NEW YORK (CNNMoney) - Short-term pain. Long-term gain. Big banks are taking huge hits to their profits because of the corporate tax cut. Citigroup posted a whopping $18.3 billion quarterly loss on Tuesday, after it took a one-time charge …
Deposits climbed 3 percent to $964 billion, and end-of-period loans ticked higher by 2 percent to $653 billion. Citigroup’s stock initially traded higher by 0.4 percent. Investors generally see a positive environment for big banks headed into 2018.
Citigroup (NYSE: C) has done a lot over the past decade to streamline its operations and reduce risk, but it's still one of the riskiest banks you can invest in. One place this shows up is in Citigroup's source of funds. To understand this, it's …
* CITIGROUP INC - CO’S TIER 1 CAPITAL AND TIER 1 CAPITAL RATIO WILL BE SUBSTANTIALLY UNAFFECTED BY PLANNED REDEMPTION * CITIGROUP INC - CO’S TIER 1 CAPITAL, TIER 1 CAPITAL RATIO EXPECTED TO …
NEW YORK : Citigroup Inc will pay at least US$11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks, causing many customers to own shares they never would have bought, a …