A former Citigroup executive alleged in a lawsuit that the bank sacked her after she flagged its efforts to court U.S. President Donald Trump as a client as well as its broader risk-management practices, the Financial Times reported on Tuesday.
C shares trading near a 17-year high as restructuring progress, AI-led initiatives and buybacks fuel momentum.
Buybacks are a sign of financial health and confidence in future cash flow. Companies that initiate or expand buyback programs not only affirm their outlook but also provide investors with leverage.
Citigroup completes the sale of its Polish consumer banking business. This marks the final exit from its international consumer banking businesses.
C's lower valuation, improving turnaround and stronger sentiment test whether investors should favor value over JPM's quality premium.
Citigroup is aggressively buying back shares, reducing net share count by nearly 9% year-over-year. The new Series R preferred shares offer a 6.3% yield and call protection until February 2031, making them attractive in the current rate environment. Q1 results showed robust net income of $5.79B, with preferred dividends well covered at less than 5.3% of attributable net income.
C launches tokenized Digital Depositary Receipts, creating a new avenue for issuers and investors to access private markets.
Citigroup has made another hire this week to strengthen its consumer and retail investment banking group, with Ryan Beaupré joining as a managing director, according to a memo seen by Reuters on Thursday. A spokesperson from Citi confirmed the contents of the memo.
Citigroup launched tokenized depositary receipts that are designed to broaden access to private markets.
The bank hopes other financial institutions will become involved.
Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.
Citigroup's turnaround is shifting from repair to growth as AI gains, cost cuts, and stronger trading and IB outlooks support 2026.