Citigroup

Citi CIO Says Second Wave of COVID-19 Could Wreak Financial Havoc

Citi CIO Says Second Wave of COVID-19 Could Wreak Financial Havoc
Citi CIO Says Second Wave of COVID-19 Could Wreak Financial Havoc
April 20, 2020  |  Economy

We’re not out of the woods yet: That’s the message from Citi Private Bank’s David Bailin. Get the Full Story Complete the form to unlock...

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Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
April 16, 2020  |  Economy

Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future...

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Citi Increases Loss Reserves, Enhances Digital Capabilities
Citi Increases Loss Reserves, Enhances Digital Capabilities
April 15, 2020  |  Earnings

Citigroup reported underwhelming first-quarter results on Wednesday (April 15) as the coronavirus continues to shake the global economy, announcing an approximately $5 billion increase in loan-loss...

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Banking On A Rough Earnings Season For Banks
Banking On A Rough Earnings Season For Banks
April 13, 2020  |  Banking

Three months seems a lifetime ago, pre-coronavirus pandemic, pre-recession, pre-lockdown, pre-bailouts. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Citigroup CEO To Workers: No Layoffs
Citigroup CEO To Workers: No Layoffs
April 01, 2020  |  Economy

Citigroup’s 204,000 U.S. employees hope it’s not an April Fools’ joke. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Trump Gathers Bank Leaders To Take Temperature On Coronavirus
Trump Gathers Bank Leaders To Take Temperature On Coronavirus
March 10, 2020  |  Economy

U.S. President Donald Trump has asked top bankers to attend a meeting regarding the coronavirus outbreak, as leaders worldwide try to assess the damage to...

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Eurazeo Taps Citi, Evercore To Unload Planet Payments Unit
Eurazeo Taps Citi, Evercore To Unload Planet Payments Unit
January 22, 2020  |  Cross-border Payments

French buyout fund Eurazeo has enlisted the help of Citigroup and Evercore to sell its payments enterprise Planet, Reuters reported on Wednesday (Jan. 22), citing three...

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Banks’ Earnings Show Digital Traction Amid Buoyant Consumer Spending
Banks’ Earnings Show Digital Traction Amid Buoyant Consumer Spending
January 20, 2020  |  Earnings

There are a few common themes among big bank earnings reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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