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The Latest Breaking News from Citigroup

Citigroup Stock Shows Improved Relative Price Performance; Still Shy Of Benchmark

A Relative Strength Rating upgrade for Citigroup shows improving technical performance. Will it continue?

Investors Business Daily

George Santos calls himself ‘simple minded’ and claims support from Kyrsten Sinema. She denies it

In an interview about his deceptions, the Republican congressman also claimed he spoke with the Arizona senator. Her office called that another lie

The Independent UK

George Santos admits fabricating work experience and calls Mitt Romney ‘racist’ in bizarre interview

Mr Santos said the Utah senator is ‘prejudiced against minorities’ but offered no evidence to support his claim

The Independent UK

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How Wall Street’s fossil-fuel money pipeline undermines the fight to save the planet

Big banks and investment firms have joined the ranks of companies making "net-zero" pledges. But their huge stakes in oil and gas projects are undermining their climate promises.

Fortune

How China’s Yuan Props up Putin’s Anemic Budget

Russia has started selling its growing reserves of the Chinese currency to fill a budget deficit caused by falling oil and gas revenues and the costs of war.

The News Lens

Are voters stuck with George Santos?

The newly elected fabulist's web of lies won't necessarily get him ejected, but it raises ethical concerns

Salon

These major banks see a "mild recession" coming in 2023

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher interest rates.

Axios

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Voters have few options to remove George Santos from Congress – aside from waiting until the next election

There are mounting calls from both politicians and voters to force the newly elected apparent fabulist U.S. Rep. George Santos from Congress following revelations he fabricated his background and other details of his life.

The Conversation

Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year

Wall Street banks are building cash reserves to cope with a “mild recession.” It’s a more optimistic outlook than some CEOs have previously offered.

Fortune

Dow Jones Falls 250 Points As JPMorgan Slides On Earnings; Tesla Dives On Price Cuts

The Dow Jones Industrial Average fell 250 points Friday, as JPMorgan sold off on earnings. Tesla stock dived on U.S. and European price cuts.

Investors Business Daily

Dow Jones Futures Fall: JPMorgan Earnings, UnitedHealth Top; Tesla Slashes U.S., European Prices

UnitedHealth earnings topped, with JPMorgan and several banks on tap. Tesla slashed its U.S. and European prices.

Investors Business Daily

How Much Will Bank Stocks Move On Earnings? Draw Estimates With Option Prices

Bank stocks are expected to move between 3.80% and 5.90% over this week’s earnings announcements. Here's what the option market is saying.

Investors Business Daily

How To Bet Against A Blowout On Citigroup's Earnings

Citigroup has only realized an average move of 3% on prior earnings events.

Investors Business Daily

The GOP war on green investing

From the U.S. House to state governments, the GOP takes aim at pro-climate finance strategies

Salon

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news in one place.

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Fortune

Crypto took such a beating in 2022 that U.S. regulators have teamed up for the first time to sound the alarm to banks

Deutsche Bank, Wells Fargo, Citigroup and Bank of America have all invested in crypto staffing divisions in recent years.

Zenger

Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report

Banking giant Citigroup considered partnering with Alameda Research, now-bankrupt crypto trading firm, to launch a crypto lending.

Daily Mirror

New congressman admits lying about background and pretending to be 'Jew-ish'

Republican rep for New York, George Santos, admitted "sins" of "embellishing" his resume and that his false claim of being Jewish was due to a tenuous maternal link, which he refered to as being "Jew-ish"

The New Daily

Newly elected US congressman admits his life story is all made up

From his education, to his heritage, George Santos has admitted he "embellished" during his successful campaign.

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news in one place.

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Salon

Democrats call for GOP faker to quit

George Santos says he's sorry for "having embellished his résumé" — but his claim to be Jewish might sink him

Tribune News Service

Looking for votes, GOP leader McCarthy might have to look past Rep.-elect Santos' serial fabrications

WASHINGTON — U.S. Rep.-elect George Santos’ serial fabrications about his life story sets up a key test for Republican leader Kevin McCarthy, who’s struggling to win next week’s vote for House speaker.

Reason

"Liar Rep.-Elect George Santos Admits Fabricating Key Details of His Bio"

The New York Post (Victor Nava & Carl Campanile) reports: "My sins here are embellishing my resume. I'm sorry," Santos said Monday. Santos confessed he had "never worked directly" for Goldman Sachs and Citigroup, chalking that fib up to a "poor choice of words." The 34-year-old now claims instead that…

The Independent UK

Newly elected Republican admits to lying about his background but insists he won’t step down

Santos won Long Island’s Nassau County seat in midterm elections

The Independent UK

Embattled GOP congressman-elect George Santos promises to address holes in resume next week

Democrats jump on New Yorker’s apparent fictions after failing to weaponise them during 2022 midterms

The Independent UK

Rep.-elect George Santos silent amid questions about resume

A Republican who won a seat in the U.S. House in the November election is under pressure to explain himself amid evidence he fabricated parts of his life story

The Independent UK

GOP congressman-elect responds to accusations of faking his background story with a fake quote

George Santos’s election was key to the GOP attaining majority in the House

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