Citigroup To Finish Sweeping Overhaul This Week After 5,000 Layoffs
Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve profits, after shrinking its workforce by 5000 employees.
Recent
U.S. Bank at the Forefront of Investor Satisfaction
In the latest assessment of investor satisfaction conducted by J.D. Power in 2024, U.S. Bank ascended to the forefront among investors.
Goldman Says Megacap Bull Case Might Take S&P 500 to 6,000
Goldman Sachs Group Inc. strategists stick with year-end S&P 500 forecast of 5,200, but have scenario which tech megacaps lead index up another 15%.
Raymond James Financial CEO set to Retire
Raymond James Financial announced that CEO Paul Reilly is set to retire by October 2025, with CFO Paul Shoukry stepping into his shoes.
Justice Department Files Antitrust Suit Against Apple
The Justice Dept filed a federal antitrust lawsuit against Apple, alleging the tech giant illegally maintains dominance over its IPhone ecosystem.
Brokerage Firm Fined for Use of Misleading Claims by Social Influencers
M1 Finance was fined $850,000 by Finra, for failing to properly oversee its use of social media influencers in marketing strategies.
Cash Bonuses are Down Across Wall Street. But Not for Some Top Execs.
Cash bonuses fell across Wall Street during a challenging 2023, according to a new report, but some bosses were able to buck that trend.
