Citigroup Inc
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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CNBC Day by day Open: Marketplaces are on a scorching streak
The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Photos This report is from modern CNBC Everyday Open up, our new, international markets newsletter. CNBC Every day Open up brings buyers up to pace on every little thing they have to have to know, no make any difference the […]
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Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex Wong | Getty Images When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number […]
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Singapore bank UOB sees more powerful 2024 outlook, third-quarter internet earnings trails estimate
The United Overseas Lender (UOB) making is pictured in the Raffles Spot fiscal district in Singapore on August 10, 2023. Roslan Rahman | Afp | Getty Illustrations or photos Singapore’s United Overseas Bank, or UOB, expected a stronger outlook for upcoming year including superior mortgage and service fees expansion, as it described on Thursday a weaker-than-expected 1% drop in third-quarter net profit from […]
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Big banks are quietly cutting thousands of employees, and more layoffs are coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders […]
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Morgan Stanley is set to report third-quarter earnings — here’s what the Street expects
James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.28 a share, according to LSEG, formerly known as Refinitiv Revenue: $13.23 billion Wealth management: $6.63 billion, according to StreetAccount Trading: Equities $2.41 billion, Fixed Income […]
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CNBC Each day Open: JPMorgan’s huge income advancement is not probably to persist
The JPMorgan Chase & Co. headquarters in New York, US, on Friday, July 7, 2023. Michael Nagle| Bloomberg | Getty Images This report is from modern CNBC Every day Open, our new, worldwide marketplaces newsletter. CNBC Every day Open brings buyers up to pace on almost everything they want to know, no issue the place […]
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