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The Latest Breaking News from Citigroup

Markets Today: Stock Indexes Climb as Banking Concerns Ease

Morning Markets March S&P 500 futures (ESM2 3) this morning are up +0.62%, and March Nasdaq 100 E-Mini futures (NQM2 3) are up +0.25%. U.S. stock index futures this morning are moderately higher as the prospect of additional support from U.S. authorities eased some concerns about liquidity at regional banks...

Barchart · Mar 27, 2023

'There were a couple of Tweets and then this thing went down': Citigroup CEO Jane Fraser says a social media bank run on SVB is a 'complete game changer'

Banking crises have happened before, but this may be the first one accelerated by mobile banking and social media.

Fortune · Mar 23, 2023

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.

Fortune · Mar 23, 2023

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European bank shares fall as crisis leaves mark

Banking shares have slipped in Europe as investors adjust to more challenging economic and lending conditions ahead.

The New Daily · Mar 23, 2023

"Pro-climate" banks funding fossil fuels

The disconnect between words and actions has outraged climate activists

Salon · Mar 22, 2023

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.

Capital & Main · Mar 21, 2023

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

The Independent UK · Mar 20, 2023

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Biggest US banks weigh rescuing First Republic as its shares tumble – report

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender

The Guardian - US · Mar 16, 2023

Bank of America has raked in $15 billion in new deposits after SVB collapse

Sources familiar with the matter say former Silicon Valley Bank customers are looking to put their money in the safest institution possible.

Fortune · Mar 15, 2023

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.

The Times of India · Mar 1, 2023

George Santos calls himself ‘simple minded’ and claims support from Kyrsten Sinema. She denies it

In an interview about his deceptions, the Republican congressman also claimed he spoke with the Arizona senator. Her office called that another lie

The Independent UK · Feb 11, 2023

George Santos admits fabricating work experience and calls Mitt Romney ‘racist’ in bizarre interview

Mr Santos said the Utah senator is ‘prejudiced against minorities’ but offered no evidence to support his claim

The Independent UK · Feb 10, 2023

How Wall Street’s fossil-fuel money pipeline undermines the fight to save the planet

Big banks and investment firms have joined the ranks of companies making "net-zero" pledges. But their huge stakes in oil and gas projects are undermining their climate promises.

Fortune · Feb 2, 2023

Citigroup wealth unit halts margin loans on Gautam Adani securities

Citigroup Inc’s wealth arm has stopped accepting securities of Gautam Adani’s group of firms as collateral for margin loans as banks ramp up scrutiny of the Indian tycoon’s finances following allegations of fraud by short seller Hindenburg Research.

The Times of India · Feb 2, 2023

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The News Lens · Jan 31, 2023

How China’s Yuan Props up Putin’s Anemic Budget

Russia has started selling its growing reserves of the Chinese currency to fill a budget deficit caused by falling oil and gas revenues and the costs of war.

Salon · Jan 16, 2023

Are voters stuck with George Santos?

The newly elected fabulist's web of lies won't necessarily get him ejected, but it raises ethical concerns

Axios · Jan 13, 2023

These major banks see a "mild recession" coming in 2023

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.

The Conversation · Jan 13, 2023

Voters have few options to remove George Santos from Congress – aside from waiting until the next election

There are mounting calls from both politicians and voters to force the newly elected apparent fabulist U.S. Rep. George Santos from Congress following revelations he fabricated his background and other details of his life.

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Fortune · Jan 13, 2023

Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year

Wall Street banks are building cash reserves to cope with a “mild recession.” It’s a more optimistic outlook than some CEOs have previously offered.

Salon · Jan 5, 2023

The GOP war on green investing

From the U.S. House to state governments, the GOP takes aim at pro-climate finance strategies

Fortune · Jan 4, 2023

Crypto took such a beating in 2022 that U.S. regulators have teamed up for the first time to sound the alarm to banks

Deutsche Bank, Wells Fargo, Citigroup and Bank of America have all invested in crypto staffing divisions in recent years.

Zenger · Jan 4, 2023

Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report

Banking giant Citigroup considered partnering with Alameda Research, now-bankrupt crypto trading firm, to launch a crypto lending.

The Times of India · Jan 3, 2023

China’s economy ends year in slump as Covid infections surge

China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country.

Daily Mirror · Dec 28, 2022

New congressman admits lying about background and pretending to be 'Jew-ish'

Republican rep for New York, George Santos, admitted "sins" of "embellishing" his resume and that his false claim of being Jewish was due to a tenuous maternal link, which he refered to as being "Jew-ish"

The New Daily · Dec 28, 2022

Newly elected US congressman admits his life story is all made up

From his education, to his heritage, George Santos has admitted he "embellished" during his successful campaign.

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