Citigroup

Trump tax cut drives $32 billion to America’s top banks

01/16/20

Savings for the top six U.S. banks from President Donald Trump's signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.

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Citi slightly improves raw pay gap numbers

01/15/20

In the year since it voluntarily disclosed its own data, Citigroup has shown an improvement in its median pay for female and minority employees, the firm said Wednesday.

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Bank Q4 earnings off to good start; Bitcoin rallies

01/15/20

JPM, Citi shrug off low rates as strong economy propels profits; digital currencies start year with gains as optimism about its future grows.

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Citi bets heavily on consumers to meet profit targets

01/14/20

The banking giant is counting on continued growth in cards, deposits and digital accounts to drive returns higher in 2020.

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Citi fixed-income trading surges 49%

01/14/20

The rebound, combined with strong earnings from debt underwriting and consumer banking, pushed net revenue for the period to the highest since 2015.

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Banking 2025, more Wells Fargo woe, compliance turnover: Top stories of the week

01/10/20

Potential sources of industry upheaval, and how to adapt; former Wells Fargo execs may face criminal charges in coming weeks; why banks have such high turnover of chief compliance officers; and more from this week's most-read stories.

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Banks’ record-breaking earnings streak has probably peaked

01/10/20

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

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Citi names Chubak head of U.S. retail banking

01/07/20

In his new role, Chubak will oversee all of Citigroup’s retail channels, product management and client segments.

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UBS is latest to downgrade shares of big banks

01/07/20

Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said.

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Goldman in settlement talks with DOJ; Congress members ask JPM about equality

12/20/19

The bank could pay about $2 billion to close the 1MDB case in the U.S.; in letters lawmakers ask Dimon about policies to combat racism.

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