Citigroup News

As one of the major banks in the United States, Citigroup is currently charting a path in the post-2008 financial crisis era. The best way to stay up-to-date with its progress, stock position and products is through the Wiser daily Citigroup news email. It is a huge bank, with $1.8 trillion in assets and a presence all over the world. It has two main areas of business. The first is in consumer and business banking, and the second is its brokerage and asset management business. It was founded in 1998 in what was at the time one of the biggest corporate mergers in history. Today its chief executive officer is Mike Corbat. On a corporate level, it is still recovering from the huge losses of 2008 and the government-backed rescue. On a local level, it is a bank responsible for the deposits, loans and mortgages of millions of individual Americans and hundreds of thousands of businesses. Whatever part of the Citigroup story you are interested in you will get the information you need with our daily digest. Sign up today for this free email that is packed with the latest Citigroup news from the best sources on the internet.

Recent Citigroup News Coverage
 
Your Weekly Recommendations Wednesday, March 29, 2017
 
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Bank Of America: Compared To Wells Fargo And JPMorgan Chase
Seeking Alpha • Chris B. Murphy
Turkey State-Run Bank Sinks After U.S. Sanctions Case Arrest
Bloomberg • Tugce Ozsoy
Frontier Airlines Is Said to Be Planning Second-Quarter IPO
Skift • Alex Barinka, Bloomberg, Mary Schlangenstein
From Silk to Bees and Back? Hedge Fund Battles 144-Year Old Firm
Bloomberg • Lisa Pham
Abu Dhabi fund loses crisis-related arbitration against Citigroup
Reuters • Nate Raymond
How long will the soft data support Donald Trump?
Washington Post • Daniel W. Drezner
Exclusive: Citigroup to seek bids for Asia general insurance distribution deal - source
Reuters • Anshuman Daga
Investigation results expected soon on Wells Fargo account scandal
Minnesota Public Radio
Fintechs: Banks can't live with 'em, can't live without 'em
American Banker • Penny Crosman
Stocks slide on doubts over Trump agenda
MarketWatch
 
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Bank of America, Citigroup Inc
Bank Of America: Compared To Wells Fargo And JPMorgan Chase
Seeking AlphaChris B. Murphy
Summary Bank of America, JPMorgan Chase, and Wells Fargo have all had double-digit net interest income growth in the past few months. Bank of America posted the lowest net interest income out of the three banks. However, the bank is forecasting $600...
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Bank of America, Citigroup Inc
Turkey State-Run Bank Sinks After U.S. Sanctions Case Arrest
BloombergTugce Ozsoy
The biggest state-owned bank on Turkey’s stock market plunged the most on record on Wednesday after its deputy chief executive was arrested in the U.S., accused of using his position at the bank to help facilitate evasion of U.S. sanctions on Iran....
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Airline Industry, Bank of America
Frontier Airlines Is Said to Be Planning Second-Quarter IPO
SkiftAlex Barinka, Bloomberg, Mary Schlangenstein
Frontier Airlines Inc., the no-frills U.S. carrier whose aircraft feature animals on the tails, is aiming to go public as soon as the second quarter, people with knowledge of the matter said. JPMorgan Chase & Co., Deutsche Bank AG, Citigroup Inc. and...
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Citigroup Inc, Corporate Governance
From Silk to Bees and Back? Hedge Fund Battles 144-Year Old Firm
BloombergLisa Pham
Katakura Industries Co., a Japanese company founded more than a century ago, is no stranger to reinvention. Once a silk producer, it has diversified into making underwear, manufacturing fire engines, operating shopping malls and even bee-keeping. Now, activist hedge fund Oasis Management...
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Citigroup Inc, Finance
Abu Dhabi fund loses crisis-related arbitration against Citigroup
ReutersNate Raymond
Citigroup Inc (C.N) has prevailed in the latest arbitration pursued by Abu Dhabi Investment Authority over the sovereign wealth fund's $7.5 billion investment in 2007 to shore up the then-struggling bank during the subprime mortgage meltdown. Documents in the case were unsealed...
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Citigroup Inc
How long will the soft data support Donald Trump?
Washington PostDaniel W. Drezner
A board above the trading floor of the New York Stock Exchange shows the Dow Jones industrial average closing number above 21,000 on March 1, 2017. (AP Photo/Richard Drew)
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Bank of America, Citigroup Inc
Exclusive: Citigroup to seek bids for Asia general insurance distribution deal - source
ReutersAnshuman Daga
Citigroup Inc (C.N) will seek bids from global insurers keen to sell general insurance products across the U.S. bank's Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter told . Citi's...
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American Express Co, Bank of America
Investigation results expected soon on Wells Fargo account scandal
Minnesota Public Radio
The banking giant opened 2 million accounts without consent because of internal pressure to increase sales.
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Bank of America, Banking
Fintechs: Banks can't live with 'em, can't live without 'em
American BankerPenny Crosman
Bankers have increasingly come to accept that they need to work with fintechs — most financial institutions can't build technology as quickly and creatively as a startup can, with top developer talent, agile methods and quick execution. Fintechs, in turn, have grown...
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Bank of America, Citigroup Inc
Stocks slide on doubts over Trump agenda
MarketWatch
The U.S. stock market fell sharply on Monday as investors' confidence in Trump administration's ability to implement fiscal policy changes was dented after a health-care bill was scrapped ahead of a House vote last week. Lower oil prices put pressure on energy...
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