Tag: Citigroup

July 15, 2019

The big banks are kicking off earnings season, and while Citi (C – Get Report) did so with a bang there are some particular factors to watch for in the rest of the earnings reports. Citigroup Citi beat analyst’s estimates […]

July 3, 2019

Talen Energy Supply has priced a new seven-year $500 million secured term loan B facility. The new term loan B facility priced at L+375. Talen Energy expects to use the net proceeds of the new facility, together with cash on […]

July 2, 2019

It’s been easy to hate banks as investments — not only were some of the biggest players bailed out by taxpayers in 2008, but bank stocks and the financial sector more generally have underperformed the broader market for years. But […]

May 16, 2019

Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies. Swiss bank UBS was exempted […]

April 15, 2019

Goldman Sachs shares declined after posting first-quarter revenue below analysts’ estimates on tougher market conditions for the firm’s trading and investing divisions. The bank said Monday that revenue dropped 13 percent to $8.81 billion, below analyst’s $8.9 billion estimate. Meanwhile, […]

April 11, 2019

Citigroup President Jamie Forese will retire after more than three decades at the bank, according to an internal memo seen by CNBC on Thursday and confirmed by a Citi official. Forese, who had been considered a possible successor to CEO […]

March 26, 2019

Citigroup Inc. is starting a consumer-payments business, joining its biggest rivals and a host of financial-technology startups jockeying for position in the hottest corner of banking. The bank, already a dominant player in business-to-business payments, is launching a new unit […]

January 14, 2019

Citigroup posted fourth-quarter revenue that missed analysts’ estimates by a half-billion dollars as bond trading declined amid a difficult December for markets. The bank said fixed-income revenue dropped 21 percent to $1.94 billion from a year earlier as trading conditions […]

October 23, 2018

The big banks’ credit-card wars are heating up again. Citigroup, one of the largest issuers of U.S. credit cards, is revamping the rewards structure for its top-tier card to compete with offerings from J.P. Morgan Chase and American Express, according […]

October 12, 2018

Citigroup Inc. (C) , the U.S. bank with the most sprawling international operations, said third-quarter profit rose 12% from a year earlier thanks to President Donald Trump’s steep cuts in corporate tax rates, even as revenue growth stalled. Net income […]

July 11, 2018

The second-quarter earnings season will kick off in earnest on Friday, when three of the nation’s biggest banks report, and analysts are expecting somewhat of a repeat of the first quarter, when the sector chalked up record gains. Against the […]

June 12, 2018

Citigroup’s investment banking business could shed as much as half of its 20,000 technology and operations staff in the next five years due to automation, the Financial Times reported on Monday. Operational positions were the “most fertile for machine processing,” […]

April 10, 2018

Once upon a time, I used to fancy myself a trader that focused on the financials. As a professional, I morphed into other arenas by necessity. The tech space became my darling, After that, it became aerospace and defense that […]

February 13, 2018

For all buzz around cryptocurrency and blockchain technology, surprisingly, the top U.S. banks have not been investing as much in these areas as much as one might have thought. The top areas of interest for the major U.S. banks when […]

January 16, 2018

Citigroup Inc. (C) shares rose as the bank said its fourth quarter earnings exceeded analysts’ expectations, not counting a $18.3 billion loss it took to write down the value of tax credits saved up following its massive government bailout in […]

January 8, 2018

U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results. Banks will adjust deferred tax assets and liabilities to […]

October 16, 2017

Mounting credit concerns and lethargic profit margins will plague “weak” Citigroup earnings over the next two years, said one Wall Street research firm. Societe Generale reduced its rating on Citigroup shares to sell from hold Monday, citing deteriorating credit trends […]

October 12, 2017

Citigroup Inc. (C – Get Report) , the Wall Street bank, said third-quarter profit rose 8% from a year earlier, as gains on a sale of a fixed-income analytics business helped make up for a plunge in bond-trading revenue. Earnings […]

August 15, 2017

Early last week, the KBW Nasdaq Bank Index (BKX) reached new August highs. By Friday’s close though, the index had reversed and was well into new monthly low territory and looked headed for a steep sell off. As this week begins, […]

July 20, 2017

Score one for Frankfurt. With Britain locked in negotiations with the European Union over their post-“Brexit” relationship, the financial companies that dominate London’s economy have forged ahead, eager to ensure they can continue to serve clients across the Continent. That has set […]