Citi Related Content

Nesco Acquires Custom Truck One Source

Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Nesco and CTOS are providers of specialized truck and heavy equipment solutions, including rental, sales and aftermarket parts and service. read more

PNC Agrees to Acquire BBVA USA for $11.6B

The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion. read more

Citi GPS Report Estimates $16T in Lost GDP Due to Racial Inequality in the U.S.

Citi released a report that estimates the economic losses attributed to racial inequality in the U.S., which posits the lost GDP of systemic and societal racism and discrimination faced by Black people over the last 20 years to be $16 trillion and provides recommendations the public and private sectors can take to help close the gap. read more

Fraser to Succeed Corbat as CEO of Citi

Michael Corbat, CEO of Citi, will retire and step down from the company’s board of directors in February of 2021. Jane Fraser, currently Citi’s president and CEO of global consumer banking, will succeed Corbat as CEO and on the board of directors. read more

SMBC Aviation Capital Closes $600MM Syndicated Financing

SMBC Aviation Capital closed a $600 million syndicated financing transaction comprising a $200 million term loan and a $400 million revolver with a bank consortium led by Citi acting as global coordinator. read more

AerCap Completes Unsecured Credit Facility Upsize to $950MM

Aircraft lessor AerCap completed the upsize, amendment and extension of its $600 million unsecured revolving credit facility. The new facility size is $950 million and comprises a four-year revolving period. read more

Report: JPMorgan Most Popular Brand, U.S. Bank Most Loyal Customers

According to Brand Finance research, JPMorgan Chase was ranked as the most popular brand in the U.S. Wells Fargo was voted the least trusted bank. U.S. Bank proved to have the most loyal customers. read more

GE Energy Financial Secures Financing for Power Projects in Argentina

GE Energy Financial Services and UPF Energia Elctrica have secured $220 million of project financing for two jointly owned thermal power projects in Argentina. Citi, Credit Suisse and EDC led the financing. read more

GE, Citi Provide Tax Equity Financing to First U.S. Wind Farm

GE Energy Financial Services and Citi closed tax equity financing on Deepwater Wind’s Block Island Wind Farm, the first offshore wind farm in the U.S. read more

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