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C News Highlights
- C's 30 day story count now stands at 24.
- Over the past 22 days, the trend for C's stories per day has been choppy and unclear. It has oscillated between 1 and 9.
- The most mentioned tickers in articles about C are AMC, TOP and BASE.
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.
Financial market traders are buzzing about AMC Entertainment (NYSE: AMC), but not necessarily in a positive way. Just recently, the company announced a large-scale issuance of its "special dividend" preferred equity shares, also known as APE (NYSE: APE) stock. This is problematic as it raises questions about how far AMC Entertainment is willing to go in order to raise capital. I am neutral on AMC stock. AMC Entertainment is a popular American movie theater chain. However, on Wall Street during the past year or two, the price moves of AMC stock haven't always reflected the state of the U.S. cinema market or of AMC Entertainment in particular.
(Bloomberg) -- Some of the Revlon Inc. creditors who were accidentally sent more than $900 million by Citigroup Inc. asked a federal appeals court for a rehearing, after it ruled that they had to give the money back.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekThe Great Bond Bubble Is ‘Poof, Gone’ in Worst Year Since 1949John Paulson on Frothy US Housing Market: This Time Is Different‘Read Putin More Often and Carefully,’ Lavrov Tells the WorldUK Market
Stocks continued to fall in the wake of the Federal Reserve's September meeting earlier this week.
Citigroup is dramatically scaling back the amount it lends to asset managers, including private equity firms, as the US bank races to meet tough new capital rules, according to people familiar with the matter. The type of lending that Citi is backing away from is known as subscription-line financing, a niche but important business for Wall Street banks that want to develop deep ties with dealmaking clients, especially private equity groups. Citi’s existing book totals roughly $65bn and the bank is preparing to slash that to about $20bn in the coming months, one of the people said.
Share of the Swiss bank Credit Suisse (NYSE: CS) are trading roughly 11.7% down as of 11:26 a.m. ET today after rumors of a potential capital raise spooked investors. Citing anonymous sources, Reuters reported today that Credit Suisse is speaking with investors about potentially raising capital as the beleaguered bank continues to attempt to turn itself around. The Reuters report also suggested that as Credit Suisse revamps its investment banking operations, it is considering exiting the U.S. market, although a Credit Suisse spokesperson responded to the report, saying the bank has no plans to do so.
Citigroup Inc. (NYSE:C) insiders who sold US$4.6m worth of stock earlier this year are probably glad they did so as market cap slides to US$88b
By selling US$4.6m worth of Citigroup Inc. ( NYSE:C ) stock at an average sell price of US$70.28 over the last year...
(Bloomberg) -- Citigroup Inc. is targeting India as one of its top markets to expand in globally as risks mount in China and other regions, the bank’s global co-head of investment banking said.India presents “very clear” opportunities, said Manolo Falco, the global co-head of Banking, Capital markets and Advisory, in an interview in Mumbai. The New York-based lender expects initial public offerings in India to pick up next year as well as inbound deals in renewable energy and infrastructure, he
Citigroup (C) closed at $45.58 in the latest trading session, marking a -1.62% move from the prior day.
Yahoo Finance Live anchor Dave Briggs breaks down the congressional testimonies of big bank CEOs made earlier this week about inflation.
Credit card rewards points aren't all created equal; some yield better benefits. How American Express, Citi, and Chase stack up.