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The Latest Breaking News from Jane Fraser

Citigroup Stock Jumps on Earnings, $20 Billion Stock Buyback News

Citigroup stock is soaring Wednesday after the big bank topped earnings expectations and unveiled a massive stock buyback program. Here's why that's important.

Kiplinger

SoftBank’s Masayoshi Son chases Nvidia

Also: Meta takes censorship memo from X, Nvidia trounces competitors in market cap, optimism about M&A.

Fortune

Five underrecognized standout CEOs of the year

This is one year where it is hard to recognize just five outstanding CEOs, with hundreds of companies enjoying record stock prices amidst record profitability.

Fortune

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Citi moves infrastructure to Google Cloud as part of broader AI push

Citigroup's financial infrastructure powers much of the global economy, but is difficult to upgrade. A move to Google Cloud announced today could change that.

Fortune

Should You Buy This Dividend Stock with Almost 4% Yield That Could Double in Value?

Citigroup stock has a forward dividend yield of 4%. Wells Fargo believes that the stock could double over the next two and a half years as the company's CEO Jane Fraser tries to turn around the lender.

Barchart

4 reasons the CEO of ‘laughingstock’ Citi is suddenly laughing all the way to the bank

America’s largest banks are destroying the S&P 500, beating it by an average of 67%, but the perennial underperformer Citi is now leading the way.

Fortune

Citigroup Reports Q2 Earnings: Buy, Sell or Hold?

Citigroup stock is down despite reporting second-quarter earnings results that topped analysts’ expectations. Here’s what you need to know.

Kiplinger

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Mixed Profits At US Banks Amid Weaker Signs From Low-income Customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

International Business Times

Citigroup Fined $136M Over Long-Standing Internal Control, Risk Managment Issues

The fines were levied by the Federal Reserve and the Office of the Comptroller of the Currency (OCC).

International Business Times

Citigroup Fined 5.6M For Internal Control Issues

Citigroup faces regulatory fines for internal control issues, impacting CEO's efforts to streamline operations.

Top News

This Cheap Warren Buffett Stock Pays a Fat Dividend, But Should You Invest?

Warren Buffett's Berkshire Hathaway added Citigroup shares in 2022. Is this banking stock a buy for its cheap valuations and high dividend yield?

Barchart

Morgan Stanley says ‘crown jewel’ of Citi is worth half the bank’s value

After attending an investors day at Citi, Morgan Stanley analysts valued the bank's services segment at $56 billion.

Fortune

30 Most Powerful Women In Business: The Titans Of Industry

Here are the women, who are forging paths and breaking barriers across industries, showcasing exceptional leadership and innovation.

International Business Times

Citigroup CEO receives large salary boost despite low company profits

A new filing reveals that the Citigroup executive received a 6% salary increase for 2023 performance.

The Street

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The Street

Citigroup is planning a major cost-cutting move amid high expenses

The bank is following a trend that's been negatively affecting employees at large corporations.

The Guardian - US

Citigroup to cut 20,000 jobs after steep quarterly loss

JPMorgan Chase posts record annual profit as earnings season gets under way

Kiplinger

Is A Recession Looming? Two Big Bank CEOs See It That Way

Recession is likely, Citi's CEO told a Senate panel today, a sentiment echoed by JP Morgan's chief executive last week.

Fortune

Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers

The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.

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The Independent UK

Big bank CEOs warn that new regulations may severely impact economy

The heads of the nation’s biggest banks say there are reasons to be concerned about the health of U.S. consumers _ particularly poor and low-income borrowers _ in their annual appearance in front of Congress on Wednesday

Fortune

How to talk about a war at work: Sometimes the bravest stance is not taking a stance

In a divided, violent world, leaders’ humility, willingness to listen, and core values are what matter most.

Fortune

Merit-based flexibility could be the future of work as return-to-office mandates fail to prop up productivity

In this framework, employees are empowered to earn their autonomy, creating a direct correlation between their output and their work flexibility.

Fortune

Citigroup boss Jane Fraser’s ‘Project Bora Bora’ could reportedly see 10% of staff laid off at the Wall Street giant

The banking titan could lay off thousands of staffers.

Fortune

How Citi threaded the Israel-Gaza needle

Unpacking the CEO's approach.

Fortune

Bank of America warned consumers they would be pushed to the 'point of pain', CEO Brian Moynihan says we've now reached that point

Brian Moynihan, the CEO of Bank of America, said although consumers are buying less, some families are beginning to spend more than they're bringing in.

Fortune

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

LVMH CEO Bernard Arnault has seen his wealth overtaken by that of Amazon founder Jeff Bezos.

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People

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