News
C-PRS
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CITI CEO JANE FRASER SAYS ITS HARD TO GET A SOFTHANDING - CNBC INTERVIEW
Reuters · 6h ago
CITIGROUP - APPOINTMENT OF DAMIEN TAN AS HEAD OF CORPORATE BANK FOR SINGAPORE, EFFECTIVE MAY 1, 2024.
Reuters · 17h ago
CITIGROUP - CITI APPOINTS DAMIEN TAN AS HEAD OF CORPORATE BANK FOR SINGAPORE
Reuters · 17h ago
ASIAN DEVELOPMENT BANK - ADB, CITI SIGN AGREEMENT TO SUPPORT SMES AND BOOST TRADE THROUGH SUPPLY CHAIN FINANCING
Reuters · 21h ago
ASIAN DEVELOPMENT BANK - AGREEMENT TO SUPPORT MORE THAN $100 MLN IN ADDITIONAL ANNUAL TRADE ACROSS ASIA AND THE PACIFIC, AMONG OTHERS
Reuters · 21h ago
FOREX-Dollar steady after soft US jobs report; yen starts week on back foot
Dollar steady after soft US jobs report; yen starts week on back foot. Soft U.S. Jobs report boosted wagers that the Federal Reserve may still cut rates twice this year. The yen was a tad weaker to start the week after posting strongest weekly gain in 17 months last week. The offshore yuan rose on the back of the dollar's retreat.
Reuters · 23h ago
FACTBOX-Warren Buffett, Berkshire Hathaway at a glance
Billionaire Warren Buffett's net worth is $132.5 billion as of May 2. Buffett, 93, is expected to answer five hours of shareholder questions at Berkshire Hathaway's annual meeting on Saturday. The meeting is the first since the death of vice chairman Charlie Munger in November. Buffett has lived in the same Omaha, Nebraska, home since 1958.
Reuters · 2d ago
CITIGROUP - IN Q1, INCREASED ITS TOTAL ACCRUED ESTIMATED LIABILITY TO $2.0 BLN FOR THE FDIC SPECIAL ASSESSMENT
Reuters · 3d ago
CITIGROUP: ON APRIL 30, STOCKHOLDERS UPON RECOMMENDATION OF CITI'S BOARD APPROVED AMENDMENTS TO, AND RESTATEMENT OF, 2019 STOCK INCENTIVE PLAN
Reuters · 4d ago
BUZZ-Zillow slides to five-month low on bleak Q2 forecast
Real estate services firm Zillow Group's shares fall 7.8% to $38.1 after downbeat Q2 residential revenue forecast. Stock is trading at levels last seen in November 2023. ZG forecasts Q2 revenue below expectations on lower first-time home buyer activity and mortgage rates.
Reuters · 4d ago
ADVISORY-Alert on Coforge deal incorrectly tagged to Citi withdrawn
Alert on Coforge deal incorrectly tagged to unrelated U.S. Lender Citigroup withdrawn. Alert on India's Coforge signing a deal with Cigniti Technologies has been withdrawn. For the correct set of alerts on the deal, click on the Coforge-Cigniti deal.
Reuters · 4d ago
COFORGE LTD - CIGNITI TECHNOLOGIES ACQUISITION WILL CREATE THREE NEW SCALED UP VERTICALS - RETAIL, TECHNOLOGY AND HEALTHCARE
Reuters · 4d ago
Sustainable Finance Newsletter - Dropping the "ESG" term but not the mission
Many companies have dialed back use of the term "ESG" in the face of criticism from conservative politicians. But a recent report says companies are still refining their efforts. Ross Kerber: Dropping the " ESG" term but the mission. Readers of this newsletter will know about the latest in sustainable finance.
Reuters · 5d ago
EXCLUSIVE-Citigroup sees loan book hit in climate action ramp-up, document shows
U.S. Bank Citigroup sees loan book hit in climate action ramp-up, document shows. Citigroup says it could suffer $10.3 billion in loan losses over 10 years if world speeds up efforts to tackle climate change. The bank's confidential analysis was drafted to prepare for a submission to the Fed on climate change risks. The losses would occur if the world accelerates efforts to cut greenhouse gas emissions by 2050. A severe hurricane in the Northeast could trigger a $63.5 million loss to Citigroup's loan book.
Reuters · 5d ago
BUZZ-Starbucks sees worst day in over four years on annual sales forecast cut
Shares of coffee giant Starbucks fall as much as 16% to two-year low of $74.50. Stock on course for worst day since March 2020. Starbucks on Tuesday cut its annual sales forecast after posting a fall in Q2 same-store sales for the first time in three years. Co struggling with weak demand for its coffee in the United States and China.
Reuters · 5d ago
RPT-BREAKINGVIEWS-CEO departure puts HSBC at risk of strategy drift
HSBC CEO Noel Quinn has decided to retire after less than five years in the top job. He leaves with a solid but unspectacular record. Quinn's departure puts HSBC at risk of strategy drift, says Liam Proud. But the bank's growth is flatlining and there are no clear targets beyond this year.
Reuters · 5d ago
Wells Fargo investors approve executive pay, CEO underscores risk controls
Wells Fargo investors approve executive pay, CEO underscores risk controls. CEO Charlie Scharf's 2023 package to $29 million. The bank's profit fell 7% in the first quarter. The lender is investing in risk and control infrastructure after a 2016 scandal in which employees opened fraudulent accounts.
Reuters · 6d ago
UPDATE 2-Citi CEO says US consumers are more cautious, emphasizes bank overhaul
Citi CEO Jane Fraser says U.S. Consumers are more cautious, making smaller purchases. Affluent customers account for almost all spending growth, she says at bank's annual meeting. She says lower-income borrowers are struggling to keep up with loan payments. Investors approve executive pay, reject shareholder proposals. Fraser says she expects simplified bank structure to boost morale.
Reuters · 6d ago
Citigroup CEO says US consumers are turning more cautious on spending
Citigroup CEO says US consumers are turning more cautious on spending. Customers with lower credit scores are shifting their spending from credit to debit cards, she says. Citigroup CEO Jane Fraser says U.S. Consumers are becoming more cautious with their spending, making smaller purchases.
Reuters · 6d ago
CITIGROUP SHAREHOLDERS REJECT PROPOSAL FOR INDEPENDENT BOARD CHAIR
Reuters · 6d ago
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About C-PRS
Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its business segments include Global Consumer Banking (GCB), Institutional Clients Group (ICG) and Corporate/Other. GCB segment provides traditional banking services to retail customers through retail banking, Citi-branded cards and Citi retail services. ICG segment provides corporate, institutional, public sector and high-net-worth clients with a range of wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, corporate lending, investment banking and advisory services, private banking, and securities services. Corporate/Other segment includes corporate treasury, operations and technology, and consumer loans.