Por: New York Post Business December 07, 2023
Citigroup Chief Financial Officer Mark Mason said Wednesday the bank’s will cost about $1 billion for charges related to restructuring and severance. The overhaul is expected to be fully completed by the end of the first quarter next year, Mason told the Goldman Sachs US Financial Services Conference. The changes by CEO Jane Fraser include slimming down management and . Simplifying the bank’s structure will enable it to reduce annual... + full article
MarketWatch USA Business December 01, 2023
we noted that 1) hope springs eternal for a turnaround (the bank has been a laggard since the 2008-09 financial crisis), but that 2) Fraser might just be able to right the ship. That, and the stock was unduly depressed and perhaps ripe for a rebound. It is way early days, but... + más
What Are the Duties of A Trustee? | Forbes
MLB playoff projections: Dodgers should be No. 2 seed in NL. Who else is in? | Los Angeles Times
Los Angeles Times USA Business November 09, 2023
Citigroup was ordered to pay $25.9 million in fines and redress for illegally discriminating against credit-card applicants the bank identified as Armenian American. The bank, from 2015 to 2021, singled out applicants for certain credit-card products suspected of being of... + más
Thousands expected at rallies in SoCal for Armenian Genocide Remembrance Day | ABC7
High school scores and top performers from Friday, March 24 | Orlando Sentinel
MarketWatch USA Business October 13, 2023
Credit costs of $1.8 billion were consistent with the second quarter but were 35% higher than the year-ago quarter due to the “continued normalization in net credit losses,” the bank said. ‘s results were released after the bank announced sweeping changes in its... + más
This Citigroup Preferred Yields 10%. Is It Too Good To Be True? | MarketWatch
Citigroup trying to get accidental $500M Revlon loan payment back | Fox Business
Fox Business USA Business October 05, 2023
Check out whats clicking on FoxBusiness.com are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades, according to a global memo to staff on Wednesday seen by Reuters. Some roles will... + más
High school scores and top performers from Tuesday, March 28 | Orlando Sentinel
MarketWatch USA Business March 29, 2023
The situation involving the Citigroup issue and why it remains outstanding when Citi has to pay so much more interest on it than on other securities is both complicated and a little mysterious. The interest rate on the issue floats, or resets, quarterly at 6.37% percentage... + más
Preferred Stocks Offer a Better Way to Bet on Banks | MarketWatch
Fox Business USA Business January 12, 2023
U.S. Bank wealth management senior vice president Lisa Erickson says a number of macro indicators show slowing trends into the new year. Citigroup Inc. is shuffling the leadership of its , whose growth has fallen short of targets during a market downturn that has sapped demand... + más
Racial Wealth Inequality Gradually Declines, But That Is No Reason To Celebrate | Forbes
Fox Business USA Business December 02, 2022
Check out what's clicking on FoxBusiness.com Citigroup is in talks to try and get about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon. The cosmetics company controlled by billionaire Ronald Perelman, filed for... + más
Revlon files for bankruptcy protection amid heavy debt load | WPLG Local 10
Should You Consolidate To Get Student Loan Forgiveness? It’s Complicated | Forbes
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