Citigroup Inc. (C)
Citigroup confirms departure of its head of risk data, analytics, reporting & tech
Citigroup's head of risk data, analytics, reporting and tech Peter Cai has left the bank, a spokesman confirmed.
JPMorgan Stock Gained 17% YTD, What's Next?
JPMorgan's stock (NYSE: JPM) has gained approximately 17% YTD, as compared to the 14% rise in the S&P500 over the same period. Notably, JPMorgan's peer Citigroup (NYSE: C) is up 20% YTD.
Citigroup: Buying Into The Restructuring Plan
Citigroup's performance metrics, such as ROTCE and tangible book value growth, vastly lag behind its peers. Therefore, its price to tangible book value remains low at 0.7x. Contrary to others, Citi has been the only major bank that has seen a decline in non-interest income over the last two Q1 results. However, their aggressive restructuring plan, which intends to divest from 14 markets and reduce headcount considerably, could potentially allow them to simplify their business and raise the price-to-TBV multiple.
Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve and the Federal Deposit Insurance Corporation said that the so-called living wills of Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America filed in 2023 were inadequate.
FDIC rejects Citigroup's ‘living will', citing deficient data controls
US banking regulators have rejected Citigroup's ‘living will', a plan designed to outline the bank's strategy for orderly winding down in the event of a catastrophic failure. This decision marks a significant setback for Citigroup, which has been under regulatory pressure to enhance its risk controls for nearly four years.
Citi's investment-banking revenue tracking 50% above year-ago level
Citigroup Inc. financial chief Mark Mason said Tuesday the bank is seeing a healthy pickup in investment-banking activity compared to year-ago levels.
Citi to get lower grade for its living will from the FDIC: WSJ
Citigroup Inc. is about to be dinged with a lower grade from the Federal Deposit Insurance Corp. over how it handles and manages its data and risks as part of its required living-will document, The Wall Street Journal reported Tuesday.
Citigroup to Highlight Services Business at Investor Day
Citigroup is reportedly putting its services business at the forefront of its upgrade project, highlighting how the global movement of money can enhance profitability.
The Dividend Delectables: 3 Stocks That Will Satisfy Your Hunger for Income
It's true that, with the interest rate on 10-year Treasury bonds still trading around 4.2%, stock dividends aren't nearly as important or valuable as they once were. After all, a risk-free yield of 4.2% makes even 5% dividend yields look unimpressive.
Wells Fargo's fires staff for faking keyboard activity
Wells Fargo & Company has fired more than a dozen employees after investigating claims they were using fake keyboard movements to make it seem like they were working.
Citigroup Analyst Sees Limited Near-Term Upside For American Express Despite Positive Long-Term Outlook - Here's Why
Citigroup analyst Keith Horowitz initiated coverage on American Express Co AXP Monday with a Neutral rating and a price target of $250.
3 Dirt Cheap Stocks to Buy Hand Over Fist in June
Citigroup is priced at a steep discount to tangible book value as it realigns its business. Lincoln National is improving its financial position and could benefit from higher interest rates.
