Citigroup Inc
- All
- News
- Videos
-
Citi May Offer Bitcoin Futures Trading For Institutional Clients: Report
Media outlet Coindesk reported that Citi is awaiting regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange, citing a source within the bank
-
Opinion: No Zoom On Friday! Companies Handle WFH Fatigue
It took a year of the pandemic but finally one of the world's biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Jane Fraser, Citigroup Inc's chief executive officer, wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got - at investment banks and at large busi...
-
Bank Lending To Plastics Industry Faces Scrutiny As Pollution Concerns Mount
Compiled by https://portfolio.earth, a research network, the report ranked Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co as the three biggest financiers of plastics between January 2015 and September 2019.
-
Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
-
Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
-
Airtel Africa Appoints Eight Global Banks For Initial Public Offering
The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.
-
Snap Royalty Kylie Jenner Helped Erase $1.3 Billion In One Tweet
Snap Inc.'s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan. The Snapchat parent's shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn't open the app anymore.
-
Citigroup Cuts CEO Michael Corbat's Pay After Missing Financial Targets
Corbat received $15.5 million in total compensation, including a base salary of $1.5 million, a $4.2 million cash award and $9.8 million of stock-related incentives, according to a securities filing.
-
Citigroup Third Quarter Profit Falls Over 10%
The bank's net income fell to $3.84 billion, or $1.24 per share, in the third quarter ended September 30 from $4.29 billion, or $1.35 per share, a year earlier.
-
Citigroup Reports Profit Drop, Sees More Pain If Oil Slips
Citigroup, which has more assets in emerging markets than other U.S. banks, has been exiting less-profitable markets and cutting jobs to become more efficient. The bank recorded $491 million in so-called "repositioning" charges.
-
Citigroup Profit Jumps 51% as Costs Plunge
Citigroup Inc, the No.3 US bank by assets, reported a 51 per cent jump in quarterly profit as lower costs more than made up for a fall in revenue amid increased market volatility and uncertainty about the timing of a US interest rate hike.
-
Citibank Ordered to Pay $700 Million Over Credit Card Practices
Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the US Consumer Financial Protection Bureau said.
-
Wall Street: Investors Hope Tech Giants Repeat Google Surge
Google Inc's strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into next week's tech-heavy slate of earnings reports.
-
Citi Posts Highest Profit in 8 Years as Costs Plunge
Citigroup Inc, the third biggest US bank by assets, reported its highest quarterly profit in eight years as restructuring and cost cuts paid off and legal expenses plunged.
-
Late to the Party, Global Banks Try to Muscle Into India's Start-Up Boom
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
-
Citi May Offer Bitcoin Futures Trading For Institutional Clients: Report
Media outlet Coindesk reported that Citi is awaiting regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange, citing a source within the bank
-
Opinion: No Zoom On Friday! Companies Handle WFH Fatigue
It took a year of the pandemic but finally one of the world's biggest banks has acknowledged the huge toll that working remotely is taking on its staff. Jane Fraser, Citigroup Inc's chief executive officer, wants to ease Zoom fatigue and go back to regular working hours. That tells you how bad things have got - at investment banks and at large busi...
-
Bank Lending To Plastics Industry Faces Scrutiny As Pollution Concerns Mount
Compiled by https://portfolio.earth, a research network, the report ranked Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co as the three biggest financiers of plastics between January 2015 and September 2019.
-
Citi's $900 Million Mistake Happened In The Middle Of A Software Switch
For years Citigroup Inc. has been an anomaly among big banks, relying on an obscure piece of software it helped develop to manage loan payments. Just as the bank tried to replace it, things went terribly wrong.
-
Citi Wired $900 Million In "Clerical Error", They Won't Hand Cash Back
Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman.
-
Airtel Africa Appoints Eight Global Banks For Initial Public Offering
The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.
-
Snap Royalty Kylie Jenner Helped Erase $1.3 Billion In One Tweet
Snap Inc.'s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan. The Snapchat parent's shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn't open the app anymore.
-
Citigroup Cuts CEO Michael Corbat's Pay After Missing Financial Targets
Corbat received $15.5 million in total compensation, including a base salary of $1.5 million, a $4.2 million cash award and $9.8 million of stock-related incentives, according to a securities filing.
-
Citigroup Third Quarter Profit Falls Over 10%
The bank's net income fell to $3.84 billion, or $1.24 per share, in the third quarter ended September 30 from $4.29 billion, or $1.35 per share, a year earlier.
-
Citigroup Reports Profit Drop, Sees More Pain If Oil Slips
Citigroup, which has more assets in emerging markets than other U.S. banks, has been exiting less-profitable markets and cutting jobs to become more efficient. The bank recorded $491 million in so-called "repositioning" charges.
-
Citigroup Profit Jumps 51% as Costs Plunge
Citigroup Inc, the No.3 US bank by assets, reported a 51 per cent jump in quarterly profit as lower costs more than made up for a fall in revenue amid increased market volatility and uncertainty about the timing of a US interest rate hike.
-
Citibank Ordered to Pay $700 Million Over Credit Card Practices
Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the US Consumer Financial Protection Bureau said.
-
Wall Street: Investors Hope Tech Giants Repeat Google Surge
Google Inc's strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into next week's tech-heavy slate of earnings reports.
-
Citi Posts Highest Profit in 8 Years as Costs Plunge
Citigroup Inc, the third biggest US bank by assets, reported its highest quarterly profit in eight years as restructuring and cost cuts paid off and legal expenses plunged.
-
Late to the Party, Global Banks Try to Muscle Into India's Start-Up Boom
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
