Citigroup Inc
Affirm's stock quintupled this year, beating all tech peers, on buy now, pay later boom
Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value. Affirm investors are wrapping up 2023 in a much different mood. The […]
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Citigroup to close global distressed-debt business as part of CEO Jane Fraser's overhaul
A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016. Michael Nagle | Bloomberg | Getty Images Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC […]
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Treasury yields fall as traders continue on to evaluate potential clients of futures Fed level cuts
The 10-12 months U.S. Treasury produce retreated on Tuesday, reversing training course from the former day’s trade and continuing a basic downward craze about the past 7 days. The produce on the benchmark 10-12 months take note was down 5 basis factors at 3.907%, having fallen below 4% on Thursday to strike its least expensive […]
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Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely […]
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Broadcom stock spikes, on speed for ideal day in a year
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Photographs Broadcom shares jumped about 9% Monday after Citigroup resumed its protection of the inventory with a acquire score and up to date its rate focus on to $1,100. Shares are at this time buying and selling all around $1,034. Citigroup mentioned it […]
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Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing exceptions, are used by mortgage personnel to help secure deals […]
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Treasury yields inch increased in advance of Fed meeting
U.S. Treasury yields have been fractionally better on Monday, as investors appear ahead to this week’s Federal Reserve policy meeting. The yield on the benchmark 10-calendar year Treasury observe was just in excess of a solitary foundation stage higher at 4.2563%, although the produce on the 30-yr Treasury bond was just underneath a level greater […]
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Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Wall Street CEOs on Wednesday pushed […]
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GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated […]
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Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, D.C., March 22, 2023. Valerie Plesch | Bloomberg | Getty Images Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by […]
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