Mark Mason News

14.09 / 13:57

UPS economy Remark Bill pandemic reports Americans are falling behind on their bills. Wall Street is alarmed.

Subscribe to enjoy similar stories. Signs that Americans are struggling to keep up with their bills are setting off alarms on Wall Street. Shares of consumer-lending companies slid this past week after executives raised warnings about lower-income borrowers who are struggling to make payments.

29.11 / 12:13

UPS Citi IPO Strategy Citigroup International A simpler Citigroup begins to take shape

Subscribe to enjoy similar stories. Citigroup is nearing an important milestone in efforts to spin off its Mexican consumer bank, an important part of chief executive Jane Fraser’s turnaround strategy. The bank said it would complete a split next week of the systems that underpin Banamex from the rest of its operations in Mexico.

14.04 / 08:45

Citi JPMorgan economy Citigroup wellness War reports Financial Big banks warn of uncertain year ahead after mixed financial performances in the first quarter

Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere

12.01 / 15:04

Citi Booking CEO Citigroup Trade performer reports Citigroup posts $1.8 billion fourth-quarter loss after litany of charges

In this article

12.01 / 13:59

Citi FIVE CEO Citigroup cover reports International Q4 Citigroup Q4 Results: Company swings to $1.8-billion loss on slew of charges

insurance fund and carry out a sweeping internal reorganization. The loss was also fueled by the bank stockpiling money to cover currency risks in Argentina and Russia. The third-largest U.S. lender by assets posted a loss of $1.16 per share for the three months ended Dec.

06.12 / 17:25

Citi Target Booking CEO Citigroup performer reorganization Citigroup reorganization to be completed in first quarter, cost $1 billion

By Tatiana Bautzer and Niket Nishant

16.06 / 07:05

Citi Citigroup Citi to take $400m expense hit as it cuts 1,600 jobs this quarter

Citigroup is set to take a one-off hit of $400m as it pushes through its latest round of job cuts.

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