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INX:C, Aug 17, 03:51 UTC

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How Rising Interest Rates Could Drive Citigroup’s Profitability

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Investing in Citigroup Stock: Do Investors Think It Makes Sense? The Federal Reserve kept the funds rate at 0.25% from December 2008 to December 2015. With an improving economy and a lower unemployment rate, it started to raise interest rates for the first time in December 2015 by 25 basis points (or bps) to 0.50%.

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BofA, Citi Banned From Louisiana Bond Sale Due to Gun Policies

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Louisiana is using the bond market to stick up for the Second Amendment. The state’s bond commission voted 7 to 6 Thursday to ban Bank of America Corp. and Citigroup Inc. from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.

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Louisiana Bans Bank of America, Citi from Bond Sale Over Gun Policies

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Louisiana is using the bond market to stick up for the Second Amendment. The state’s bond commission voted 7 to 6 Thursday to ban Bank of America Corp. and Citigroup Inc. from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.

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Citigroup: Expanding Its Balance Sheet while Reducing Risk

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Citigroup’s (C) balance sheet has been growing at a faster pace in recent quarters. Its total assets increased 3% YoY (year-over-year) to ~$1.9 trillion at the end of the second quarter of 2018. It was mainly helped by higher deposits, new assets, increased lending, rate spreads, and broking assets. However, the disposal of some legacy assets and share repurchases partially offset the growth.

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Citigroup Trades at an Attractive Valuation among Bankers

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Investing in Citigroup Stock: Do Investors Think It Makes Sense? The entire banking industry (XLF) was beaten down in the first half of 2018. Citigroup (C) was among the worst performers in the industry, losing ~10% of its value in that period.

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Yesterday


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Wall Street Expects a Huge Surge in Citigroup Stock

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Investing in Citigroup Stock: Do Investors Think It Makes Sense? Citigroup (C) could be an intriguing choice for investors right now, according to Wall Street ratings. As of August 16, 20 of the 28 analysts covering Citigroup stock have recommended a “strong buy” or “buy” recommendation.

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Citigroup CFO John Gerspach to Present at the Barclays Global Financial Services Conference

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John Gerspach, Chief Financial Officer of Citigroup, will present at the Barclays Global Financial Services Conference on Wednesday, September 12, 2018. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

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Citi settles U.S. SEC charges over bad controls, supervision

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Citi settles U.S. SEC charges over bad controls, supervision. WASHINGTON, Aug 16 (Reuters) - Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, U.S. regulators said on Thursday. The other concerned a trader mismarking illiquid positions and unauthorized proprietary trading by Citigroup Global Markets Inc (CGMI) from 2013 to 2016, the Securities and Exchange Commission said. "Fraudulently-induced loans" made by Banamex to Oceanografia that led to $475 million in losses were the result of inadequate controls that prevented them from registering 'numerous red flags' in the borrower's documents," the SEC said in a statement.

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Citigroup settles U.S. charges of bad controls that led it to lose millions -SEC

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Citigroup settles U.S. charges of bad controls that led it to lose millions: SEC. WASHINGTON (Reuters) - Citigroup has agreed to pay $10.5 million to settle charges related to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, and to trader mismarking and unauthorized proprietary trading by Citigroup Global Markets Inc. from 2013 to 2016, the Securities and Exchange Commission said on Wednesday. The SEC said the "fraudulently-induced loans" to Oceanografia that led to $475 million in losses were the result of inadequate controls that prevented them from registering "numerous red flags" in the borrower's documents. Similarly, it said that inadequate supervision allowed the CGMI traders to mismark illiquid positions and cover up $81 million in losses.

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Citi Draws SEC Fine for Unauthorized Trading, Other Violations

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Citigroup Inc. was fined $10.5 million for multiple infractions, including allegations that employees engaged in unauthorized proprietary trading, a practice that regulators famously restricted after the 2008 financial crisis. Three Citigroup traders mismarked illiquid positions in proprietary accounts from 2013 to 2016, in two instances to cover losses from unauthorized transactions, according to a Thursday statement from the Securities and Exchange Commission. The SEC sanctioned Citigroup in part for failing to detect the misconduct sooner and for inadequate supervision of the traders.

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