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Citigroup Inc

Citi fined $79 million by British regulators over fat-finger trading and control errors

by Merchant Moller
Citi fined  million by British regulators over fat-finger trading and control errors

People walk by a CitiBank location in Manhattan on March 01, 2024 in New York City.  Spencer Platt | Getty Images LONDON — British regulators on Wednesday dished out a …

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Biden’s White House is courting CEOs while bashing corporate greed

by Merchant Moller
Biden’s White House is courting CEOs while bashing corporate greed

U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024.  Craig Hudson | Reuters President Joe Biden has had it …

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Booming luxury travel and a jump in ‘relief’ loans

by Merchant Moller
Booming luxury travel and a jump in ‘relief’ loans

At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped …

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KM Birla said to mull seeking $1.2 billion in Novelis IPO

by Mark McDuffie
KM Birla said to mull seeking .2 billion in Novelis IPO

Billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. is considering seeking about $1.2 billion in a planned initial public offering of US aluminum products maker Novelis Inc., people familiar with the …

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Monzo boosts funding to $610 million to crack U.S., launch UK pensions

by Sipho Sepamla
Monzo boosts funding to 0 million to crack U.S., launch UK pensions

British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 million. The company told CNBC it raised the …

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Citigroup CEO Jane Fraser says low-income consumers are more cautious

by Mark McDuffie
Citigroup CEO Jane Fraser says low-income consumers are more cautious

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of the largest …

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Berkshire Hathaway’s big mystery stock wager could be revealed soon

by Merchant Moller
Berkshire Hathaway’s big mystery stock wager could be revealed soon

Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway, led by legendary investor Warren Buffett, has been …

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Morgan Stanley (MS) earnings Q1 2024

by Mark McDuffie
Morgan Stanley (MS) earnings Q1 2024

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on …

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Bank of America (BAC) earnings Q1 2024

by Mark McDuffie
Bank of America (BAC) earnings Q1 2024

Bank of America Chairman and CEO Brian Thomas Moynihan testifies during a Wall Street oversight hearing by the Senate Banking, Housing, and Urban Affairs committee on Capitol Hill in Washington, …

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Goldman Sachs (GS) earnings Q1 2024

by Mark McDuffie
Goldman Sachs (GS) earnings Q1 2024

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman …

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