Banks Not Shooting Straight With Truth In Lending To Firearms Companies

Opinion by Larry Keane Editor’s Note: This column was published in The Federalist, Thursday, April 17, 2019, and is reprinted here with permission. Recently we reported on problems with Chase Bank now here we are again with Citigroup. Banks Not Shooting Straight With Truth In Lending To Firearms Companies USA – -(AmmoLand.com)- Citigroup’s getting asked some hard questions about fiscal sanity of their decision to discriminate against firearms businesses and their answers aren’t likely to so...
Tags: Texas, Guns, America, Fbi, Hillary Clinton, Citigroup, Berkshire Hathaway, Omaha, Warren Buffett, Louisiana, Michael Bloomberg, Warren Buffet, Cnbc, Buffett, Citi, Chase Bank

Citigroup buys Titanic Quarter Belfast office

The financial services firm says the decision to buy demonstrates a long-term commitment to Belfast.
Tags: News, Citigroup, Belfast

House committees issue subpoena to Deutsche Bank, JP Morgan Chase and Citigroup to probe Trump's finances

Deutsche Bank and several other banks were subpoenaed on Monday by the House Intelligence and Financial Services committees as part of House Democratic investigations into President Donald Trump's finances.
Tags: Cnn, House, Citigroup, Deutsche Bank, Donald Trump, Trump, House Intelligence and Financial Services, Deutsche Bank JP Morgan Chase

Citigroup (C) Q4 2018 Earnings Call Transcript

C earnings call for the period ending March 31, 2019.
Tags: Finance, Article, Citigroup, FBN, Motley Fool, Fbn/markets, Fox-business/markets, 9a8714fc-5b1c-501f-b18c-7d8950b47ca9

Business briefly: S&P 500 falls to rare loss; Best Buy taps its first female CEO

U.S. stock indexes edged lower on Monday, pulled down by sinking bank stocks, and the S&P 500 fell for just the third time in the last three weeks. Goldman Sachs recorded one of the largest losses in the S&P 500 after describing a “muted start to the year,” even though its earnings for the first quarter still beat analysts’ expectations. Citigroup also slipped following its earnings report, as banks lead off a quarterly reporting season that analysts expect to be the weakest in nearly three year...
Tags: Business, Disney, Sport, Best Buy, Fox, Soccer, Comcast, Citigroup, Treasury, Goldman Sachs, Waste Management, Hulu, Barry, Walt Disney Co, AT T, Comcast Corp

Wall Street drops after tepid big bank results

Wall Street's main indexes fell on Monday, following a rally in the previous session that put the S&P 500 within striking distance of its record high, as underwhelming results from Goldman Sachs and Citigroup pressured financial stocks.
Tags: Money, businessNews, Citigroup, Goldman Sachs

US STOCKS-Wall Street drops after tepid big bank results

Wall Street's main indexes fell on Monday, following a rally in the previous session that put the S&P 500 within striking distance of its record high, as underwhelming results from Goldman Sachs and Citigroup pressured financial stocks. The sector fell for the first time in four sessions, down 0.75%, dragged lower by a 3.2% tumble in Goldman Sachs Group Inc and a 0.7% dip in Citigroup Inc after the banks missed revenue estimates.
Tags: News, US, Citigroup, Goldman Sachs, Citigroup Inc, Goldman Sachs Group Inc

Wall Street slips as big bank results disappoint

Wall Street's main indexes fell on Monday, pulling back from a rally in the prior session that took the S&P 500 within striking distance of its September record close, as lackluster results from Goldman Sachs and Citigroup pressured financial stocks.
Tags: Money, businessNews, Citigroup, Goldman Sachs

Citigroup profit beats on investment banking boost

Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew its investment-banking business and expanded net-interest margin.
Tags: New York, Money, businessNews, Citigroup, Citigroup Inc

Wall Street dips after lackluster big bank earnings

U.S. stocks slipped on Monday, weighed by losses in financial stocks as earnings from Wall Street's big banks Goldman Sachs and Citigroup failed to impress.
Tags: Money, businessNews, Citigroup, Goldman Sachs

MarketAxess just released a key tool for improving how fixed-income ETFs are built, and it could lead to further automation in the market

MarketAxess, the largest electronic marketplace for US corporate bonds, has created a set of indexes to help find the most liquid bonds across sectors.  The tools are aimed at helping ETF creators build products composed of more liquid bonds, thus allowing them to trade more efficiently, Chris Concannon, MarketAxess' president and COO, told Business Insider. MarketAxess stands to benefit from more fixed-income ETFs being issued, as it could lead to more automation in the market. The largest e...
Tags: US, Trends, Citigroup, Nasdaq, Business Insider, Jpmorgan, Concannon, Chris Concannon, BATS Global Markets, Instinet, Cboe Global Markets, Chris Concannon MarketAxess, Business Insider MarketAxess, Greenwich Associates However, Virtu Financial Upon, MarketAxess Concannon

Citigroup’s 1Q profits rise 2%, beating forecasts

NEW YORK (AP) — Banking conglomerate Citigroup said its first quarter profits rose by a relatively quiet 2% from a year earlier, as higher interest income helped offset a decline in trading revenue. Citi’s results were similar to those of its Wall Street competitors, JPMorgan Chase and Goldman Sachs, who both reported similar declines in […]
Tags: Business, New York, News, Ap, Citigroup, Goldman Sachs, Citi, JPMorgan Chase

Founders meet with Salesforce Ventures at TechCrunch Include’s April Office Hours

TechCrunch Include is partnering with Salesforce Ventures to host this month’s Include Office Hours on April 30th. From 2:00pm – 4:00pm, Salesforce Ventures investors Matt Garratt, Phoebe Peronto, Spencer Chavez, and Claudine Emeott will meet with founders one on one, for 20 minutes, to offer guidance, advice and product feedback. You can apply here. TechCrunch launched the Include program in 2014 to connect underserved and underrepresented founders in tech to our vast network and facilitate opp...
Tags: Ge, Africa, Tech, Harvard, Citigroup, Salesforce, Kiva, Kathmandu, UC Berkeley, Salesforce Ventures, Battery Ventures, Jmi Equity, Bay Area, Spencer, Matt, Ann Arbor Michigan

Stocks move higher as investors wait for earnings reports

NEW YORK (AP) — U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. Financial companies led the gains. Citigroup rose just under 1% and Prudential climbed 1.5%. Rising bond yields, which allow banks to charge higher interest on loans, helped lift the sector. Industrial companies […]
Tags: Business, New York, News, Ap, Nation, Citigroup, Prudential

Bird's European boss says Brexit is the 'elephant in the room' that's holding up the launch of electric scooters

US startup Bird rents out electric scooters for short city trips, and bills itself as a solution to urban congestion and pollution. It has raised $400 million to date and hit a valuation of $2 billion despite only launching in 2017. Like earlier generations of transport startups, such as Uber and bike-sharing firms, Bird is having to win approval from regulators on a city-by-city basis to place its electric scooters on streets. Business Insider spoke to Bird's most senior exec outside the US, ...
Tags: Google, Uber, Travis Vanderzanden, Europe, UK, London, California, France, US, San Francisco, Trends, Paris, Heathrow, Transport, Sydney, Citigroup

Stocks move broadly lower, threatening S&P 500 win streak

NEW YORK (AP) — U.S. stocks moved broadly lower in early trading Tuesday on Wall Street, putting the S&P 500 index at risk of ending an eight-day winning streak. Banks and industrial companies led the losses. General Electric fell 3.2%. Pentair plunged 12.4% after slashing its forecast. Citigroup fell 1.2%. The early drop comes on […]
Tags: Business, New York, News, Ap, Nation, Citigroup, General Electric, Pentair

Futurist Predicts AI Will Take Jobs, Benefiting the Rich But Not Workers

Citing "significant" new corporate investments in AI technology, futurist Gary Grossman argues that AI "may be the fastest paradigm shift in the history of technology -- and warns there's a counter-argument to the theory that AI will create as many jobs as its displaces. "The other view is that this time is different, that we are not just automating labor but also cognition and many fewer people will be needed by industry." KPMG claims more than half of business executives plan to implement some...
Tags: Tech, Bloomberg, New York Times, Gartner, Citigroup, Silicon Valley, Deloitte, Kpmg, Yuval Noah Harari, Gary Grossman

Tikehau Capital hires Johnson as business development exec director

Tikehau Capital has named Nithin Johnson as executive director of business development. Previously, he worked at Citigroup where he was head of Americas for International Fund Distribution. Johnson is based in New York. PRESS RELEASE Paris, New York, 4 April 2019 – Tikehau Capital (EPA: TKO), the alternative asset management and investment group, today announced the appointment of Nithin Johnson as Executive Director of Business Development based in New York. Johnson will support the growth of T...
Tags: New York, France, Trends, People, Citigroup, Tokyo, University of Oxford, Johnson, North America, Group, Latin America, US Canada, Nithin, Paris New York, IFD, TKO

A 'hidden asset' at Citigroup has given the bank a dominant position in the fastest-growing business on Wall Street — but challengers are knocking at the door

A "hidden asset" at Citigroup has given the bank prime position in Wall Street's fastest-growing business. The Treasury and Trade Solutions division is Citi's crown jewel, pulling in $9.3 billion in revenue in 2018. While less glamorous, transaction banking is a $95 billion a year market and will continue to be Wall Street's engine of growth in the near future, according to industry research. Citi has for years dominated the field, and it's treasury unit may be the secret weapon in unlocking t...
Tags: Google, Amazon, Asia, Europe, Wall Street, India, Trends, Coalition, Hsbc, Middle East, Ubs, Citigroup, American Express, Airbnb, Goldman Sachs, North America

Better Buy: Bank of America vs. Citigroup

Which big bank is the better opportunity today?
Tags: Finance, Bank Of America, Article, Citigroup, FBN, Motley Fool, Fbn/markets, Fox-business/markets, B61d7ade-1f51-5164-9bc9-8b144ae01846

Here's what you need to know about Jumia, the Alibaba of Africa that's getting ready to IPO on the New York Stock Exchange (JMIA)

Jumia Technologies, an e-commerce company known as the Alibaba of Africa, is expected to hold its initial public offering imminently. The company, which is headquartered in Germany, filed its IPO documents with the Securities and Exchange Commission in mid-March. It set a price range for its shares of $13 to $16 each on Thursday. Here's what you need to know about the company ahead of its IPO. One of the first unicorns out of Africa is about to go public. Jumia Technologies' public debut is e...
Tags: Lyft, Ipo, Germany, Berlin, Nigeria, Africa, US, Trends, Aig, Credit Suisse, Alibaba, Citigroup, SEC, Jeff Bezos, Morgan Stanley, Gawker

'Danger zone': Investment bank Citigroup issues US recession warning

Multinational investment bank Citigroup has issued an explicit recession warning for the United States, advising clients to wind down exposure to risky assets and prepare to ride out the storm.The bank's global investment team said... [Author: [email protected]]
Tags: Business, US, United States, Citigroup

Here's a breakdown of how much US banks are spending on technology

A recent report by UBS on bank's IT budgets outlined how much US banks are spending on technology. JPMorgan and Bank of America were the two highest spenders, investing $11.4 billion and $10 billion, respectively.  There was a significant gap between the four largest spenders and the remainder of banks. Big banks love to boast about their focus on innovation and installing cutting-edge technology. But how much is Wall Street really spending on IT?  A recent report by UBS analyzing US banks te...
Tags: US, Trends, Bank Of America, Ubs, Citigroup, Wells Fargo, Jpmorgan, McDonald, FactSet, US Bancorp, JPMorgan Bank of America Citigroup, Vanessa Colella Citigroup

Brands And The Consumer Hourglass Theory

Citigroup calls it the Hourglass Theory. As income inequality increases, consumers are polarizing into two groups – the few looking for high-end, highly differentiated and high value-added products, and the many looking for value, and sometimes extreme value. The middle, which was the staple target market of consumer goods companies since at least the mid-twentieth century, has shrunk, and continues to shrink. Product development efforts and the creation of new value propositions are now aime...
Tags: Citigroup, Bob, Hyundai, Branding, Brand Management, Niraj Dawar, Gakuji

Digital wallets could become more widely accepted under new Citigroup service

Consumers will be able to more easily use their preferred digital wallets at more locations under a new Citigroup service.            [Author: USA TODAY]
Tags: Usa, News, Citigroup, Usa Today

Citigroup to enter burgeoning consumer payments business

Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in a move to enter the rapidly growing digital payments industry.
Tags: Money, businessNews, Citigroup, Citigroup Inc

Citigroup Makes Its Move in $90 Billion Battle Over Swipe Fees

Citigroup will work with Mastercard Inc.’s payment-gateway services to connect with payment processors and mobile wallets around the world. Key InsightsCitigroup’s new product could address the growing concern among U.S. merchants that have been looking for a way to lower the amount they spend on electronic payments, especially through solutions that connect directly to a consumer’s bank account, avoiding traditional credit and debit card networks.
Tags: Science, Citigroup, MasterCard Inc

How to save the third wave of technology from itself

Daniel Wu Contributor Dan Wu is a privacy counsel and legal engineer at Immuta. He holds a JD from Harvard University, and is a PhD candidate for Social Policy and Sociology at The Harvard Kennedy School. As The New York Times recently profiled, new startups are arising to solve the housing crisis. These startups disrupt what ex-AOL CEO Steve Case calls the “Third Wave,” industries with large social impact. Think: housing, healthcare and finance. To survive, t...
Tags: TC, Facebook, Column, Opinion, Startup, Tech, Harvard University, Aol, Citigroup, Brazil, Steve Case, LendingClub, Legaltech, China California, Markets in Financial Instruments Directive, RegTech

Citi Ventures just led a $28 million round for a startup that helps freelancers manage their finances

Citigroup's investment arm led a $28 million funding round in a San Francisco-based software company that helps creative freelancers manage their finances.  The investment comes as more US workers are participating in the "gig economy," meaning they're outside contractors who don't rely on long-term, traditional employers.  The investment arm of Citigroup is backing a software company that's aimed at helping freelancers manage their bills and projects.  San Francisco-based HoneyBook has just ...
Tags: North Korea, US, San Francisco, Trends, Bureau of Labor Statistics, Citigroup, Citibank, Intuit, Citi Ventures, Shark Tank, Citi, Norwest Venture Partners, Kim Jong, Honeybook, Naama Alon

Citigroup to sell Venezuelan gold in setback to President Maduro: sources

Maduro's government has since 2014 used financial operations known as gold swaps to use its international reserves to gain access to cash after a slump in oil revenues left it struggling to obtain hard currency. Under the terms of the 2015 deal with Citigroup's Citibank, Venezuela was due to repay $1.1 billion of the loan on March 11, according to four sources familiar with the situation. Citibank plans to sell the gold held as a guarantee - which has a market value of roughly $1.358 billion -...
Tags: New York, News, Citigroup, Citibank, Maduro, Citibank Venezuela