Citigroup reported higher-than-expected profits of $7.9 billion, or $3.62 per share, for the first quarter of this year compared to last year’s $2.5 billion, or...
Creditors of Revlon Inc. that obtained in excess of $500 million in inadvertent payments by way of Citigroup Inc. want a judge to let them...
Citigroup’s erroneous sending of a half-billion dollars to Revlon lenders can’t be recouped, U.S. District Judge Jesse Furman in New York ruled on Tuesday (Feb....
Let’s rewind to January 2020, a couple of months before the world was turned on its head. If at that time, someone would have asked...
One common theme amid bank earnings — beyond lofty trading revenues gleaned from Wall Street — has been the increased uptake of mobile banking. Stats from...
As many cash flow fixes as have flowed into the marketplace since the pandemic’s onset, large gaps persist — even among treasury banks — in transparency...
In the first wave of Q4 earnings reports, J.P. Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and...
Citigroup reported stronger than expected Q4 earnings Friday (Jan. 15) that showed a solid digital business, but fell short on expected revenue. Earnings fell by...
The start of earnings season typically is marked by banks’ reports – and a slew of them report this week, clustered on Friday (Jan. 15)....