United Kingdom's Competition and Markets Authority (CMA) revealed on Friday in a statement that it reached a settlement with four banks regarding the gilt case.After an investigation, the CMA found that Citigroup Inc., Deutsche Bank AG, HSBC Holdings Plc, Morgan Stanley, and Royal Bank of...
Citigroup Inc. announced on Wednesday that its revenue for the fourth quarter of fiscal 2024 jumped 12% to $19.6 billion year over year. For the three months, Citigroup posted a net income of $2.9 billion or $1.34 earnings per diluted share (EPS), compared with a net loss of $1.8 billion or $1.16 per...
The upcoming week promises an action-packed Wednesday, with all eyes on JPMorgan's fourth-quarter results. The company's managed revenue in the third quarter of fiscal 2024 came in at $43.3 billion, rising 6% on an annual basis.
Investors will also be looking at BlackRock, Wells Fargo, Goldman...
Shortly after the stock market opened on Wednesday, shares of major banking institutions surged in response to the re-election of Donald Trump as the 47th President of the United States, marking his return to the White House following his previous tenure as the 45th President.At 9:42 am CET, Wells...
Citigroup Inc. announced on Tuesday that its revenue for the third quarter of fiscal 2024 rose 1% to $20.3 billion year over year.For the three months, Citigroup posted net income of $3.2 billion or $1.51 per diluted share, compared with net income of $3.5 billion or $1.63 per diluted share in a similar...
American Airlines and Citigroup Inc. are negotiating a partnership to make the bank an exclusive airline credit card partner, CNBC reported on Friday, citing sources briefed on the matter. According to the report, the US carrier has been talking with banks and card networks for several months on a...
Citigroup Inc. said on Friday that its revenues in the second quarter of 2024 amounted to $20.1 billion, rising 4% compared to the same period a year earlier and matching analysts' expectations.Net income jumped 10% year on year to $3.2 billion, or $1.52 per diluted share. Return on average...
In the coming days, traders will be met with a fresh batch of corporate earnings reports, with JPMorgan Chase & Co. being one of the more prominent names on the list.The company will unveil its second-quarter results on July 12. According to analysts, the American multinational finance firm is...
The United States Federal Deposit Insurance Corporation (FDIC) rejected Citigroup Inc.'s "living will," a legal report filed annually with US regulators meant to guide that company's process of liquidation under the US bankruptcy code, should it fail, the Financial Times reported.The FDIC's...
Britain's banking and financial regulators said on Wednesday they had fined Citigroup over £61.6 million for significant failures in its trading systems and controls.
The Prudential Regulation Authority (PRA) fined Citigroup £33.8 million for trading system failings from April 1, 2018, to May 31, 2022, while...
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