Citigroup

New York Attorney General Letitia James wants the bank to pay back defrauded customers. New York Attorney General Letitia James wants the bank to pay back defrauded customers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do…

Jan. 16, 2024 12:01 am ETOne of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies.Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal…

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 ImagesCitigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank's results and stock price.About 20,000 employees will be let go over the "medium term," New York-based Citigroup said Friday in a slideshow tied to fourth-quarter earnings. While it wasn't immediately clear how long…

Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty ImagesCitigroup reported fourth-quarter earnings before the opening bell Friday.Here's what the company reported compared with what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, were expecting:Earnings: adjusted 84 cents a share, may not compare…

Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment.  So far, households have continued to spend and borrow, despite higher borrowing costs, and businesses have hired at a healthy pace. The biggest banks have reaped the rewards. JPMorgan, Wells Fargo and Bank of Americaturned in strong profit growth for the first three…

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank's reorganization came in far higher than disclosed by the company's CFO just weeks ago.The bank said its fourth-quarter results, scheduled to be released Friday morning, were impacted by $880 million in currency conversion losses from the peso and $780 million in…

New York City and New Jersey residents who are already exasperated by periodic increases in MTA subway fares are going to lack even more options for cheap public transit. Out of the blue on Thursday, Citi Bike suddenly announced its bike share program was raising prices across the board, impacting annual paying members and non-members alike.Let’s Eat a Chocolate Xbox ControllerCiti Bike riders received emails alerting them to the cost increases, impacting Citi Bike and Lyft Pink subscribers, daily riders, and Reduced Fare…

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 ImagesCitigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC has learned.The company decided to close its global distressed-debt group, according to people with direct knowledge of the move.Citigroup is exiting businesses with poor returns to bolster the bank's odds of…

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 ImagesCitigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.Workers can log in remotely from anywhere in their country of employment from Monday to Dec. 29, a Friday, making this week the last in-person experience this year for many staffers, according to people with knowledge of the…

Listen to article(2 minutes)Looking to get promoted quickly or avoid being underpaid? Then find companies where managers rise through the ranks, where promotions come with bigger pay bumps, or where employees stick around and build careers.That information has been hard for employees to find. A new ranking of Fortune 500 companies seeks to help job-hunters avoid dead-end jobs. The 2023 American Opportunity Index rates companies by how well they help employees, especially those without college degrees, move into better,…