Citigroup Financial News

12.04 / 13:37

markets COST Citi Citigroup Trade performer reports Citi Q1 Results: Profit drops as costs rise for employee severance, deposit insurance

Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per share, a year earlier. «Last month marked the end to the organizational simplification we announced in September,» CEO Jane Fraser said in a statement. «The result is a cleaner, simpler management structure that fully aligns to and facilitates our strategy.» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-articl

12.04 / 12:07

COST Target CEO Citigroup reports Updates Citigroup earnings are out – Here are the numbers

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12.04 / 09:23

COST economy Citigroup Boeing Invesco trends IMF managing director warns central banks to 'resist' calls for early rate cuts

Speaking at the Atlantic Council, Kristalina Georgieva said high inflation across advanced economies was «not fully defeated» and could require a longer wait before reducing borrowing costs. She said major economies have, generally, seen inflation trend downwards in recent months, which she expects to continue in 2024, «creating the conditions for major advanced economy central banks to begin cutting rates in the second half of the year». Invesco and Citigroup tout May BoE cut but central bank consensus eludes economists But she heeded that the «pace and timing of the monetary pivo...

10.04 / 16:17

markets UPS JPMorgan Citigroup Trade cover reports Banks strike back against private credit

When it comes to financing deals, don’t count out the big Wall Street banks quite yet. A big narrative in recent years has been that America’s biggest deposit-taking investment banks are losing ground to their nonbank rivals, the likes of Blackstone and Apollo Global. One worry for banks was that private credit—meaning, in this context, lending directly to businesses by alternative-asset fund managers, insurers and others—was going to eat into investment banks’ business originating loans and distributing them to investors.

10.04 / 02:59

markets JPMorgan Citigroup wellness Bill Cycling reports inflation data S&P 500 ends slightly higher as markets brace for inflation data, earnings

Wednesday's hotly anticipated Consumer Price Index (CPI) is at the top of most investors' minds as they tweak expectations on the timing and extent of the Federal Reserve's rate-cutting phase, following robust economic data such as last Friday's blockbuster employment report.

09.04 / 15:35

Provident Strategy Sustainability Citigroup social reports BMO dropped anti-coal policy, avoiding energy 'boycotter' label in West Virginia

BMO Bank, the U.S. subsidiary of Bank of Montreal, quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labelled an energy “boycotter” in West Virginia.

09.04 / 00:03

Citi Provident JPMorgan Citigroup BlackRock wellness social West Virginia bars TD, HSBC, Citi, Northern Trust from banking contracts over ESG policies

West Virginia’s treasurer announced that he is restricting four financial services firms from providing state banking services because he says they “boycott” the fossil fuels industry.

08.04 / 14:59

Target JPMorgan Citigroup Nov wellness reports Department This Week: Consumer prices, Fed meeting minutes and earnings reports from several big banks

The Labor Department releases its March report on prices at the consumer level Wednesday

08.04 / 08:17

Citigroup WhatsApp Trade show performer ZALANDO European stocks kick-start week on tepid note; ECB policy meet in focus

European Central Bank policy decision later in the week. The continent-wide STOXX 600 index was trading flat by 0713 GMT on Monday.

06.04 / 12:23

UPS Citi Citigroup Opinion Healthcare Inside Citigroup bankers might be interested in BCG's guide to the best jobs of 2027

As Citigroup goes through the process of extracting 20,000 jobs, it's been given a steer by Boston Consulting Group (BCG), whom insiders say has spent the past six months or so examining slides and organization charts assembled by current employees and deciding who is superfluous.

06.04 / 12:23

UPS Citi Booking Citigroup Trade love "Gary Stevenson was loved and nurtured at Citigroup. His comments are hurtful"

I worked with Gary Stevenson, the ex-Citigroup trader, YouTube anti-inequality campaigner and author who now claims he was the best trader in the world and who spends his time campaigning for a wealth tax. Like many of Gary's other former colleagues, I don't recognise the world he portrays in his book

06.04 / 12:23

UPS Citi Reuters Career Citigroup reports Edward Ruff, 40 year-old Citigroup MD accused of shouting at juniors, had a rough start

It's been a rough few months for Edward Ruff, a 40-year-old managing director at Citigroup in New York.

02.04 / 03:41

IPO Platform security Citigroup Reddit wellness reports Microsoft-Backed Rubrik Files for IPO: Revenue grows to $628 million, losses widen to $354 million

Goldman Sachs Group Inc., Barclays Plc, Citigroup Inc. and Wells Fargo & Co., according to Monday’s filing with the US Securities and Exchange Commission, confirming a Bloomberg News report. The company plans to list its shares on the New York Stock Exchange under the symbol RBRK.

27.03 / 18:27

COST Citigroup Justice Courts Investigations Scandals Financial A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashed

27.03 / 04:27

Target Mobile Sustainability Citigroup Opinion trends recommendations Hot Stocks: Brokerage view on RIL, Coal India, MGL and ABB India

RIL), while Citigroup recommended a neutral rating on Coal India and upgraded MGL to neutral. UBS maintained a buy rating on ABB India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

26.03 / 12:21

UPS Citi JPMorgan Citigroup Trade show reports Morning Coffee: JPMorgan's top high yield trader made a huge loss at a hedge fund. Citigroup's other ranking of female graduates

As we noted last week, the signature move for traders in 2024 might not be to leave a bank for a hedge fund, but to go the other way. Ben Hutson did it at Barclays, and now maybe Bhavit Sawjani will be doing something similar at JPMorgan.

26.03 / 12:21

UPS Citi Reuters Citigroup Trade stage reports Morning Coffee: Citigroup is on a mission to cut a lot of jobs this week. Top Barclays trader leaves after bonus complaints

It's Easter week for Christians and Ramadan for Muslims and Holi for Hindus, but Citigroup has less ethereal things on its collective mind. Having promised to finish the first stage of its 20,000 job cuts in the first quarter of 2024, it seems to be under a bit of pressure to finish them off.

25.03 / 21:37

Citi Reuters CEO Citigroup wellness performer Citigroup to end sweeping overhaul this week after 5,000 layoffs

By Tatiana Bautzer, Lananh Nguyen and Manya Saini

24.03 / 07:59

UPS FIVE Citigroup Trade Discrimination Interviews Investigations How Citigroup's New York unit became a picture of persistent harassment, discrimination and drugs

Citigroup Inc. were partying with clients one night in May 2018 at a downtown Manhattan hot spot called Catch. One of them, a recent college grad, had landed in the equities division for her two-year rotational program at the bank and had brought her roommate along to the party.

22.03 / 07:15

UPS Provident BLOCK security Citigroup reports stake BAT’s stake sale in ITC to trigger $50 million inflows as Sensex adjustment comes into effect: Nuvama

ITC's weight will go up in the S&P BSE Sensex, resulting in likely inflows of $50 million, according to estimates by Nuvama. Today, Sensex will adjust ITC's free float factor as a result of British American Tobacco's (BAT) 3.5% stake sale in the company. Meanwhile, the adjustment on Nifty will be done during the rejig exercise on March 27. Nuvama anticipates a $70 million inflow.

18.03 / 13:09

markets UPS Citigroup BlackBerry reports rights Why Dalal Street’s one-time darlings are struggling to keep the romance going

Mint. “Newcomers or smaller players tend to take away market share from them. There is also a danger of disruptive technology which can completely unseat leaders, like what happened with Kodak, Blackberry etc.," she added.

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