Citigroup Inc. (C)
Citi gets license for regional headquarters in Saudi Arabia, memo shows
U.S. bank Citigroup has received approval to establish its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday.
Citi: Reasonable Q3 Results But Shares Appear Fairly Valued
Citi is undergoing a turnaround, showing improvements in Services, Banking, and Wealth units, but USPB and Markets segments remain as laggards. Q3 FY24 results were mixed, with strong service and commercial banking earnings offset by rising credit costs and weak USPB performance. Shares appear fairly valued based on earnings, yet on an asset basis, the stock looks significantly undervalued.
Report: US Government Investigating Citigroup's Anti-Money Laundering Policies
U.S. government agencies are reportedly investigating Citigroup's anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking at the bank's work for a trust that holds assets owned by Russian billionaire Suleiman Abusaidovich Kerimov, Bloomberg reported Thursday (Nov. 14), citing unnamed sources.
Citigroup probed by feds over ties to sanctioned Russian billionaire Suleiman Kerimov: report
Kerimov was sanctioned by the US in 2014 and 2018 in response to Russia's actions in Syria and Ukraine.
Citigroup facing US probe over ties to sanctioned Russian billionaire, Bloomberg reports
Citigroup is being probed by U.S. government agencies over its ties to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov, Bloomberg News reported on Thursday, citing a person familiar with the matter.
Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock' ahead.
The future could see more megamergers, middle-market deals and initial public offerings.
Citigroup CEO Jane Fraser: Clients Focused on Launching M&A Activity
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank's clients had been waiting to begin M&A activity and are now focused on doing so, Bloomberg reported Tuesday.
Citigroup CEO Fraser on Trump, Regulation, and Deals
Citigroup Inc. Chief Executive Officer Jane Fraser says there is a lot of "pent-up demand" on Wall Street for deals. She also expects the Donald Trump administration to be pro-growth.
Citi CEO Jane Fraser: Trump election will broadly be pro-growth and beneficial
Jane Fraser, Citi CEO, joins 'Squawk on the Street' to discuss Citi's recent stock performance, the outlook for Citi's business, and much, much more.
Citibank Surges Past Buy Point As Trump Win Boosts Financials
Citigroup is one of the five largest banks in the U.S., serving 19,000 institutional clients. The post Citibank Surges Past Buy Point As Trump Win Boosts Financials appeared first on Investor's Business Daily.
Calls of the Day: Berkshire Hathaway, Citigroup, Visa and Uber
The Investment Committee debate the latest Calls Of The Day.
Citigroup & Google Cloud Collaborate to Accelerate Digital Strategy
C will leverage Google Cloud's Vertex AI platform to deliver generative AI capabilities across the organization.
