Citigroup Head of Banking and Executive Vice Chair Vis Raghavan said a new regulatory regime has companies in the United States shopping for deals. Much of this search is happening overseas, Raghavan told Bloomberg in an interview Tuesday (Jan. 21). It’s the latest example of...
Earnings season is officially here, led, as ever, by big banks – and this time around, a 9% surge in the “Bank” pillar pulled the CE 100 Index 2.9% higher in a strong weekly showing. Generally speaking, management was sanguine about the state of the...
Citigroup’s fourth-quarter earnings results were part of a trend in banking reports Wednesday (Jan. 15), where consumer spending continued to drive momentum on cards, the macro backdrop was resilient, and, for Citi, there was particular growth in the movement toward digital payments and banking. The...
Every three months, some of the biggest names in banking report earnings, all on the same day, kicking off an avalanche of quarterly reports across all manner of sectors. The roster is almost always the same: JPMorgan — the largest bank by assets — Citigroup and...
January 29, 2025
Cross-border payments had, for decades, been done by wire — where it had taken days to settle an international fund flow. But now, in the digital age — unlike years past — there are many ways to deliver a payment from country A to country B. We’re headed more fully toward instant payments, always on, […]
January 20, 2025
Earnings season is officially here, led, as ever, by big banks – and this time around, a 9% surge in the “Bank” pillar pulled the CE 100 Index 2.9% higher...
January 13, 2025
Every three months, some of the biggest names in banking report earnings, all on the same day, kicking off an avalanche of quarterly reports across all manner of sectors. The roster...
January 13, 2025
As platforms, corporates and financial institutions scale and bring personalized financial products and solutions to their end customers, application programming interfaces (APIs) are proving to be a critical lifeline. They...
January 21, 2025
Citigroup Head of Banking and Executive Vice Chair Vis Raghavan said a new regulatory regime has companies in the United States shopping for deals. Much of this search is happening overseas, Raghavan told Bloomberg in an interview Tuesday (Jan. 21). It’s the latest example of post-election enthusiasm on Wall Street for a revival in dealmaking. […]
January 13, 2025
America’s biggest banks apparently have Donald Trump to thank for a successful quarter. Banking giants are set to report $31 billion in profits for the last three months of last...
November 14, 2024
U.S. government agencies are reportedly investigating Citigroup’s anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking...
November 12, 2024
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank’s clients...