Portions of Pennsylvania, New York and Mid-Atlantic and Southeast states were still under a National Weather Service watch for damaging wind and tornadoes,
Big banks are holding off on acquisitions and staying cautious about the Trump administration's pledges to unleash dealmaking, according
Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as
The criminal trial of Charlie Javice for allegedly defrauding JPMorgan Chase into buying her college financial aid startup Frank began on Thursday, with her
U.S. bank executives said on Tuesday they expected policy uncertainty to linger as President Donald Trump's second administration takes
U.S. regional banks are capitalizing on improving investor sentiment by raising billions of dollars in equity to pursue deals and beef up their balance sheets.
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people
Three senior executives are leaving Citigroup's equity-trading division, two sources with knowledge of the matter said on Wednesday, as the company undergoes a
Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank's sweeping overhaul, according to two sources familiar
Citigroup CEO Jane Fraser said on Friday that top employees were on board with the company's sweeping reorganization, and that there was "no room for bystanders
Citigroup has embarked on its biggest reorganization in decades, its managers are reviewing staff rosters to determine by
Profits at the biggest U.S. consumer lenders are likely to rise in the third quarter, in contrast with investment banks still
Citigroup's profit was broadly steady and beat third-quarter estimates as it benefited from rising interest payments and surging investment
Morgan Stanley's third-quarter profit showed a hit from lethargic dealmaking, while shares sank 7.4% as some analysts pointed to a fall in
Morgan Stanley's current CEO James Gorman and incoming CEO Ted Pick spoke with Reuters about the company's leadership succession and strategy.
Major Wall Street firms said a dismal year of dealmaking appears to have hit a trough, and now some companies are looking to merge, offering
Ratings agency Moody's is creating a unit to research and rate private credit, the firm said on Monday.
Bonuses for investment bankers advising companies on mergers and acquisitions are expected to drop by 15% to 25% this year from 2022, according to a study by
Citigroup employees expect further announcements about management changes and layoffs on Monday in the next phase of the
Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest
A top Citigroup executive asked employees to speak up if they see inappropriate behavior after a managing director sued the company this week, alleging she was
Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and
(This Dec. 6 story has been corrected after Citigroup clarified that the $1 billion figure does not relate only to the reorganization recently announced in paragraphs 1, 2, 3 and 6) By Tatiana Bautzer
Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.
HSBC expanded its Americas equity research team to 24 people this year, adding to its coverage of U.S. stock markets for wealthy clients, the bank said on
Patient dies following muscular dystrophy gene therapy, Sarepta reports
AI is turbocharging organized crime, EU police agency warns
Retired Philadelphia detectives go on trial in perjury case stemming from 2016 murder exoneration
Shohei Ohtani, Japan's other baseball stars shook their nerves and delivered in MLB's Tokyo opener
Why did Netanyahu end the Gaza ceasefire?
Canada's annual inflation rate increases to 2.6% in February
'Sunrise' arrives at midnight for fans celebrating release of new 'Hunger Games' novel
The parents of a US student who vanished in the Dominican Republic ask that she be declared dead
