Citigroup Stock News

Here''s How Much Bitcoin Russia Has Bought In The Past Week In the words of the Washington Post, the battle between Russia and Ukraine is "the world''s first crypto war" as both sides discover the advantages of a borderless, permissionless currency. Whether it is for enabling donations to Ukrainians (for arms or humanitarian needs) or for Russians evading Putin''s FX transfer bans or escaping western sanctions, both sides appear to see the benefits. Crypto interest in Russia on the rise ; and Google searches do show an uptick in interest in Binance, the world’s largest cryptocurrency exchange, from Russia and, to a lesser extent, from Ukraine. At this stage 11% of Russians already own crypto; so there is some familiarly with it. The recent decoupling of bitcoin from tech stocks shows the regime change in demand from some external factor… And this could get significantly higher as the potential for capital flight from Russia is large. In a recent note. Citi details that, net capital outflows from Russia during the 2014 crisis were 151bn (a surge of 90bn from the previous year).

Given its strong fundamentals, Citi's (C) disclosure of its approximate $10-billion exposure to Russia is not likely to affect its financials.

At her first investor day as CEO, Citigroup’s Jane Fraser laid out her vision for the bank and set a new profitability target.

U.S. stock indexes end sharply higher Wednesday as Fed Chairman Jerome Powell testified in front of a House committee, declaring his preference for rate hikes.

Citigroup Inc could face billions of dollars of losses at its Russian business under the worst case scenario, although it expects its actual losses to be less than that, Chief Financial Officer Mark Mason said on Wednesday.

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC ) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi''s 2022 Global Property CEO Conference. The presentation will be held on March 8, 2022 at 2:45 p.m. Eastern Time at The Diplomat Resort & Spa in Hollywood, Florida. A live audio webcast of the presentation and materials encompassing the information provided during the presentation and conference will be available in the ‘News & Events – IR Calendar'' section of COPT''s Investors website: https://investors.copt.com/news-events/ir-calendar The replay of the presentation will be available until 11:59 p.m. Eastern Time on March 29, 2022. About COPT COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support … Full story available on Benzinga.com

Zoltan Pozsar Warns Russian Sanctions Threaten Dollar''s Reserve Status Over the weekend, the world gasped in shock when Western powers announced that the nuclear option would be used against Russia in retaliation for its invasion of Ukraine - sanctions against the country''s central bank and targeted expulsions of key banks from SWIFT, a move which has effectively locked Russia out of the western financial system and left its vast oil export industry - a key lifeline for the Putin regime - in limbo. But the real reason for the shock is that this was the first time the global reserve currency was weaponized against a G20 economy, setting a clear precedent for how the west would and could respond to any other nation that followed in Russia''s footsteps (something which China is clearly contemplating vis-a-vis Taiwan, and is carefully studying just how the west responds to Moscow), As a result, and following this week''s dramatic freeze of the Russian central bank overseas assets, has prompted some to question just why countries build foreign currency reserves at all and, more broadly, whether the unprecedented western response to Russia hasn''t jeopardized the dollar''s reserve status.

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

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 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.