Citigroup (C) said it would sell its consumer wealth portfolio in China to HSBC Bank China (HSBC) as the financial firm continues to shed overseas assets in an effort to shrink the size of its operati

Previewing Citigroup's 3rd-Quarter Earnings

04:03pm, Monday, 09'th Oct 2023
Citigroup Inc. (C, Financial) is set to release its third-quarter earnings report on Oct. 13. The consensus on the street is the American banking giant will deliver an earnings per share figure of $1.
Ian Lapey, portfolio manager of the Gabelli Global Financial Services Fund, joins "Power Lunch' to discuss portfolio positioning in the financials sector and the top stocks to watch.
Earnings season kicks off Friday, October 13 as several banks including JPMorgan Chase & Co. (JPM), Citigroup (C), and PNC Financial Services Group (PNC), will be reporting earnings. Scott Krisiloff,
Citigroup (C) agrees to divest its China Consumer Wealth portfolio to HSBC Holdings and retain institutional businesses.
Citigroup Inc (NYSE:C) will report earnings alongside other big banks Friday morning when the company will look to extend its streak of recent earnings beats.  The bank is expected to report revenue

Stocks Sell Off During Bank Holiday

12:02pm, Monday, 09'th Oct 2023
There are no government economic data reports out today; in fact, we're a little quiet around here until mid-week.

Markets Await PPI, CPI Reports

12:02pm, Monday, 09'th Oct 2023
Today is a bank holiday, but one in which the stock market is still open: Indigenous Peoples Day, or Columbus Day, depending on the region of the country you live in. As such, there are no government
Citigroup Inc. on Monday confirmed reports of the sale of its consumer-wealth portfolio in China to HSBC Plc after it announced plans to exit the business in December 2022.

What Could Finally Turn Around Citigroup?

06:00am, Monday, 09'th Oct 2023
Trimming layers of managers will help, but the global bank faces headwinds ranging from interest rates to new capital rules.
HSBC Holdings PLC (LSE:HSBA) is set to significantly expand its Chinese operations with the acquisition of Citigroup Inc (NYSE:C)'s consumer wealth portfolio in the country for an undisclosed sum. Exp
Citigroup Inc said on Monday it has agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management (AUM) and deposits to HSBC Bank China.
Profit updates from the U.S.'s largest banks are expected to fare better than their stock price weakness would suggest when third-quarter earnings season kicks off this coming Friday.
Citigroup (C) is reviewing staff lists to decide who will remain in place, who will be reassigned and who will be laid off during its previously announced organizational restructuring plan.
Chuck Lieberman, co-founder and CIO of Advisors Capital Management, joins 'Squawk on the Street' to discuss whether the banks are safe, any concerns with the losses in banks' bond portfolios, and more
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