Citigroup

Citi's chairman floats idea of holding future annual meetings online

04/21/20

"One of the advantages is that we can hear from shareholders in faraway places," John Dugan said at Tuesday's annual meeting, which was held entirely online as most of the country remains on lockdown to help stop the spread of the coronavirus.

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Wells Fargo, Citi pledge not to garnish customers' stimulus funds

04/15/20

The two large banks are holding off for a month on collecting on negative balances to ensure that customers receive the full amount of government payments deposited into their accounts.

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Consumer credit at big banks is holding up — so far

04/15/20

Quick forbearance actions averted an immediate hit to asset quality, but executives warned that a spike in unemployment and a looming recession will cause long-term problems.

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Citi’s bond-trading windfall no match for surge in loan-loss provisions

04/15/20

Net income fell 46% in the first quarter as the company added nearly $5 billion to its loss reserves in anticipation of a wave of loan defaults.

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Trump says heads of big four banks among CEOs to advise on economy

04/15/20

Jamie Dimon of JPMorgan Chase, Brian Moynihan of BofA, Michael Corbat of Citi and Charlie Scharf of Wells Fargo are some of the business leaders from multiple industries being asked to help the White House revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country, the president says.

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Coronavirus forcing banks to retool summer internships

04/13/20

Reluctant to cancel what have become pipelines for developing talent, banks are delaying start dates or moving programs entirely online.

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Big banks get Fed's blessing to extend leverage amid market stress

04/02/20

The change — effective immediately — will reduce capital demands by about 2% overall, the Fed estimated, and will be open for a 45-day comment period.

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Citi, Wells Fargo, Morgan Stanley join Euro banks in pausing job cuts

03/27/20

Thousands of bankers are set for a reprieve as Citigroup, Wells Fargo and Morgan Stanley joined European lenders in pledging to preserve jobs amid the widespread impact of the coronavirus.

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Big banks offer relief to California homeowners affected by COVID-19

03/25/20

JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with 200 state-chartered banks and credit unions, have agreed to let borrowers skip payments for 90 days if their finances have been upended by the pandemic. Bank of America said it would waive payments for 30 days.

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Citigroup to close about 100 branches, cites declining foot traffic

03/24/20

It joins a growing list of banks temporarily shuttering branches as the novel coronavirus continues to spread across the country and more Americans stay home. Meanwhile, Citi and rival Wells Fargo became the latest banks to announce plans to pay bonuses to front-line employees.

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