Citigroup’s Net Income Drops 46% In the First Quarter of 2022
(Citi) Citigroup reported a net income of $4.3 billion in the first quarter of 2022, a decline compared to incomes of $7.9 billion in the prior year. The lower earnings…
Citi Eyes Digital Assets With 100 Positions Set to be Filled in Leading Markets
(Reuters) Citigroup seeks to fill 100 positions in different countries in readiness for the adoption of crypto assets and blockchain. The crypto team, who will be housed at the bank’s…
C Stock Price Forecast Ahead of Earnings
The Citigroup stock price has dropped in the past three straight days as investors wait for the company’s quarterly results scheduled for Thursday this week. The stock dropped to $70…
Reserve Release Pushes Citi Bank Profits Up to $6.19B Against the Market Estimates
(Citigroup.com) Citi bank reported a net income of $6.19 billion or 2.85 per share for the quarter ended June 30. The profit is an increase from 1.06 billion or 38…
Blow to Citi, JPMorgan, and 8 Other Banks as EU Blocks them from Bond Sales
(Bloomberg) Banks that include Citigroup Inc. are targeted in a European Union freeze on sales of syndicated bonds. JPMorgan, Bank of America, Barclays, Deutsche Bank, and Nomura Holdings are the…
Citi Considers Inroads into Crypto Trading on Growing Clients’ Demands
Citigroup is exploring the idea to launch crypto trading, custody, and related financing services, according to The Block. The move reflects growing interest in bitcoin from the bank’s major clients…