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Citigroup

American multinational investment bank and financial services corporation

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Citigroup: American multinational investment bank and financial services corporation
Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citi is incorporated in NY.

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Consumer banking powers Citigroup's profit beat

Citigroup Inc reported higher profit and revenue on Tuesday, driven by growth in its global consumer business and lower expenses.
Reuters - Published

Citigroup profit rises 6% on investment banking strength

Citigroup Inc reported a 6% rise in third-quarter profit on Tuesday, driven by growth in its investment banking business and a smaller tax bill.
Reuters - Published

Videos for Citigroup

Upbeat earnings results lift stocks [Video]Upbeat earnings results lift stocks

Wall Street advanced Tuesday as the third-quarter earnings season hit the ground running with a spate of upbeat reports that brought buyers back to the equities market. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:13Published

Big banks say U.S. consumers sturdy [Video]Big banks say U.S. consumers sturdy

Quarterly results from four of the largest U.S. banks Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and..

Credit: Reuters Studio     Duration: 01:13Published

UK business, shoppers get gloomier ahead of Brexit [Video]UK business, shoppers get gloomier ahead of Brexit

In France they're rehearsing for Brexit. In the UK, new surveys show shoppers and businesses aren't confident about what lies ahead. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:34Published

Stocks dip amid trade war uncertainty [Video]Stocks dip amid trade war uncertainty

Wall Street closed lower on Tuesday with little word on the U.S.-China trade war and as the bond market's recession alarm sounded the loudest since 2007. Conway G. Gittens reports.

Credit: Reuters Studio     Duration: 01:38Published

 

Citigroup stands by card strategy despite economic clouds

Some Wall Street analysts have begun to question whether Citigroup Inc's big bet on credit cards will backfire if the U.S. economy enters a recession, despite the bank saying it is underwriting..
Reuters - Published

Citigroup doubles down on credit cards even as U.S. economy softens

Despite signs that the U.S. economy is slowing, New York-based Citigroup Inc is betting big on credit cards.
Reuters - Published

Citigroup, BNP caught up in U.S. case against Huawei CFO: documents

U.S.-based Citigroup and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China's Huawei Technologies, according to newly available documents.
Reuters - Published

Barclays, JP Morgan among banks facing UK class action over forex-rigging

Barclays , JP Morgan , RBS , UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain.
Reuters - Published

S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc kicked off the earnings season with a..
Reuters - Published

China data steadies stocks as U.S. earnings get underway

A gauge of global stocks rose modestly on Monday after economic data from China came in as expected, but equities on Wall Street slipped on weakness in financials in the wake of Citigroup's earnings..
Reuters - Published

S&P 500 closes flat as earnings season starts

The benchmark S&P 500 index ended little changed in a choppy session on Monday after Citigroup Inc kicked off the second-quarter earnings season with a mixed report.
Reuters - Published

Wall Street slightly lower as Citi results weigh on bank stocks

Wall Street's three main indexes edged lower in choppy trade on Monday, easing from record highs, as declines in Boeing and bank stocks after Citigroup's quarterly report were tempered by a rise in..
Reuters - Published

Wall Street treads water as Citi results pressure bank shares

Wall Street's three main indexes flitted between slight gains and losses on Monday, as declines in Boeing and bank stocks after Citigroup's quarterly report were countered by a rise in technology..
Reuters - Published

Wall St opens at record highs as earnings season kicks off

Wall Street's main indexes opened at record highs on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating..
Reuters - Published

Wall Street set to open higher as banks rise after Citi results

Wall Street was set to extend last week's gains at the open on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating..
Reuters - Published

Citigroup profit beats estimates on gains in consumer lending

Citigroup Inc beat analysts' estimates for quarterly profit on Monday, as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading..
Reuters - Published

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

The European Union fined Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland a combined 1.07 billion euros ($1.2 billion) on Thursday for rigging the multi-trillion dollar foreign exchange..
Reuters - Published

EU fines five banks $1.2 billion for foreign exchange rigging

Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign..
Reuters - Published

Wall Street ends lower dragged down by financials

Wall Street ended slightly lower on Monday, dragged down by financials as underwhelming earnings from Goldman Sachs and Citigroup curbed investor enthusiasm.
Reuters - Published

Wall Street drops after tepid big bank results

Wall Street's main indexes fell on Monday, following a rally in the previous session that put the S&P 500 within striking distance of its record high, as underwhelming results from Goldman Sachs and..
Reuters - Published

Factbox: Big bank CEOs face the heat over pay disparity at Capitol Hill

Chief executive officers of some of America's largest banks, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc, on Wednesday testified before Congress, where they were grilled on a..
Reuters - Published

Citigroup to sell Venezuelan gold in setback to President Maduro: sources

Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela's central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a..
Reuters - Published

Exclusive: U.S. regulator drops fine against Citi over fair-lending claims - sources

A top U.S. bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials had sought, two people familiar with..
Reuters - Published

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