Citigroup looking to reduce Russia exposure -CFO

08:54pm, Wednesday, 02'nd Mar 2022 FX Empire
NEW YORK (Reuters) – Citigroup Inc is looking to reduce its nearly $10 billion exposure to Russian assets using hedging and other strategies, Chief Financial Officer Mark Mason said at the bank’s investor day on Wednesday.
NEW YORK , March 2, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for C, CVX, RIVN, ANTM, and SYY. … Full story available on Benzinga.com

Citigroup''s Fraser Says Bank''s Overhaul Will Take Years

04:03pm, Wednesday, 02'nd Mar 2022 The Wall Street Journal
At her first investor day as CEO, Citigroup’s Jane Fraser laid out her vision for the bank and set a new profitability target.

Citi boosts ROTCE target at investor day

03:13pm, Wednesday, 02'nd Mar 2022 MarketWatch
Citi eyes growth from higher rates, consumer lending, a focus on growth businesses and market shares gains in its first investor day in five years.
The first investor day for the global institution in nearly five years will focus on a three-phase plan for streamlining operations and improving returns.
Citigroup (C) expects revenue growth across net interest income and noninterest revenue in 2022 and expects total expenses to rise ~5%-6%, excluding divestiture impacts, Chief…
Citigroup CEO Jane Fraser is setting the bar for her bank to improve its lagging performance – modestly so.
Upstart is down but certainly not out, as the company's expansion into car loans heats up.

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12:00pm, Wednesday, 02'nd Mar 2022 The Motley Fool
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Escobar: Follow The Money - How Russia Will Bypass Western Economic Warfare Authored by Pepe Escobar via The Cradle, The US and EU are over-reaching on Russian sanctions. The end result could be the de-dollarization of the global economy and massive commodity shortages worldwide… So a congregation of NATO’s top brass ensconced in their echo chambers target the Russian Central Bank with sanctions and expect what? Cookies? What they got instead was Russia’s deterrence forces bumped up to “a special regime of duty” – which means the Northern and Pacific fleets, the Long-Range Aviation Command, strategic bombers and the entire Russian nuclear apparatus on maximum alert. One Pentagon general very quickly did the basic math on that, and mere minutes later, a Ukrainian delegation was dispatched to conduct negotiations with Russia in an undisclosed location in Gomel, Belarus. Meanwhile, in the vassal realms, the German government was busy “setting limits to warmongers like Putin” – quite a rich undertaking considering that Berlin never set any such limits for western warmongers who bombed Yugoslavia, invaded Iraq, or destroyed Libya in complete violation of international law.

Citigroup (C) Stock Moves -1.08%: What You Should Know

10:45pm, Tuesday, 01'st Mar 2022 Zacks Investment Research
Citigroup (C) closed the most recent trading day at $58.59, moving -1.08% from the previous trading session.
NORTH BETHESDA, Md., March 1, 2022 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) announced today that the Company will present at the Citi''s 2022 Global Property CEO Conference on Monday, March 7, 2022 from 7:30 AM ET to 8:05 AM ET. Event: Federal Realty Investment Trust…

E-mini S&P Reaction to 4344.00 Pivot Sets the Tone

04:05pm, Tuesday, 01'st Mar 2022 FX Empire
Financial stocks were some of the biggest losers on Tuesday, with Bank of America down 1.9%, Citigroup off 1.8% and Charles Schwab lower by 3%.
NEW YORK , March 1, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for OXY, C, XOM, FCX, and CVX. … Full story available on Benzinga.com
Morgan McKenney is the latest in a growing line of Wall Streeters leaving traditional finance for the cryptocurrency space.
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