US Regulators Ease Compliance and Risk Controls for Citigroup
Originally Published 24 days ago — by Financial Times
The US regulator has eased some compliance requirements for Citigroup, potentially reducing regulatory burdens on the bank.
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JPMorgan and Major U.S. Banks Prepare for Q3 Earnings Reports
Originally Published 3 months ago — by TipRanks
Big U.S. banks JPMorgan Chase, Wells Fargo, and Citigroup are set to report their earnings tomorrow, a key event for financial markets and investors. The upcoming reports are expected to provide insights into the health of the banking sector amid ongoing economic uncertainties.
Trump's Wealth Finds New Support at Citi
Originally Published 3 months ago — by Bloomberg.com
After being shunned by major banks, Donald Trump's money has found a new home at Citigroup, where his son Eric Trump established a trust holding some of his assets, marking a significant shift in his banking relationships amid past financial and political controversies.
Citi's Recovery Boosts Raghavan's CEO Prospects
Originally Published 3 months ago — by Bloomberg.com
Vis Raghavan's strategic move to Citigroup has revitalized its investment banking division, positioning him as a potential successor to CEO Jane Fraser, amid significant restructuring and hiring efforts that have boosted the bank's dealmaking performance and market share.
US Financial Giants Commit $1.7 Billion to UK Ahead of Trump Visit
Originally Published 3 months ago — by TipRanks
Bank of America, Citigroup, and BlackRock are leading a $1.7 billion investment in the UK, highlighting significant financial activity by major US financial institutions in the UK market.
Citigroup Transfers $80 Billion in Wealth Assets to BlackRock
Originally Published 4 months ago — by Bloomberg.com
Citigroup is outsourcing $80 billion of client assets to BlackRock, closing its last in-house asset management operations to streamline its wealth business and focus on the mass affluent market, with the new partnership expected to enhance capabilities and expand private markets management in the future.
Citi Probes HR Complaints Against Wealth Chief Andy Sieg
Originally Published 4 months ago — by Bloomberg.com
Citigroup is investigating complaints against its wealth-management chief, Andy Sieg, for alleged intimidating and unfair behavior, including incidents involving senior female executives. The law firm Paul Weiss has completed its inquiry, which was prompted by internal complaints and anonymous reports, amid ongoing efforts to reshape the bank's wealth division under CEO Jane Fraser. Despite the controversy, Sieg remains a key figure in Citigroup's leadership and the bank's efforts to expand its wealth business.
Citigroup Expands into Crypto and Stablecoins Amid Industry Shift
Originally Published 5 months ago — by Cointelegraph
Citigroup is considering offering cryptocurrency custody and payment services, focusing initially on stablecoin backing assets and crypto-linked ETFs like Bitcoin and Ether, as part of its broader engagement with blockchain and crypto markets, supported by recent regulatory clarity and industry momentum.
Citigroup and Wall Street Expand into Stablecoins and Digital Assets
Originally Published 5 months ago — by Reuters
Citigroup is exploring offering custody and payment services for stablecoins and digital assets, including potentially issuing its own stablecoin, driven by recent U.S. legislation and growing demand for crypto-related financial services.
Citi Launches Strata Elite Card to Compete with Amex and Chase in Premium Credit Market
Originally Published 5 months ago — by Bloomberg
Citigroup launched the 'Strata Elite' premium credit card with a $595 annual fee, offering extensive travel rewards, airport lounge access, and partnerships with American Airlines, aiming to compete with high-end cards from Chase and American Express.
Jamie Dimon's Firing Sparks Family Concerns About Future
Originally Published 5 months ago — by Fortune
Jamie Dimon was fired from Citigroup in 1998, a moment he recalls vividly, including his daughters' reactions. After leaving Citi, he considered roles at Amazon and Home Depot before leading Bank One, which he bought into heavily, eventually becoming CEO of JPMorgan Chase, now worth $3 billion.
Citigroup Surges 25% on Strong Trading and Investment Banking Gains
Originally Published 6 months ago — by CNBC
Citigroup exceeded second-quarter expectations with a 25% increase in net income to $4.02 billion, driven by strong market and banking revenues amid market volatility, and raised its full-year revenue guidance to $84 billion, while also increasing its dividend.
Citigroup Q2 Earnings Preview and Recent Profit Surge
Originally Published 6 months ago — by TipRanks
Citigroup is set to report its Q2 2025 earnings, with expectations of a 5.9% increase in EPS to $1.61 and a 4% revenue growth to $20.96 billion. Analysts are optimistic about the bank's momentum, with price targets raised and a consensus of moderate buy ratings, indicating a potential 10% upside. Options traders anticipate about a 4.23% move in the stock following the earnings release.
Citigroup to Create Over 2,460 Jobs in Charlotte, NC
Originally Published 6 months ago — by Charlotte Observer
Citigroup and AssetMark are investing over $26 million in Charlotte, creating more than 750 jobs, with Citigroup establishing a major office facility and AssetMark expanding its East Coast hub, supported by state and local incentives.
Citigroup to Cut 3,500 Tech Jobs in China Amid Global Restructuring
Originally Published 7 months ago — by Financial Times
Citigroup has laid off 3,500 tech employees in China as part of a cost-cutting and restructuring effort, affecting divisions in Shanghai and Dalian, with some roles to be relocated abroad. The move aims to improve efficiency amid broader challenges in the Chinese market and follows similar layoffs by other foreign banks. The bank emphasizes that core operations in China remain unaffected, and the layoffs are part of a strategic shift to streamline global operations.