Citigroup, Wall Street’s biggest loser, is at last on the up: Jane Fraser’s unexpected success
economist.com/finance-and-economics/2024/04/18/citigroup-wall-streets-biggest-loser-is-at-last-on-the-up
These Stocks Are Moving the Most Today: JPMorgan, Wells Fargo, Citigroup, Amazon, Apple, Rivian, and More
barrons.com/articles/stock-market-movers-93aaffdb
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Hermes Can Surpass Vuitton as Luxury’s Biggest Brand, Citi Says: Hermes has potential to surpass LVMH’s flagship Louis Vuitton in the coming years as the luxury ...
bloomberg.com/news/articles/2024-04-15/hermes-can-surpass-vuitton-as-luxury-s-biggest-brand-citi-says
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Citigroup CEO faces growth challenge as overhaul rattles employees: Citigroup investors have rewarded CEO Jane Fraser with a share price boost after Fraser ...
reuters.com/markets/us/citigroup-ceo-faces-growth-challenge-overhaul-rattles-employees-2024-04-09/
Costco's gold bars are apparently raking in $200 million — every month: The retail wholesaler also began selling silver coins earlier this year
qz.com/costco-gold-bars-silver-coin-sales-millions-1851400120
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Citi Sells Investors LVMH Exposure With Rare Exchangeable Bond: Citigroup Global Markets Holdings Inc. offered convertible bond investors a chance to get ...
bloomberg.com/news/articles/2024-03-27/citi-sells-investors-lvmh-exposure-with-rare-exchangeable-bond
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Transfer Citi Points To Accor With 50% Bonus: Through May 11, 2024, you can transfer Citi ThankYou points to Accor Live Limitless with a 50% bonus ...
onemileatatime.com/deals/citi-accor-transfer-bonus/
UAE: Lulu appoints banks for $2 billion IPO in second half of year - News | Khaleej Times
khaleejtimes.com/business/markets/uae-lulu-appoints-banks-for-2-billion-ipo-in-second-half-of-year
Quick Glance: LuLu Plans Billion-Dollar IPO in Abu Dhabi and Riyadh
- LuLu Group International has appointed banks for one of the largest IPOs in the Middle East this year.
- The company could raise up to $2 billion and is planning a listing in Abu Dhabi in the second half of the year.
- A dual listing in Riyadh is also being considered, with representatives of the involved banks and LuLu declining to comment.
- LuLu was valued at over $5 billion in 2020 and was founded by Yusuff Ali in the early 1990s.
Look to Europe’s Super 7, Citi Says. The Magnificent 7 Stocks May Be Falling Out of Favor.
barrons.com/articles/super-7-stocks-europe-401dae2c
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Google Pay can now create a virtual version of your Citibank card: More payment options are always welcome
androidpolice.com/google-pay-virtual-citi-cards/
Quick Glance: Google restructuring operations and relocating roles to 'hubs' to fund AI investments
- Google is implementing staff layoffs and transferring certain roles to 'hubs' to secure funds for artificial intelligence investments.
- The finance and real estate teams are being affected by the downsizing, with some roles being moved overseas.
- Through the consolidation of finance teams in Bangalore, Mexico City, Dublin, Chicago, and Atlanta, Google aims to enhance efficiency and operate around the clock.
- The restructuring is driven by the substantial shift towards artificial intelligence in the tech industry, prompting Google to allocate more resources to this domain.
Abu Dhabi to Tap Citi, HSBC and First Abu Dhabi Bank for Ethiad Airways IPO: ADQ has picked advisers including Citigroup Inc., HSBC Holdings Plc and First Abu ...
bloomberg.com/news/articles/2024-03-07/abu-dhabi-said-to-tap-citi-hsbc-and-fab-for-etihad-airways-ipo
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Wall Street Bank Leaders Hail IPO Market’s Budding Revival: The leaders of Wall Street’s largest banks are optimistic about the reopening of the market for ...
dailymaverick.co.za/article/2024-04-17-wall-street-bank-leaders-hail-ipo-markets-budding-revival/
Citigroup says buy Polish clothes retailer LPP after a sharp drop stoked by activist short-seller Hindenburg Research Citi Says Buy LPP as Stock Bounces Back From Hindenburg Report - Bloomberg
Big Tech offices are getting smaller — and that spells trouble for landlords: AI companies are not filling the real estate void left by larger technology firms
qz.com/ai-tech-office-commercial-real-estate-1851414131
Profits for JPMorgan Chase rose 6% in the first quarter to $13.4 billion, beating Wall Street expectations, even as its boss offered some warnings about the ... Show more
High interest rates are getting more challenging for even the biggest banks
High interest rates are getting more challenging for even the biggest banks
Citigroup marks $483m charge for reorganisation : Net income at the US bank, which has a significant presence in Ireland, fell to $3.4bn in the three months to ...
irishexaminer.com/business/companies/arid-41373046.html
Surprising comeback: Why are Zalando shares suddenly soaring?: On Monday, the Zalando share was able to take a commanding lead at the top of the DAX ...
boerse-online.de/nachrichten/aktien/ueberraschendes-comeback-warum-geht-ploetzlich-die-zalando-aktie-steil-20354615.html
BASF: Citi raises price target: The market environment for BASF continues to brighten, which is gradually being taken into account by more and more analysts.
deraktionaer.de/artikel/aktien/basf-citi-hebt-das-kursziel-an-20354552.html
Exclusive: Azeri oil firm which took Russian funds redeems US bank loans early, sources say
reuters.com/markets/commodities/azeri-oil-firm-which-took-russian-funds-redeems-us-bank-loans-early-sources-say-2024-03-13/
The company that does job interviews for AmEx, Citi, and Walmart says you’ll miss out on the best candidates if you won’t meet people after-hours
fortune.com/2024/03/20/scheduling-after-off-hours-job-interviews-recruiting-diversity/
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Citi PH app, website closing on March 22 after UnionBank acquisition: Citi's online app and website are closing after UnionBank of the Philippines said it has ...
news.abs-cbn.com/business/2024/3/21/citi-ph-app-website-closing-after-unionbank-acquisition-1802
Capital One to Buy Discover for $35 Billion in Deal Combining Major U.S. Credit Card Companies
time.com/6696571/capital-one-buys-discover-credit-card-companies/
Quick Glance: Acquisition Plans: Capital One and Discover Financial
- Capital One plans to acquire Discover Financial, a US credit card company
- Capital One is valued at $52.2 billion and the fourth largest player in the US credit card market
- Discover was the 27th largest US bank by assets, while Capital One was the ninth largest
- Increased regulatory focus on credit card fees, potential merger in this context
Saudi Arabia Lines Up Goldman, Citi for Aramco Share Sale: Saudi Arabia is set to hire banks including Citigroup Inc., Goldman Sachs Group Inc ...
bloomberg.com/news/articles/2024-02-08/saudi-arabia-said-to-line-up-goldman-citi-for-aramco-share-sale
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Fed's interest-rate decision makes bank stocks more attractive: analyst: KBW bank analyst Chris McGratty says bank-funding costs will go down as rates ease
marketwatch.com/story/why-bank-stocks-are-extending-gains-after-the-feds-decision-to-keep-interest-rate-cuts-on-the-table-74bc2fe6
Transfer Citibank Thank You Points To Avianca LifeMiles With 25% Bonus Through April 14, 2024
loyaltylobby.com/2024/03/18/transfer-citibank-thank-you-points-to-avianca-lifemiles-with-25-bonus-through-april-14-2024/
Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit: Strengthens top management with ex HDFC, Citi, Axis bankers
business-standard.com/finance/news/bandhan-bank-to-launch-credit-card-in-apr-may-piush-jha-to-head-the-unit-124031700347_1.html
Self-checkout kiosks and corporate America are in a toxic relationship: Customers love them, sometimes, but certain executives seem to hate them, sometimes
qz.com/dollar-general-target-ross-kohls-self-checkout-retail-1851337359
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CHALLENGING TIMES: UPS is the latest company to trim its workforce within the first month of the new year. trib.al/vHnqwGX
Quick Glance: UPS Announces 12,000 Job Cuts and Office Return
- UPS is set to cut 12,000 jobs and require employees to return to the office for five days a week.
Bayer: Next bull gives up - Is there a risk of a capital increase?: Skepticism among analysts is growing.
deraktionaer.de/artikel/pharma-biotech/bayer-naechster-bulle-gibt-auf-droht-eine-kapitalerhoehung-20351676.html
Wayfair said it expects annual cost savings of more than $280 million, sending the online furniture retailer's shares up 16% before the bell ... Show more
yhoo.it/3RZLGYm
yhoo.it/3RZLGYm
Citigroup appoints top investment banker from JPMorgan: Vis Raghavan to be Citi’s new head of banking
ft.com/content/5c70bd7c-5ce8-4562-bcf8-23fb21b31d22
Paid articlePaid Traders Bring Back 20-Year Old Options Playbook to Cash In on Higher Rate: Citigroup Inc.’s option volume was light on a recent Wednesday, until the session’s ...
trib.al/cK6GuMy
Citi to cut 20K jobs as bank posts worst fourth-quarter loss in 15 years: Citigroup plans to slash 20,000 jobs over the next two years after the struggling bank ...
nypost.com/2024/01/12/business/citi-to-cut-20k-jobs-after-worst-fourth-quarter-loss-in-15-years/
Quick Glance: Citi Plans 20K Job Cuts After Record Loss
- Citigroup plans to cut 20,000 jobs over the next two years after reporting a record loss in the fourth quarter.
- The bank expects to further reduce its headcount by 40,000 jobs when it takes its Mexican consumer unit Banamex public next year.
- The bank currently has 239,000 employees worldwide and anticipates an IPO for its Mexican subsidiary.
- The bank's fourth-quarter revenue fell 3% to $17.4 billion from the previous year.
Use your credit card rewards to minimize the impact of inflation: By using your credit cards strategically, you may be able to earn discounts in common spending ...
bostonherald.com/2024/01/26/use-your-credit-card-rewards-to-minimize-the-impact-of-inflation/
Launching a Sweet Climate Campaign to Urge Costco to Drop Citi: The campaign is designed to get the world’s third largest retailer to pressure its bank—Citi—to ...
billmckibben.substack.com/p/sheet-cake-as-ammunition
BYD’s Biggest Bull Cuts Price Target by 23% on Dimmer Outlook: Citigroup Inc.’s analysts slashed their price target for BYD Co. on expectations that sales growth ...
bloomberg.com/news/articles/2024-01-12/byd-s-biggest-bull-cuts-price-target-by-23-on-dimmer-outlook
Paid articlePaid Citigroup announces elimination of 20,000 jobs after losses: Citigroup on Friday said it will slash 20,000 jobs. The reductions will happen 'over the medium-term ...
foxbusiness.com/markets/citigroup-announces-elimination-20000-jobs-after-losses
Bank stocks outperform markets on Tuesday; HDFC Bank rises 2%; here's why: Shares of HDFC Bank gained 2 per cent to Rs 1,447.5 apiece in the intraday trade after ...
business-standard.com/markets/news/bank-stocks-outperform-markets-on-tuesday-hdfc-bank-rises-2-here-s-why-124022000351_1.html
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
cnbc.com/2024/01/12/citigroup-cutting-10percent-of-workforce.html
Quick Glance: Citigroup Announces 10% Workforce Reduction
- Citigroup announced a 10% reduction in its workforce to boost the bank's results and stock price.
- Approximately 20,000 employees will be let go in the medium term, as stated in a fourth-quarter presentation.
- CEO Jane Fraser announced a comprehensive overhaul of the third-largest U.S. bank by assets in September.
- The moves could help trim up to $2.5 billion in costs over time, as stated by the bank.
Citigroup plans to cut 20,000 jobs in the medium term: Citigroup reportedly plans to cut 20,000 jobs in a major overhaul expected to save it €2 million to €2 ...
brusselstimes.com/business/874395/citigroup-plans-to-cut-20000-jobs-in-the-medium-term
Google, Citigroup, BlackRock And Amazon Announce Job Cuts—Here’s Why We Will Continue To See Layoffs In 2024
forbes.com/sites/jackkelly/2024/01/18/google-citigroup-blackrock-and-amazon-announce-job-cuts-heres-why-we-will-continue-to-see-layoffs-in-2024/
Quick Glance: Major Companies Announce Significant Job Reductions - Reasons for Ongoing Layoffs in 2024
- Leading companies such as Google, Amazon, Citigroup, and BlackRock have announced significant layoffs, contributing to an overall reduction in white-collar workforce.
- Continued job cuts are driven by ongoing economic uncertainties, the rise of artificial intelligence, and companies adapting due to pandemic-related hiring surges.
- In January, 58 technology firms laid off a total of 7,785 employees to realign operations and allocate resources for AI-based projects.
- In 2023, companies let go of over 260,000 employees in the technology sector alone.
Year of the Dragon: ZA Bank, Citigroup, HSBC, BOCHK lavish Hong Kong staff with fat lai see packets, other goodies
scmp.com/business/article/3251499/year-dragon-za-bank-citigroup-hsbc-bochk-lavish-hong-kong-staff-fat-lai-see-packets-other-goodies
Paid articlePaid Citigroup plans 20,000 job cuts as it reports worst quarter in 15 years: Bank reports $1.8bn fourth-quarter loss after taking $4bn in one-off charges
ft.com/content/8fee7052-3da3-4cfb-9467-0072d08214f9
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Citigroup is planning a major cost-cutting move amid high expenses: The bank is following a trend that's been negatively affecting employees at large ...
thestreet.com/employment/citigroup-is-planning-to-make-a-major-cost-cutting-move-amid-high-expenses
Quick Glance: Citigroup's Massive Workforce Reduction
- Citigroup is planning to reduce its workforce by 10% to improve the bank's results and stock price.
- Approximately 20,000 employees are set to be laid off in the medium term, as announced in Citigroup's fourth-quarter earnings presentation.
- CEO Jane Fraser announced a comprehensive restructuring of the third-largest U.S. bank by assets in September.
- The company has already conducted multiple waves of layoffs and is planning another round of cuts for January 22.
As Amazon, Citigroup and Google open 2024 with layoffs, experts say unemployed workers should take these steps
cnbc.com/2024/01/12/amazon-citigroup-google-layoffs-money-and-job-search-moves.html
Bloomberg Evening Briefing: Citigroup Gets a Leg Up on Morgan Stanley: Get caught up.
bloomberg.com/news/newsletters/2024-01-09/bloomberg-evening-briefing-citigroup-gets-a-leg-up-on-morgan-stanley
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The Full List of Major U.S. Companies Slashing Staff Next Year, from Nike to Intel
entrepreneur.com/business-news/nike-intel-cutting-jobs-next-year-layoff-projections-2024/467657
Macy’s Buyout Won’t Be Easy. Citi Says Sell the Stock.: Shares of the retailer were falling on Tuesday after soaring 19% the day prior.
barrons.com/articles/macys-buyout-citi-sell-stock-d605c4af
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The list of layoffs sweeping the US: Nike, Intel, Citi: Companies will keep cutting jobs in 2024 after a wave of redundancies this year. Nike ...
businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024
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Citi predicts home prices to slump in 2024: Hong Kong’s property firms face a squeeze in 2024 from rising funding costs & sluggish home sales & office rentals ...
wionews.com/videos/citi-predicts-home-prices-to-slump-in-2024-680433
Pemex Refinances About $8.3 Billion in Debt Amid Cash Crunch: Petroleos Mexicanos has renewed about $8.3 billion in revolving credit lines from banks including ...
bloomberg.com/news/articles/2023-12-08/pemex-refinances-about-8-3-billion-in-debt-amid-cash-crunch
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5 banks that cut overdraft charges and fees in recent years: Citi, Regency and Wells Fargo are among banks that cut their fees and overdraft charges in recent ...
houstonchronicle.com/business/article/five-banks-that-cut-fees-18587838.php
Predictions: mind the valuation gap at Citi: US bank does have a bright spot in its services unit
ft.com/content/43162935-8964-4352-8751-828f9092dda7
Citigroup Wealth Services Head Campos Exits After Three Decades: Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global ...
bloomberg.com/news/articles/2023-11-21/citigroup-wealth-services-head-campos-exits-after-three-decades
Citi to Work With Indian Bank to Fund Female Entrepreneurs, CEO Jane Fraser Says: Citigroup Inc. plans to unveil a partnership with a bank in India to fund ...
bloomberg.com/news/articles/2023-11-16/citi-to-work-with-indian-bank-to-fund-entrepreneurs-fraser-says
Citi says investors can find alpha next year with these retail stocks even as worries about the consumer increase
cnbc.com/2023/12/07/citi-says-investors-can-find-alpha-next-year-with-these-retail-stocks.html
Paid articlePaid Musk, Citi’s Fraser Among the CEOs Wooing China’s Xi at APEC: Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals ...
bloomberg.com/news/articles/2023-11-14/musk-citi-s-fraser-among-the-ceos-wooing-china-s-xi-at-apec
Foot Locker Stock Tumbles After Citi Downgrades to Sell. Why It Got the Boot.: Citi sees multiple reasons for caution, including the retailer's relationship ...
barrons.com/articles/foot-locker-stock-downgrade-sell-9af3eba2
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The big picture: How Axis Bank’s Citi deal is paying off: A big part of that strategy—the acquisition of Citibank India’s retail business.
financialexpress.com/business/banking-finance-the-big-picture-how-axis-banks-citi-deal-is-paying-off-3318485/
Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure: The latest step in the bank's reorganisation was announced on Monday ...
reuters.com/markets/europe/citi-names-gutirrez-orrantia-head-banking-europe-restructure-sources-2023-11-20/
Citi Indonesia concludes consumer banking sell-off to UOB: Citi and UOB first announced the transaction in January last year, as part of a broader sale of ...
thejakartapost.com/business/2023/11/20/citi-indonesia-concludes-consumer-banking-sell-off-to-uob.html
Paid articlePaid HSBC Buys Citi’s $3.6 Billion China Retail Assets in Expansion: HSBC Holdings Plc agreed to buy Citigroup Inc’s retail wealth management portfolio in mainland ...
bloomberg.com/news/articles/2023-10-09/hsbc-buys-citi-s-3-6-billion-china-retail-assets-in-expansion
SEC fines Citigroup, former unit over customer disclosures: Citigroup (C.N) and a former unit were fined $1.975 million by the U.S. Securities and Exchange ...
reuters.com/business/finance/sec-fines-citigroup-former-unit-over-customer-disclosures-2023-09-28/
Quick Glance: SEC fines Citigroup, former unit for customer disclosures
- Citigroup and a former unit were fined $1.975 million by the U.S. Securities and Exchange Commission.
- The fine was imposed for Citigroup making securities recommendations to retail customers without complying with disclosure obligations.
Citigroup in Talks to Sell China Onshore Retail Wealth to HSBC: Citigroup Inc. is in talks to sell its China onshore retail wealth business to HSBC Holdings Plc ...
bloomberg.com/news/articles/2023-09-28/citigroup-in-talks-to-sell-china-onshore-retail-wealth-to-hsbc
Quick Glance: HSBC to Acquire Citigroup China Wealth Management
- HSBC to acquire Citigroup's China wealth management business
- Transaction includes taking over Citi staff in China
- Financial details of the deal not immediately known
- Citi's China wealth management serves affluent clients
Citigroup Combines FX Sales Teams as Sam Hewson Takes the Helm: Citigroup Inc. will combine its sales teams that offer foreign-exchange products to corporate ...
bloomberg.com/news/articles/2023-10-03/citigroup-combines-fx-sales-teams-as-sam-hewson-takes-the-helm
Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond — A look at the numbers
cnbc.com/2023/10/23/wall-street-hikes-forecasts-for-anti-obesity-drug-sales-to-100-billion.html
Citi's looking for a global real-time pay exec; Generative AI picks up more momentum at NatWest and Fujitsu, Australian regulators cite NAB over fees and more ... Show more
Citi expands Singapore wealth arm amid wider Asia retail retreat: SINGAPORE -- Citigroup on Wednesday announced that it is expanding its wealth management ...
asia.nikkei.com/Business/Markets/Wealth-Management/Citi-expands-Singapore-wealth-arm-amid-wider-Asia-retail-retreat
Buy this 'recession-resistant' auto retail stock, Citi says: The bank upgraded the auto parts retailer to buy and raised its price target to $1 ...
cnbc.com/2023/10/05/buy-this-recession-resistant-auto-retail-stock-citi-says.html
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Employers and staff are calling a 'truce' on the return-to-office war: Even as some employers take a more aggressive approach the return to office ...
financialpost.com/financial-times/employers-staff-truce-return-to-office-war
Paid articlePaid
South Bay history: Frank Vanderlip had an expansive vision for the Peninsula: Frank A. Vanderlip ended up purchasing acres of land on the Peninsula, sight unseen ...
dailybreeze.com/2023/09/11/south-bay-history-frank-vanderlip-had-an-expansive-vision-for-the-peninsula/
AMC shares are headed to below $5, says Citi: AMC stock could shed roughly 70% of its value, according to Citi.
cnbc.com/2023/09/26/amc-shares-are-headed-to-below-5-says-citi.html
Paid articlePaid Credit Card Application Rules By Bank (2023): Applying for a credit card? Here are the application rules you need to be aware of with each major card issuer if ...
onemileatatime.com/guides/credit-card-application-rules/
House GOP subpoenas Citibank over alleged Jan. 6 ‘back-channel’ cooperation with the FBI
cnn.com/2023/08/18/business/citi-subpoena-fbi-january-6/
Too early to tell if banks hit by billion-dollar money laundering case had followed rules, says MAS
straitstimes.com/singapore/too-early-to-tell-if-banks-hit-by-billion-dollar-money-laundering-case-had-followed-rules-says-mas
Citi, CIMB Used by Accused in Singapore’s Laundering Scandal: Citigroup Inc.’s Singapore subsidiary and CIMB Group Holdings Bhd are among banks affected by a ...
bloomberg.com/news/articles/2023-08-17/citi-cimb-used-by-accused-in-singapore-s-laundering-scandal
Citi India FY23 profit jumps threefold Rs 13,614 crore on retail arm sale: Citi India: Citi's total assets stood at Rs 2,17,302 crore as at March 31, 2023 ...
business-standard.com/industry/banking/consumer-banking-arm-sale-boosts-citi-india-fy23-net-profit-to-rs-13-614-cr-123091200942_1.html
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