Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images Citigroup said fourth-quarter net incom...
Tag: Citigroups
How To Bet Against A Blowout On Citigroup’s Earnings
Citigroup (C) will report its fourth-quarter earnings on Jan 15. Earnings per share are estimated at $1.22 on revenue of $17.929 billion, extending a streak of declining profits. X The options market ...
Citigroup’s $900 Million Revlon Blunder Ends With a Dismissal After Bank’s Victory
(Bloomberg) — A hard-fought battle between Citigroup Inc. and creditors of Revlon Inc. over an epic blunder in which the bank accidentally sent the lenders almost a billion dollars was finally c...
Citigroup’s $500 Million Blunder Ends in Victory for the Bank
(Bloomberg) — A federal appeals court saved Citigroup Inc. from an epic blunder that became the talk of Wall Street, rejecting a ruling that Revlon Inc. creditors could keep more than half a bil...
Citigroup’s Fat-Finger Trade Seen Costing Bank More Than $50 Million
(Bloomberg) — Citigroup Inc. may record losses of at least $50 million following a London staffer’s fat-finger trade that caused a flash crash in European stocks last month, according to people ...
IMF chief Georgieva and Citigroup’s Jane Fraser discuss economy
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Spiraling food and energy prices are squeezing households around the world, whi...
Citigroup’s Net Income Drops 46% YoY in Q1 2022
Citigroup, one of the largest global financial services providers, recently released its results for the first quarter of 2022 (Q1 2022). For the reported period, Citigroup saw a net income of $4.3 bi...
Citigroup’s stock set to produce ‘bullish engulfing’ pattern at a time of ‘bullish technical divergence’
Citigroup Inc.’s stock C, +1.70% rose 2.0% in afternoon trading, reversing an intraday loss of as much as 0.4%, putting it on track to produce a “bullish engulfing” candlestick chart...
UnionBank Raising Up To $1.1 Billion To Fund Acquisition Of Citigroup’s Philippine Consumer Banking Unit
A pedestrian walks in front of Citibank’s office in the financial district of Makati suburban Manila … [+] on November 18, 2008. Asian shares fell November 18 on mounting fears of an exten...
Two Co-head of Citigroup’s Digital Assets Quit, Planing to Launch New Crypto Startup
Two co-heads of Citigroup’s digital assets, Greg Girasole and Alex Kriete announced on Friday via their LinkedIn platform that they are leaving Citigroup to launch a new venture and would reveal more ...
Citigroup’s new London HQ offers a view into flexible working future
Citigroup is offering its vision for the future of flexible work with the release of new plans to transform its London headquarters. The Wall Street bank is to overhaul its iconic Canary Wharf Citi To...
Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited and also slapped a fine of HK$348.25 million (around $44.68 million) for some serious regulato...
Here’s why Citigroup’s stock stands out among the biggest U.S. banks
The “big six” U.S. banks have all reported their fourth-quarter results, wrapping up a difficult 2022, when soaring interest rates forced a decline in several areas of business. Citigroup Inc. C, -1.7...