Tag:

Citigroup

Kering shares fall after Gucci sales drop 8%

Kering shares fell more than 4% in premarket trading after weaker-than-expected sales from its flagship brand Gucci, which reported an 8% decline in first-quarter revenue.

15 Apr 2026-10:30
Citi profit jumps 42% as trading boom lifts earnings

Citigroup reported a 42% jump in first-quarter profit, driven by heightened market volatility that boosted trading activity and strong performance in investment banking.

14 Apr 2026-16:32
Bessent, Powell warns banks over Anthropic AI risks

Top U.S. financial officials have privately warned major banks about potential cybersecurity threats linked to a powerful new artificial intelligence model developed by Anthropic, according to sources familiar with the matter.

10 Apr 2026-09:45
Elon Musk's shocking SpaceX IPO demand raises eyebrows

Elon Musk is making headlines again, this time for an unconventional demand tied to the highly anticipated SpaceX IPO.

07 Apr 2026-10:12
Citigroup expects mid-teens growth in Q1 investment banking fees

10 Mar 2026-17:46
Citi’s former Russian unit to rebrand as RenCap Bank

The former Russian unit of Citigroup has announced plans to change its name to RenCap Bank as part of its planned sale to Renaissance Capital.

13 Feb 2026-17:10
Citi sees limited US, Israel action against Iran

US and Israeli actions against Iran are likely to remain limited in the near term, as Washington seeks to avoid a wider escalation while maintaining pressure on Tehran over its nuclear programme, according to Citigroup.

30 Jan 2026-12:12
Wall St futures dip as Bank of America

U.S. stock index futures edged lower Wednesday as investors digested earnings from Bank of America and Wells Fargo, with retail sales and producer price data expected later in the day to provide a fresh look at the economy.

14 Jan 2026-16:53
Citigroup sets S&P 500 target at 7,700 for 2026

Citigroup (C) has set a year-end target of 7,700 for the S&P 500 index in 2026, citing strong corporate earnings and ongoing support from investments in artificial intelligence.

15 Dec 2025-17:25
Exonerated trader Tom Hayes sues UBS for $400 million

Former UBS and Citigroup trader Tom Hayes, whose conviction in the global Libor-rigging scandal was overturned earlier this year, has filed a $400 million lawsuit against UBS, accusing the Swiss bank of framing him to protect senior executives.

28 Oct 2025-09:50