Citigroup Financial News

14.07 / 16:23

UPS JPMorgan Citigroup Chase JPMorgan notches record $41 billion in revenue on interest rates, purchase of First Republic

JPMorgan Chase & Co.’s revenue soared to a record in the second quarter, boosted by the Federal Reserve’s interest-rate hikes and its acquisition of First Republic Bank.

14.07 / 15:37

Citi Lowe's FIVE Digital CEO Strategy Citigroup Why Citigroup's shift to wealth management is a risky bet

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14.07 / 15:17

COST UPS JPMorgan Citigroup Chase Wells Fargo shares jump after Q2 results exceed estimates

Wells Fargo & Co. earned more net interest income than analysts expected in the second quarter and lifted its guidance for the full year as big U.S. banks continue to benefit from the Federal Reserve’s rate hikes.

14.07 / 15:17

UPS JPMorgan Citigroup Chase Deal JPMorgan posts record revenue on interest rates, First Republic deal

JPMorgan Chase & Co.’s revenue soared to a record in the second quarter, boosted by the Federal Reserve’s interest-rate hikes and its acquisition of First Republic Bank.

14.07 / 13:51

JPMorgan Citigroup Citi’s M&A fees tumble by 55% in ‘disappointing’ second quarter

Citigroup's advisory fees fell 55% in the second quarter as Wall Street banks continue to battle a drought in activity.

14.07 / 13:51

CEO Citigroup UBS Trading Places: A&O boss resigns, UBS names markets leaders, new Lord Mayor revealed

Allen & Overy managing partner Gareth Price resigned from the firm in a shock move ahead of its multibillion-dollar merger with US firm Shearman & Sterling. The law firm said on 13 July that Price had resigned “for personal reasons” after more than three years leading the firm.

14.07 / 12:47

COST Citi Lowe's CEO Citigroup Citigroup posts better-than-expected earnings and revenue, shares rise

Citigroup shares rose in premarket trading on Friday after the bank reported second-quarter earnings and revenue that topped expectations.

14.07 / 12:05

UPS JPMorgan Citigroup Chase BlackRock US stock market earnings season officially begins today

Beginning on July 14, when JPMorgan Chase, Citigroup, and Wells Fargo announce their quarterly report, the earnings season officially begins. According to market experts, the big lenders results may disappoint and end up below expectations. This reporting season is expected to reflect a worsening of the sector’s outlook and damage bank stocks.

14.07 / 11:33

CEO Citigroup Lee Citigroup hires Deutsche Bank’s Lee as UK CEO Bardrick steps down

Citigroup has hired a senior Deutsche Bank executive to lead its business in the UK as its long-serving chief executive in the country, James Bardrick, steps down after a decade in the role.

14.07 / 10:57

Target JPMorgan Citigroup Chase week Equities have performed their best since March this week

A rally in global stocks paused on Friday, though still on track for the best week since March, as earnings season in Europe and the US started to swing into gear.

14.07 / 03:11

Lowe's Citigroup NIFTY BlackRock Nikkei Indian US stocks Gift Nifty, Asian markets to rally in US stocks on cooling inflation - key global cues for Indian stock market

inflation data reinforced hopes that the Federal Reserve is approaching an interest-rate peak. In the US, data showed the producer price index climbed 0.1% in June, its smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. A separate report showed initial claims for state jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight.

13.07 / 19:59

UPS Target JPMorgan Action Citigroup UnitedHealth Bank earnings reports Bank earnings, UnitedHealth reports, consumer sentiment: 3 things to watch

Investing.com — Stocks rallied on Thursday after a second inflation gauge came up cooler than expected, stoking hopes that the Federal Reserve could be near the end of its interest rate increases.

13.07 / 14:17

Citigroup BlackRock goldman sachs Fidelity Investments Bitcoin Vanguard Greenpeace: Asset managers are 'ignoring' climate impact of bitcoin

Greenpeace said asset managers have failed to acknowledge the problem and take responsibility for «cleaning up» Bitcoin.

13.07 / 07:07

UPS Citi Extreme Strategy Pool Citigroup Citi to step up hiring at India in-house centres, says head HR Sara Wechter

Citi from a business standpoint and we will continue to grow our employee base at our solution centres in India,” Sara Wechter, Citi’s head of human resources, told ET’s Rica Bhattacharyya in an exclusive interview. Wechter, who is currently visiting India, said Citi’s ‘Solution Centres’ (CSC) in the country will hire at least 5,000 people in the next two years taking its total strength to more than 32,000. The US banking major, which recently exited its consumer banking business in India, will focus on areas of technology, engineering, analytics, AI, and risk, among others, as it expands its talent base at its captive units here.

12.07 / 18:13

Citi Provident JPMorgan Citigroup Chase SVB JPMorgan Chase announces layoffs

In a worker adjustment and retraining notification, or WARN, filed Tuesday, JPMorgan Chase revealed plans to terminate a number of positions in its Jersey City, New Jersey, branch.

12.07 / 08:09

CEO Citigroup Citigroup CEO Jane Fraser lays out AI plans

Citigroup has been working on AI projects for the past three years, its chief executive Jane Fraser said, as she laid out plans for how the Wall Street bank will embrace the technology.

12.07 / 04:35

COST UPS Gap Assurant Citigroup Critical mineral shortages to ease on investment surge, IEA Says

critical minerals are looking less likely to stymie the transition to a low-carbon economy, the International Energy Agency said in a new report tracking a surge of investment into the mining sector. Investment in the industry has jumped 50% over the past two years, driven chiefly by increases in lithium projects, and a host of newly announced projects indicates that supply is catching up with an anticipated boom in demand through to the end of the decade, the agency said in the report published Tuesday.

11.07 / 13:19

UPS Citi Citigroup foreign Foreign exchange Citigroup promotes Figueiredo to run global foreign exchange unit

Citigroup has promoted a long-serving executive to head up its foreign exchange business globally.

11.07 / 10:17

UPS JPMorgan Citigroup Parke dealmaking US banking giants to report higher profits even as dealmaking drags

By Nupur Anand, Niket Nishant and Saeed Azhar

11.07 / 05:21

Software Citigroup Citigroup’s European fintech head Mark Litz joins DC Advisory

Citigroup's head of fintech investment banking in Europe has been hired by Japanese bank DC Advisory in a senior role.

10.07 / 13:03

Manufacturing JPMorgan Platform Citigroup Enterprise WSJ Meta Platforms Meta Platforms, Icahn Enterprises, Fisker rise premarket; FMC falls

Investing.com — U.S. futures traded largely flat Monday, at the start of a week that includes the release of key inflation data. which could guide the Federal Reserve with its monetary policy, as well as the start of the new quarterly earnings season.

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