Citigroup's massive restructuring to cost $1B, won't be completed until next quarter
Citigroup Chief Financial Officer Mark Mason said Wednesday the bank's largest reorganization in decades will cost about $1 billion for charges related to restructuring and severance.
Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
The heads of America's largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.
Citigroup Inc. (C) Presents at Goldman Sachs 2023 U.S. Financial Services Conference (Transcript)
Citigroup Inc. (NYSE:C ) Goldman Sachs 2023 U.S. Financial Services Conference December 6, 2023 8:40 AM ET Company Participants Mark Mason - CFO Conference Call Participants Richard Ramsden - Goldm...
Citi's 2023 revenue expected to be at lower end of forecast, CFO says
Citigroup's full-year revenue is expected to be towards the lower end of its previous forecast, at around $78 billion, Chief Financial Officer Mark Mason said at a conference on Wednesday.
Citi's Diamandakis Sees 2024 as a ‘Big Deal Year'
Anthony Diamandakis, global head of global asset managers at Citi, says there is “an estimated $3 trillion in private hands,” as he explains why his firm expects a pickup in deal activity next year...
Citi (C) Partners With Traydstream to Automate Document Services
Citigroup (C) teams up with Traydstream to provide a cloud-based trade documentation platform.
Citigroup (C) Increases Despite Market Slip: Here's What You Need to Know
In the closing of the recent trading day, Citigroup (C) stood at $47.37, denoting a +0.3% change from the preceding trading day.
Here's Why Citigroup (C) Fell More Than Broader Market
In the latest trading session, Citigroup (C) closed at $45.08, marking a -0.33% move from the previous day.
Citigroup stock price: Citi turnaround strategy faces headwinds
Citigroup (NYSE: C) stock price is doing modestly well this year as investors cheer Jane Fraser's turnaround strategy. The shares have risen by about 2.65% this year, outperforming other Wall Stree...
Citigroup: Asymmetric Risk-Reward Opportunity
Citigroup's target of 11% to 12% return on tangible equity in the medium term is doubted by analysts and investors. If Citigroup achieves its target, the share price could reach 1.1x to 1.2x tangib...
Streamlining Efforts & NII Aid Citigroup (C) Amid Cost Woes
A rise in NII and streamlining of its international operations are likely to support Citigroup (C). Yet, a rise in operating costs and muted non-interest income are headwinds.
Citigroup (C) Plans to Enter Private Credit in Early 2024
Citigroup (C) plans to enter the private credit market by early January 2024.
Citigroup (C) Initiates Layoffs Amid Organizational Overhaul
Citigroup (C) initiates layoffs of various senior manager roles as part of significant changes in its organizational structure.
Citigroup (C) Closes Sale of Indonesia Consumer Banking to UOB
The sale of Citigroup's (C) Indonesia consumer businesses to UOB Indonesia marks the company's final full consumer divestiture in Asia.
Citigroup Begins Next Phase of Previously Announced Restructuring
Citigroup has begun the next phase of its previously announced organizational changes. “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as...
Related Companies