Citigroup Inc. (C)
Citigroup Incorrectly Credits $81T in Client's Account in "Near Miss"
C has erroneously credited $81 trillion, instead of $280, to a client's account and has taken hours to reverse the transaction.
Did Warren Buffett Make a Mistake by Selling This Cheap, High-Yield Stock?
Earlier this month, Warren Buffett and his company, Berkshire Hathaway, disclosed what stocks they held at the end of the fourth quarter of 2024 in the company's 13F filing. Investors eagerly await this filing to see what moves the Oracle of Omaha and his team of investing lieutenants made each quarter.
Another 'near miss': Citigroup mistakenly credited a customer account with $81 trillion
Citigroup mistakenly credited a customer's account with $81 trillion last year when it meant to send just $280. The payment, which took place last April, was missed by two employees but caught 90 minutes after it was posted, the Financial Times reported Friday night.
Citi: The Most Compelling Valuation In Banking
Despite lower profitability metrics, Citi offers a compelling valuation and strategic improvements under Jane Fraser, enhancing shareholder value. Citi's restructuring focuses on core businesses, cost-cutting, and exiting non-core international markets, boosting operational efficiency. Valuation metrics indicate Citi's potential for growth, with a P/E ratio of 13.14, PEG of 0.28, and a $20 billion share buyback program.
Citigroup's $81 trillion blunder: how a ‘fat finger' mistake was caught
Citigroup narrowly avoided what could have been one of the largest banking blunders in history after it mistakenly credited a client's account with $81 trillion instead of the intended $280.
Citigroup mistakenly credits customer account with $81 trillion in "near miss", FT reports
Citigroup erroneously credited $81 trillion, instead of $280, to a customer's account and took hours to reverse the transaction, a "near miss" that shows up the bank's operational issues it has sought to fix, the Financial Times reported on Friday.
Citigroup appoints Chris Biotti to lead private bank in North America
Citigroup appointed Chris Biotti as the head of its private bank for North America on Wednesday.
Citigroup: Undervalued And Trading At A Discount To Book Value Despite Rallying
Citigroup: Undervalued And Trading At A Discount To Book Value Despite Rallying
Citigroup: Reiterating Buy Despite Buffett Selling
Citigroup: Reiterating Buy Despite Buffett Selling
Citigroup drops its diversity targets, renames its DEI unit
Citigroup became the latest company to walk back its diversity goals. The company is renaming its DEI team among other changes.
3 Best Performing Financial Services Stocks on the S&P 500 Index
The Financial Services sector has been one of the top performers this year. C, COF & GS have outpaced the S&P 500.
Citi raises CEO Fraser's compensation 33% to $34.5 million for 2024
Citigroup said on Tuesday it had set Chief Executive Officer Jane Fraser's 2024 compensation at $34.5 million, 33% more than the previous year.
