The Latest Breaking News from Citigroup

United Overseas Bank (Thai) or UOBT has set an ambitious goal to double its retail customer base in the Thai market over the next several years after an integration between UOB Group and Citigroup's consumer banking businesses.

SINGAPORE: Citigroup said on Tuesday it had completed the sale of its Thailand and Malaysia retail banking businesses to Singapore's United Overseas Bank (UOB) in a transaction expected to result in a regulatory capital benefit of $1 billion.

The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises. Instead, many of the world's biggest powers are now intent on undermining one another, with unsettling economic implications.

Amazon.com, Inc. (NASDAQ: AMZN) reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.

Meta Platforms, Inc. (NASDAQ: META) reported worse-than-expected Q3 EPS and issued Q4 revenue guidance with a midpoint below estimates. The company also guided FY23 expenses of $96 billion to $101 billion. Meta Platforms shares dropped 22.1% to $101.20 on Thursday.

Alphabet Inc. (NASDAQ: GOOGL) reported weaker-than-expected earnings results for its third quarter after the closing bell on Tuesday.

The U.S. is reportedly in discussions to subject Elon Musk’s companies to national security reviews . Tesla Inc’s (NASDAQ: TSLA) CEO has also been locked in a battle over buying Twitter Inc. (NYSE: TWTR).

Someone with a lot of money to spend has taken a bullish stance on Citigroup (NYSE:C). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Big U.S. bank stocks kicked off third-quarter earnings season on Friday with a mixed bag of numbers on a difficult day for the market.

The outlook of the U.S. economy from Wall Street’s biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient

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