 2012 to early 2014, brings more than 25 years of legal experience, most recently as Deputy General Counsel and Corporate Secretary at PayPal Holdings Inc. (PYPL). As Lending Club General Counsel, Elmer will oversee all legal matters counting corporate securities, M&A, corporate governance, government and regulatory affairs and litigation.
“I’m thrilled to welcome Russ back to Lending Club as General Counsel,” said Scott Sanborn, President and CEO of Lending Club. “I believe his deep legal experience at the intersection of technology and finance in addition to his hands-on knowledge of our business will allow him to be incredibly effective as we enter Lending Club’s next phase.”