A trading mistake at Citigroup in 2022 has led to a $78 million fine against the bank. The "fat-finger" trade caused a brief flash crash in European stocks in May 2022. The brief flash crash caused by the mistaken trade briefly wiped out $322 billion in market value. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email ad ...

Looking ahead, the future of the U.S. economy appears promising as recent inflation data suggests some stabilization. In April, the CPI rose by 0.3%, slightly below expectations, but increased by 3.4% in 12 months, in line with forecasts. This moderation in inflation has sparked optimism in financial markets, with stock futures rising and treasury yields falling. If this trend continues, it could pave the way for the Federal Reserve to consider lowering interest rates. This could potentially bolster economi ...

Citigroup (NYSE:C) is a financial giant you can bank on, so to speak, but the company will face challenges in 2024. The Federal Reserve’s interest-rate policy will undoubtedly have a major impact on Citigroup’s top and bottom lines. Yet, there’s data to support a small, cautious position in Citigroup stock this year.It seems like yesterday that the financial sector was reeling as several regional banks failed or were absorbed by bigger banks. That crisis came and went more than a year ago, but investors may ...

Although these stocks are trading at discounts, they come with some risk.Are you look for deeply discounted stocks to buy? One way you can find deals is by looking at stocks which are trading below their book values. Depending on the industry and the risk a company is facing, investors may not be willing to pay even book value for a stock. And in some cases, that risk is overblown, and it could make for a great buying opportunity.Three stocks that are trading below their book values today are Kraft Heinz (K ...

These two bank stocks are very different. One offers compelling value, while the other is a growth superstar.Warren Buffett is a big fan of bank stocks. His holding company, Berkshire Hathaway, has several major investments that are directly exposed to the financial sector.Two of Buffett's positions are particularly attractive right now. One bank is a deep value play, while the other offers compelling long-term growth potential.This bank stock is trading at a deep discountBank stocks can see their valuation ...

Citi has reportedly announced in an internal memo the departure of two executives, including one who implemented the bank’s recently completed restructuring.Titi Cole, who was the head of legacy franchises and executed Citi’s plan to sell consumer banking businesses in nine non-core markets, has left to take a role at nonprofit, Reuters reported Tuesday (May 14), citing an internal memo it had seen.In addition, Mike Whitaker, head of the bank’s operations and technology team, is leaving the bank, according ...

Citigroup Inc. (C) introduced the Citi Strata Premier Card, an upgraded version of the current Citi Premier Card. The latest version of the card offers additional travel rewards and enhanced travel protections.The cardholders will be entitled to earn 10 ThankYou points for every $1 spent on hotels, car rentals and attractions booked through the Citi Travel site. Similarly, customers can earn three ThankYou Points for every $1 spent at EV charging stations.With this, the upgraded version now offers opportuni ...

Some of the companies are competitors, but Warren Buffett still owns and loves them all.Through his holding company, Berkshire Hathaway, Warren Buffett has generated multi-decade average annual returns of roughly 20%. It pays to pay attention to what he is buying.There are four Buffett stocks in particular that investors should dive deeper into right now.These 2 Buffett stocks are growth superstarsFew stocks have outperformed Visa (V 0.79%) or Mastercard (MA 0.33%) since they went public. Over the past deca ...

These bank stocks offer an intriguing entry point for value-focused investors.Last year, bank stocks were dragged down by some of the largest bank failures since the Great Recession. However, bank stocks have performed better over the past six months as the Federal Reserve pumped the brakes on its interest rate hiking campaign.Despite the run-up, there are still appealing long-term investment opportunities in bank stocks that have ridden out challenges in the past few years. Here are three banks that can ma ...

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans.Fraser, who leads one of the largest U.S. credit-card issuers, said she is seeing a "K-shaped consumer." That means the affluent continue to spend, while lower-income Americans have become more cautious with their consumption."A lot of the growth in spending has been in the last few quarters with the affluent customer," Fraser told CNBC's Sara Eisen in an intervi ...