News with the tag "CitiGroup"

Billionaire Warren Buffett just sold about $3.23 billion of Berkshire Hathaway’s stake in Citigroup, Bank of America and Capital One. After eliminating Berkshire Hathaway’s stake in JPMorgan Chase and Wells Fargo in recent years, new filings show Buffett continues to place US banks on the chopping b...

Warren Buffett has exited crypto-friendly Nubank holdings, netting $250 million in profit. The conglomerate also exited Citigroup and cut its Bank of America holdings, offloading more than $2.1 billion in financial stock. Despite the selling, Buffett purchased Constellation Brands in Q1 2025, increa...

Citigroup envisions a key role for stablecoins, with the potential for a total supply of $1.6T by 2030. A new paper by Citi Institute tracks the positive development scenario for the blockchain space by the end of the decade. Citi Institute predicts the total supply of stablecoins will increase as h...

A filing by the asset management company Strategy (formerly MicroStrategy) with the U.S. SEC on March 18 revealed that the firm planned to issue an additional 5,000,000 shares of its 10.00% Series A Perpetual Strife Preferred Stock. The firm also confirmed that the stock would be available at $100 p...

Russia reportedly sent a whopping $5 billion through banking giants JPMorgan Chase and Citigroup in a scheme to skirt US sanctions. According to a report from the Wall Street Journal citing “people familiar with the matter,” investigators at the Justice Department (DOJ) believe Russia used a state-c...

Berkshire Hathaway, the investment conglomerate led by Warren Buffett, reduced its holdings in US banks Bank of America (BoA) and Citigroup shares in the final quarter of 2024. The move, disclosed in a regulatory filing on Friday, comes as Buffett continues to trim Berkshire’s stock portfolio, favor...

The financial industry faces mounting scrutiny as Citigroup, the third-largest bank in the US, confronts a legal challenge over its handling of online fraud cases. A federal judge in Manhattan ruled on Tuesday that Citigroup’s attempt to dismiss a lawsuit filed by New York Attorney General Letitia J...

Wall Street just went wild. Stocks posted their biggest gains since Trump took office again, with the S&P 500 climbing 1.8% and the Nasdaq skyrocketing 2.5%. This was a full-blown rally fueled by two big factors: lower-than-expected inflation and blowout earnings from America’s banking giants. Wall ...

Wall Street’s biggest names have smashed earnings expectations, but markets? Barely a pulse. Big banks delivered some of their best numbers in years, inflation data came in right on target, and even Bitcoin got a lift. Goldman Sachs reported $11.95 per share in earnings on revenue of $13.87 billion,...

Wall Street is on edge. The big banks—Citigroup, JPMorgan Chase, Goldman Sachs, and Wells Fargo—are about to release their earnings, and the stakes couldn’t be higher. Jefferies Financial Group already kicked off the season with numbers that disappointed the market. Combine that with a shockingly st...