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The Latest Breaking News from Citi

From sold-out Adele tickets to an elephant for your wedding: the perks of banking with Coutts

Private bank offers exclusive services to its wealthy clients, who include Emma Watson and Stormzy

The Guardian - UK

Stock Index Futures Muted Ahead of Key U.S. Retail Sales Data, U.S. Bank Earnings on Tap

September S&P 500 futures (ESU23) are down -0.03%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.10% this morning as market participants braced for the next round of quarterly reports while also awaiting crucial U.S. retail sales data.

Barchart

Why Airports Are Such A Mess Right Now

TheStreet's J.D. Durkin sat down with Citi Analyst Steve Trent to discuss what's going on with the airline industry.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

Morningstar Likes Berkshire Among Financial Stocks

As of June 30, more than half of the financial services stocks that Morningstar covers traded below its fair value estimates.

The Street

Citi CEO Jane Fraser: 'We must be proactive about embracing A.I.—it's an essential part of winning in the digital era'

Generative A.I. has the potential to revolutionize all functions across the banking industry, according to Fraser.

Fortune

Fastening firm Trifast investing in West Midlands distribution centre after £120m financing deal

'Substantial investment' at site after milestone deal

Birmingham Post

Dow Jones Notebook: 3M Rallies, Is Disney For Sale?

Dow Jones giants 3M and Disney were early movers Tuesday on new updates from analysts. DIS stock, MMM rise despite price target cuts.

Investors Business Daily

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Citi CEO Jane Fraser on leading with empathy

The Citi CEO believes in leading with empathy.

Fortune

Invest NI gave $90 billion bank that funds fossil fuels almost £40 million

They said the funding was for 2,000 jobs and they do no due diligence on the fossil fuel interests of companies

Belfast Live

Apple hits historic $3 trillion milestone

Apple Inc. made Wall Street history as the first company with a market value over $3 trillion, the latest sign of big tech’s seemingly unstoppable dominance in equity markets.

Tribune News Service

W5 nature and climate exhibition sponsored by mega fossil fuel funder Citibank

Climate activists to stage a greenwashing protest outside the education attraction in Belfast

Belfast Live

Best Banks for High-Net-Worth Clients 2024

These banks welcome customers who keep high balances in deposit and investment accounts, showering them with fee breaks and access to financial-planning services.

Kiplinger

Constellation Brands Tops Earnings On Strong Modelo Beer Sales, But STZ Stock Fizzles

Constellation Brands beat Q1 earnings forecasts Friday on strong Modelo beer sales. But STZ stock eased premarket after results.

Investors Business Daily

Citi CEO Jane Fraser ‘certainly’ sees a slowdown, but big banks remain in ‘very strong health’

Citigroup is halfway through a turnaround that’s aiming to simplify the bank’s core business structure.

Fortune

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The Independent UK

Sunak to pledge £2.35 billion in loan guarantees at Ukraine Recovery Conference

The Prime Minister will tell the London summit that Britain will stand with Ukraine ‘as long as it takes’.

Metal Hammer

Jinjer announce 2023 North American headline tour

Ukraine's Jinjer will hit the road again this autumn for a headline trek across the US and Canada

Reuters

Chinese visa applications just 35% of pre-pandemic levels, data show

Visa applications by Chinese citizens remain well below pre-pandemic levels following the lifting of travel restrictions in January, data from a specialist visa firm revealed, as the number of international flights remained limited.

The Guardian - UK

Major banks shared sensitive bonds information in online chats, CMA finds

Traders at five banks found to have discussed British government bond trading between 2009 and 2013

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InsideEVs

Report: Tesla Has The Best Brand Loyalty Of Any Automaker

A new report by analysts Citi has revealed that Tesla continues to have the best brand loyalty in the car industry with a rating of 67%.

Investors Business Daily

Nike Stock Cut To Sell As U.S. Business Faces Challenges

Nike stock was cut to sell early Monday as U.S. athletic apparel market weakens, customers cut back on spending. Foot Locker targets slashed.

Fortune

How social goals are key to business growth

Companies are discovering how achieving social impact and making money can go hand in hand.

Fortune

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

Bangkok Post

'Worst is over', Citi official says as bank looks to increase staff in Hong Kong

Citigroup, the biggest foreign lender in Hong Kong, will increase staff at its commercial banking unit in the city by 100 to tap growing opportunities in the Greater Bay Area, according to a senior executive.

Fortune

The $100 billion meltdown of First Republic could play out 3 ways—and 2 are terrible for shareholders

The once high-flying bank has seen shareholders flee as concern mounts that the FDIC may have to step in.

Financial Times

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

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