Kentucky passed a law targeting banks and their climate policies. Bankers sued the attorney general. Whose definition of investment risk should prevail?
Category: Citigroup Inc
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Tesla Bulls Take Heart From Strong Profits
The New York Times – Business:Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO
The New York Times – Business:The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
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Crypto Mogul Sam Bankman-Fried’s ‘Epic’ Legal Battle
The New York Times – Business:The disgraced crypto entrpreneur was freed on $250 million bond, but is due back in court in early January on federal fraud charges.
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A Federal Reserve President Spoke at an Invite-Only, Off-Record Bank Client Event
The New York Times – Business:James Bullard, who leads the Federal Reserve Bank of St. Louis, appeared at a Citigroup forum last week in Washington. Reporters were not invited.
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Citigroup Quarterly Profit Falls 25%
The New York Times – Business:The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.”
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JPMorgan, Citigroup and Other Big Banks See Profits Drop
The New York Times – Business:Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.