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The Latest Breaking News from Jane Fraser

Citi moves infrastructure to Google Cloud as part of broader AI push

Citigroup's financial infrastructure powers much of the global economy, but is difficult to upgrade. A move to Google Cloud announced today could change that.

Fortune

Should You Buy This Dividend Stock with Almost 4% Yield That Could Double in Value?

Citigroup stock has a forward dividend yield of 4%. Wells Fargo believes that the stock could double over the next two and a half years as the company's CEO Jane Fraser tries to turn around the lender.

Barchart

4 reasons the CEO of ‘laughingstock’ Citi is suddenly laughing all the way to the bank

America’s largest banks are destroying the S&P 500, beating it by an average of 67%, but the perennial underperformer Citi is now leading the way.

Fortune

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Citigroup Reports Q2 Earnings: Buy, Sell or Hold?

Citigroup stock is down despite reporting second-quarter earnings results that topped analysts’ expectations. Here’s what you need to know.

Kiplinger

Mixed Profits At US Banks Amid Weaker Signs From Low-income Customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

International Business Times

Citigroup Fined $136M Over Long-Standing Internal Control, Risk Managment Issues

The fines were levied by the Federal Reserve and the Office of the Comptroller of the Currency (OCC).

International Business Times

Citigroup Fined 5.6M For Internal Control Issues

Citigroup faces regulatory fines for internal control issues, impacting CEO's efforts to streamline operations.

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This Cheap Warren Buffett Stock Pays a Fat Dividend, But Should You Invest?

Warren Buffett's Berkshire Hathaway added Citigroup shares in 2022. Is this banking stock a buy for its cheap valuations and high dividend yield?

Barchart

Morgan Stanley says ‘crown jewel’ of Citi is worth half the bank’s value

After attending an investors day at Citi, Morgan Stanley analysts valued the bank's services segment at $56 billion.

Fortune

30 Most Powerful Women In Business: The Titans Of Industry

Here are the women, who are forging paths and breaking barriers across industries, showcasing exceptional leadership and innovation.

International Business Times

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

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

Big bank CEOs warn that new regulations may severely impact economy

The heads of the nation’s biggest banks say there are reasons to be concerned about the health of U.S. consumers _ particularly poor and low-income borrowers _ in their annual appearance in front of Congress on Wednesday

The Independent UK

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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.

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.

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

Bank of America warned consumers they would be pushed to the 'point of pain', CEO Brian Moynihan says we've now reached that point

Brian Moynihan, the CEO of Bank of America, said although consumers are buying less, some families are beginning to spend more than they're bringing in.

Fortune

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

LVMH CEO Bernard Arnault has seen his wealth overtaken by that of Amazon founder Jeff Bezos.

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.

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.

Fortune

Wall Street's most powerful woman has a brutal message for staff resisting the company's overhaul

Jane Fraser reportedly told staff if they're not on board with her plan, they need to get off her proverbial train.

Barchart

2 Undervalued Dividend Stocks with 5% Yields To Buy Near 52-Week Lows

Shares of Pfizer and Citigroup are languishing near their 52-week lows. However, both stocks offer dividend yields in excess of 5%, and investors might want to buy these two undervalued income plays at current levels.

Fortune

Morgan Stanley debuts a new tool for employees: an AI assistant to answer common investing and personal finance queries

The AI is intended to help advisors do better, and not replace them, according to Morgan Stanley Wealth Management.

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