Citigroup is investigating workplace harassment allegations made by at least one employee against a senior US banker who works on initial public offerings, four people with direct knowledge of the matter said.Edward Ruff, a managing director in Citi’s equity capital markets group in New York, has been on leave since January, according to the people, who requested anonymity to speak freely.The bank is probing at least two instances of alleged abusive behavior by Ruff against several subordinates on the indus ...

Citigroup (C) closed the most recent trading day at $57.45, moving +0.07% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.12%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.54%.The U.S. bank's shares have seen an increase of 6.47% over the last month, surpassing the Finance sector's gain of 4.07% and the S&P 500's gain of 2.06%.The investment community will be paying close attention to the earnings performance of Citigroup in its ...

HSBC Holdings PLC (HSBC) intends to hire roughly 50 bankers for its U.S. commercial bank to cater to the lending requirements of startup companies, particularly those operating in the technology and healthcare sectors. This was disclosed by Wyatt Crowell, head of U.S. commercial banking at HSBC, in an interview with Reuters.Since startup companies generally find it difficult to finance their operations from major lenders until they become established, HSBC expects to bridge the gap through an expansion in i ...

6 Blue Chip Dividend Stocks to Buy in March jittawit21 / Shutterstock.com Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total return expectations. A recent study from the Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the past half-centu ...

It seems almost unfathomable that there was time — and not that long ago — that Citigroup was the model financial services firm. It might be yet again — but only if its CEO Jane Fraser can pull off the restructuring of the century. Full disclosure: I’m not a believer in the Citi comeback story, though there are people I respect on Wall Street (Wells Fargo analyst Mike Mayo among them) who give it a decent shot. My skepticism is grounded in the fact that I have covered the place for decades and — like the b ...

At a recent industry conference, Citigroup Inc’s (C) CEO Jane Fraser indicated improvement in the investment banking (“IB”) business and provided an update on its reorganizational efforts.She noted an improvement in corporate client sentiments, merger activity and debt-underwriting business. As for advisory fees, the bank will have to wait for deal completions.With this, management expects IB fees to sequentially improve in the low-teens range in first-quarter 2024.However, market revenues are expected to r ...

Citigroup Inc.’s (C) head of global wealth, Andy Sieg, has announced that the company plans to expand its wealth management business in the Greater Bay Area and the rest of Asia from its base in Hong Kong. The move is part of Citi’s plan to tap into the growing wealth in Asia, particularly leveraging Hong Kong’s financial hub status.Despite Citi’s plan to sell its mainland China wealth business to HSBC Holdings plc, it remains committed to Hong Kong and China.Though Citi will exit its consumer wealth busine ...

智通财经APP获悉，中生制药(01177)现跌超5%，截至发稿，跌5.4%，报2.98港元，成交额8732.6万港元。 消息面上，花旗发表报告指出，维持对中生制药的收入预测不变，但由于少数股东权益百分比被抵估，因此下调对其每股盈利预测，目标价由9港元下调至7.4港元，维持“买入”评级。 汇丰此前指出，公司大部分负面因素已反映在股价之上，考虑到该公司疫苗库存水平较低，估计减值影响有限，并对其增长前景保持乐观。该行认为中生制药增长前景稳固，现价水平为2024年经调整预测市盈率为15倍，较同业平均19倍低，估值有吸引力，维持“买入”评级，因应最新估值，将目标价从5港元降至4.6港元。 ...

In the latest trading session, Citigroup (C) closed at $56.14, marking a +0.97% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.12%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.41%.Shares of the U.S. bank witnessed a gain of 0.11% over the previous month, trailing the performance of the Finance sector with its gain of 3.94% and the S&P 500's gain of 4.83%.Analysts and investors alike will be keeping a ...

Citigroup Inc. (C) will lay off 286 New York City-based employees, according to three notices that the company filed with the State Labor Department.The workforce reduction is set to take effect before May 3. It will comprise 239 employees in the primary banking unit, 44 in the global markets broker-dealer units and three in a technology unit, according to the Worker Adjustment and Retraining Notifications.This is in line with the company’s plans to shed 20,000 positions by 2026, as it continues its largest ...