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The Latest Breaking News from Citi

Citigroup to cut 20,000 jobs after steep quarterly loss

JPMorgan Chase posts record annual profit as earnings season gets under way

The Guardian - US

Banking giant Citi could cut hundreds of London jobs as it aims to reduce headcount by 20,000

It comes as the firm reported a $1.8 billion loss for 2023

Evening Standard

A rare Netflix skeptic on Wall Street says it fails the grandmother test: The winner of the streaming wars will have to do too much to stay on top

Citi's Jason Bazinet downgraded Netflix because of its narrative. "If you can explain a story in two lines to your grandmother, that will get a higher multiple"

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Frequent American Airlines flyers can earn miles and get lounge access with this premium rewards card

This card comes with a free Admirals Club® membership, which is valued at $850 alone.

Fortune

American Airlines boarding groups: What to know (and how to upgrade)

Wondering how to upgrade your boarding group the next time you travel with American Airlines? Here are four methods to ensure you board more quickly.

Fortune

Will Broadcom Stock Hit $1,200 Per Share Next Year?

Dividend-paying semiconductor stock Broadcom offers steady investment income, plus the prospect of rapid AI growth. Are analysts lowballing this mega-cap chip stock?

Barchart

Despite Historic Pay Discrimination Settlement, Little Has Changed for Women on Wall Street

The $215 million deal made headlines, but the industry pay gap persists, along with new cases of sexual harassment.

Capital & Main

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Citi's Mexico Unit Eyes Independence by 2024: Local Reports

Citi's Mexico branch prepares to bid adieu and branch out solo by 2024-end, opening a gripping chapter in global banking - reports local media.

Top News

Citigroup used a London banker as ‘scapegoat’ in $45m failure—now he wants to return to work for the bank after winning an unfair dismissal lawsuit

Ian Weir was fired by the bank in 2021 but his lawyers argued he was used as a "scapegoat" in a "cleaning house" operation.

Fortune

How to cancel your credit card

The length of your credit history counts for 15% of your credit score so consider how closing your credit card will affect your score.

Fortune

Is A Recession Looming? Two Big Bank CEOs See It That Way

Recession is likely, Citi's CEO told a Senate panel today, a sentiment echoed by JP Morgan's chief executive last week.

Kiplinger

Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers

The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.

Fortune

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Members of Navy Federal CU have exclusive access to this lucrative cash back card

Joining Navy Fed gets you access to this card that pays up to 1.75% on all purchases with no limits.

Fortune

Unique 3% cash-back categories for flexible spending

The Bank of America Customized Cash Rewards card offers flexible 3% cash-back categories plus up to 75% more rewards for BofA Preferred Rewards members.

Fortune

TD Cash Credit Card: Cardholders can personalize their spending categories to increase their rewards potential

The TD Cash Credit Card is a $0 annual fee card that allows cardholders to choose a spending category to earn 3% and 2% cash back every quarter.

Fortune

How to talk about a war at work: Sometimes the bravest stance is not taking a stance

In a divided, violent world, leaders’ humility, willingness to listen, and core values are what matter most.

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Fortune

Want 2% or more back on every purchase? A cash back credit card can help

Cash back credit cards can be an excellent way for responsible card holders to save a bit of money on purchases, but how do they work? Learn more here.

Kiplinger

Online Lender Enova Banned From Offering Short-Term Loans

Enova has agreed to pay a $15 million fine to settle charges, including illegally withdrawing funds from consumer bank accounts, the CFPB says.

Creative Bloq

"They all started laughing because they couldn't believe the logo actually came from that first dumb sketch," Paula Scher on creating visual identities

The Pentagram partner explains her design process, which starts with a simple sketch...

Fortune

Best travel credit cards of 2024

We analyzed more than 50 cards to find the best travel credit cards.

Fortune

Wells Fargo Autograph Visa Card review: A travel rewards card for the budget-conscious consumer

Our comprehensive review of the Wells Autograph Card’s benefits, welcome bonus and how it compares against competitors.

Fortune

U.S. Bank Shopper Cash Rewards™ Visa Signature® Card: Major cash back at your favorite stores and no annual fee the first year

Earn rewards in rotating categories each quarter and flat-rate cash back all year round.

Kiplinger

Citi Fined For Denying Credit Cards To Armenian Americans

Citi to pay $25.9 million for discrimination issues including lying to Armenian Americans about why they were denied credit cards, CFPB says.

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