Citigroup Stock News

Bankers vindicated as prosecutors conclude there is ‘no longer reasonable prospects of conviction’.

February 11, 2022 10:23 AM SYDNEY (REUTERS) - Australia withdrew a cartel lawsuit against Citigroup, Deutsche Bank and several former executives over a A$2.5 billion (S$2.4 billion) share issue, ending what was set to be the country''s biggest white-collar criminal trial.

Australian prosecutors drop cartel charges against Citi, Deutsche Bank

DEERFIELD, Ill.--(BUSINESS WIRE)--Baxter International Inc. (NYSE:BAX), a global medtech leader, will present at Citis 2022 Virtual Healthcare Conference on Wednesday, February 23, 2022. Jay Saccaro, Baxters chief financial officer, is scheduled to present at 1:15 p.m. Eastern Time. The live webcast of Baxters presentation can be accessed at www.baxter.com and will be available for replay through February 22, 2023. About Baxter Every day, millions of patients and caregivers rely on Baxters

ALAMEDA, Calif., Feb. 10, 2022 /PRNewswire/ -- Penumbra, Inc. (NYSE: PEN) today announced that its management team is scheduled to present at Citi''s 2022 Virtual Healthcare Conference on Thursday, February 24, 2022. Event: Citi''s 2022 Virtual Healthcare Conference Date: Thursday, February

Citi, financial and industry data provider S&P Global Market Intelligence and management consulting firm Oliver Wyman announced today that Citi has selected the S&P Global/Oliver Wymans Climate Credit Analytics solution to assess and report on the credit risk impact of the transition to a low carbon economy. According to Citi, a key focus of the [] The post Citi to Use S&P Global Oliver Wyman Solution for Climate Stress Testing, ESG Reporting appeared first on ESG Today .

Markets are abuzz after news emerged that Blackrock is making plans to offer clients crypto trading services, according to people familiar with the developments. According to sources, Blackrock would allow clients to trade crypto through its Aladdin Investment platform. Big Plans In The Crypto Space New York-based Blackrock manages over $10 trillion in assets for major institutions has big plans in the crypto space. Initially, Blackrock plans to enter the crypto space with client support trading and then with their own credit facility. The asset managers plans to enter the crypto and Bitcoin space is a significant boost to the worlds largest cryptocurrency, considering the huge profile and portfolio of the institution. People familiar with the matter stated that clients of Blackrock will be able to access loans from Blackrock by putting crypto assets as collateral. Blackrocks list of clients, which includes public pensions, corporate pensions, sovereign wealth funds, and endowments and foundations, will be able to trade Bitcoin through Blackrocks integrated investment management platform Aladdin (Asset, Liability, Debt and Derivative Investment Network).

LONDON--(BUSINESS WIRE)--New Citi GPS Report: Eliminating poverty, a $1.6 trillion opportunity to improve the lives of millions

Oshkosh Corporation (NYSE: OSK ), a leading innovator of mission-critical vehicles and essential equipment, will participate in a fireside chat at Citi''s 2022 Global Industrial Tech and Mobility Conference on Wednesday, February 23, 2022. The event is scheduled to start at 1:00 pm ET and will be webcast. To access the webcast, please visit Full story available on Benzinga.com

Alibaba Shares Soar As SoftBank Denies Speculation To Sell Massive Stake Alibaba Group Holding Ltd. soared in Hong Kong Wednesday after SoftBank Group Corp. denied reports it was involved in the Chinese e-commerce firm''s filing of additional American depositary shares (ADS), according to Bloomberg . On Feb. 4, Alibaba Group filed a 6F filing detailing the registration of 1 billion new ADSs. Citigroup Inc. analysts drummed up speculation that Masayoshi Son''s SoftBank was preparing to cut its Alibaba holdings. The filing was surprising to many Wall Street analysts, and speculation ran wild in the investment community, sending Alibaba shares in New York and Hong Kong spiraling lower. By Tuesday, SoftBank executives calmed fears and said they weren''t responsible for the share registration. "The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG ," SoftBank said in an emailed statement on Wednesday.

Bristol Myers Squibb said Wednesday it has entered a $5 billion accelerated share buyback program with Morgan Stanley, Barclays Bank, Citibank and JP Morgan. The deal is part of the drug company''s $15 billion share buyback program and it will have about $10.2 billion remaining in the authorization once the accelerated deal closes. Shares were up 0.7% premarket and have gained 10% in the last 12 months, while the S&P 500 has gained 15.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

NEW YORK, Feb. 9, 2022 /PRNewswire/ -- Citi, S&P Global Market Intelligence and Oliver Wyman today announced that Citi has selected the S&P Global/Oliver Wyman''s Climate Credit Analytics (''CCA'') Transition Risk model to support a variety of requirements for the bank in 2022. Following an…

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ: NVDA ) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia''s termination of the planned acquisition of SoftBank Group Corp''s (OTC: SFTBY ) (OTC: SFTBF ) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the deal would not win regulatory approval, Malik tells investors in a research note. Related Full story available on Benzinga.com

"Ditch The Misinformers" - Neil Young Attacks Spotify CEO, Big Banks In Latest Open Letter One day after Spotify CEO Daniel Ek penned a memo to Spotify employees explaining that "silencing Joe Rogan" isn''t the answer, musician Neil Young hit back with another open letter of his own, this one urging Spotify employees to quit over the platform''s spreading of "misinformation" - while also urging Americans to withdraw their money from the biggest US banks over their financing of fossil fuels. Furthermore in his statement, Young criticized Spotify CEO Daniel Ek, insisting that he was the problem. Speaking to Spotify employees, Young said: "I say Daniel Ek is your big problem - not Joe Rogan. Get out of that place before it eats up your soul. The only goals stated by Ek are numbers, not art, not creativity." He also encouraged musicians and other artists to take their content elsewhere, while asking consumers to find something better to support "with their monthly checks." "To the musicians and creators in this world, I say this: You must be able to find a better place than Spotify to be the home of your art." Young pulled his music from Spotify last month, inspiring a handful of other musicians and podcasters to do the same, and setting off a controversy over the "Joe Rogan Experience" podcast that has lurched from COVID misinformation to Rogan''s "language around race". "In our communication age, misinformation is the problem.

Citi is still bullish on Clorox (CLX) and recommended that investors take advantage of the recent decline to snap up more shares. Read more.