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Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
Citigroup executed several capital return strategies, amounting to $6.7 billion in dividends and share repurchases. A new $20 billion stock buyback program highlighted the bank's strong capital ...
Wake up with Breakfast news in your inbox every market day. ... Berkshire took a new stake in Citigroup (NYSE: C) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup ...
Citigroup Inc., or Citi, is an American multinational investment bank and financial services company in New York City. This is a top bank that Warren Buffett bought a massive $2.5 billion worth of ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
Investors cheered earnings from many of the biggest banks this past week, with one notable exception: Citigroup. The stock of the nation’s third-largest lender fell 5% on the day of its third ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
A stock-market rally at the end of the quarter propelled equities trading revenue up 32% to $1.2 billion, lifting overall markets revenue 1%. But bond trading revenue lagged, falling 6% to $3.6 ...