Stocks Citigroup Inc

  • SINGAPORE, Feb 22- Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day, undermining efforts by Middle East- dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were at $66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 percent, from their last...

  • NEW YORK, Feb 21- The dollar on Thursday recovered from earlier losses spurred by soft U.S. economic data, as investors consolidated positions and looked for fresh trading incentives amid U.S.- China trade negotiations and talks related to Britain's exit from the European Union. "We had weak U.S. data earlier that pushed the dollar lower, but now that move is over,"...

  • NEW YORK, Feb 21- The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. Philadelphia, which said it issued more than $1.6 billion of the bonds, said the banks colluded to collect...

  • NEW YORK, Feb 21- The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc,...

  • NEW YORK, Feb 21- The U.S. dollar fell against most major currencies on Thursday, hurt by weaker-than-expected U.S. economic data that affirmed expectations the Federal Reserve will hold interest rates this year. "Overall, the durable goods data provide further reason to think that economic growth will soon slow to below its 2 percent potential pace, which will...

  • LONDON, Feb 21- Is copper finally about to break up out of its well-trodden seven-month range? London Metal Exchange three-month copper came tantalisingly close on Wednesday with a mini-surge to $6,426.50, challenging the upper band of the $5,725 to $6,440 range that has defined the market since July 2018. Glencore set the ball rolling with an announcement...

  • *2018 profit 3.5 bln stg versus forecasts 3.8 bln stg. LONDON, Feb 21- Barclays reported a lower than forecast attributable profit of 3.5 billion pounds for 2018, as it set aside cash to cushion against Brexit losses and its trading business weathered a difficult fourth quarter. Barclays Chief Executive Jes Staley is locked in a high-profile tussle over the...

  • *UBS hit with 4.5 billion euros of penalties. PARIS, Feb 20- A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros in penalties. "The court can only conclude that consistently put its own financial interests over the sovereign rights of the French state," the...

  • DUBAI, Feb 20- Bahrain's sovereign wealth fund Mumtalakat started marketing its planned five-year U.S. dollar Islamic bonds, or sukuk, with an initial yield guidance of around 6.25 percent, a document issued by one of the banks leading the deal showed. The sukuk, which is expected to price later on Wednesday, will be of benchmark size, which generally means upwards...

  • *U.S.- China trade talks resume in Washington. NEW YORK, Feb 19- U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.- China trade talks resumed in Washington. "did say going to be drawing down the balance sheet for some time," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New...

  • *U.S.- China trade talks resume in Washington. Feb 19- U.S. stocks inched higher on Tuesday, led by Amazon and upbeat earnings from Walmart, while investors focused on the latest round of trade talks between the United States and China. The company's results helped lift the mood in the sector, especially after a Commerce Department report showed last week that U.S....

  • Mary Barra, Chairman and CEO of General Motors

    A new study by Equileap crunches the numbers on how women fare at America's biggest companies.

  • *France mandates for 30- year syndication. LONDON, Feb 18- Short-dated Italian government bonds outperformed on Monday, their yields falling the most among euro zone bonds to lead a rally in the periphery, on expectations of more monetary stimulus from the European Central Bank. Coeure's comments on Friday saw euro zone banking shares jump more than 3 percent,...

  • *France mandates for 30- year syndication. LONDON, Feb 18- Short-dated Italian government bonds outperformed on Monday, their yields falling the most among euro zone bonds to lead a rally in the periphery, on expectations of further monetary easing from the European Central Bank. Coeure's comments on Friday saw euro zone banking shares jump over 3 percent, the...

  • LONDON, Feb 18- Euro zone bond yields held near to Friday's closing levels after further dovish comments from ECB officials over the weekend offset the boost to risk sentiment prompted by stronger Asian stock markets on the back of progress in China- U.S. trade talks. ECB policymakers Francois Villeroy de Galhau and Olli Rehn added to dovish comments from...

  • Feb 15- Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million. Corbat's total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88...

  • Corbat's total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88 million.

  • PRO Talks: Doug Ramsey

    Chief Investment Officer of The Leuthold Group Doug Ramsey said U.S. equities may still be in the throes of an extended bear market.

  • NEW YORK, Feb 15- Citi Research's gauge on U.S. economic data surprises fell 40.7 points this week for its biggest weekly decline since June 2011, as the latest data on retail sales and factory output fell far short of market expectations. The Citi barometer, which measures whether U.S. economic data come in weaker or stronger than analysts forecast, is monitored by...

  • BERLIN, Feb 15- Germany's two leading SME business associations publicly opposed a merger of Deutsche Bank and Commerzbank on Friday, arguing a combination could curb competition. Germany's Mittelstand, as its small and medium-sized firms are known, make up more than 99 percent of all registered companies in Europe's largest economy, account for more than 97...