Citi hopes to use the innovation to further establishes itself as a major payments and trade solution. Treasury and Trade Solutions (TTS), Citi has revealed its plans to offer a round-the-clock cleari...
Tag: Citi
Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts
“With xalts, we are building innovative, institutional-grade investment products and solutions which focus on high compliance and control standards – things institutional investors care about,” ...
US Stocks Have Just Started Pricing In Recession, Citi Quants Say
(Bloomberg) — US stocks may resume their slump as they have only just begun to price in a recession, according to Citigroup Inc.’s quant strategists. The market has turned “decidedly defensive a...
Citi GPS Report: Philanthropy Must Innovate to Meet the Cost-of-living Crisis, Embracing Digital and a Closer Integration With Investments
LONDON–(BUSINESS WIRE)–Citi today released a Global Perspectives & Solutions (Citi GPS) report titled Philanthropy and the Global Economy v2.0 – Reinventing Giving in Challenging Times. While conf...
Everything Counts In Small Amounts For The Citi Field Mets Experience
Brendan McKeon (left), the New York Mets’ executive director of in-game operation, and Bobby Clemens … [+] (right), the Mets’ executive director of creative content, sit in the dugou...
Los exchange cripto descentralizados están ganando parte del mercado de sus pares centralizados, según Citi
Citi dice que los DEX son responsables del 18,2% del volumen de operaciones al contado, y señala que los volúmenes se han mantenido resistentes en más de US$50 mil millones al mes, con ingresos totale...
Citi Says Decentralized Crypto Exchanges Are Winning Market Share From Centralized Peers
One potential driver for DEX volumes in the near term is an increase in regulation, the note said. As crypto regulation develops more broadly, with expanded reporting requirements, users could begin t...
Citi just lowered its S&P 500 price target. Here’s how likely it finds a severe recession, and what it expects from corporate earnings
Another day, another price target reduction. Strategists at Citi have reduced their year-end S&P 500 target to 4,000 from 4,200, and produced a 2023 target of 3,900. Put another way, they expect a...
Why Citi analyst see McDonald’s as an unfavourable investment right now?
Expect McDonald’s Corporation (NYSE:MCD) stock to become stale soon, according to Citi analyst Jon Tower. Here are Tower’s comments that also saw him lower the price target from $275 to $246. We see ...
Buy US Treasuries to Prepare for 2023 Downturn, Citi Strategist Says
(Bloomberg) — Citigroup Inc.’s Steven Wieting says buying US Treasuries is the way to prepare for 2023, when an economic downturn will cut earnings and employment. Most Read from Bloomberg “We h...
Citi Researchers Say Ethereum Is Stable Following the Merge
According to Citi analysts, the total number of tokens supplied on the first day of the Merge dropped as the fees burnt were more than the rewards issued to validators. Researchers from American multi...
Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
This is the only asset investors can use as a recession hedge this year, Citi says
Stocks have been on a rollercoaster ride this year, as soaring inflation and fears of a recession have continued to roil markets. With concerns lingering that the worst is yet to come for equities, in...
Nvidia, Intel, and AMD are at risk if this big Citi prediction is right
There are at least two things market participants are bearish on as summer draws to a close: Bed Bath & Beyond stock (despite this week’s bounce) and the entire semiconductor space. The clos...
Top 100 Public Company Crypto Involvement
August 24, 2022, 9:55AM EDT • 2 min read Quick Take 28 out of the top 100 publicly traded firms ranked by Forbes have at least one crypto/blockchain investment since 2021 SoftBank and Samsung have the...
Zoom Video Stock Dives. Citi Says Lowered Guidance May Be ‘Too Optimistic.’
Text size Zoom cited soft performance in its online business, a segment focused on smaller businesses and the consumer. Olivier Douliery/AFP/Getty Images Zoom Video Communications stock dived Tuesday ...
Citi head of forex to leave bank for digital assets role: source
Staley, who is also a Citi veteran with more than 18 years under his belt, has headed up APAC markets and securities services for over four years. He previously worked for Texas-based energy services ...
U.K. inflation will exceed 18% in January: Citi
United Kingdom is on course to see inflation exceed 18% in January as the Office of Gas and Electricity Markets continues to lift energy price cap, says Benjamin Nabarro. He’s the Chief U.K. Economist...
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K. inflation is on course to...
Citi Nabs Crypto Leaders for Treasury and Trade Solutions Unit
Unit’s new global head of digital assets is a Wall Street veteran who is joining from IBM Bank’s TTS division head previously revealed it was working on deposit tokenization and network interoperabili...
Citi Sues Revlon Over Lender Status After $900 Million Mistake
(Bloomberg) — Citigroup Inc. has sued Revlon Inc. in a bid to resolve a nagging legal question that emerged after the bank mistakenly wired $900 million to the cosmetics giant’s lenders and inte...
Zoom stock slashed by Citi amid ‘new hurdles to sustaining growth’
Citi doesn’t like what it sees ahead of Zoom’s Aug. 22 earnings report. The investment bank’s tech analyst Tyler Radke slashed his rating on Zoom stock to Sell from Neutral on Tuesda...
Lowe’s stock does not have a meaningful upside from here: Citi
Shares of Lowe’s Companies Inc (NYSE: LOW) have bounced roughly 17% off their low in mid-June, which, a Citi analyst says, is as far as they go. Lowe’s stock downgraded to ‘neutral’ On Thursday, Steve...
Citi Analyst Thinks Coinbase Stock Price Likely to Boost Following ‘The Merge’
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Citi Believes The Merge Will Make Ethereum a “Yield-Bearing Asset”
Citigroup Inc. or Citi, an American multinational investment bank, disclosed that the merge would make Ethereum (ETH) a deflationary asset. As a result, the second-largest cryptocurrency will become a...
Banking Titan Citi Says Ethereum Merge Could Boost Crypto Exchange Coinbase Stock Price: Report
Banking giant Citi reportedly says that Ethereum’s (ETH) upcoming transition to proof-of-stake expected next month could be bullish for the stock of Coinbase, the largest crypto exchange in the US. Ac...
Banking giant Citi highlights significance of Merge upgrade on Ethereum’s blockchain
The Ethereum (ETH) Merge upgrade slated for late September is among the most highly anticipated cryptocurrency events due to factors like the projected bullish impact on the asset’s price. In this lin...
La fusión de Ethereum generará varias consecuencias para la blockchain, según Citi
La fusión o merge, la primera de cinco actualizaciones planeadas para la red, podrían solamente incrementar la velocidad de transacciones en un 10% al reducir los tiempos de bloques, según el reporte....
The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi
We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, poss...