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The Latest Breaking News from Citigroup

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.

Tribune News Service

"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…

Reason

Wall Street’s big banks score $1 trillion of profit in a decade

Malick Diop felt something shifting on Wall Street.

The Times of India

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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

The Independent UK

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Republican congressman George Santos reportedly fabricated parts of résumé

The incoming congressman’s biography is now being re-examined as opponent claims Santos was ‘running a scam against the voters’

The Guardian - US

The murky details in one congressman-elect's campaign biography

A new report raises serious questions about Rep.-elect George Santos' résumé.

Axios

Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

Fortune

How CEOs can lead in a recession and come out stronger: 5 powerful strategies from corner-office veterans

Battle-tested business leaders from CVS, Southwest Airlines, Honeywell and other Fortune 500 companies share their best ideas for navigating a downturn.

Fortune

Citigroup Unusual Options Activity

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.

Benzinga

This Is What Whales Are Betting On Citigroup

Benzinga

NYC employers’ solution to pay transparency: $100,000 salary ranges

In the brave, newly transparent world for New York City job seekers, many will still be left wondering: Wait, how much does this role really pay?

Tribune News Service

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The Guardian - US

This job pays $60,000 – or maybe $150,000: companies skirt New York salary law

The city is seeking transparency in job ads – but employers aren’t exactly abiding by the spirit of the measure

Texas Observer

Right-Wing Protectionism is Costing Texas

Laws banning the state from doing business with banks that are dubbed anti-fossil fuel or anti-gun could cost 100s of millions in interest.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For November 4, 2022

Upgrades

Evening Standard

The fight goes on to clear the scapegoat of the Libor scandal

City Voices: Veteran traders have nothing but sympathy for Tom Hayes

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Benzinga

Wall Street's Most Accurate Analysts Reshuffled Their Best Semiconductor Picks, Here They Are

As the peak season for the third quarter gets underway, several semiconductor companies have released their earnings reports and investors await reports from other major firms.

Benzinga

Wynn Resorts, Las Vegas Sands And Other Big Casino Stocks From Benzinga's Most Accurate Analysts

As the peak season for the third quarter gets underway, several casino companies have released their earnings reports and investors await reports from other major firms.

Bangkok Post

UOBT wants to double its local retail customer base

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.

Bangkok Post

Singapore's UOB completes deal for Citi's Thailand, Malaysia retail banking ops

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.

Bangkok Post

International Discord Undercuts Global Growth, Worsens Inflation

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.

Benzinga

Amazon To $160? These Analysts Cut Price Targets On Amazon After Q3 Results

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.

Benzinga

Meta Platforms To $200? These Analysts Slash Price Targets On Meta Following Q3 Results

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.

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