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23.10.26 - 10:30
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Citigroup gets Beijing′s approval for wholly owned securities firm in China (SCMP)
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US bank Citigroup has received approval to set up a wholly foreign-owned securities firm in mainland China, allowing the lender to pursue more opportunities in one of the world's largest capital markets.
The long-awaited green light was given by the China Securities Regulatory Commission on Friday, and ahead of an expected meeting between President Xi Jinping and US President Donald Trump on the sidelines of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen next month.
The nod also......
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22.10.26 - 21:42
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Major US Banks Are Detecting Unauthorized AI Agents Accessing Customer Accounts (ZeroHedge)
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Major US Banks Are Detecting Unauthorized AI Agents Accessing Customer Accounts
America's largest banks are scrambling to defend themselves against a new and rapidly evolving security threat: artificial intelligence agents gaining access to customer accounts, sometimes behaving in ways that appear to go beyond what their human users originally authorized, according to Axios.
Major financial institutions including JPMorgan Chase, Bank of America, Morgan Stanley, Wells Fargo and Citigroup are confronting the growing presence of third-party AI assistants inside their banking platforms. Some institutions have detected unauthorized agent activity, while others are concerned about cases in which AI systems appear to initiate actions without explicit instructions from account holders.
The problem is becoming particularly difficult because banks cannot always distinguish between a legitimate customer accessing an account, an AI assistant acting with that customer's permission, and a potentially ro...
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22.10.26 - 09:31
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Citi ECM Chief Sees Near-Term IPO Caution on Neocloud Wobbles (Bloomberg)
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Investors will become more selective in the near future when it comes to initial public offerings, as rising concern about the spending on the artificial intelligence expansion — particularly data center funding — ripples across the market, according to Citigroup Inc.'s co-head of global equity capital markets....
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20.10.26 - 14:12
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AI Fears Return With Data Center IPO Flop; SpaceX, Netflix Earnings (Bloomberg)
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US equity futures slip, pausing an AI recovery in stocks, after South Korean data center company Elice plunged in its trading debut. Ukrainian President Volodymyr Zelenskyy heads to Norway for fresh peace talks as tensions with the US deepens. SpaceX, Netflix, General Motors, RTX, and Northrop are set to report earnings. Jeanne Sun of Citigroup Global Markets joins "Bloomberg Brief" to discuss her outlook for this earnings season. (Source: Bloomberg)...
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20.10.26 - 01:06
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Citigroup Declares Common Stock Dividend (Business Wire)
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Citigroup Declares Preferred DividendsNEW YORK--(BUSINESS WIRE)--The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.67 per share, payable on November 25, 2026, to stockholders of record on November 2, 2026.
The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows:
– 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y, payable November 16, 2026, to holders of record on November 6, 2026. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $10.375 for each receipt held.
– 7.375% Fixed Rate Reset Noncumulative Preferred Stock, Series Z, payable November 16, 2026, to holders of record on November 6, 2026. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $18.4375 for each receipt held.
– 7.625% Fixed Rate Reset Noncumulative Preferred Stock, Series AA, payable November 16,...
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