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The Latest Breaking News from Citi

Former Citi VP in Chicago charged with elder fraud

Helen Caldwell, whose actions were spotlighted in an Injustice Watch investigation published by the Sun-Times, is charged with bilking $1.5 million by steering elderly banking clients to invest in her side deals producing slasher movies.

Chicago Sun-Times

US Banks Report Mixed Results, See Consumers As Still Fairly Healthy

Large US banks reported mixed results Friday, dented by exceptional costs connected to job cuts and to replenishing a federal fund tapped during last year's crisis involving midsized lenders.

International Business Times

Citigroup to cut 20,000 jobs after steep quarterly loss

JPMorgan Chase posts record annual profit as earnings season gets under way

The Guardian - US

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Banking giant Citi could cut hundreds of London jobs as it aims to reduce headcount by 20,000

It comes as the firm reported a $1.8 billion loss for 2023

Evening Standard

A rare Netflix skeptic on Wall Street says it fails the grandmother test: The winner of the streaming wars will have to do too much to stay on top

Citi's Jason Bazinet downgraded Netflix because of its narrative. "If you can explain a story in two lines to your grandmother, that will get a higher multiple"

Fortune

S&P 500 Housing Stocks Rally Near Buy Points. KBH Earnings Slide On Falling Home Prices.

These two S&P 500 stocks rallied around buy points Wednesday.

Investors Business Daily

This Big Bank Rallies As Q4 Reporting Gets Underway; Citi To Ax 20,000 Jobs

Four banks broke out ahead of Q4 results. BAC and top bank ETF are near buy points. JPM stock was upgraded to buy but Wells Fargo is seen leading earnings.

Investors Business Daily

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Analysts, Unfazed By 737 Max 9 Grounding, Say Spirit And Boeing Stock Are Buys

Analysts still rate Boeing stock, Spirit AeroSystems a buy after the FAA grounded all 737 Max 9 aircraft.

Investors Business Daily

Tesla Reported Record Deliveries. Here's Why Wall Street Is Keeping Its Powder Dry.

Analysts are focusing on Q4 earnings and potential headwinds to the EV business in 2024.

Investors Business Daily

Frequent American Airlines flyers can earn miles and get lounge access with this premium rewards card

This card comes with a free Admirals Club® membership, which is valued at $850 alone.

Fortune

American Airlines boarding groups: What to know (and how to upgrade)

Wondering how to upgrade your boarding group the next time you travel with American Airlines? Here are four methods to ensure you board more quickly.

Fortune

Nike Stock Dives On Earnings, Revenue Guidance, As Dow Giant Plans To 'Streamline' Business

Nike earnings topped views while revenue was in line. The Dow giant aims to "streamline" operations to slash costs. Nike stock tumbled late.

Investors Business Daily

Will Broadcom Stock Hit $1,200 Per Share Next Year?

Dividend-paying semiconductor stock Broadcom offers steady investment income, plus the prospect of rapid AI growth. Are analysts lowballing this mega-cap chip stock?

Barchart

Despite Historic Pay Discrimination Settlement, Little Has Changed for Women on Wall Street

The $215 million deal made headlines, but the industry pay gap persists, along with new cases of sexual harassment.

Capital & Main

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Top News

Citigroup Entices Departures with Early Partial Bonuses

Citigroup spins a tempting tale, offering a healthy sprinkling of early bonuses. A not-so-subtle nudge for departures? Magic? Nope! Simply business.

Fortune

Citigroup used a London banker as ‘scapegoat’ in $45m failure—now he wants to return to work for the bank after winning an unfair dismissal lawsuit

Ian Weir was fired by the bank in 2021 but his lawyers argued he was used as a "scapegoat" in a "cleaning house" operation.

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news in one place.

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Investors Business Daily

Nike Stock Gets Buy Rating, Analyst Sees Margin Boost For Dow Jones Retailer

Nike stock rose early Monday after Citi upgraded the Dow Jones athletic retailer to buy based on margin recovery expectations.

Fortune

How to cancel your credit card

The length of your credit history counts for 15% of your credit score so consider how closing your credit card will affect your score.

Kiplinger

Is A Recession Looming? Two Big Bank CEOs See It That Way

Recession is likely, Citi's CEO told a Senate panel today, a sentiment echoed by JP Morgan's chief executive last week.

Fortune

Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers

The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.

Fortune

Members of Navy Federal CU have exclusive access to this lucrative cash back card

Joining Navy Fed gets you access to this card that pays up to 1.75% on all purchases with no limits.

Fortune

Unique 3% cash-back categories for flexible spending

The Bank of America Customized Cash Rewards card offers flexible 3% cash-back categories plus up to 75% more rewards for BofA Preferred Rewards members.

Fortune

TD Cash Credit Card: Cardholders can personalize their spending categories to increase their rewards potential

The TD Cash Credit Card is a $0 annual fee card that allows cardholders to choose a spending category to earn 3% and 2% cash back every quarter.

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