Page 5 - Citigroup

Tepid response to Federal Mogul OFS, bids received for less than 10% shares

Market participants said high valuation and low liquidity at the counter was behind the poor response

Citigroup fends off ultra-low interest rates, beats profit estimates in Q3

Adding to the bullish message from bumper results from peer JPMorgan, the bank reported respectively 18 per cent and 15 per cent jumps in revenue from bond and stock market trading

JPMorgan, Citigroup profits improve amid signs of economic recovery

Two of the nation's biggest banks JPMorgan Chase and Citigroup said Tuesday that their profits improved markedly over the summer

Citigroup fined $400 million, agrees to fix 'longstanding deficiencies'

Citi said it was disappointed to have fallen short of regulatory expectations and has "significant remediation projects" under way

Citigroup terminates manager involved in running QAnon website

Citigroup Inc said it terminated a manager in its technology department following an investigation into his role as the operator of a popular website dedicated to the unfounded QAnon conspiracy theory

Investors should switch from European stocks to emerging markets: Citigroup

A gauge of the European economy fell unexpectedly in September, amid a resurgence in coronavirus cases that has dampened investor ardor toward the region's shares

Citi appoints Arjun Chowdhry as acting head of consumer banking in India

Chowdhry, who has been with Citi for 25 years, currently serves as the head of credit cards, payments and unsecured lending for the American bank in India.

Citigroup to set aside over $1 billion to combat racial wealth gap

Citi's statement comes amid a broader re-think of racism in the United States in recent months

Citigroup to hire 6,000 youth in Asia as unemployment numbers rise

It's also offering 60,000 job training opportunities for youth below the age of 24 over the next three years across its retail and institutional businesses in the region

World Coronavirus Dispatch: Citigroup to resume job cuts after pause

Hong Kong plans new stimulus as economy falters, China's recovery gathers speed on retail rebound, some jobs may permanently move to machines and other pandemic-related news across the globe

Women of Wall Street ask 'Who's Next' after Citi picks Jane Fraser as CEO

As congratulations rolled in across Wall Street for its newest boss, diversity advocates said the financial industry has a lot more to do to reach gender equality, pay equity

Citigroup's next CEO has a Herculean task: Turning the bank around for real

When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her

Citigroup's Jane Fraser describes working mom's challenges on Wall Street

Citigroup Inc named consumer banking head Jane Fraser as the bank's next chief executive officer, making her the first woman to lead a major Wall Street bank

Citigroup picks Jane Fraser as next CEO, first woman in that role

Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank

Citigroup gets temporary freeze on brigade money in $900-million error

A federal judge Wednesday froze $127.3 million that HPS Investment Partners LLC has refused to return and $109.7 million that Symphony Asset Management LLC is holding

Jack Ma's Ant seeks $200 billion value in landmark dual IPO: Report

Ant is planning to list on Shanghai's STAR market & Hong Kong

Morgan Stanley posts record profit on trading boom amid Covid-19 crisis

Trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup

Goldman Sachs revenue from trading stocks and bonds surges 93%

Revenue from trading stocks and bonds surged 93 per cent, surpassing what analysts had expected

Banks stockpile billions as they prepare for things to get worse

Collectively, JPMorgan Chase, Citigroup and Wells Fargo have put aside $25 billion during the second quarter, they said. As a result, their quarterly profits plunged.

JPMorgan, Bank of America, Citi among banks facing US probe over PPP loans

"The banks' wealthiest clients had access to a personalized application process that ensured their applications were processed first," according to the letters sent by the committee Monday