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Category: Citigroup Inc
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Citigroup Says Its Predecessors Benefited From Slavery
The bank’s latest historical review, done as part of its racial equity pledge, shows indirect ties rather than direct profits.
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China’s Economy is Slowing, Posing a Challenge for Global Growth
New data published on Monday shows a post-pandemic recovery has not materialized after restrictions were lifted last year.
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JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.
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Calls to Investigate Short Sellers Intensify as Bank Crisis Deepens
Jamie Dimon is the latest to urge action against the traders who have targeted the regional lenders and made huge profits.
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In China, It’s Time to Splurge Again, and the Luxury Industry Is Relieved
The end of pandemic-era restrictions has unleashed a luxury spending rebound in China. Which Western brands are coming out on top?
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Rates on C.D.s Are Soaring, but the High Rates May Not Last
Banks are offering the promotional rates to attract deposits. But given concerns about the economy, it’s unclear how long banks will continue to reward savers.
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Earnings Season Arrives With Recession Fears Front and Center
Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.
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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
The New York Times – Business:The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
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Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The New York Times – Business:First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein
The New York Times – Business:The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.