Citi to cut about 20,000 jobs as it doubles down on its corporate overhaul

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CEO Jane Fraser says the company had a "very disappointing" Q4 in 2023.

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Citi Bike Rings in the New Year With a Price Hike

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New York City and New Jersey residents who are already exasperated by periodic increases in MTA subway fares are going to lack even more options for cheap public transit. Out of the blue on Thursday, Citi Bike suddenly announced its bike share program was raising prices across the board, impacting annual paying…

Tech execs are reportedly 'scrambling' to score a ticket to a dinner with China's president in San Francisco

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Chinese President Xi Jinping
Chinese President Xi Jinping will meet with business execs and President Joe Biden to discuss AI and more.

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Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street

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Bank of America shares have fallen 14% this year.

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Citi shakeup: The banking giant is planning layoffs and a huge overhaul

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What Wall Street is telling employees about returning to the office, from Goldman Sachs to JPMorgan and Blackstone

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US stocks falls as markets assess downbeat China data

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A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014.

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Citigroup is monitoring employees' office attendance, and constant absences could mean missing out on bonuses or being fired

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Citigroup employees have to be in the office three days a week.

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Wall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023

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Bank officer calculates loans

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Warren Buffett dumped several banks after spotting red flags in their financials. Here's what spooked him, and which stocks he sold.

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Warren Buffett.

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