• Wed, January 15, 2025

by: Reuters

Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks

Citigroup swung to a profit in the fourth quarter, fueled by strength in trading and a recovery in dealmaking that drove up investment banking fees.

by: YourTango

People Who Master These 10 Challenges Almost Always End Up In Jobs They Love

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by: MSN

West Hartford shares economic development over the past year

West Hartford town officials shared an update on new businesses and housing projects during the annual economic development luncheon on Wednesday. The presentation was given to West Hartford Chamber of Commerce members at the Pond House Cafe.

by: MSN

Stocks to Watch: Adani Green, HDFC AMC, Hindustan Zinc, Adani Energy, and IRFC

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  • Thu, January 16, 2025

by: cnbctv18

Budget 2025 Expectations LIVE Updates: Key expectations ahead of Finance Minister Nirmala Sitharaman's February 1 presentation

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by: sinchew

HKPC "ForeSight 2025" Explores Economic Future and Champions Sustainable Development in Hong Kong

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by: NDTV

The Difference Between Interim Budget And Full Budget

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by: TechRadar

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by: timesnownews

UPI Goes Global: NIPL and Magnati Bring QR-Based Payments to UAE Merchants

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by: CNET

ExpressVPN Identity Defender Review: Great VPN, Basic ID Theft Protection

While ExpressVPN is primarily a virtual private network, the platform offers some identity theft protection features.

by: Kiplinger

Could ESG Funds be Removed from Your 401(k) Plan?

American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an invest

by: Kiplinger

The Fine Print: What Trump Isn't Telling You About His Tax Plans

Knowing the impacts of various tax proposals can empower you to make informed financial decisions as we move through 2025.

by: AOL

Massive new Trump tariffs are looming. Here's how these import 'taxes' work and who pays for them

New tariffs are likely coming in Trump's second term. While companies owe these import taxes, consumers usually foot the bill.

by: Kiplinger

Taiwan Semiconductor Earnings Fuel a Rally in Chip Stocks

Taiwan Semiconductor stock is higher Thursday after the chip manufacturer beat expectations for its fourth quarter and issued a strong outlook. Here's what you need to know.

by: Forbes

Investing In Women: A Strategic Imperative For Diverse And Profitable Venture Capital

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by: Reuters

Wall St subdued after strong session; focus on earnings

Wall Street's main indexes took a pause on Thursday following strong gains in the previous session, helped by a batch of bumper earnings from major banks, while investors assessed data to gauge the outlook for interest rate cuts this year.

by: Reuters

US CDC recommends faster testing for bird flu in hospitalized patients

People hospitalized for flu should be tested for bird flu within 24 hours, the U.S. Centers for Disease Control and Prevention said on Thursday, in an expansion of the agency's efforts to tackle increasing infections in humans.

by: Kiplinger

Seven Tips to Land Your First Client as a Financial Adviser or Entrepreneur

Whether someone is a financial adviser, planner or financial business owner, being new to the industry comes with its own set of challenges — especially when it comes to finding that first client. While you may have the right credentials and the passion for helping others with their money,

by: Forbes

Made In America: 5 Strategies To Respond To Potential Tariffs

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by: Kiplinger

Asset Protection for Affluent Retirees in 2025

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by: Forbes

Five Web3 Trends To Watch In 2025: AI, DePINs, RWAs And Beyond

The Web3 ecosystem could be positioned for unprecedented growth in 2025, but success will require strategic planning, bold execution and relentless user focus.

by: Reuters

Car plants in Europe, North America face closures in 2025, Gartner says in report

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by: Reuters

Citigroup cuts more jobs to meet expense goals, Bloomberg News reports

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by: MSN

8 Surprising Things NFL Stylist Tom Marchitelli Learned from Dressing Travis Kelce, Gronk and More (Exclusive)

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by: Kiplinger

A Strategic Way to Address the Tax-Deferred Disconnect

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by: Reuters

US consumer finance watchdog fines payments firm Block over Cash App operations

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by: MSN

American Express To Pay $230M For Misleading Small Business Customers

American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products.

by: MSN

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by: Reuters

Morgan Stanley's profit more than doubles on boost from dealmaking, stock sales

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by: Reuters

PNC Financial's profit rises on interest income growth, lower rainy-day funds

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by: MSN

Pisces Daily Horoscope Today (Feb 19-Mar 20), January 17, 2025: Stay humble!

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by: Reuters

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by: MSN

UK economy rebounds but headwinds remain for govt

Britain's economic growth rebounded less than expected in November, official data showed Thursday, dealing a fresh blow to a Labour government that is battling headwinds. Following the growth data, yields on UK government bonds steadied after having cooled significantly Wednesday.

by: MSN

UnitedHealth CEO Andrew Witty remembers Brian Thompson's impact on the business

NASA satellites captured a "phantom island" before it vanished as suddenly as it appeared.

by: Reuters

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by: MSN

Warren demands clarity for big business exemptions to Trump's tariffs

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by: Reuters

Bank of America profit rises on investment banking boost

Bank of America reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter.

by: Reuters

M&T Bank fourth-quarter profit jumps 41% on higher fee income

M&T Bank on Thursday reported a 41% rise in fourth-quarter profit, as it earned more in fees from institutional services and the wealth management business after markets soared on interest rate cuts and U.

by: MSN

From Loss to Recovery: Small business owner fights back after $50,000 bank imposter scam

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by: MSN

Polestar Automotive expects positive adjusted EBITDA in 2025

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) swung lower in early trading after the electric vehicle maker reported Q3 results and updated on its profitability expectations. Revenue fell 10% in Q3 on a restated basis and adjusted EBITDA was -$181 million.

by: Reuters

Bank CEOs expect Trump bump to business as profits surge

Wall Street CEOs voiced confidence on Wednesday that the incoming U.S. administration would be business-friendly and good for banks as they reported a profits surge after dealmaking and trading picked up.

by: MSN

Dimon Sees Red Flags for Markets in a Healthy Economy. Here's Why and 5 Other Things to Know Today.

Signs point to a Fed pause on rate cutting, TSMC profit jumps amid strong AI chip demand, and more news to start your day.

by: Reuters

Indian central bank's daily liquidity infusion to aid money markets, traders say

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by: MSN

Lenders expect mortgage demand to shrink in early 2025, Bank of England finds

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by: MSN

Team SA ready to showcase nation's potential at WEF in Davos

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by: MSN

US Firm Behind Adani Scandal Investigation Announces Closure

A US-based financial research firm, Hindenburg Research, which exposed questionable business practices within the Adani Group has announced its closure. In a surprising turn of events, Nathan (Nate) Anderson,

by: MSN

THIS man married an actress who made her debut with Shah Rukh Khan and has net worth Rs 110 crore, she is...

This LA-based finance analyst got married to a popular Bollywood actress. She made her debut with Shah Rukh Khan. Can you guess who the couple is?

by: MSN

Why is Apple replacing Goldman Sachs as its credit card partner?

Apple's ongoing search for a new credit card partner has drawn significant attention in financial circles, not just for its implications for the tech giant, but also for what it reveals about shifting priorities within Wall Street.

Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks

Citigroup swung to a profit in the fourth quarter, fueled by strength in trading and a recovery in dealmaking that drove up investment banking fees.
Citigroup Inc reported a significant profit in the fourth quarter of 2023, driven by robust trading revenues and a surge in deal-making activities. The bank's earnings were bolstered by a 36% increase in investment banking fees, reaching $903 million, due to heightened activity in debt and equity capital markets, as well as advisory services. Additionally, Citigroup's markets division saw a 17% revenue increase, with fixed income trading up by 31% and equities trading by 1%. Despite these gains, the bank faced challenges including a $1.3 billion in charges related to the FDIC special assessment, currency devaluation in Argentina, and restructuring costs. CEO Jane Fraser highlighted the bank's strategic focus on simplifying operations and enhancing performance, aiming to navigate through economic uncertainties effectively.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/citigroup-swings-profit-trading-strength-surging-deals-2025-01-15/

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