America’s biggest lenders expect fourth-quarter profit of $28 billion, down 15% from a year earlier.
Tag: C
Wall Street’s Bankers Brace for Big Pay Cuts, but Bosses Don’t Want Whining
Big Wall Street banks are sharply cutting bonus pools—including cuts of up to 40% goldman sachs…
WSJ News Exclusive | Regulators Want Citigroup to Move Faster to Fix Problems With Its Risk Systems
Regulators are frustrated with the progress Citigroup has made in the two years since they reprimanded…
Citi Wins Appeal on Errant $500 Million Revlon Loan Payment
Hedge funds shouldn’t be able to keep roughly $500 million they were mistakenly paid by Citigroup…
Citigroup Joins Industry Effort to Lend to People Without Credit Scores
Citigroup is joining a government-sponsored effort to expand access to credit in underserved communities. The bank…
WSJ News Exclusive | Citigroup Will Wind Down Russian Consumer Operations
Citigroup will wind down its Russian consumer bank after attempts to sell the unit were stymied…
Bank Stocks Make a Comeback
Listen to article (2 minutes) Bank stocks have had a rough year. Lately they’re showing signs…
Banks Spend Big to Boost Credit-Card Sign-Ups, Defying Recession Fears
Inflation is at a four-decade high, and a recession could be near. Credit-card issuers aren’t worried:…
Madcap Markets Pushes Goldman Sachs to Higher Trading Revenues, But Profits Fall
Goldman Sachs Group It said on Monday that second-quarter earnings were down 47%, kicking off earnings…