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The Latest Breaking News from Citi

EPA froze 'green bank' funds worth billions, climate group suit says

A nonprofit that was awarded nearly $7 billion by the Biden administration to finance clean energy and climate-friendly projects has sued the Environmental Protection Agency, accusing it of improperly freezing its account

The Independent UK

Is Amazon Stock a Buy, Sell, or Hold Ahead of Alexa+ Launch?

Alexa’s AI makeover marks a bold new chapter for Amazon, but will it be a game-changer for the stock or just another costly experiment?

Barchart

Citi's $81 trillion mixup underscores the risks of manual processes

"Human error is inevitable," says an accounting expert.

Fortune

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Bank error in your favor: Citigroup admits it mistakenly credited a customer $81 trillion - instead of $280.00

The bank had 10 ‘near misses’ last year of at least $1 billion, according to a report

The Independent UK

Citigroup's $81 trillion mistake is a warning sign 'that operational risk is still a ticking time bomb in banking,' expert says

It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead of $280.

Fortune

Citigroup makes $81 trillion mistake

The bank reversed the mistake several hours after making it

Salon

Citigroup credited client’s account with $81tn before error spotted

US bank meant to send $280 but no funds were transferred despite ‘fat finger’ mistake

The Guardian - UK

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UK regulator fines four banks £100m over traders’ sharing of information

HSBC, Citi and Morgan Stanley among five banks CMA investigated for competition law breaches between 2009 and 2013

The Guardian - UK

Banks fined £100m after traders shared sensitive information in chat rooms

For four years after the financial crisis bank staff were sharing information about the Government debt they were buying and selling, regulators said.

Evening Standard

Four banks fined £100m over chat room messages

HSBC, Citi, Royal Bank of Canada and Morgan Stanley were all fined, while Deutsche Bank received immunity for reporting its conduct to authorities

The Independent UK

Four major City banks fined more than £100 million by watchdog

CMA investigation found that traders were sharing information about the gilts market in chat rooms

Evening Standard

Should You Buy This Cheap Turnaround Stock Now?

Nike trades at less than half of its 2021 high as it battles multiple headwinds. The stock looks quite attractive for someone willing to take a long-term view and bet on the company’s turnaround.

Barchart

Carrying high-interest debt? Here’s when to consider a balance transfer—and when you shouldn’t

Running the numbers showed that a balance transfer card was right for me, but that’s not the case for everyone. Here’s what you should know.

Fortune

Warren Buffett’s $1.24 billion bet on Modelo maker is 'perfect example of value investing'

Citi's lead beverages analyst Filippo Falorni views Berkshire Hathaway's investment as "a perfect example of value investing."

Fortune

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Barchart

Warren Buffett Sold This High-Yield Dividend Stock. Should You?

Berkshire Hathaway sold over two-thirds of its Citi stake in Q4.

Barchart

Dear Nvidia Stock Fans, Mark Your Calendars for February 26

With earnings day approaching, Nvidia fans await Feb. 26 to see if Wall Street’s optimism holds strong or if the rally has truly lost steam amid fresh competition.

Fortune

Citi’s Jane Fraser is bucking the RTO trend

CEO Jane Fraser is maintaining a hybrid work policy and positioning the bank's flexibility as a competitive recruitment advantage.

The Guardian - UK

Citigroup commits to hybrid working, bucking Wall Street trend

Managers told letting most staff continue to work up to two days from home will give bank competitive advantage

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news in one place.

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Barchart

Citi Analysts Are Doubling Down on Nvidia Stock. Should You?

While Nvidia’s historic plunge has investors worried, should they follow Citi's bullish stance on the AI chip giant or wait on the sidelines?

Barchart

Citi Analysts Think This Robotic AI Stock Can Surge Another 25% From Here

This robotic AI stock is a “buy and hold” stock for the long term despite its lofty valuation.

Tom’s Guide

These 'Cobra Kai' cast members will celebrate the show's final season at PaleyFest L.A.

'Cobra Kai' actors and creators will be in attendance at PaleyFest L.A. 2025 to tease what's coming in the big finale

Barchart

This Outperforming Dividend Stock Could Continue Rallying Under Trump

Citigroup shares hit their 52-week high on Jan. 17. The stock has a healthy dividend yield of 2.8% and could continue to shine under Donald Trump’s presidency.

MarketBeat

Hims & Hers Health: A Stock to Trade or Own?

HIMS achieved remarkable growth in 2024 but now faces challenges in 2025, raising the question of whether it suits traders better than long-term investors.

Fortune

JPMorgan's Marianne Lake is lone female contender in succession race

Piepszak will become the firm's COO, but isn't interested in the CEO job.

Fortune

Citigroup faces £1bn bill on London HQ overhaul amid RTO push

The bank's outlay means it has spent nearly as much on renovations as it did buying the building.

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