Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank...
A view of a gas station as gas prices are at the highest level from last year in Virginia, on August 16, 2023. Celal Gunes |...
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions. Fraser said in a release that...
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images U.S. Treasury yields rose Friday after Federal Reserve Chairman Jerome Powell...
Chairman Jim Jordan, R-Ohio, conducts the House Judiciary Committee hearing on the “Report of Special Counsel John Durham,” in Rayburn Building on Wednesday, June 21, 2023....
Check out the companies making headlines in premarket trading. Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild resigned. The company said board member...
Renowned value investor Guy Spier has said U.S. regional banks are a “potential minefield” in the current market environment. Spier, who calls himself an “ardent disciple”...
CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg...
Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022. Al Drago...
Jane Fraser, Citi, at WEF, Davos, Jan. 17, 2023. Adam Galica | CNBC Citigroup shares rose in premarket on Friday after the bank reported second-quarter earnings...