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The Latest Breaking News from Jane Fraser

Bankers warn of toll on US consumers from prolonged inflation

New York (AFP) - Higher interest rates and grinding inflation are likely to begin taking a higher toll on US consumers who have so far mostly managed to remain in healthy financial shape, bank CEOs told a congressional panel Wednesday.

AFP

US bank results highlight risk and resiliency

New York (AFP) - Despite mounting worries over inflation, just-released bank earnings painted a resilient picture of the US economy and consumer, generating talk that any recession might be milder than earlier downturns.

AFP

Citigroup Stock Soars After Q2 Earnings Beat, Smaller Bad Loan Provision

“In a challenging macro and geopolitical environment, our team delivered solid results and we are in a strong position to weather uncertain times," said CEO Jane Fraser.

The Street

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Citigroup: Buy, Sell, or Hold?

The shares of the renowned megabank Citigroup (C) have slumped more than 20% in price this year. Furthermore, with geopolitical issues taking a toll on the global economy and Wall Street seeing a risk of default by major banks, is C a smart investment now? Read on.

StockNews.com

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

Benzinga

Citigroup In Talks With Potential Buyers For Russia Retail Ops: Bloomberg

Chief Executive Officer Jane Fraser said that Citigroup Inc (NYSE: C) is reportedly in "active dialog" with potential buyers of its consumer and commercial banking operations in Russia.

Benzinga

Citigroup Stock Leaps After Q1 Profit Beat As Interest Rate Boost Drive Fee Income

"While the geopolitical and macro environment has become more volatile, we are executing the strategy we announced at our recent Investor Day," said CEO Jane Fraser.

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