Citigroup Financial News

15.02 / 12:21

Blockchain Citi Digital Citigroup Simulation show testing Citi hails private fund tokenization pilot as a success

Citigroup Inc. has carried out a simulation which shows how a private equity fund can be tokenized on a blockchain network, potentially paving the way for greater adoption of distributed ledger technology on Wall Street.

13.02 / 18:03

Citi Reuters CEO JPMorgan Citigroup Trade International regulatory Citi may need to refocus on regulatory fixes amid restructuring, analysts say

(Reuters) — Citigroup may need to prioritize fixing regulatory issues amid its global reorganization efforts, analysts at J.P.Morgan wrote in a note.

12.02 / 09:47

markets Citigroup Trade reports Tod's stock surges on L Catterton's $1.5 billion buyout bid

Shares of Tod's SpA (TDPAY) surged more than 17% in Milan after the founding family of the luxury shoemaker reportedly joined forces with L Catterton, a private equity firm, in a renewed effort to take it private.

09.02 / 17:57

Citigroup companies Bank of America People moves Citigroup London wealth division faces 10% job cuts - reports

The memo to staff seen by Bloomberg noted that the cuts would include 21 roles in the firm’s private bank division.

09.02 / 11:30

COST UPS Citi Citigroup Solomonic WSJ reports Morning Coffee: The Citigroup cost-cutter encouraging people to stop managing-up. Goldman Sachs' partner party is coming

Andy Sieg, the newish head of wealth management at Citigroup, looks a little older than his 56 years. This might be because managing wealth managers is a stressful business, and he oversaw 25,000 of them at Merrill Lynch before joining Citi last September. Or it might be because he is wise.

30.01 / 12:45

Action Citigroup reports recommendations Equality Morgan Stanley is betting US bank capital rules will ease

Morgan Stanley analysts are turning bullish on major US banks on expectations that pending regulatory changes for higher capital levels will be less onerous than the current proposal, opening the door for an increase in buybacks.

25.01 / 17:09

markets Provident Strategy Citigroup wellness trends Oil Markets React: Prices Climb Amid Global Tensions

Quiver Quantitative — As we navigate through the early months of the year, the oil market is exhibiting a cautious upward trend, with Brent crude closing above $80 a barrel for the first time this year. This subtle yet notable shift in oil prices, while seemingly a positive signal for oil bulls, warrants a closer examination of the underlying factors and their implications. Citigroup © has raised concerns that prices may surge to $90 if Middle East tensions lead to significant disruptions.

25.01 / 04:11

markets JPMorgan Compilation Pool Citigroup Enterprise wellness Top banker pay sinks below $1 million in Asia as bonuses vanish

Wall Street firms in Asia dropped to the lowest level in almost two decades, according to people familiar with the matter, as a dearth of deals in China and Hong Kong hammered the industry. Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium, the people said, asking not to be identified discussing private matters. At least 20 percent of managing directors at banks including Morgan Stanley and UBS Group AG, received no bonuses last year, the people said.

23.01 / 17:12

Citi Sustainability Citigroup Nikkei trends cover Citi sees profit-taking risks as Nasdaq futures positioning nears 3-year highs

Citigroup equity strategists noted that bullish Nasdaq 100 futures flows are becoming increasingly extended in terms of positioning and profits, raising concerns about potential profit-taking risks.

22.01 / 13:11

Citi Digital Citigroup IBM MSFT Microsoft the go-to vendor for CIOs considering a GenAI partner - Citi

According to analysts at Citigroup on Monday, Microsoft (NASDAQ:MSFT) is still the top vendor that CIOs are considering as a generative artificial intelligence (AI) partner, «far ahead» of Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN).

22.01 / 02:39

Waves JPMorgan Fighting Align Citigroup BlackRock show Wall Street adopts new defense against attacks on ESG

Climate alliances backed by Wall Street heavyweights have struck upon a subtle way to blunt increasingly aggressive attacks by the GOP.

19.01 / 12:17

Reuters CEO Citigroup Browser Research Podcasts Updates Citigroup lays off more bosses as CEO Fraser addresses managing directors -sources

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17.01 / 23:59

Citi CEO Citigroup Trade reports Citigroup equities execs leaving as reorganization continues, sources say

By Tatiana Bautzer

17.01 / 02:07

UPS Citi CEO Citigroup information reports NOT Citigroup's 20,000 job cuts are not what you think

If you've been keeping abreast of recent events at Citigroup, you will know that the bank is cutting 20,000 jobs. You will also know that it's already informed London employees that cuts are coming, starting next week. But do not be deceived into thinking that you know everything.

17.01 / 02:07

markets UPS Citi FIVE Digital Citigroup Citi MD who spent five years planning his exit is living his best life

As Citigroup prepares to make another round of job cuts, focused on staff in managerial roles, one former managing director there is having a fine timing living in Cornwall.

14.01 / 12:39

markets UPS Citigroup JPM show information recommendations Q4 Q4 Earnings Season Kicks Off: Which Bank to Bet on Ahead of Tomorrow's Results?

Earnings season is set to kick off with results from some of America's biggest banks, including JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) — due tomorrow before the market opens.

13.01 / 01:11

markets COST Citi Google CEO Citigroup reports Q4 Slash Citigroup plans to slash 20,000 jobs over next two years due to ‘disappointing’ Q4 results

Discord announces workforce reduction of 17%, will layoff 170 employees During the last week of January, Citi is likely to announce more organisational changes. "Efforts to simplify its structure will be largely completed this quarter, saving $1 billion and eliminating about 5,000 mostly managerial roles," CEO Jane Fraser said. The job cuts could cost as much as $1.8 billion, Citigroup said but will save $2.5 billion a year by 2026.

13.01 / 00:27

COST Booking CEO Citigroup wellness performer 2024 Wells Fargo warns of lower interest income in 2024, shares drop

By Noor Zainab Hussain, Manya Saini and Carolina Mandl

12.01 / 20:33

markets UPS JPMorgan Citigroup wellness reports Big Four U.S. bank giants rake in $250-billion interest haul, say 2023 was the peak

On Friday morning, leaders at some of Wall Street’s biggest banks took turns calling an end to the record run for their biggest source of revenue.

12.01 / 18:59

UPS JPMorgan Citigroup wellness trends reports US banking giants shed over 17,000 employees in turbulent year

By Niket Nishant and Manya Saini

12.01 / 17:07

markets UPS JPMorgan economy Citigroup wellness JPMorgan posts record net interest income

JPMorgan Chase & Co. closed out the most profitable year in US banking history with its seventh consecutive quarter of record net interest income and a surprise forecast that the windfall may continue this year.

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