Citigroup’s comeback is capped by regulatory threat - Financial …
3 days ago · On a price to tangible book value basis, Citi remains heavily discounted. The ratio, at just 0.7 times, is the lowest among the big US banks. Regulatory overhang is the biggest obstacle to Fraser ...
Citigroup: Strong Earnings, Record Services, and $2.1 Billion ...
5 days ago · Citigroup's (NYSE:C) Q3 2024 report showcases solid, incremental progress, with revenues rising to $20.3 billion, up 1% year-on-year. Even more telling, when stripping out the noise from ...
Citigroup Q3 Earnings: Profit Falls 9%, Investment Banking …
5 days ago · Citigroup Inc (NYSE:C) reported a third-quarter fiscal 2024 revenue growth of 1% year-over-year to $20.32 billion, beating the analyst consensus estimate of $19.84 billion. Excluding divestiture ...
Citigroup strips COO of responsibility after $136mn fine
Sep 16, 2024 · Citigroup is stripping chief operating officer Anand Selva of his responsibility for a key piece of its compliance work, after the bank was fined $136mn by regulators this summer for...
Citi News | Press Releases from Citi | Citi News Releases - Citigroup
Citi Token Services Marks New Milestone in Delivering Next Gen Transaction Banking Services to Institutional Clients. October 10, 2024. PRESS RELEASE.
Trio of new Citigroup executives stirs succession talk on Wall Street
Jun 11, 2024 · Citigroup chief executive Jane Fraser has sparked speculation on Wall Street about a three-way race to be her heir apparent, after tapping a trio of outsiders with impressive résumés to aid her...
Citi Statement on Final Phase of Organizational ... - Citigroup
Mar 25, 2024 · Citi Statement on Final Phase of Organizational Simplification Changes. NEW YORK - "Today we shared with our colleagues that we have concluded the major actions that we announced in September 2023 that align Citi’s structure with our simplified operating model.
Citi Statement on Next Phase of Organizational Changes - Citigroup
Nov 20, 2023 · Citi Statement on Next Phase of Organizational Changes. November 20, 2023. NEW YORK - “Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citi’s organizational structure with our new, simplified operating model.
Citi’s Fraser Tries to Calm Jitters Over Regulators and Returns
5 days ago · Shares of Citigroup were down about 3.5% after paring those earlier losses, which came after Fraser’s earlier response did not directly address a potential asset cap. An asset cap is viewed as one of the most prohibitive penalties that banking regulators can place on US banks. Mayo’s questions came as watchdogs recently announced in recent ...
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
NEW YORK, Feb 12 (Reuters) - U.S. regulators have asked Citigroup (C.N) for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a...