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Citigroup Inc

Citigroup CEO Jane Fraser reorganizes business

by Adrian Jhonsan
Citigroup CEO Jane Fraser reorganizes business

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup CEO Jane Fraser announced a corporate …

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Categories World

Jackson Hole anxiety overshadows Nvidia

by Adrian Jhonsan
Jackson Hole anxiety overshadows Nvidia

Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near …

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Categories World

House Republicans subpoena Citibank over data shared after Jan. 6

by Adrian Jhonsan
House Republicans subpoena Citibank over data shared after Jan. 6

Chairman Jim Jordan, R-Ohio, conducts the House Judiciary Committee hearing on the “Report of Special Counsel John Durham,” in Rayburn Building on Wednesday, June 21, 2023. Tom Williams | CQ-Roll …

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Categories World

Record Keeping Failures Result in $549 Million Fine for Wells Fargo and Other Wall Street Banks

by Craig Fedirighi
Record Keeping Failures Result in 9 Million Fine for Wells Fargo and Other Wall Street Banks

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, …

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Categories Business

The Motivation Behind Big Banks, Such as JPMorgan, Embracing Blockchain Technology for Wall Street

by Ev Richard
The Motivation Behind Big Banks, Such as JPMorgan, Embracing Blockchain Technology for Wall Street

Banking titans such as JPMorgan and Citi want to supercharge Wall Street by borrowing a tool from crypto — tokenizing assets on a blockchain. “Once you have these assets that …

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Categories Technology

2Q 2023 Earnings Report of Goldman Sachs (GS)

by Adrian Jhonsan
2Q 2023 Earnings Report of Goldman Sachs (GS)

Goldman Sachs on Wednesday posted profit below analysts’ expectations amid writedowns tied to commercial real estate and the sale of its GreenSky lending unit. Here’s what the company reported: Earnings: …

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Categories World

Morgan Stanley (MS) Reports Earnings for Q2 2023

by Adrian Jhonsan
Morgan Stanley (MS) Reports Earnings for Q2 2023

CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014. Getty Images Morgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts’ expectations, helped by …

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Categories World

Key Points to Understand Prior to the Stock Market Opening on Tuesday

by James Odonell
Key Points to Understand Prior to the Stock Market Opening on Tuesday

Here are the most important news items that investors need to start their trading day: 1. Dow on a tear 2. Bank earnings drive the day 3. Goldman drops recession …

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Categories Politics

Bank of America (BAC) Reports 2Q 2023 Earnings

by Adrian Jhonsan
Bank of America (BAC) Reports 2Q 2023 Earnings

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022. Al Drago | Bloomberg | Getty …

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Categories World

Citigroup’s Q2 Earnings Report for 2023

by Adrian Jhonsan
Citigroup’s Q2 Earnings Report for 2023

Citigroup shares rose on Friday after the bank reported second-quarter earnings and revenue that topped expectations. Despite the beat, Citi’s revenue fell 1% from a year ago as the decline …

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Categories World
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