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The broad U.S. equity averages rallied on Thursday, driven by strength in the banking sector, which benefitted from a rise in yields inspired by the Federal Reserve's latest policy announcement. This included rallies in mega-banks, like Citigroup (NYSE:C) and Bank of America (NYSE:BAC), as we...
U.S. stocks jumped for a second day as fears around a crisis in China's property market eased somewhat and as the Federal Reserve kept current monetary stimulus in place for just a little bit longer. The Dow Jones Industrial Average popped 506.50 points, or 1.5%, to 34,764.82 Th...
Top Financial Stocks Worth Keeping An Eye On Today The hype surrounding various other industries due to the tech boom today is easily justified. However, it is easy to forget about fundamentally sound industries in the stock market . A prime example of this would be financial ...
Shares of Bank of America (NYSE: BAC) and Citigroup (NYSE: C) were trading nearly 4% higher in the final hour of trading Thursday as the broader market rallied from what has been a difficult few weeks. Like a lot of the market, bank stocks got hit hard on the news ab...
With the 10-year Treasury yield jumping 9 bps to 1.40%, financial stocks, especially banks, are seeing their biggest moves since early July. The KBW Nasdaq Bank Index (BKX) climbs 3.7%, its best showing since July 9; the Financial Select Sector SPDR (XLF +2.7%) is also on pace to its big...
Survey Reveals Multiple Playbooks Emerging for Corporate Treasurers Citi Survey: Balancing Digital Aspirations while Addressing Risk Management Fundamentals Citi has released its latest findings from Treasury Diagnostics, its global corporate benchmarking survey desi...
Citi, acting through Citibank N.A., has been appointed by Banco Santander S.A. (“Banco Santander”) to act as successor depositary bank for its NYSE listed American Depositary Receipt (“ADR”) programme. Banco Santander’s American Depositary Shares (...
The Association of American Railroads (AAR) reports total weekly US rail traffic down 3.1% Y/Y to 505,622 carloads and intermodal units for the week ending September 18, 2021. Carloads up 3.5% to 234,790; intermodal volume down 8.3% to 270,832 ...
DFC financing for vaccine-related efforts now totals nearly $600m committed during the Biden Administration U.S. International Development Finance Corporation, in conjunction with Citi, launch risk management solution for COVAX Facility Helps to insure agains...
US Bank has resolved its regulatory issues I described in August 2017; since then, shares are up just 7% compared to S&P +75% and my favorite megabank, JPM +63%. Takeover of Union Bank likely to be a boon to earnings in years ahead if bank can protect revenue while cutting 40% of ...
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Citigroup Inc. is announcing the redemption, in whole, constituting $2,000,000,000 of its 0.981% Fixed Rate / Floating Rate Notes due 2025 (the “fixed rate / floating rate notes”) (ISIN: US172967MX62), and the redemption, in whole, constituting $500,000,000 of its Floating Rate Note...
(TheNewswire) Vancouver, BC – TheNewswire - April 25, 2024 – Contact Gold Corp. (“Contact Gold” or the “Company”) (TSXV:C) (OTC:CGOLF) is pleased to announce that it has received a final order from the Supreme Court of Britis...
Citigroup Inc. is announcing the redemption, in whole, constituting C$56,782,000 of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 (the “notes”) (ISIN: CA172967EB37). The redemption date for the notes is May 24, 2024 (the “redemption date”). The ...