George Santos’ resume has ‘many fabrications and inconsistencies’ Mr. Santos admitted to lying about his education and employment history. Baruch College graduate worked at Goldman Sachs and Citigroup. A Republican congressman-elect George Santos who admitted to lying about his education and employment history is being investigated in New York. George Santos’s resume has “many fabrications … Read more
Shares in the biggest U.S. banks rallied on Friday after they passed the Federal Reserve’s annual health check. Results implied a big variation in the size of banks’ stress capital buffers. Bank of America underperformed with test results implying it needs a larger-than-expected buffer. Shares in the greatest U.S. banks revitalized on Friday after they … Read more
The largest U.S. banks pass the Federal Reserve’s annual stress test. Results pave the way for them to issue share buybacks and dividends. 34 lenders with more than $100 billion in assets would suffer a combined $612 billion in losses under this year’s scenario. The average capital ratio for the 34 banks was 9. That … Read more
The majority of the new hires will be based in Hong Kong and Singapore. Citi’s sales in the region exceeded $10 billion last year. Citigroup Inc. intends to hire approximately 3,000 additional employees for its institutional business in Asia as it expands its footprint in the area. According to Citi spokesman James Griffiths, the new … Read more
Citigroup said Thursday it set aside $1.Nine billion in reserves because of Russia’s invasion of Ukraine, which changed into one element using a drop in the financial institution’s quarterly profits. The reserve build changed into “related to Citi’s exposures in Russia and the wider impact of the conflict in Ukraine on the macroeconomic surroundings,” Citigroup … Read more
RIYADH: The US-based investment bank Citigroup has chosen favourable bidders for its consumer assets in Asian markets. The investment banking company chose Bangkok’s Bank of Ayudhya to buy its retail assets in Thailand, with an expected potential $2 billion deal to be negotiated in the coming weeks, Bloomberg reported. Citigroup has picked Singapore-based United Overseas Bank in … Read more
