Citigroup Stock News

With the addition of Caroline Pham’s and Summer Mersinger’s names sent to the Senate for confirmation, the U.S. President has the opportunity to completely reshape the CFTC leadership. The White House has officially submitted President Joe Biden’s nominations to fill two seats at the Commodity Futures Trading Commission with the upcoming departure of another commissioner. In a Friday announcement, the White House said it had sent Citi managing director Caroline Pham’s and Summer Mersinger’s names to the Senate for confirmation. Mersinger previously served as chief of staff to commissioner Dawn Stump — who is expected to leave the agency this year — as well as the director of the Office of Legislative and Intergovernmental Affairs. She and Pham will be taking the places of recently departed commissioner Dan Berkovitz, whose term expires in April 2023, and that of Stump, with a term ending in April 2027, respectively. The CFTC nominations came the same week the White House officially announced it had sent the nominations of Jerome Powell and Lael Brainard to the Senate to await confirmation before serving as the next chair and vice-chair of the Federal Reserve, respectively.

Citigroup has informed employees they will be fired if they do not comply with a companywide vaccine requirement by Jan. 14, establishing the most stringent vaccination policy to date for a major bank. The bank reminded workers in a memo Friday they must submit proof of vaccination by the end of next week, reiterating a…

The bank is said to have given all its U.S. staff until Jan. 14 to submit proof of inoculations, and workers who do not comply will be placed on leave and fired on Jan. 31.

Citigroup has had the most aggressive vaccine policy among Wall Street firms.

JPMorgan Chase analyst Vivek Juneja on Thursday lifted price targets on Wells Fargo & Co. and Bank of America after bullish Fed data on loans. "Banks should start 2022 on a good note because of a sharp surge in commercial and industrial (C&I) loan growth in late 4Q," Juneja said in a note to clients. Analysts raised Wells Fargo''s target price to $57 a share from $53.50 and lifted Bank of America''s target price to $52.50 a share from $50 a share. Industrywide, C&I loans grew 6.3% quarter-over-quarter through Dec. 22, and total C&I-related loans also grew by 5.5% quarter-over-quarter, close to the highest quarterly growth in the same period, according to Fed data. Analysts cut Citigroup''s stock price target to $76 from $80.50. 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.

Taibbi: Meet Jed Rakoff, The Judge Who Exposed The "Rigged Game" Authored by Matt Taibbi via TK News , On November 27, 2011, a federal judge named Jed Rakoff threw out a $285 million regulatory settlement between Citigroup and the Securities and Exchange Commission, blasting it as neither fair, nor reasonable, nor adequate, nor in the public interest. The S.E.C. and Citigroup were stunned. Expecting to see their malodorous deal wrapped up, the parties were instead directed to be ready to try this case the following summer. Jed Rakoff Try a case? Was the judge kidding? A pattern had long ago been established in which mega-companies like Citigroup that were implicated in serious offenses would be let off with slaps on the wrist, by soft-touch regulators who expected judges to play ball. These officials in many cases were private sector hotshots doing temporary tours as regulators, denizens of the revolving door biding time before parachuting back into lucrative corporate defense jobs.

WOODLAND PARK, N.J., Jan. 5, 2022 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced that Rob Schwartz, President & CEO will present at Citi''s AppsEconomy Conference being held on Friday, January 7, 2022, at 1:00 pm EST. Concurrently, Anterix will be

Someone with a lot of money to spend has taken a bearish stance on Citigroup (NYSE: C ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with C, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 17 uncommon options trades for Citigroup. This isn''t normal. The overall sentiment of these big-money traders is split between 29% bullish and 70%, bearish. Out of all of the special options we uncovered, 2 are puts, for a total amount of $659,000, and 15 are calls, for a total amount of Full story available on Benzinga.com

Strategists at Citi couldn''t even wait a week before lifting their S&P 500 price target for 2022.

Trajector Inc. filed Tuesday to withdraw its previous filing for an initial public offering, "effective immediately." The Florida-based benefits management software company had filed to go public on Oct. 18, but had not yet determined the number of shares to offer, the expected price of the IPO, the number of shares expected to be outstanding after the IPO or the ticker symbol. Deutsche Bank, Citigroup, Credit Suisse and Stifel were the lead underwriters. The company did not provide a reason for the withdrawal, but did request to the Securities and Exchange Commission that all fees paid in connection with the IPO filing be credited to the company''s account for future use. The company''s withdrawal comes during a time of investor disdain for IPO shares, as the Renaissance IPO ETF has tumbled 12.0% during the past three months while the S&P 500 has rallied 11.5%. 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.

Former Citigroup executive Michael Klein and his blank check firm''s former directors must face a shareholder lawsuit challenging its $11 billion merger with health care-focused data analytics company MultiPlan, a Delaware judge said.

T u rin, 4 th January 2022 . In connection with the demerger of the Iveco Group business from CNH Industrial and the related financing needs of Iveco Group going forward, today Iveco Group (MI: IVG) (the Company) has successfully signed a euro 1.9 billion syndicated facility with Banco Bilbao Vizcaya Argentaria, Barclays, BNP Paribas, BofA Securities, Citi, Deutsche Bank, Intesa Sanpaolo, Mediobanca Banca di Credito Finanziario, Mizuho Bank, Santander CIB, Société Générale and Unicredit as Bookrunners and Mandated Lead Arrangers. The syndicated facility includes a euro 1.4 billion committed revolving credit facility with a 5-year tenor with two extension options of 1-year each and a euro 0.5 billion committed term facility with a 12-months tenor extendable for up to an additional 12 months at the Companys sole option.