Citigroup Reports a $1.8Bn Q4 2023 Loss on Multiple Charges LeapRate

January 12, 2024 BY Simon Mugo

Citigroup Reports a $1.8Bn Q4 2023 Loss on Multiple Charges

Fraser has initiated a multi-year plan aimed at reducing administrative complexity, enhancing profitability, and improving the performance of the company's stock, which has historically underperformed compared to its counterparts. For the quarter ending December 31, Citigroup reported a loss of $1.16 per share. This result was negatively impacted by $3.8 billion in charges and reserves,…

April 25, 2023 BY Steffy Bogdanova

HYCM: Will this be an Earnings Season to Remember?

Meanwhile, Citigroup Inc., which also reported earnings on April 14, announced Q1 earnings of $1.86 per share, beating the broader market’s expectation of $1.66. Citigroup’s revenues also surprised to the upside, coming in at $21.44 billion for Q1 to analyst estimates of $17.91 billion. This represents a 12% improvement over last year’s figures. Both stocks…

March 06, 2023 BY Steffy Bogdanova

SFC bans former Citigroup Global Markets Asia officer for 10 years

When a trader told a client that CGMAL advertised facilitation flow using "Natural" IOIs, Shaw instructed the trader to deceive clients about the source of liquidity behind such IOIs. Furthermore, he misrepresented the client to maintain the falsehood created by the mislabeled IOI. Since at least 2015, Shaw has provided inaccurate information to clients or…

June 30, 2020 BY Valentina Kirilova

Daily Market News: Goldman and JPMorgan keep dividends while Wells Fargo cuts

Homebuilders at the back of the FTSE 100 after record low mortgage approvals In the UK yesterday, the FTSE 100 posted a 1.1% gain, led by International Consolidated Airlines Group, Standard Chartered, and Kingfisher, which all finished close to 4% up. Home builders and property investment companies were close to the bottom of the pack,…

How will Google’s Cache product leverage banking links for unique value?

November 15, 2019 BY Mariela Naydenova

Google to offer personal checking accounts, Citi and Stanford partner on the project

Alphabet Inc's Google just announced that it will start offering personal checking accounts in 2020 via its Google Pay application, a project supported by Citigroup and a credit union at Stanford University. The information comes from Reuters. The project is named Cache and is a direct rival to Apple and Facebook, two giants who are…

April 16, 2019 BY Valentina Kirilova

Daily Market News: Fed to hold rates steady

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 16, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Binance De-Lists BSV: Binance announced yesterday that they would de-list BitcoinSV, due to the founder’s threats to…

September 08, 2015 BY Maria Nikolova

Tag: Citigroup