Citigroup Slips To Loss In Q4, But Adj. EPS Tops Estimates

Citi To Cut Around 3,500 Tech Jobs In China Under Global Restructuring

Banking major Citigroup Inc. announced plans to reduce around 3,500 technology in China as part of its ongoing broader initiative to streamline global tech operations, reports said. With the planned resturcturing, the lender aims to strengthen risk and data management frameworks. The planned results will be at its two major China-based technology centers in Shanghai and Dalian.

RTTNews | vor 63 Tagen

Citigroup Fined $136 Mln Over Internal Control Issues

Government regulators have issued around $135.6 million fine in separate but related actions against Citigroup Inc. for failing to resolve longstanding internal control and risk issues. The Federal Reserve Board has fined the banking major $60.6 million for violating the Board's 2020 enforcement action. In a related activity, the Office of the Comptroller of the Currency or OCC amended its 2020...

RTTNews | vor 392 Tagen

Citigroup Sees $170 Mln In Costs Over Next 18 Months On Russia Exit

Citigroup Inc. (C) announced Thursday that it has decided to wind down its consumer banking and local commercial banking operations in Russia.

RTTNews | vor 1078 Tagen

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.

RTTNews | vor 2Std 50 Minuten

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.

RTTNews | vor 3Std 22 Minuten

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.

RTTNews | vor 3Std 32 Minuten

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.

RTTNews | vor 4Std 29 Minuten

Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street

Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.

RTTNews | vor 5Std 11 Minuten

EURUSD	1.16333	GBPUSD	1.34202	AUDUSD	0.65016
USDJPY	147.421	USDCAD	1.37536	USDCHF	0.80776

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Citigroup Slips To Loss In Q4, But Adj. EPS Tops Estimates