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 | 118天前

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 | 447天前

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 | 1133天前

U.S. Manufacturing Index Inches Higher In September But Still Indicates Contraction

A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. manufacturing activity crept slightly higher in September but continued to indicate contraction. The ISM said its manufacturing PMI edged up to 49.1 in September from 48.7 in August, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 49.0.

RTTNews | 15分钟前

Elon Musk's XAI Is Working On Wikipedia Rival Grokipedia

Billionaire Elon Musk announced that his artificial intelligence startup X.AI Corp., doing business as xAI, is creating Grokipedia, an AI-driven alternative to Wikipedia, powered by the company's Grok AI chatbot.

RTTNews | 45分钟前

U.S. Private Sector Unexpectedly Cuts 32,000 Jobs In September

Private sector employment in the U.S. unexpectedly decreased in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment fell by 32,000 jobs in September after dipping by a revised 3,000 jobs in August. Economists had expected private sector employment to climb by 50,000 jobs.

RTTNews | 1小时19分钟前

Bay Street May Open With Slightly Negative Bias

Canadian shares may open with a negative bias on Wednesday as the crucial U.S. jobs data due this week is likely to be delayed due to a partial U.S. government shutdown. Higher metal prices could trigger some strong buying in the materials sector and help limit market's downside.

RTTNews | 2小时3分钟前

Eurozone Inflation Accelerates In September

Eurozone inflation accelerated in September as the decline in energy prices slowed amid rising services inflation, reinforcing the expectations that interest rates are set to remain unchanged in the near term. Inflation rose to 2.2 percent in September, in line with forecast, from 2.0 percent in August, flash estimate from Eurostat showed on Wednesday. A similar higher rate was last seen in April

RTTNews | 2小时16分钟前

EURUSD	1.17497	GBPUSD	1.35172	AUDUSD	0.66119
USDJPY	146.828	USDCAD	1.39371	USDCHF	0.79701