CITIGROUP INC (C)

Richard Parsons, prominent Black executive who led Time Warner and Citigroup, dies at 76

Richard Parsons, one of corporate America's most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday. Parsons, who died at his Manhattan home, was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. The financial services company Lazard, where Parsons was a longtime board member, confirmed his death.

Richard Parsons, American media and finance troubleshooter, dies at 76

A prominent Black businessman, Parsons also helped the NBA's Clippers navigate a scandal over racism. Parsons was widely credited with the turnaround of Time Warner after its botched $165 billion merger with AOL, CNN reported. With Parsons as CEO, Time Warner slashed its debt by roughly half as it ushered in a new era of sustainable growth.

Richard Parsons, Who Rescued Time Warner, Citigroup, Dies at 76

Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup Inc. and Dime Savings Bank of New York, has died. He was 76.

Citigroup (C) Beats Stock Market Upswing: What Investors Need to Know

In the most recent trading session, Citigroup (C) closed at $71, indicating a +1.76% shift from the previous trading day.

Introducing the "Dividend Seven" Stocks

Banks, organizations sue Federal Reserve over annual stress tests - UPI.com

The Bank Policy Institute is leading a group of banks and financial organizations in a lawsuit on Tuesday against the Federal Reserve over its annual stress tests.

Citigroup (C) Outperforms Broader Market: What You Need to Know

The latest trading day saw Citigroup (C) settling at $69.77, representing a +0.84% change from its previous close.

Ex-Citigroup Trader Wins Unfair Dismissal Case in Hong Kong

An Asia equity sales trader who was fired from Citigroup Inc. in 2019 won an employment suit against the US bank, Hong Kong’s Labour Tribunal ruled on Monday.

The year that Wall Street got its swagger back

Big bank bosses have a lot to cheer about as 2024 comes to an end. Dealmaking is surging, and an era of looser regulations looms with a new administration about to take over the White House.

These 3 Warren Buffett Dividend Stocks Have Trounced the Market This Year. Can They Do It Again in 2025?

Reverse stock splits: Often a path to oblivion

Reverse stock splits offer an immediate - if artificial - benefit to companies struggling with low stock prices. But they rarely work out long term. The post Reverse stock splits: Often a path to oblivion appeared first on FreightWaves.

Noteworthy Thursday Option Activity: C, FCX, LLY

Korea Said to Fine Barclays, Citi for Naked Short Selling

(Bloomberg) -- South Korea has fined Barclays Plc and Citigroup Inc. for naked short selling, according to people familiar with the matter, as the nation ramps up its fight against such illegal trading practices. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousBarclays and Citi were fined 13.7 billion won ($9.5 million) and 4.7 billion won, respectively, by the Securities and Futures Commission, said three people, who asked not to be identified discussing i

Korea Fines Barclays, Citi for Naked Short Selling: Chosun

South Korea has fined Barclays Plc and Citigroup Inc. for naked short selling, Chosun Ilbo newspaper reported, as the nation ramps up its fight against such illegal trading practices.

Citi's Baldwin Sees Upside Catalysts in Europe Market

Global Research Head at Citigroup Lucy Baldwin discusses US and European market outlook. Speaking on Bloomberg Television, she says the US market still offers "attractions," adding that there are also a number of factors that could work as "an upside catalyst" for Europe. "I think there's a few things that could give us hope that Europe is going to see, if not double digit upside to the market next year, then at least very high single digit upside," Baldwin says. (Source: Bloomberg)

Hong Kong counts on China-traded firms to boost 2025 listings

Such listings could help lift Hong Kong’s IPO volumes to about US$15 billion (S$20.25 billion) in 2025.

Crypto and Rates to Drive US Convertible Debt Growth in 2025

The US convertible securities market could test its pandemic-era highs in 2025, bankers say, with interest rates remaining above where many on Wall Street expected and a crypto asset-related strategy that shows no sign of going away soon.

Citigroup (C) Exceeds Market Returns: Some Facts to Consider

In the latest trading session, Citigroup (C) closed at $71.49, marking a +0.68% move from the previous day.

Why Micron Technology Rallied Today

Shares of Micron Technology (NASDAQ: MU) rallied 6.8% on Monday, as of 1:41 p.m. ET. The memory chip supplier will hold its earnings on Wednesday, as one of the last major companies to report before the year closes out. Today, Citigroup sell-side analyst Christopher Danley published a bullish note ahead of earnings, maintaining a buy rating and a $150 price target.

Citigroup Sees China's Larger Fiscal Stimulus Going Into 2025

Johanna Chua, head of emerging market economics at Citigroup Global Markets, shares her take on the latest figures out of China, and discusses government and central bank policies. China’s retail sales growth unexpectedly weakened in November, while industrial output increased slightly more than the previous month, and home-price declines eased for a third month. Chua speaks on "Bloomberg: The China Show." (Source: Bloomberg)

S&P 500 Banking Giant Leads Five Stocks To Watch Amid Market Rally

Goldman Sachs and Fortinet are among the stocks investors should keep tabs on.

S&P 500 on Track for 6,500, Says Citi – Here Are 2 Stocks Poised to Climb Along

With the 2024 election behind us, conventional wisdom suggests a second Trump administration may aim to replicate the economic playbook of the first. This approach is expected to feature a blend of pro-business deregulation and elements of protectionism. Citigroup head of US equity strategy Scott Chronert is keeping a close eye on the evolving economic landscape and leans toward an optimistic outlook – while acknowledging the inherent risks. “We maintain a positive view on US equities headed int

Citi Sees SEAsia as Target to Diversify Client Supply Chains: Report

Citi sees potential in Southeast Asia, where client activity at the bank is up double digits across its Asean trade corridors with other markets, the Business Times reported Thursday, citing Jason Rekate, co-head of corporate banking at the US bank.

Citi Wealth Urges Investors to Look Past S&P 500 for 2025 Gains

US stocks can keep climbing next year even after posting banner returns in 2023 and 2024, with gains fueled by economic and corporate profit growth, according to Citigroup Inc.’s wealth division. But investors probably should look for opportunities beyond the usual suspects.

Citigroup & JPMorgan Expect Q4 IB and Market Revenues to Rise

C and JPM project IB and market revenues to grow in the fourth quarter of 2024. The banks also provide new and updated guidance for revenues and expenses.

Santander Irks Analysts With Hint on Dropping Regional Results

Banco Santander SA risks confusing investors and denting the performance of its shares if it drops the practice of reporting results along geographical lines, according to analysts at Citigroup Global Markets and Autonomous Research.