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The Latest Breaking News from Citigroup

Citigroup Shuts Down Municipal Underwriting Unit: Memo

Citigroup's thrilling chapter takes a twist - the banking giant writes its finale for their municipal underwriting unit; an intriguing corporate move!

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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

Stocks Climb as Strength in Chip Stocks Leads the Broader Market Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.85%. Stocks on Monday posted moderate gains, with the S&P...

Barchart

Stocks Push Higher on Strength in Chip Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.43%. Stocks this morning are modestly higher, with the Dow...

Barchart

Big Bank CEOs Testify Against Basel III Endgame Before Senate Committee

The CEOs of eight top banks visited Capitol Hill on Wednesday to testify against Basel III Endgame, the final stages of regulations in the works for 15 years.

International Business Times

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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

Stocks Mixed as Weak ADP Report Bolsters the Outlook for Fed Rate Cuts

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. Stocks are mixed after a smaller-than-expected increase in Nov...

Barchart

Spotify faces the music after Daniel Ek wields the layoff axe—but is it smart cost-cutting or the beginning of a spiral?

Tight margins, fights with Big Tech, and an uncertain business model likely won’t be solved by the group’s cull of 1,500 workers.

Fortune

Stocks Climb as Weak ADP Report Bolsters the Outlook for Fed Rate Cuts

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.10%. Stocks this morning are moderately higher, with the Dow...

Barchart

How George Santos responded to being fact-checked on 14 of his biggest lies

Republican congressman, who was expelled from Congress, had an ability to evade when called out for factual inaccuracies

The Guardian - US

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.

Fortune

Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million

Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday

The Independent UK

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Fortune

Merit-based flexibility could be the future of work as return-to-office mandates fail to prop up productivity

In this framework, employees are empowered to earn their autonomy, creating a direct correlation between their output and their work flexibility.

Barchart

Markets Today: Stocks Slightly Higher Ahead of Comments from Fed Chair Powell

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.06%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.01%. Stock index futures this morning are slightly higher. Some positive corporate news today is lifting stock index futures along with a decline in global bond yields. The...

Fortune

Citigroup boss Jane Fraser’s ‘Project Bora Bora’ could reportedly see 10% of staff laid off at the Wall Street giant

The banking titan could lay off thousands of staffers.

Fortune

How Citi threaded the Israel-Gaza needle

Unpacking the CEO's approach.

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Fortune

Earnings season kicks off with a stark warning from JPMorgan CEO Jamie Dimon

JPMorgan Chase, Citigroup, and Wells Fargo turned in strong results for the third quarter, but geopolitics is now top of mind.

Barchart

What to Do As Big Bank Profits Translate Into Unusual Options Activity

Wells Fargo, JPMorgan Chase, and Citigroup all reported good earnings Friday before the open. All of their prices are up more than 3% in midday trading. Today’s strong results are providing unusual options activity in the banking sector. Here’s how to play it.

Barchart

Markets Today: Stocks Mixed on Geopolitical Concerns and Strong Bank Earnings Results

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.16%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.08%. Stock index futures this morning are mixed. Strength in bank stocks in pre-market trading is providing support for the overall market after Citigroup, JPMorgan Chase, and...

StockNews.com

Evaluating Investment Opportunities in PNC Financial Services (PNC) and Citigroup (C) Ahead of Earnings

The PNC Financial Services (PNC) and Citigroup (C) are scheduled to release their third-quarter earnings soon. In this piece, I discussed whether investing in these two stocks would be worth it before they report their numbers. Read on….

Barchart

Markets Today: Stocks Slip as Bond Yields Climb on U.S. Labor Market Strength

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.39%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.34%. Stock index futures this morning are moderately lower. A smaller-than-expected increase in weekly initial unemployment claims signals labor market strength that nudged bond yields higher and...

Fortune

'Cracks' are starting to appear in consumer spending, warns Citigroup CEO Jane Fraser

Citigroup CEO Jane Fraser said "cracks" are beginning to appear in lower-end consumer's spending habits.

Zenger

Amazon Faces Antitrust Lawsuit Over Monopolistic Practices

FTC and 17 state governments accuse e-commerce giant of inhibiting competition and employing anti-competitive tactics.

1 … 18 19 20 21

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