Wall Street firms have failed to keep up with a stock market that’s boomed for more than five years, losing ground to industries including technology and health care.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
The sharp decline in trading revenue at Jefferies Group is a sign of more pain to come on Wall Street.
Citigroup traders will be spared the full pinch of this year’s market slump, while investment bankers won’t get bonus boosts as big as their surge in dealmaking.
Citigroup agreed to pay a $3m fine after discovering that it failed to deliver paperwork on more than 250,000 customer purchases of exchange-traded funds.
Citigroup is being sued in Abu Dhabi by an investor who alleges the bank defrauded investors and covered up losses in a real estate fund.
A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.
The fourth-quarter will be "marginally profitable" after the charges.
JPMorgan has told some hedge-fund clients that they’ll have to take their deposits elsewhere or pay to keep the accounts, a person familiar with the matter said.
Eight of the biggest U.S. banks are about to find out just how risky the Federal Reserve thinks they really are.
The US electronic stock-trading business continues to retrench
Barclays is weighing whether to recoup some or all of the £290m Libor rate-rigging fine imposed by regulators last year from the 2012 bonus pool of its investment bankers.
Deutsche Bank has announced two appointments within its Corporate Finance group in North America.
The Financial Times reports that BlackRock boss / co-founder Larry Fink is a phone friend of U.S. Treasury Secretary Tim Geithner.
A couple of financial names could lead banking sector stocks higher in 2013, RBC Capital Markets Lead Bank Analyst Gerard Cassidy says.
Exactly four years after suing Citigroup for allegedly defrauding him into buying music company EMI Group, British financier Guy Hands said the bank has no grounds now to deprive him of his day in a U.S. court.
Bank of America has 'Project New BAC' and Wells Fargo has 'Project Compass'.
Citigroup Executive Vice President Candi Wolff can talk about Christmas trees for hours. She can tell you how an electric tree baler works, the difference between a Colorado Blue Spruce and a Douglas Fir, and that tree sales are a year-end economic indicator, although she can’t quite tell you why.
Here's how Citi CEO Michael Corbat might look, but check the links below to see how 9 other top firm CEOs might appear if they were made Pope.
'The bank had fired two fixed income traders for violating its code of conduct'.
Shawn D. Miller, a Citigroup executive found dead in his apartment bathtub in New York City earlier this week, probably killed himself, police said.