C Stock Recent News
C LATEST HEADLINES
The Federal Reserve reportedly voted Wednesday (June 25) to advance a proposal that would ease the “enhanced supplementary leverage ratio” that determines the amount of capital banks must hold against relatively low-risk assets. [contact-form-7] The Fed board voted 5-2 to advance the proposal, Reuters reported Wednesday.
The biggest U.S. lenders are expected to clear the Federal Reserve's annual health check this year, showing they have ample capital that can be used to boost dividends, analysts said.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
C eyes leaner operations with 20,000 job cuts and $2-2.5B in cost savings targeted by 2026.
AI could replace as many as hundreds of thousands of jobs. Goldman Sachs put that figure even higher. In a recent report, it said AI would “displace” as many as 300 million jobs worldwide. AI-driven positions might replace some, but not enough to fill the employment crater that would otherwise exist. Several companies have already started layoffs. And, most are in the tech industry. Financial services are close behind. IBM (NYSE: IBM) was one of the first companies to say AI would be much more efficient than people. It said 8,000 people would be fired. The first wave of these will be in HR and other support functions that can be “automated.” There was a twist. IBM said it would add workers in other parts of the company that involved what it designated as “skilled workers.” Goldman Sachs (NYSE: GS) has not only made forecasts of job cuts. It will likely be one of the companies that will lay off employees as AI advances. A Bloomberg Intelligence analysis of 93 banks said job
Citigroup (C 0.06%) is a name that most people know, given that the company's bank branches are scattered liberally across the United States. It also has a storied history, but that tale hasn't always been positive.
Citigroup hired Drago Rajkovic as its co-head of mergers and acquisitions from rival JPMorgan Chase , according to a memo seen by Reuters on Friday.
When it comes to earning points for travel, there is no question that travel credit cards are enjoying a moment in the spotlight. While cash-back cards might still be the more popular option, it goes without saying that the prospect of a free flight or hotel room is appealing to millions of cardholders. Key Points There is no shortage of travel credit cards out in the market today. Customers must not only choose which company to use, but also which perks are most important to them. Capital One and Chase unsurprisingly dominate this list. Did you know some credit cards can actually help you get OUT of debt faster? The secret: using a card with a ‘0% Intro APR‘ period (not all do, but these ones are top picks from the editors at FinanceBuzz). The math is straight forward, and can save you hundreds, thousands, even tens of thousands of dollars if used correctly. Find the right card for you by clicking here. As a result of this popularity, there are dozens, if not well over one hundred
Citigroup (C) closed at $78.35 in the latest trading session, marking a +1.28% move from the prior day.
Chris Marinac, Janney Montgomery Scott, joins 'Fast Money' to talk what could be ahead for the Federal Reserve in terms of policy and who benefits in the market.