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[NEW YORK] Racial inequality has cost the US economy US$16 trillion in wealth over the last two decades, Citigroup said in a report on Thursday. Read more at The Business Times.
A Wall Street bank just put a price tag on racism in America, and it’s a steep one. New York-based megabank Citigroup found that the US economy has lost out on $16 trillion in growth over the last �
Citi has put a figure to the economic cost of racial inequality.
Citi is planning to take action to close the racial wealth gap through a program called Action for Racial Equity, which will help students, entrepreneurs and more.
Citi announced that it will invest more than $1 billion in four key areas that will help to close the racial wealth gap in America and create economic wealth for communities of color.
CEO Charles Scharf has apologized for ‘my own unconscious bias’

Gold may hit record before year-end

08:46am, Wednesday, 23'rd Sep 2020
On US election risk, Citi warns.
Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the i
Results showed nearly half of respondents from major family offices expect under 5% total returns on their assets in the next year. NEW YORK--(BUSINESS WIRE)--Citi Private Bank today released results
If value investing comes back in vogue, so could one of the classic value strategies—buying stocks with low price/earnings multiples.
These companies, with a market value of $10 billion or more, have some of the lowest P/E ratios.
Jane Fraser, who is poised to become the first woman to lead a major U.S. bank, possesses turnaround experience and strong interpersonal skills that make her well suited for mending fences with regula
Citi Private Bank today released results from a survey led by the Private Capital Group, providing a rare insight into the thinking of some of the wor

CrowdStrike: Beyond Endpoints (NASDAQ:CRWD)

11:39pm, Monday, 21'st Sep 2020
CrowdStrike is positioning itself beyond the endpoint security space. Focusing on workloads will drive more growth opportunities.
Evercore ISI analyst Amit Daryanani repeated his Outperform rating on Apple shares, lifting his target for the stock price. Citi analyst Jim Suva wrote a...
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