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Citigroup executed several capital return strategies, amounting to $6.7 billion in dividends and share repurchases. A new $20 billion stock buyback program highlighted the bank's strong capital ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
Investors cheered earnings from many of the biggest banks this past week, with one notable exception: Citigroup. The stock of the nation’s third-largest lender fell 5% on the day of its third ...
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues.
Image source: The Motley Fool. Citigroup (NYSE: C) Q3 2024 Earnings Call Oct 15, 2024, 11:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
A stock-market rally at the end of the quarter propelled equities trading revenue up 32% to $1.2 billion, lifting overall markets revenue 1%. But bond trading revenue lagged, falling 6% to $3.6 ...