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The Latest Breaking News from Citi

Citi's $81 trillion mixup underscores the risks of manual accounting

"Human error is inevitable," says an accounting expert.

Fortune

Bank error in your favor: Citigroup admits it mistakenly credited a customer $81 trillion - instead of $280.00

The bank had 10 ‘near misses’ last year of at least $1 billion, according to a report

The Independent UK

Citigroup's $81 trillion mistake is a warning sign 'that operational risk is still a ticking time bomb in banking,' expert says

It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead of $280.

Fortune

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read the most diverse news in one place.

Citigroup makes $81 trillion mistake

The bank reversed the mistake several hours after making it

Salon

Citigroup credited client’s account with $81tn before error spotted

US bank meant to send $280 but no funds were transferred despite ‘fat finger’ mistake

The Guardian - UK

Surprising news hits Nvidia stock price

Here’s what could be next for Nvidia stock.

The Street

AppLovin Stock Drops As Bulls, Bears Debate Its Valuation

AppLovin stock has whipsawed in the past week, surging on quarterly earnings then tumbling on a negative report and rising competition.

Investors Business Daily

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UK regulator fines four banks £100m over traders’ sharing of information

HSBC, Citi and Morgan Stanley among five banks CMA investigated for competition law breaches between 2009 and 2013

The Guardian - UK

Banks fined £100m after traders shared sensitive information in chat rooms

For four years after the financial crisis bank staff were sharing information about the Government debt they were buying and selling, regulators said.

Evening Standard

Four banks fined £100m over chat room messages

HSBC, Citi, Royal Bank of Canada and Morgan Stanley were all fined, while Deutsche Bank received immunity for reporting its conduct to authorities

The Independent UK

Four major City banks fined more than £100 million by watchdog

CMA investigation found that traders were sharing information about the gilts market in chat rooms

Evening Standard

Should You Buy This Cheap Turnaround Stock Now?

Nike trades at less than half of its 2021 high as it battles multiple headwinds. The stock looks quite attractive for someone willing to take a long-term view and bet on the company’s turnaround.

Barchart

Carrying high-interest debt? Here’s when to consider a balance transfer—and when you shouldn’t

Running the numbers showed that a balance transfer card was right for me, but that’s not the case for everyone. Here’s what you should know.

Fortune

Warren Buffett’s $1.24 billion bet on Modelo maker is 'perfect example of value investing'

Citi's lead beverages analyst Filippo Falorni views Berkshire Hathaway's investment as "a perfect example of value investing."

Fortune

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Barchart

Warren Buffett Sold This High-Yield Dividend Stock. Should You?

Berkshire Hathaway sold over two-thirds of its Citi stake in Q4.

Investors Business Daily

Coinbase Clears Earnings Estimates, Revenue Spikes 138%

Coinbase posts triple-digit earnings, revenue gains to crush Q4 expectations. COIN stock rebounds above key moving average.

Barchart

Dear Nvidia Stock Fans, Mark Your Calendars for February 26

With earnings day approaching, Nvidia fans await Feb. 26 to see if Wall Street’s optimism holds strong or if the rally has truly lost steam amid fresh competition.

The Street

Analyst reboots Nvidia's stock price target ahead of earnings

This is what could happen next to Nvidia shares.

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news in one place.

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Investors Business Daily

VeriSign, Warren Buffett's Internet Stock Bet, Breaks Out

VeriSign earnings met views as new domain name registrations rose. VeriSign stock, a Warren Buffett holding, fell in late trading.

Investors Business Daily

IBD Stock Of The Day CRH Scores Breakout On Stake Sale

Construction materials supplier CRH cleared a buy point Thursday after announcing plans to unload its stake in SigmaRoc.

The Street

Veteran analyst who predicted Palantir rally reset stock price target after earnings

The Wall Street trader gives his take on the AI software giant's quarterly results.

The Street

Analysts reset Apple stock price targets amid earnings, Trump tariffs

Here’s what could be next for the iPhone maker.

Fortune

Citi’s Jane Fraser is bucking the RTO trend

CEO Jane Fraser is maintaining a hybrid work policy and positioning the bank's flexibility as a competitive recruitment advantage.

The Guardian - UK

Citigroup commits to hybrid working, bucking Wall Street trend

Managers told letting most staff continue to work up to two days from home will give bank competitive advantage

The Street

Analysts reset AbbVie stock price target after earnings

Here’s what could be next for the biopharma stock.

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