C eyes leaner operations with 20,000 job cuts and $2-2.5B in cost savings targeted by 2026.
Citigroup (C) closed at $78.35 in the latest trading session, marking a +1.28% move from the prior day.
As JPM navigates IB softness and credit risks, can C's streamlined focus offer a stronger upside? Let us find out.
Citigroup sees Q2 markets and IB revenues rising despite tariff headwinds, boosting hopes for stronger fee income ahead.
Citigroup is reportedly preparing for a potential decline in consumer financial health by putting aside more provisions for credit losses. [contact-form-7] “Given the macro environment, etc.
Citigroup Inc. (NYSE:C ) Morgan Stanley US Financials, Payments & CRE Conference 2025 June 10, 2025 7:30 AM ET Company Participants Vis Raghavan - Corporate Participant Conference Call Participants Betsy Lynn Graseck - Morgan Stanley, Research Division Betsy Lynn Graseck All right. So thank you so much for joining us this morning.
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Citigroup will cut 3,500 full-time roles at two China tech centers as it revamps global operations to address risks and compliance.
Citigroup Inc (NYSE:C) will cut around 3,500 jobs at its technology hubs in Shanghai and Dalian as part of a broader effort to streamline global operations and strengthen risk and data management. The reductions, affecting mainly full-time roles, are expected to be completed by early Q4 2025.
In the latest trading session, Citigroup (C) closed at $76.40, marking a -0.17% move from the previous day.
Citigroup's sweeping business overhaul, including job cuts, market exits and management streamlining, targets $2.5B in annual savings by 2026.
Citigroup said on Tuesday it was dropping a 2018 policy that placed restrictions on offering banking services to retail clients selling firearms.