CITIGROUP INC (C)

US1729674242 - Common Stock

62.01  -0.44 (-0.7%)

After market: 61.89 -0.12 (-0.19%)

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an hour ago - InvestorPlace

Wall Street’s New Favorites: 3 Stocks Analysts Are Raving About in May

Explore Wall Street's resurgence with May's analyst favorite stocks, spotlighting promising IPOs and top picks set to dominate the market.

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2 hours ago - Bloomberg

Bank OZK’s Sudden 17% Drop Puts Focus Back on Real Estate Stress

It seemed like a smart real estate play in the wake of a global pandemic: build life-science labs to satiate soaring demand for space to develop medical breakthroughs. Bank OZK was among those to bet big on the industry, most notably through a sprawling San Diego waterfront complex.

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3 hours ago - InvestorPlace

The 3 Best MedTech Stocks to Buy Now: May 2024

Explore the best MedTech stocks to buy now that are driven by AI's potential to revolutionize healthcare efficiency.

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6 hours ago - Zacks Investment Research

Citigroup (C) Rides on Restructuring Efforts, Fee Income Ails

Citigroup's (C) is set to benefit from its strategic efforts of restructuring the organization and streamlining non-core businesses. Yet, challenges to grow fee income and mounting costs are woes.

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10 hours ago - Bloomberg

Citi Buyout Banker Sees More PE Firm Exits After US Election

Private equity firms are under high pressure from sponsors to exit companies, with selling activity likely to pick up after the US election, according to Anthony Diamandakis, the global head of Citigroup’s global asset managers team.

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a day ago - Zacks Investment Research

Citigroup (C) Stock Declines While Market Improves: Some Information for Investors

The latest trading day saw Citigroup (C) settling at $62.45, representing a -1.78% change from its previous close.

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a day ago - Market News Video

Notable Tuesday Option Activity: DG, DE, C

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a day ago - Bloomberg

Owens Corning Gauging Interest for Bonds to Fund Masonite Deal

Owens Corning is testing investor appetite for bonds that will help refinance a portion of its $3.9 billion acquisition of doormaker Masonite International Corp.

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2 days ago - Bloomberg

Citi Sees Rupee a Favorite in Asia as India Joins Key Bond Index

Citigroup Inc. remains positive on the Indian rupee and expects it to build on its outperformance in the region this year.

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2 days ago - Bloomberg

Israel Holds Rates as Wartime Inflation, Fed Pause Delay Easing

Israel’s central bank left interest rates unchanged for a second meeting, as the prospect of easing grows more remote for an economy whipsawed by war.

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2 days ago - Chartmill

Is CITIGROUP INC Ready to Break Out of Its Range?

A technical analysis of CITIGROUP INC (NYSE:C) shows it may be setting up for a breakout.

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2 days ago - Bloomberg

Vedanta Is Said to Weigh $1 Billion Share Sale as Soon as June

Indian commodities tycoon Anil Agarwal’s Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as 85 billion rupees ($1 billion), people with knowledge of the matter said.

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3 days ago - Bloomberg

Hyundai Adds More Banks for Possible Record India IPO

Hyundai Motor Co. has brought in Kotak Mahindra Bank Ltd. and Morgan Stanley as advisers on a potential initial public offering of its India unit, according to people familiar with the matter, as the automaker considers what might be one of the biggest-ever listings in the South Asian country.

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5 days ago - CNBC

Saudi Arabia plans Aramco share sale as soon as June, Reuters sources say

The offering could raise around $10 billion, but the preparations are ongoing and the details could still change.

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6 days ago - Bloomberg

Stock Traders Prepare Game Plan for Biggest Shakeup Since Brexit

The earlier-than-expected UK election is prompting traders to prepare for the country’s biggest political shakeup since Brexit, despite the mostly muted market reaction since the announcement was made.

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6 days ago - Bloomberg

Citi, HSBC Order More Staff to Work in Offices Five Days a Week

Citigroup Inc. and HSBC Holdings Plc are ordering more US staffers to report to company offices five days a week as regulatory changes make it trickier for Wall Street to allow working from home.

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6 days ago - InvestorPlace

The Savvy Investor’s Cheat Sheet: 3 Deep Value Picks for May 2024

There are a few potentialy deep value stocks to buy that investors may wish to put on their watchlists by summer.

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6 days ago - Zacks Investment Research

Citigroup (C) Faces Penalty of $78.4M for 2022 Flash Crash

Citigroup (C) is being fined $78.4 million by two British regulators due to an inputting error, leading to a flash crash in 2022.

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7 days ago - The Motley Fool

3 No-Brainer Warren Buffett Stocks to Buy Right Now for Less Than $1,000

A small amount of money can go a long way when you invest in quality companies for the long haul.

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7 days ago - Bloomberg

Citi Considers Reducing Office Space in Singapore Tower

Citigroup Inc. is considering reducing its office space in Singapore as remote working gains traction in the city-state.

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7 days ago - Yahoo Finance

Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks

The trader accidentally entered 58 million into the quantity field, ultimately creating a massive trade that was worth $444 billion.

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7 days ago - Yahoo Finance

Ex-Citi banker says she was fired for refusing to give false data to regulator

A former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators false information. Kathleen Martin, a former managing director Citi hired in 2021 to help with data issues, said in a lawsuit filed in a New York district federal court that her supervisor COO Anand Selva wanted her to hide "critical information" from the Office of the Comptroller of the Currency (OCC) about the bank’s data governance metrics.

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7 days ago - Bloomberg

A Brief History of Wall Street’s Fat Finger Problem

A single Citigroup Inc. trader caused havoc in European stocks in 2022 after the simplest of blunders: The staffer entered the value of stocks they wanted to buy into the wrong field of the bank’s trading system. The mistake triggered a five-minute selloff in European stocks from France to Norway, with $1.4 billion worth of equities sold in error.

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7 days ago - Bloomberg

Ex-Citi Official Says She Was Fired for Not Making False Reports

Kathleen Martin, a former senior data compliance official at Citigroup Inc., accused the bank of firing her for refusing to mislead a regulator about the lender’s data governance efforts.

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7 days ago - Yahoo Finance

Trader’s ‘fat finger’ costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market spasm

The erroneous trade prompted 711 pop-up warning messages in a single alert before it sparked a European selloff.

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7 days ago - Yahoo Finance

Citi Trader Got 711 Warning Messages Before Sparking Flash Crash

(Bloomberg) -- For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe TurbulenceBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeIt was a public holiday in the UK, so it should have been a quiet day in the markets. A little before 9 a.m., the s

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7 days ago - Bloomberg

The 15 Minutes on a Citi Trading Desk That Sparked a Flash Crash

For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse.

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7 days ago - Bloomberg

Turkish Fintech Colendi Raises Funds at $700 Million Valuation

Turkey’s fintech startup Colendi raised $65 million in fresh funding from a group of investors including Citigroup Inc.’s venture capital arm at a valuation of $700 million.

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7 days ago - The Guardian

Citigroup fined over ‘fat finger’ error that led to £1.1bn of mistaken orders

UK regulators fine bank £61.6m over 2022 trader blunder that prompted flash crash in European stocks

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7 days ago - Bloomberg

Jefferies Hires Citi’s Alex De Souza for UK Investment Banking

Alex De Souza is joining Jefferies Financial Group Inc. as co-head of UK and Ireland investment banking, according to people familiar with the matter.

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8 days ago - Yahoo Finance

Citi fined $79 million by UK regulators over trading and control failures

LONDON (Reuters) -Britain's banking and financial regulators said on Wednesday they had fined U.S. bank Citigroup more than 61.6 million pounds ($78.5 million) for failures in its trading systems and controls. The fine is one of the largest for controls breaches in the UK since the global financial crisis in 2008-2009. The Prudential Regulation Authority (PRA) said in a statement that problems at Citigroup Global Markets Limited (CGML) had "crystallised into trading incidents," including one in May 2022 when an "experienced trader incorrectly inputted an order" that led to $1.4 billion being executed on European exchanges by mistake.