#CITIGROUP News

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3 Things DeFi can learn from the Financial Crisis on Bankless

bankless.com Can we prevent yield chasing, musical chairs, & hyper connectedness from bringing down DeFi? Level up your open finance game three times a week. Subscribe to the Bankless…

Global M&A picks up in Q1 after flurry of large deals

aol.com Mergers and acquisitions (M&A) bounced back in the first quarter after a downbeat 2023, thanks to the return of mega deals, cheering investment bankers and lawyers waiting…

Nio Just Cut Delivery Estimates. Is It Time to Sell the Stock?

finance.yahoo.com American depositary shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) plunged as much as 7% Wednesday morning after the company lowered first-quarter delivery…

The banks on the front line of the work-from-home battle

financialpost.com As many professional workers have settled into now well established hybrid work patterns, banks and other financial services companies have stood out in recent weeks for the…

BlackRock's Tokenized Fund Quickly Rakes in $245M, Right Behind Franklin Templeton's Older Offering

coindesk.com BlackRock's first tokenized asset fund is off to a strong start, garnering a significant market share of the blockchain-based tokenized U.S. Treasury market just a week…

Tom Hayes Really Wishes He Did His LIBOR-Rigging In New York

dealbreaker.com Tom Hayes, the former Citigroup and UBS trader who bore the brunt of the backlash against banks rigging the still-just-breathing London Interbank Offered Rate, will not be…

‘I’m not a quitter’: bank trader vows to continue fight after losing Libor appeal

theguardian.com Tom Hayes, the first banker to be convicted over the Libor interest rate scandal, has said he is “not a quitter” and vowed to continue his near-10-year battle to clear his…

Layoffs Watch ’24: Citi

dealbreaker.com The bad news is, by the end of this week, some 5,000 people who worked for Citigroup in September will not anymore, including some 1,500 managers. The good news is, if you…

A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

apnews.com A British financial trader, who has been described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis, lost his appeal…

The Nasdaq Ended February at a Record High. Here's 1 Semiconductor Stock on which Wall Street Keeps Raising Its Price Targets. Hint: It's Not Nvidia or AMD

finance.yahoo.com 2024 has gotten off to a sizzling start in the capital markets. Both the S&P 500 and Nasdaq Composite have soared to record levels. Make no mistake about it -- both indexes…

Visa, Mastercard reach $30 billion swipe-fee deal with US retailers

siliconvalley.com By Paige Smith | Bloomberg Visa and Mastercard agreed to cap credit-card swipe fees — a deal that US merchants say will save them at least $30 billion over five years — in…

Tom Hayes loses appeal against Libor rigging conviction

ft.com Former UBS and Citigroup trader had argued US judgments showed he was innocent

$30 billion credit-card deal with Visa, Mastercard is one of the biggest antitrust settlements ever, capping a nearly 20-year fight

fortune.com Visa Inc. and Mastercard Inc. agreed to cap credit-card swipe fees — a deal that US merchants say will save them at least $30 billion over five years — in one of the most…

3 Stocks With Unusual Call Option Activity

marketbeat.com When traders stampede into call options, it typically means they expect an event to come, pushing the underlying stock higher soon. Because options expire at a given date,…

Baltimore Key Bridge Tragedy Pressures Global Trade: Shipping Already Hit By Panama Canal, Red Sea Challenges

benzinga.com While search and rescue remains the top priority following the tragic collapse of the Francis Scott Key Bridge in Baltimore early Tuesday, the costs to global trade, markets…

How this investment backwater evolved into a $1 trillion asset class

financialpost.com The turbulent years that followed the global financial crisis were not an ideal time for Michael Dorrell and Trent Vichie to be seeding a new infrastructure fund. We…

Forget Nvidia: These 2 "Magnificent Seven" Members Are Considerably Cheaper Artificial Intelligence (AI) Stocks

finance.yahoo.com Over the last 30 years, no next-big-thing trend has changed the corporate landscape more than the advent of the internet. However, the arrival of the artificial intelligence…

Citigroup Upgrades Six REITs In One Morning

finance.yahoo.com The Federal Reserve's reassertion this week that despite recent gains in the consumer price index (CPI) and producer price index (PPI), it still envisions three rate cuts…

S&P 500 boards have hit a tipping point that may lead to more female CEOs

aol.com Good morning, Broadsheet readers! Catherine, Princess of Wales announced she is undergoing chemotherapy treatment for cancer, Tammy Murphy suspended her campaign for a New…

Credit Card Delinquencies Slip as Charge-Offs Keep Rising

pymnts.com Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking…

Forget Super Micro Computer: Billionaires Are Selling It and Buying These 6 Artificial Intelligence (AI) Stocks Instead

finance.yahoo.com It's been three decades since there's been a next-big-thing investment trend that's captivated the attention of professional and everyday investors quite like the artificial…

Hong Kong stocks open earnings-packed week on a cautious note

scmp.com Meituan, China’s biggest on-demand delivery company, surged almost 8 per cent to HK$95.20 after reported a turnaround in its fourth quarter earnings. Aluminium producer…

Hong Kong’s family office hub ambitions spawn private banking opportunities: Citigroup

scmp.com “Hong Kong and broader Asia family offices are relatively younger compared to those in Europe and US and thus seek more education on succession and wealth planning,” he said…

The Citigroup division beset by sexual-harassment claims was also the worst performer among big banks

businessinsider.com A culture of harassment and discrimination reportedly plagues Citigroup's equities-trading division. REUTERS/Brendan McDermid Bloomberg reported new details about sexual…

US Commercial Real Estate on the Brink, China's Economy in Turmoil

tftc.io The world is currently facing significant economic uncertainties, with two major risks at the forefront: the economic situation in China and the US commercial real estate…

Cash bonuses are down across Wall Street. But not for some top execs

finance.yahoo.com Cash bonuses fell across Wall Street during a challenging 2023, according to a new report, but some bosses were able to buck that trend. Cash payouts for New York City…

Media companies club together for a joint sport-streamer

economist.com MORE THAN 100m Americans will tune in on February 11th to the Super Bowl, the biggest event in the country’s sporting calendar—and in its television schedules. In 2023 the…

Bankers have reason to hope Trump triumphs

economist.com Have you noticed that America’s bankers are seething over proposed new capital rules? What gave it away? Perhaps it was the advertisements that warn of dire consequences for…

Wall Street Just Got More Bullish on This High-Yield Energy Stock

finance.yahoo.com A Citi analyst recently upgraded his price target on high-yield energy stock Devon Energy (NYSE: DVN) from $52 to $55, signaling a potential 13.6% upside. Coupled with the…

JPMorgan Chase, Bank of America and Six Financial Giants Pay $70,000,000 Settlement Over Allegations of ‘Widespread Fraud and Collusion’

dailyhodl.com Eight financial giants are shelling out tens of millions of dollars to settle a decade-long whistleblower lawsuit. JPMorgan Chase, Bank of America, Citigroup, Morgan…

These 5 portfolio stocks outran the market in Wall Street's strong week. Here's what fueled their gains

cnbc.com In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom.…

If There Was a "Magnificent Seven" for Dividend Stocks, These Would Be My Top Picks

finance.yahoo.com The Magnificent Seven includes some of the most innovative tech-orientated companies on the market. But what if there was a Magnificent Seven for dividend stocks? Microsoft…

Broadcom Stock Rallies On New AI Chip Customer

investors.com stock surged Thursday on news that the company gained a new AI chip customer. The Palo Alto, Calif.-based company held an investor meeting Wednesday titled Enabling AI…

Italy’s AI watchdog hasn’t been able to hire for any of its 4 open positions: ‘The search process went worse than our low expectations’

aol.com After briefly banning ChatGPT last year, Italy’s government is getting a taste of just how hard it could be to hire anyone capable of using the technology amid a global…

Italy AI watchdog fails to hire for any of its 4 open positions

fortune.com After briefly banning ChatGPT last year, Italy’s government is getting a taste of just how hard it could be to hire anyone capable of using the technology amid a global…

Biden's major semiconductor push is quietly riddled with DEI initiatives

aol.com The highly touted bipartisan CHIPS and Science Act, one of the top legislative victories of President Biden's tenure, is quietly tied to a number of diversity, equity and…

Texas Law Forces Pension Funds and Municipalities to Drop Use of Financial Firms that Support Net Zero

nakedcapitalism.com Yves here. Financialization cuts both ways, as a Texas fight over Net Zero commitments is demonstrating. Major banks and investment houses joined the ESG (“environment,…

Hong Kong stocks slump as corporate earnings disappoint

scmp.com full-year earnings slid to the lowest in five years Ping An Insurance tumbled 4.4 per cent to HK$33.95 after full-year earnings slid to the lowest in five years in 2023. CK…

Broadcom Stock Rallies After Tech Firm Gains New AI Chip Customer

investors.com stock surged Thursday on news that the company gained a new AI chip customer. The Palo Alto, Calif.-based company held an investor meeting Wednesday titled Enabling AI…

6 Of Warren Buffett’s Dividend Stocks Passive Income Investors Love

247wallst.com If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing…

Barclays Layoffs 2024: What to Know About the Latest BCS Job Cuts

investorplace.com Barclays (NYSE:BCS) layoffs are coming to the financial services company reportedly plans to cut hundreds of jobs to reduce operating expenses. According to these reports…

First Steven Mnuchin bought into NYCB, now he wants TikTok

economist.com Time served on Wall Street has long smoothed the path to the top job at America’s Treasury. Before he was the first treasury secretary Alexander Hamilton could boast, among…

3 Billionaires Are Selling Artificial Intelligence (AI) Stock Nvidia and Buying These 10 AI Stocks Instead

finance.yahoo.com For three decades, investors have been privy to no shortage of next-big-thing investment trends. Although nothing has been as transformative as the advent of the internet,…

HSBC leaves prime lending and deposit rates unchanged as borrowers eye interest relief later this year

scmp.com The bank’s decision follows that of the Hong Kong Monetary Authority (HKMA), which left the city’s base rate at 5.75 per cent hours after the Federal Reserve kept its target…

Analysts issue unexpected crude oil price forecast after surge

thestreet.com Oil is an asset defined by volatility. U.S. crude prices stood above $60 a barrel in January 2020, just as the covid pandemic began. Three months later, prices briefly went…

Hong Kong keeps base rate at 5.75% in lockstep with US Fed’s move

scmp.com The Fed’s statement after their second meeting of 2024 was nearly identical to January’s, maintaining the guidance that rate cuts would not be appropriate until there is…

BlackRock Pivots to RWA, With Planned Ethereum Tokenized Asset Fund

cryptopotato.com On March 19, BlackRock revealed that it is preparing to offer a fund through a partnership with digital asset tokenization specialist Securitize. According to a filing to…

QE By A Different Name Is Still QE

zerohedge.com QE By A Different Name Is Still QE Authored by Michael Lebowitz via RealInvestmentAdvice.com, The Fed added Quantitative Easing (QE) to its monetary policy toolbox in 2008.…

Wells Fargo is up more than 15% this year

cnbc.com Wells Fargo shares jumped over the past year as the once-embattled bank continued to clear the regulatory hurdles put in place after the phony accounts scandal of 2016. But…

Barclays touts this portfolio chip name as a '2nd Wave' AI play. Cramer says buy the stock here

cnbc.com Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. U.S. stocks were flat…

Citigroup Boosts NVDA Price Target To $1,030 Amid GTC Hype

coingape.com In a notable gust of recent developments, with the commencement of Nvidia’s much-awaited GTC conference this week, the GPU manufacturer giant marked a monumental milestone…

Kering’s Gucci Warning Wipes $7.6 Billion Off Market Value

finance.yahoo.com Kering SA shares plunged after the French luxury group warned that sales at Gucci, its biggest brand, have fallen about 20% in the first quarter. • None Trump Rules Out…

Citigroup Sees Renewed Interest in M&A, IPOs

pymnts.com The EMEA DisrupTech conference in London, convened by Citigroup, reportedly spotlighted the burgeoning environment for mergers and acquisitions (M&A) in 2024. The event…

Here's everything to expect from the Federal Reserve's policy meeting Wednesday

cnbc.com The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot in terms of changing the outlook for monetary policy. In…

Laid-off woman goes to extreme lengths to find job, shocked by the response

newsweek.com Two things are certain. One, a lot of people are finding the job market pretty rough right now and two, having an online presence or some degree of internet clout can open…

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