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C News Highlights
- C's 30 day story count now stands at 21.
- Over the past 13 days, the trend for C's stories per day has been choppy and unclear. It has oscillated between 1 and 6.
- AG, TOP and UBS 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.
'Deutsche Bank has been a problem child,': Author
The most recent leg of the ongoing bank crisis saw First Citizens BancShares (FCNCA) move to acquire the collapsed Silicon Valley Bank. First Citizens will pay $16.5B for SVB's $72B in loans and the transfer of all the bank’s deposits, worth $56B. Roughly $90B in Silicon Valley Bank’s securities and other assets were not included in that sale, and remain in the custody of the Federal Deposit Insurance Corporation. It was speculated that U.S. taxpayers could be on the hook for the $90B in unsold assets -- when asked if that scenario was likely in an interview with Yahoo Finance's Rachelle Akuffo, New York Times Business Investigations Editor David Enrich said, "I don't think this is likely to be a huge taxpayer bailout... at least not compared to the bailouts we have seen in 2008, and ev...
Citigroup’s Truscott to Depart as UK Investment Banking Head
(Bloomberg) -- Citigroup Inc.’s head of investment banking in the UK is leaving, prompting the latest in a series of changes to its London-based leadership.Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsFirst Citizens to Buy SVB After Biggest Failure Since 2008Schwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksAndrew Truscott is standing down to become chief executive officer of John L
Why the biggest banks 'could be natural beneficiaries' of current turmoil: strategist
The biggest U.S. banks stand to become even more powerful in the wake of the banking crisis — whereas regional banks could lose their foothold.
SVB testimony, inflation update, and earnings- everything you need to know for the week ahead
SVB hearings, major economic data, and some heavy hitters reporting earnings. There’s a lot going on in the week ahead. Here’s what you need to know: For the first time, members of Congress will grill top banking regulators over the collapse of Silicon Valley Bank and Signature Bank. Top officials from the Federal Reserve, FDIC, and Treasury Department are expected to testify on Tuesday and Wednesday on Capitol Hill, as lawmakers try to get to the bottom of why the banks failed. Wall Street will be watching this week for the latest round of economic figures. We’re set to receive 2022 Q4 GDP (final), PCE inflation data, consumer confidence, and fresh information on the health of the housing market. And big time market movers Walgreens (WBA), Carnival Cruise Line (CCL), and Lululemon (LUL...
4 Bank Stocks STILL Paying Secure Dividends
The banking crisis sparked by the failure of SVB has resulted in some very safe banks offering some very fat dividends.
Citigroup CEO says banking system ‘pretty sound’ after failures of Silicon Valley Bank, Signature Bank
Citigroup Inc CEO Jane Fraser on Wednesday expressed optimism in the nation's banking system despite the failures of Silicon Valley Bank and Signature Bank.
Citigroup (C) Stock Sinks As Market Gains: What You Should Know
Citigroup (C) closed at $43.45 in the latest trading session, marking a -0.59% move from the prior day.
UPDATE 3-Citigroup CEO declares 'this is not a credit crisis' after U.S. bank failures
Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. "The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. In the past two weeks, two U.S. banks collapsed, Credit Suisse Group AG was taken over by Swiss rival UBS Group AG and America's biggest lenders agreed to deposit $30 billion in beleaguered First Republic Bank.
Citi Raises Base Rate
NEW YORK, March 22, 2023--Citibank, N.A. said today it has raised its base lending rate to 8.00% from 7.75%, effective tomorrow, Thursday, March 23, 2023.
SVB is 'one of the safest banks' to store deposits: Venture Capitalist
Even with recent turmoil, Founding Partner and Managing Director of venture capital firm Khosla Ventures Samir Kaul says SVB is "one of the safest banks to bank with." Kaul told Yahoo Finance's Rachelle Akuffo that Khosla Ventures recommends companies keep some of their money at SVB, citing to FDIC's move to ensure 100% of all deposits. The firm, alongside several other venture capitalists, originally came out in support of SVB almost two weeks ago, issuing a joint statement encouraging companies to stay with the bank "in the event that SVB were to be purchased and appropriately capitalized." Even though almost half of all VC-backed companies banked with SVB, Kaul says the startup ecosystem remains "as vibrant as ever." That being said, he added the effects from the bank's early March c...