On Friday, July 12, Citigroup released data on its earnings for the second quarter of the current year, which testified that the profit of this financial institution has a growth rate exceeding Wall Street’s preliminary expectations for the dynamic of the corresponding indicator.
Strategists at Citigroup Inc. say the tendency of soaring share prices of companies operating in the artificial intelligence industry space may not be showing much signs of flagging at present, but the time has come for profit-taking in major markets.
In the United Kingdom, local regulators imposed a fine of 62 million pounds ($79 million) on bank Citi, which head office is located in New York.
Michael Naggar, Citi’s director of digital technologies in the area of personal banking services in the United States, during a conversation with media representatives, shared his opinion on what it means to implement the digitalization process in the banking sector.
Citigroup reported earnings for the first quarter of 2024.
Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth, says that the global economic system does not need a collapse situation for the inflation rate to return to the target level.
Citi and LuminArx presented a financial instrument designed for use in the private lending market.
On Friday, January 12, Citigroup reported a loss of $1.8 billion for the fourth quarter of last year.
Citi has led a round of strategic investments in Supra, a fintech company based in Colombia.
Citigroup has started operations as part of the next stage of its organizational change plan.
Citi has developed an app in which blockchain is used to make execute foreign exchange (FX) trades.
In the United States, the federal regulator accused Citibank that this financial institution had been implementing an illegal corporate policy of discrimination against Americans of Armenian origin for several years, singling them out in applications for credit cards based on surnames.
Citigroup intends to provide more than 40,000 of its programmers with access to generative artificial intelligence amid Wall Street’s growing interest in advanced technology that is projected to surpass human mental abilities in the foreseeable future.
Citi announces the launch of a new travel and expense management system for its corporate clients who reside in the United States.
Citigroup Chairman John C. Dugan joined American banking executives who negatively assessed the plan of the United States authorities to introduce new capital requirements.
Citi announced that Visa Costco Anywhere cardholders now have access to the Citi Flex Pay Buy Now, Pay Later (BNPL) option.
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