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The Latest Breaking News from Citi

How social goals are key to business growth

Companies are discovering how achieving social impact and making money can go hand in hand.

Fortune

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

Fortune

'Worst is over', Citi official says as bank looks to increase staff in Hong Kong

Citigroup, the biggest foreign lender in Hong Kong, will increase staff at its commercial banking unit in the city by 100 to tap growing opportunities in the Greater Bay Area, according to a senior executive.

Bangkok Post

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read the most diverse news in one place.

The $100 billion meltdown of First Republic could play out 3 ways—and 2 are terrible for shareholders

The once high-flying bank has seen shareholders flee as concern mounts that the FDIC may have to step in.

Fortune

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

Financial Times

Climate protesters call out US banks for funding fossil fuel projects

Offices of Citibank in New York and Wells Fargo in San Francisco targeted by activists urging shareholders to act

The Guardian - US

Why Europe’s stock markets are failing to challenge the US

In the second part of a series, the European dream of building bourses to rival those in America faces practical, political and cultural obstacles

Financial Times

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Trudeau, Macron set for Global Citizen NOW conference in NYC

Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, and European Commission President Ursula von der Leyen will join business, political and philanthropic leaders, as well as celebrities, including Hugh Jackman and John Legend, for this year’s edition of the Global Citizen NOW conference in New York City starting April…

The Independent UK

1 Pharma Stock You'll Regret Not Buying Earlier

The long-term prospects of Merck (MRK) look bright due to its latest acquisitions and solid drug pipeline. Therefore, investing in this stock could help generate substantial returns in the long run. Keep reading….

StockNews.com

The 10 best personal loans for April 2023

We compared personal loans across 17 financial institutions and weighed loan amounts, terms, associated fees, customer service options, and more.

Fortune

S&P Futures Muted as Investors Await Key U.S. Payrolls Data, Recession Fears Intensify

June S&P 500 futures (ESM23) are trending down -0.08% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession, while investor focus shifted to key Friday’s U.S.…

Barchart

S&P Futures Tick Lower as Recession Fears Intensify

June S&P 500 futures (ESM23) are trending down -0.22% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession.

Barchart

Belfast Council and Citi Bank team up for employment academy

There will be info sessions on the academy on Tuesday April 18 at the Maldron Hotel

Belfast Live

'We view this as an irrational market,' Citigroup analysts worry that major bank stocks like Deutsche Bank are cratering for psychological reasons

Citi really fears the "knock-on impact from various media headlines on depositors psychologically," regardless of whether the initial reasoning was correct.

Fortune

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news in one place.

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Fortune

Citi boss blames banking crisis on a few black sheep: ‘This is not a credit crisis’

Silicon Valley Bank and Credit Suisse only really have themselves to blame for their collapse, argued the native Scot.

WEKU

Climate activists target nation's big banks, urging divestment from fossil fuels

Across the U.S. on Tuesday, people gathered outside major banks demanding that financial institutions shift away from investing in fossil fuel projects.

Capital & Main

Banks Promote Climate Pledges But Keep Increasing Their Financing of Fossil Fuel Production

National day of protest will target JPMorgan Chase, Citigroup, Bank of America and Wells Fargo as new U.N. report warns of catastrophic climate impacts.

The Independent UK

Pay transparency is spreading. Here's what you need to know

More employers are posting salary bands for job postings, even in states where it’s not mandated by law

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news in one place.

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Fortune

How Fortune 500 companies are supporting employees amid financial instability

Financial wellness benefits have become popular as employers focus on retention.

The Guardian - US

US banks are sacrificing poor communities to the climate crisis

It took decades to force banks to abandon racist redlining. We don’t have decades to avert catastrophic climate crisis

StockNews.com

The 3 Best Large-Cap Stocks to Buy in 2023

The Fed’s commitment to tame the high inflation with interest rate hikes might trigger a recession this year. Given the macroeconomic uncertainties, fundamentally sound large-cap stocks, UnitedHealth Group (UNH), Walmart (WMT) and Cisco Systems (CSCO) might be ideal investments now. Keep reading.

StockNews.com

2 Dividend Stocks You Can Buy for Under $200 in 2023

With sky-high inflation and the tight labor market, the Fed is anticipated to launch further rate hikes. As the market is likely to remain volatile, reliable dividend-paying stocks, Walmart (WMT) and Boyd Gaming (BYD) could be ideal buys. These stocks are trading under $200. Keep reading.

The Guardian - UK

I paid £70,000 to fraudsters – can Santander help?

Scammers posed as Citibank agents and convinced me to buy a high-return investment bond

StockNews.com

3 Dow Stocks to Go All In on This Year

As inflation climbed higher than economists’ anticipation, equities signal extreme volatility and dashing hopes of a Fed pivot. With the likelihood of a downturn in upcoming months, adding more of fundamentally sound Dow stocks Walmart (WMT), Cisco Systems (CSCO), and McDonald's (MCD) could help garner significant returns. Keep reading….

The Times of India

Axis Bank completes acquisition of Citi's India consumer business in Rs 11,603-crore deal

NEW DELHI: Private sector lender Axis Bank on Wednesday announced that it has completed acquisition of Citibank's consumer business and non-banking financial company (NBFC) consumer business.

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