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The Latest Breaking News from Jane Fraser

One of the world's richest men knows why Silicon Valley Bank really failed: 'People on iPhones'

Stephen Schwartzman, worth $42 billion and at the head of a firm managing almost $1 trillion, says social media is what doomed the bank.

Fortune

'There were a couple of Tweets and then this thing went down': Citigroup CEO Jane Fraser says a social media bank run on SVB is a 'complete game changer'

Banking crises have happened before, but this may be the first one accelerated by mobile banking and social media.

Fortune

Citi boss blames banking crisis on a few black sheep: ‘This is not a credit crisis’

Silicon Valley Bank and Credit Suisse only really have themselves to blame for their collapse, argued the native Scot.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

The return to the office once seemed inevitable. A new study shows companies are already reversing course

Return-to-office mandates are the exception, not the rule. It’s likely that 2023 will see more employees working remotely, not less.

Fortune

The crypto kids are onto something–and they shouldn’t listen to billionaire bankers like Jamie Dimon

Crypto's most vocal critics also happen to be the biggest winners of the legacy financial system.

Fortune

China’s future to AI and jobs: five big questions from Davos

From the threat of AI weaponising spam to a trade war sparked by green subsidies, the taxing topics at this year’s World Economic Forum

The Guardian - UK

Citi is ordering its low-performing remote workers back to the office

Low performers don't get to work remotely, CEO Jane Fraser said at Davos.

Fortune

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Biggest CEO successes and setbacks: 2022’s triumphs and 2023’s challenges

How the likes of Satya Nadella, Elon Musk, Mark Zuckerberg, and Cathie Wood did in 2022–and the challenges that await them in 2023.

Fortune

Citi CEO Jane Fraser: ‘If grandma’s investing in crypto, we better have protections in place.’

Until investor protections are established, traditional banking won't fully jump into the crypto fray.

Fortune

Lithium baron Kent Masters is ‘accelerating’ his U.S. investment plans

The incentives are working.

Fortune

Cyclone, absences threaten to dull Hong Kong finance meeting

A tropic storm and absences of VIP guests are casting a shadow over a financial conference meant to help Hong Kong restore its image as a financial hub and destination for business travel

The Independent UK

Citigroup: Buy, Sell, or Hold?

The shares of the renowned megabank Citigroup (C) have slumped more than 20% in price this year. Furthermore, with geopolitical issues taking a toll on the global economy and Wall Street seeing a risk of default by major banks, is C a smart investment now? Read on.

StockNews.com

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

Benzinga

Citigroup In Talks With Potential Buyers For Russia Retail Ops: Bloomberg

Chief Executive Officer Jane Fraser said that Citigroup Inc (NYSE: C) is reportedly in "active dialog" with potential buyers of its consumer and commercial banking operations in Russia.

Benzinga

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