Citigroup Stock News

Citi broke down in a new note which consumer staples companies have the largest sales exposure to Russia and Ukraine as the attack on Kiev and Kharkiv in particular continues to intensify

U.S. stocks slipped on the first day of March as oil prices surged and investors continue to monitor the fighting between Russia and Ukraine. The Dow Jones Industrials retreated 80.76 points Tuesday to 33,811.84 The S&P 500 inched forward 0.27 points to 4,374.21 The NASDAQ Composite Index added 12.48 points to 13,763.88. The decline in stocks came as satellite cameras captured a convoy of Russian military vehicles apparently on its way to Kyiv, the Ukrainian capital. The continued aggression from Russia pushed energy prices higher. West Texas Intermediate crude futures jumped 5% on Tuesday morning, breaking above $101 per barrel and hitting its highest level in seven years. Financial stocks were some of the biggest loses on Tuesday, with Bank of America down 1.9%, Citigroup off 1.8% and Charles Schwab lower by 3%. Some of the early stock losses were offset by strong Target earnings, as the Big Box retailer posted profit of $3.19 a share that was well ahead of Wall Street estimates. Shares jumped nearly 12%.

With Omicron cases falling, Citi, American Express, Cisco Systems and others say they spot a window to bring workers back together

Zoom Video Communications (ZM) shares fell early on Tuesday after it posted fourth-quarter results and issued first-quarter guidance that was weaker-than-expected, prompting Citi to cut…

Morgan McKenney is assuming the role of CEO for Provenance Blockchain Foundation, after taking a sabbatical from Citi.

(Reuters) – U.S. stock index futures slid on Tuesday, with banks stocks declining further as the Russia-Ukraine crisis deepened, while a rise in oil prices supported shares of energy companies. Citigroup slipped 1.6% in premarket trading to lead losses among the big banks as the U.S. 10-year Treasury yield dropped to 1.7565, its lowest level … Read More

Citi’s sell-side research branded Zip Co’s Sezzle deal “an expensive customer acquisition strategy” while Macquarie termed it a “merger out of necessity”.

Is Citi''s Russia exposure a cause for concern?

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Wall Street tumbled in volatile trading on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it continued its invasion of Ukraine. Citigroup fell 5%, helping drag the S&P 500 banks index down 2.7% as the U.S. 10-year Treasury yield slipped.

These Are The Global Banks With The Largest Exposures To Russian Sanctions Following Zoltan Pozsar''s blueprint for how the US/UK/EU sanctions unveiled over the weekend could lead to problems in the "plumbing" of the global financial ecosystem, we have seen several cracks appear already. Dollar liquidity is drying up - and thus getting more costly - especially against the Euro… And while both US and European bank stocks were clubbed like a baby seal today, we note that US bounced back modestly while Europe''s financials couldn''t managed much (despite the overall indices rebounding from deep losses)... So, the question is - which banks are most exposed to the ongoing (and escalating) threat of sanctions on Russia? Specifically, among other more arcane details, the sanctions relate to: (1) freeze of assets, (2) capabilities of certain largest Russian banks to process transactions and (3) proposed ban of certain payment avenues (SWIFT). While the Russian banks have been in freefall recently (most especially the sanctioned ones)...

Citigroup became the latest bank to be probed by the U.S. Securities and Exchange Commission in an industry-wide enquiry over employees using communication channels not approved by the company, it disclosed in a regulatory filing on Monday.

Investors just got some concerning information about the bank''s Russia exposure.

Citigroup Inc. joined the list of banks being investigated over employee communications using unauthorized messaging services.

(Bloomberg) -- Citigroup Inc. said it had $9.8 billion in domestic and cross-border exposure to Russia as Western nations level sanctions against the country for its invasion of Ukraine.