Mexico Metropolis. Jane Fraser, director of Citigroup internationally, held a gathering with Claudia Sheinbaum, digital president-elect of Mexico, to whom she informed that the nation now has “many funding potentialities,” on a day wherein she additionally held a gathering with Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit score … Read more
4′ reading (Il Sole 24 Ore Radiocor) – While waiting for the Christmas break and the data on American inflation, the European stock exchanges they are traveling weakly, despite the optimism of Wall Street, which rebounded the day before. So they oscillate around parity the FTSE MIB of Milan, the CAC 40 of Paris, the … Read more
Citigroup strategist Beata Manthey believes the European stock market will rise to a new record in 2024, reports Bloomberg. In a new note, she points out that the balance between macroeconomic risks is improving, and that most bad news has already been priced in. She further argues that investors have become too pessimistic about the … Read more
“Amid challenging macroeconomic conditions, we have continued to reap the benefits of our diversified business model,” said the bank’s chief executive, Jane Fraser, in a statement. Although trading clients did not participate, credit card activity increased by more than 10% thanks to strong demand. “Citi” monitors the return of life to the private financing markets … Read more
pte20230504004 Company/economy, trade/services Slump in IPOs, debt securities and mergers forces Wall Street to cut jobs significantly Morgan Stanley: Institute has to cut many jobs (Photo: unsplash.com, Sven Piper) New York (pte004/04.05.2023/06:15) – The sharp drop in IPOs, debt securities and mergers is forcing major Wall Street banking institutions to make significant job cuts. After … Read more
State Street and Charles Schwab have recently experienced a significant drop in deposits. The decrease in assets has been attributed to a variety of external factors, including the COVID-19 pandemic and current economic uncertainty. As two of the industry’s largest custodians, these developments raise important questions about the state of the financial market and the … Read more
Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more
NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more