Citigroup

Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup Inc. was fined £61.7 million ($79 million) by British regulators for failing to prevent a "fat finger" mistake worth $444 billion.

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Citigroup CEO Shares How Inflation Affects Consumer Behavior; Jane Fraser Says Low-Income Americans Now More Cautious With Spending

Citigroup CEO Shares How Inflation Affects Consumer Behavior; Jane Fraser Says Low-Income Americans Now More Cautious With Spending

Citigroup CEO Jane Fraser said she's seeing a "K-shaped consumer" as the U.S. inflation continues. Here's what she meant by that.

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Citigroup to Complete Sweeping Overhaul This Week After Laying Off 5,000 Employees

Citigroup has entered the final phase of an extensive overhaul to streamline its operations and enhance performance.

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Citigroup Sells Most Non-US Consumer Businesses as Its Biggest Overhaul Progresses

Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China.

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Billionaire Warren Buffett Tells Citigroup CEO Jane Fraser to Continue Overhaul: Report

Billionaire Warren Buffett Tells Citigroup CEO Jane Fraser to Continue Overhaul: Report

Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.

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Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know

Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.

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Citigroup's Plan to Set up Securities Business in China Faces Delay

Citigroup's Plan to Set up Securities Business in China Faces Delay

Citigroup Inc. is reportedly facing delays in its plans to establish a fully-owned securities business in China.

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US Investment Banking Returns To Spotlight

The banking investments in U.S. have made a come back. Their patience is now rewarded. JP Morgan and Citi standout this third-quarter.

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JPMorgan advises investors to vote against the splitting proposal

JPMorgan Chase has advised its shareholders to vote against the proposal to split up the bank. The bank warned its shareholders that the breakup proposal will not benefit its investors.

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Investment Banking Fees fall 29% in Q1

Fees in investment banking sector across the world declined 29% during the first three-month period of 2016 as uncertainty in the global market halted deal proposing activities and other investment events.

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KBW Suggested to Break Citigroup to Increase Shareholders' Value

The analyst at Keefe, Bruyette & Woods believed the breakup would increase shareholders value by 57%. However, Citigroup has asked its shareholders to vote against the too-big-to-fail proposal.

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Financiers Back Away From Coal Ventures, See No Clear Future

U.S. coal industry is facing tough times as one by one files Chapter 11. Due to high debts, decline in demand and stricter regulations, most have no other choice but to shut down. Lately, Peabody Energy announced that it may go bankrupt.

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Shareholders of Citigroup and JPMorgan Will Vote on Potential Breakup

Shareholders of two U.S. prominent banks will vote later this year regarding the breakup plans for the banks. However shareholders are predicted to decline the plan submitted by liberal lobby activist.

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Citigroup in negotiation to appoint Armando Diaz as leader of global capital equities trading business

Citigroup is reportedly in negotiation to appoint Armando Diaz as the global leader of capital equities trading. These appointments signify the bank's effort to construct a robust stock offering business.

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Chase To Replace Amex as Credit Card Leader in America

As Costco will replace its credit card from Amex to Citigroup, a new leader credit card will emerge. Chase will take over the throne of sales volume from Amex.

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