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Citigroup reported a net loss of $1.8 billion for the fourth quarter, attributing that in part to several “notable items.” The items include a special assessment from the Federal Deposit Insurance Corp.
Citi Research listed five of the biggest market and investment themes anticipated for 2024: delayed easing cycles, inflation risks, diverging growth from central banks, broadening of earnings and markets, and the risk of recession. Citi Global Head of Macro and Emerging Market Strategy Dirk Willer sits down with Yahoo Finance Live to discuss the weight of inflation and a potential recession bearing down on the Federal Reserve "The market fully bought into the soft landing, and indeed right now a lot of indications point to a soft landing," Willer says.
Mark Mason, Citi CFO, joins 'Closing Bell' to discuss the company's earnings and outlook and firm restructuring.
Citigroup (NYSE: C ) layoffs are the talk of Wall Street today after the investment bank announced that it will cut 20,000 roles, or 10% of its workforce, in a bid to save as much as $2.5 billion amid slowed revenue. So, what do you need to know about C job cuts lately?
An increase in loan and deposit balances support Citigroup's (C) Q4 earnings. However, a decline in revenues and deteriorating credit quality are near-term headwinds.
Citigroup plans to slash 20,000 jobs over the next two years after the struggling bank reported its worst fourth-quarter earnings in 15 years Friday.
While the top- and bottom-line numbers for Citigroup (C) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
JPMorgan Chase posts record annual profit as earnings season gets under way
The cuts will amount to about 10% of the bank's workforce, excluding the Mexico business.
Citigroup Inc (NYSE: C) just announced plans of lowering its global headcount by 10%. Its shares are paring back intraday gains at writing.