Citigroup Inc. (C)
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.
S&P Stocks To Trade In June
For this month, the cycle/relative strength concept is applied. First, the S&P 500 stocks are ranked from the best performer to the worst by calculating the expected return in that month.
Citi's new head of banking Raghavan begins as CEO hails intensity
Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan this year.
Citigroup: Still Looks Undervalued After Climbing More Than 40% Over The Past Year
Citigroup's shares have climbed 40.59% over the past year and are forecasted to hit medium-term targets for revenue and loan growth. I highlight the risks of investing in Citigroup, including potential credit crunch and economic recession. Citigroup's strong Q1 2024 earnings, cost-cutting efforts, and undervalued shares make me bullish on the stock, expecting shares to approach $80 by the end of the year.
