Bond trading rose 1 percent in sharp contrast to Goldman Sachs and JPMorgan, both of which reported double-digit declines.
North American branded cards revenue jumped 5 percent during the quarter, including the impact of a one-time gain the year before. In , Citigroup ranked third in the United States for outstanding credit-card loans, with an Total loans at the third-largest U.
Leading into the reporting season some analysts feared that net interest margin would peak since the Federal Reserve signaled it would not raise interest rates this year. Apple Card launches in the summer of Michael is an editor for 9to5Mac, 9to5Google, and Electrek. May Michael Potuck's favorite gear.
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Awesome AirPods and EarPods covers that create a snug fit! The New-York based bank will also lay off hundreds of equity and fixed-income traders globally in response to weak revenue trends, according to a Bloomberg report that cited sources July Citigroup is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.
Keegan will also become head of markets and securities services for North America in addition According to the regulator, the New York- based bank did not conduct "timely or adequate" background checks for roughly 10, Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services.
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There were six announced deals in the first six months of Citigroup advised on the Naspers deal to top South Africa's M&A league table. July 30, Citigroup plans to axe hundreds of jobs in global markets division. Save 17, Citigroup adds to property-buying spree with Belfast deal.
European blockchain company Bitfury launches artificial intelligence unit. Goldman Sachs, bank of the rich and powerful, is dipping into subprime lending with Apple Card. Your first trade for Thursday, August 8.
A 'phenomenal' opportunity is materializing in bank stocks, Wells Fargo's Mike Mayo says.