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Thomson Reuters Sebastian Ridd, who had been head of program trading and cash trading in the US at Citigroup, is joining giant hedge fund Millennium Management. His departure from Citigroup, along with that of global head of cash trading Armando Diaz, represents a shift at the top of the US bank’s stock trading business. Millennium Management, the […]
Larry French/AP Citigroup‘s stock climbed after reporting strong earnings that beat analysts’ expectations. The major banks are expected to post some losses after provisions in the new tax law. Shares of the major banks were up in pre-market trading. View Citigroup’s real-time stock price here. Shares of Citigroup jumped 3.10% to $ 79.22 on […]
Russell Boyce/Reuters Citigroup will pay at least $ 11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks. FINRA said the errors stemmed from problems with an electronic data feed, and Citigroup failed to timely fix the wrongly displayed ratings despite “numerous” red flags. NEW YORK […]
REUTERS/ Keith Bedford Citigroup has hired a former senior banker at Goldman Sachs. Taran Bakker joins Citi as a managing director in the bank’s Global Asset Managers group, where he’ll cover private equity, pensions, sovereign wealth funds, and family offices in North America. Buyout firms are a growing source of business for investment banks, and Citi has been maneuvering to claim […]
http://www.imdb.com/title/tt0343818/ Citigroup is staffing up for the robotic revolution. The New York-based financial services giant has plastered online jobs boards advertising roles at a new automation center that will deploy new robotic technology throughout the bank. Mark Costiglio, a Citi spokesperson, declined to comment on the matter. The so-called Smart Automation Centre is looking for staff in at […]
http://www.imdb.com/title/tt0343818/ Citigroup is staffing up for the robotic revolution. The New York-based financial services giant has plastered online jobs boards advertising roles at a new automation center that will deploy new robotic technology throughout the bank. Mark Castiglio, a Citi spokesperson, declined to comment on the matter. The so-called Smart Automation Centre is looking for staff in at […]
Thomson Reuters Citigroup beat second-quarter earnings Friday thanks in part to its soaring fixed income business. The bank reported quarterly earnings of $ 1.28 per share, eclipsing Wall Street estimates of $ 1.22 per share. “During the quarter, we sawcontinued momentum in ourbusinesses, with loan andrevenue growth across both sidesof the house,” Citi CEO Michael Corbat […]
Thomson Reuters Citigroup is set to announce second-quarter earnings Friday at 8 a.m. Wall Street estimates the firm will announce earnings of $ 1.22 per share, down from $ 1.35 the previous quarter. Here’s what else analysts are expecting: Preferred dividend to rise from $ 301 million to $ 320 million Additional details on the company’s Investor […]
