Citigroup Inc. (C) News
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C News Highlights
- C's 30 day story count now stands at 56.
- Over the past 24 days, the trend for C's stories per day has been choppy and unclear. It has oscillated between 1 and 11.
- LAW, TASK and AMC are the most mentioned tickers in articles about C.
Latest C News From Around the Web
Below are the latest news stories about Citigroup Inc that investors may wish to consider to help them evaluate C as an investment opportunity.
7 Stocks Reporting Earnings the Week Of February 28Earnings season is winding down. |
Citigroup (C) Becomes Largest US Bank to Scrap Overdraft FeesIn a move to make overdraft practices more consumer-friendly, Citigroup (C) will eliminate charging overdraft fees, returned item fees and overdraft protection fees by this summer. |
Citigroup, Bank of America among financial stocks sliding amid Ukraine invasionCitigroup (C -5.1%) and Bank of America (BAC -3.9%) are falling the most of U.S.-based megabanks in midafternoon trading on Thursday in the wake of Russia's invasion of Ukraine. Investors are flocking to government bonds, with the 10-year Treasury yield falling 6 basis points to 1.93% after having touched just... |
Sanctions could complicate Citigroup sale of Russian consumer bank -sourcesThe sale of Citigroup's Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly confirmed bidder, banking sources said on Thursday. Although the Russian business is small for Citigroup, it presents an unwelcome headache for the bank's Chief Executive Jane Fraser as she prepares for an investor day next week which could determine the bank's future. Citigroup put the business up for sale last April as part of a broader exit from its international retail operations which it said would take 18 months to complete. |
Analyst eyes better-than-expected ROTCE target for Citi but uncertainty remainsJefferies analyst Ken Usdin expects Citigroup to issue 10% to 12% guidance for its return on average tangible common equity (ROTCE), ahead of the current view. |
Citigroup to eliminate overdraft fees this summerCitigroup Inc said on Thursday it will eliminate all overdraft, returned item and overdraft protection fees by this summer, the first big U.S. retail bank to take the step at a time when regulators are scrutinizing the charges. The bank said that customers who overdraft their accounts can bring their balance above zero by setting up free, automatic transfers from a savings accounts or, in approved cases, accessing a line of credit from the bank. The U.S. Consumer Financial Protection Bureau is exploring issuing new guidance aimed at curbing banks' reliance on the fees, and is seeking information from customers about overdraft and other "junk fees." |
Rothschild Hires Citi Technology Investment Banker Eric Burns(Bloomberg) -- Rothschild & Co. has hired Citigroup Inc. technology investment banker Eric Burns, according to people with knowledge of the matter. Most Read from BloombergRussia Invasion of Ukraine Ignites European Security CrisisWestern Allies See Kyiv Falling Within Hours: Ukraine UpdateRussia Hits Airfields; Kyiv Imposes Martial Law: Ukraine UpdateStocks Erase Decline as U.S. Adds More Sanctions: Markets WrapSix Early Thoughts on Russia's Invasion of UkraineNew York-based Burns will join Rot |
UPDATE 1-Citibanamex could be sold directly or through IPO, but not in pieces -Mexico headThe sale of Citigroup's Mexican business Citibanamex could be done directly or through an initial public offering (IPO), the head of the Mexican business said on Thursday, adding there has been interest from banks and non-banks, both local and foreign. Citibanamex's Chief Executive Manuel Romo ruled out selling the bank piecemeal and said the process could take up to two years, with executives analyzing all potential buyers. "We're not taking anyone out of the running," Romo said on a conference call with the press to discuss company results. |
Chesapeake Utilities Corporation Releases Inaugural Sustainability Report, Establishes Two New Roles to Further Advance ESG InitiativesChesapeake Utilities Corporation (NYSE: CPK) announced today the publication of its inaugural Sustainability Report, which affirms the Company's environmental, social and governance (ESG) commitments. The Company also announced two new organizational changes to advance its ESG strategy and environmental sustainability initiatives. |
Citigroup to stop charging overdraft feesCitigroup Inc. said Thursday it plans to stop charging overdraft fees, returned item fees, and overdraft protection fees by this summer. The New York-based financial firm said it will be the only top five U.S. bank, based on assets, to completely eliminate these fees. The bank said the move represents its commitment "to increase financial inclusion in underserved communities." Citi said it has been minimizing overdraft fees for 20 years and its overdraft revenue currently ranks among the lowest |