By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said […]
NEW YORK — Billionaire New York Mets owner Steve Cohen wants a metaphorical license to print money by snagging one of the state’s available casino licenses. A left-leaning state senator is standing in his way — even helping craft a recently-released poll that reflects poorly on the gaming bid. The feud between the hedge fund […]
Major League Baseball’s Opening Day is Thursday, March 28, and while fans are getting excited to root for their home team, New York Mets fans can look forward to another season of delicious stadium snacks. Citi Field in Queens, New York, was recognized by USA Today as having the best food in any MLB stadium […]
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) -Citigroup appointed Viswas Raghavan from JPMorgan Chase as its new head of banking, prompting a wave of changes at his previous firm just weeks after he was promoted. Raghavan most recently served as JPMorgan’s head of global investment banking. He is expected to join Citigroup in […]
(Bloomberg) — Investor positioning in US technology stocks is so bullish that any selloff could trigger a wider rout, according to Citigroup Inc. strategists. Most Read from Bloomberg Wagers on declines in tech-heavy Nasdaq 100 futures have been completely erased, leaving investors overwhelmingly expecting further gains. “The large consensus positioning is a risk that could […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: So has begun execution on one of my three hobbies: reading an insane amount of earnings call transcripts (go ahead and guess the other two, have at it). While I definitely take this […]
(Bloomberg) — Citigroup Inc. Chief Executive Officer Jane Fraser said billionaire investor Warren Buffett had urged her to continue with the bank’s reorganization efforts during a recent lunch meeting, Reuters reported. Most Read from Bloomberg Fraser told managing directors on Thursday about her conversation with Buffett, according to the report. Buffett’s Berkshire Hathaway Inc., one […]
0% introductory APR for 21 months on balance transfers: One of the longest introductory periods on balance transfers we’ve come across, you’ll get a 0% intro APR on the balance transferred for a full 21 months, which means you’ll have almost two years to pay off your balance. 0% introductory APR for 12 months on […]