Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – Citigroup’s (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking … Read more

Major US banks show profit boost, but some caution from consumers

Major US banks show profit boost, but some caution from consumers

[1/2]The entrance to JPMorgan Chase’s international headquarters on Park Avenue is seen in New York October 2, 2012. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – Major U.S. banks said on Friday higher interest rates boosted profits, sending shares sharply up, even though they said the economy was slowing and saw … Read more

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

[1/2]The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 12 (Reuters) – Wall Street bonuses could fall 16% this year as interest rates possibly staying higher for longer threatens the … Read more

Citigroup to sell China consumer wealth business to HSBC

Citigroup to sell China consumer wealth business to HSBC

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Oct 9 (Reuters) – Citigroup Inc (C.N) said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets … Read more

Exclusive: Klaviyo leans towards raising IPO price range amid market euphoria

Exclusive: Klaviyo leans towards raising IPO price range amid market euphoria

NEW YORK, Sept 15 (Reuters) – Marketing automation firm Klaviyo Inc is in advanced discussions to raise the indicative price range of its initial public offering (IPO), people familiar with the matter said on Friday, as strong investor demand emboldens stock market hopefuls. Klaviyo, which is seeking an $8 billion fully diluted valuation at the … Read more

Conservatives hope Supreme Court defangs US consumer watchdog

Conservatives hope Supreme Court defangs US consumer watchdog

The U.S. Supreme Court building is seen on the day that Justices Clarence Thomas and Samuel Alito released their delayed financial disclosure reports and the reports were made public in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights WASHINGTON, Sept 12 (Reuters) – The U.S. Consumer Financial Protection Bureau is currently pursuing … Read more

Exclusive: U.S. sports league caps maker New Era prepares for IPO-sources

Exclusive: U.S. sports league caps maker New Era prepares for IPO-sources

Apr 29, 2023; Mexico City, Mexico; New Era caps on display during a MLB World Tour game at Estadio Alfredo Harp Helu. Mandatory Credit: Kirby Lee-USA TODAY Sports/File Photo Acquire Licensing Rights NEW YORK, Sept 7 (Reuters) – New Era Cap LLC, a supplier of major U.S. sports league headware, has kicked off preparations for … Read more

US bank stocks fall on prospect of tougher oversight, more downgrades

US bank stocks fall on prospect of tougher oversight, more downgrades

A person waits on the Wall Street subway platform in the Financial District of Manhattan, New York City, U.S., August 20, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Aug 15 (Reuters) – Shares of U.S. banks dropped on Tuesday as the prospect of tighter regulations and a possible downgrade of several lenders by Fitch Ratings … Read more

Gabon sees Africa’s first ‘debt-for-nature’ swap over the line

Gabon sees Africa’s first ‘debt-for-nature’ swap over the line

A view shows an ecoguard walking on a path in the Arboretum Raponda Walker during a press visit of this protected forest aera on the eve of the opening of the One Forest Summit in Libreville, Gabon, February 28, 2023. REUTERS/Elizabeth Pineau/File Photo JOHANNESBURG, Aug 8 (Reuters) – Gabon moved forward with Africa’s first debt-for-nature … Read more

Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing Rights Italy’s 40% one-off tax hit bank shares Moody’s downgrades 10 U.S. lenders, flags real estate exposure Regional bank stocks lower Aug 8 (Reuters) … Read more