The Latest Breaking News from Citi

The longtime finance chief prepares to hand off the CFO role to Gonzalo Luchetti after helping steer Citi through restructuring and solid performance in 2025.

Fortune's Most Powerful Woman on Wall Street is cutting 1,000 jobs now, with tens of thousands more to come as she says "old, bad habits" are over.

Nio is like a speculative survivor rather than a clear winner for 2026, with subsidies, record deliveries, and improving margins offset by brutal price-war consolidation, persistent losses, and only about 10% implied upside from a cautious Hold‑rated analyst consensus.

Defence stocks and miners climbed as the FTSE 100 closed above 10,000 for the first time.

March S&P 500 E-Mini futures (ESH26) are up +0.27%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.64% this morning, pointing to a higher open on Wall Street despite fresh geopolitical tensions following the U.S. military operation that captured Venezuelan President Nicolas Maduro.

Citi has secured internal approvals to sell its remaining business in Russia to Renaissance Capital, moving closer to an exit from the market after years of delays.

Worries about Marvell’s future revenue from Amazon and Microsoft could be overdone.

Bank stocks are rallying into year-end, but while Citi still has momentum and Wells Fargo is ready to play catch up, Goldman’s rally could be topping out.

The bank said prices have been driven higher this year by a combination of shocks, including adverse weather in major producing countries and logistical disruptions