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Citigroup said it net income tumbled 36% to $2.92 billion, or $1.33 per share, in the three months to June 30

Citigroup's Q2 profit drops 36% on trading slump

Citigroup has today beaten analysts' estimates for second-quarter profit as higher interest payments from borrowers partly countered a blow to its Wall Street businesses from …

Business • 14 Jul

Deutsche Bank and Citigroup have admitted anti-competitive activity between 2009 and 2013

Bank traders may have broken competition law - CMA

Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on UK government bonds between 2009 and 2013, Britain's anti-trust watchdog said, as it …

Business • 24 May

Citi said its investment banking revenue sank 25% from $774m a year ago

Citigroup profit climbs on higher interest income

Citigroup has today reported a rise in first-quarter profit as it earned more from borrowers paying interest on loans.

Business • 14 Apr

Shares of Citi slipped nearly 3% in premarket trading

Citigroup profit falls in Q4 on provision hike

Citigroup reported a fall in fourth-quarter profit, as the bank hiked provisions to prepare for a worsening economy and investment banking revenue declined due to …

Business • 13 Jan

Four American banking giants - JPMorgan Chase & Co, Bank of America, Citigroup Inc and Wells Fargo & Co - will report earnings on Friday.

US banks get ready for shrinking profits and recession

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that …

Business • 10 Jan

Citi's investment bank struggled with a slump in global dealmaking in the third quarter of 2022

Citigroup profit falls on higher loan-loss reserves

Citigroup has today reported a 25% drop in third-quarter profit as the most global of US banks set aside funds to cover soured loans from …

Business • 14 Oct 22

Citigroup is the US bank with the largest presence in Russia

Citigroup to close its Russian consumer business

Wall Street giant Citigroup said it will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170m …

Business • 25 Aug 22

Citigroup fined £12.5m by UK financial watchdog

Citigroup's international broking business has been fined £12.5m by the UK financial watchdog over past failures to properly apply rules designed to halt suspicious trading …

Business • 19 Aug 22

Citi, the third-largest US bank, said its trading desk cashed in on increased market volatility

Citigroup profit beats expectations on trading boom

Citigroup has today posted a smaller than expected 27% drop in quarterly profit as the third-largest US bank's trading desk cashed in on increased market …

Business • 15 Jul 22

Citi's decision to sell its Russian consumer business was announced last year

Citi in talks over sale of Russian operations - report

Citigroup is in talks with local buyers in Russia over a potential sale of its operations in the country, the Financial Times reported today, citing …

Business • 01 Jul 22

Citi said today that it had reduced its exposure to Russia to $7.8 billion, from $9.8 billion in December

Citigroup profit sinks 46% on loan loss provisions

Citigroup has today posted a 46% plunge in first-quarter profit as it took hits from provisions for Russia-related losses, a slump in underwriting fees and …

Business • 14 Apr 22

Dublin is the headquarters for Citibank Europe, which has more than 2,500 employees in Ireland

Citigroup seeking new Irish headquarters

Citigroup is putting its waterfront Dublin office on the market, as the lender looks for a new location in the city, Bloomberg reports.

Business • 23 Mar 22

Citi estimates the euro zone's 2022 GDP growth to average at 2.2%, down from its earlier estimate of 3.3%

Citigroup cuts 2022 euro zone growth forecast

Citigroup has cut its growth forecast for the euro zone today, saying the bloc's plan to wean itself off Russian energy imports could be a …

Business • 11 Mar 22

Australian federal prosecutors said they had pulled the case after reviewing the evidence and concluding 'there were no longer reasonable prospects of conviction'

Australia drops cartel case against Citi, Deutsche Bank

Australia today withdrew a cartel lawsuit against Citigroup, Deutsche Bank and four former executives over a $1.8 billion share issue.

Business • 11 Feb 22

The bank's profit fell to $3.2 billion, or $1.46 per share, for the quarter ended 31 December

Citigroup profit drops 26%, but exceeds expectations

Citigroup has posted a 26% drop in fourth-quarter profit, but exceeded market expectations as strong gains in its investment banking business cushioned the blow from …

Business • 14 Jan 22

Citi said that cards purchase sales rose 20% as consumer spending picked up during the quarter

Citigroup posts 48% jump in profit on reserve release

Citigroup has reported a 48% jump in third-quarter profit that comfortably beat market estimates, as the bank released loan loss reserves and reaped a windfall …

Business • 14 Oct 21

The US economic recovery has allowed Citigroup to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending

Citigroup profit beats estimates on reserve release

Citigroup has today comfortably beaten market estimates for second-quarter profit as the economic recovery allowed the bank to release loan loss reserves and offset a …

Business • 14 Jul 21

The sale of the Bank of Ireland stake will occur through a pre-arranged trading plan that will be managed by Citigroup Global Markets

Govt to begin phased exit from Bank of Ireland holding

Minister for Finance Paschal Donohoe has announced that the Government will sell part of the State's 13.9% shareholding in Bank of Ireland over the next …

Business • 23 Jun 21

Citigroup said its net income tripled to $7.94 billion, or $3.62 per share, from $2.54 billion, or $1.06 per share, a year ago

Citigroup profit triples on $3.85bn reserve release

Citigroup has today trounced analysts' first-quarter profit estimates as its outlook for an economic recovery driven by vaccinations and government stimulus allowed it to release …

Business • 15 Apr 21

The new uni will be called the Natural Resources and Clean Energy Transition Group

Citigroup announces new investment banking unit

Citigroup has said it will consolidate three of its investment banking groups into one in a push for environmental sustainability, an area that has become …

Business • 29 Mar 21

Any internal meetings on Fridays would happen as audio-only calls, according to the memo

Citi unveils 'Zoom-free Fridays' to beat WFH stress

In a move to combat fatigue triggered by remote working during the Covid-19 pandemic, New York-based bank Citigroup has declared "Zoom-Free Fridays" and encouraged employees …

Business • 23 Mar 21

Citi named Jane Fraser as chief executive, the first woman CEO for a Wall Street bank

Citigroup reports 7% decline in Q4 profits

Citigroup reported a 7% decline in fourth-quarter profit but beat Wall Street expectations, as an improving economic outlook allowed it to release cash it had …

Business • 15 Jan 21

Citigroup's CEO Corbat faces tense questions

Citigroup's outgoing chief executive came under fire yesterday for mistakes that have led to regulatory penalties during a conference call to discuss quarterly results, with …

Business • 14 Oct 20

Jane Fraser is the first woman to lead a major Wall Street bank

Citigroup names first woman to head a Wall Street bank

Citigroup has today named consumer banking head Jane Fraser to succeed Michael Corbat next year as the bank's chief executive officer, making her the first …

Business • 10 Sep 20

Citi has offered forbearance on 2 million credit card accounts representing 6% of balances

Citigroup's second quarter profit tumbles 73%

Citigroup has reported a near 73% plunge in quarterly profit today as the bank set aside $5.6 billion to brace itself for a potential surge …

Business • 14 Jul 20

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