citigroup

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Inc (NYSE: C), has put forward the notion that it will attempt to shed up to 50% of its technology and operations staff within the next five years. This amounts to approximately 10,000 of its 20,000 staff in the field.Jamie Forese, preside..

Citigroup and Deutsche Bank face 'criminal cartel' charges

Citigroup and Deutsche Bank face 'criminal cartel' charges

Citigroup Inc (NYSE: C), Deutsche Bank AG (NYSE: DB) and the Australian bank, ANZ are currently facing criminal charges in Australia resulting in an investigation into their responsibility in the sale of shares in one of the country’s top bank..

Citibank to Refund $335 Million to Cardholders

Citibank to Refund $335 Million to Cardholders

Citigroup Inc (NYSE: C) announced on February 23 of its intention to issue refunds to its cardholders. About 1.75 million subscribe to the bank's financial instrument. The total refund will be to the tune of $335 million. The average amount per ..

Apollo Nears Deal to for Fortress’ Equity in OneMain

Apollo Nears Deal to for Fortress’ Equity in OneMain

Apollo Global Management, LLC (NYSE: APO) along with Värde Partners, Inc. announced on Thursday that they have entered into a definitive agreement with Fortress Investment Group LLC to acquire its remaining equity interest in OneMain Holdings I..

Citi Says 40% Apple will Acquire Netflix

Citi Says 40% Apple will Acquire Netflix

After the Trump administration’s giant corporation tax cut, Citigroup Inc (NYSE: C) analysts Jim Suva and Asiya Merchant say there is a 40 percent chance Apple Inc. (NASDAQ: AAPL) will acquire Netflix Inc. (NASDAQ: NFLX), first reported by Bus..

Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo & Co. (NYSE: WFC) reported its third quarter earnings for fiscal year 2017. The bank missed estimates for revenue, which, along with the massive consumer scandal expenses, sent shares down over 3 percent on Friday.The bank repor..

Citi Beats on Third-Quarter Financial Results

Citi Beats on Third-Quarter Financial Results

On Thursday, Citigroup Inc (NYSE: C) announced its financial results for the third quarter of 2017. Both earnings and revenue beat previous estimates.According to the company, revenue increased 2% from $17.8 billion for the same period last year to ..