Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

Citigroup Prepares for Earnings Report Amid Slowdown in Global Growth

Citigroup, the giant U.S. bank, is expected to report first-quarter earnings roughly equivalent to those from a year earlier, even after rival JPMorgan Chase posted a 5% increase. Citigroup CEO Michael Corbat, who this week announced major changes in his senior leadership team, is expected to provide commentary on how the bank is faring amid a slowdown in global economic growth.

Citigroup CEO to Staff: One Day Maybe You Too Can Make $24 Million a Year

Citigroup CEO to Staff: One Day Maybe You Too Can Make $24 Million a Year

U.S. Representative Nydia Velazquez, a New York Democrat, asks Citigroup CEO Michael Corbat at a hearing in Washington what it was like to get paid more than 400 times his employees' median pay. Corbat's response was that he hoped employees might see opportunities to get promoted.

U.S. Job Openings Tumble in February as Businesses Slowed Hiring

U.S. Job Openings Tumble in February as Businesses Slowed Hiring

The number of U.S. job openings falls in February to an 11-month low of 7.1 million, the Labor Department says, in a sign of just how drastically businesses slowed hiring in the wake of December's stock-market swoon and the 35-day federal-government shutdown, the longest in American history.

Standard Chartered to Pay $1.1 Billion to Resolve U.S., U.K. Probes

Standard Chartered to Pay $1.1 Billion to Resolve U.S., U.K. Probes

Standard Chartered, a big U.K. lender, will include a $190 million charge in first-quarter results to pay for the settlements, on top of a $900 million reserve recorded in the fourth quarter of 2018.

These Almost-Junk Bonds Could Flood Junk-Bond Market in Downturn, Fitch Says

These Almost-Junk Bonds Could Flood Junk-Bond Market in Downturn, Fitch Says

More than $200 billion of investment-grade bonds could fall into the $1.2 trillion junk-grade category during the next economic downturn, Fitch Ratings estimates in a new report, adding to a growing chorus of regulators and Wall Street analysts warning of the risk.

Don't Go With the Flow: There Are Better Places to Invest Than High Yield

Don't Go With the Flow: There Are Better Places to Invest Than High Yield

What I would rather invest in to get similar yields.

3 'Flextensions' Very Evident in This Market: Tesla, Oil and Bonds

3 'Flextensions' Very Evident in This Market: Tesla, Oil and Bonds

Brexit is not the only big issue getting kicked down the road lately.

As Economy Slows, JPMorgan CEO Dimon Sees 'Bad Policy' but No Recession

As Economy Slows, JPMorgan CEO Dimon Sees 'Bad Policy' but No Recession

JPMorgan CEO Jamie Dimon says he doesn't currently expect the U.S. economy to tip into recession, but the risks are growing from 'bad policy,' and he lamented the loss of certainty in American global leadership. Spoiler alert: He didn't mention President Donald Trump.

U.S. Manufacturing Activity Rebounds From Lowest in Two Years

U.S. Manufacturing Activity Rebounds From Lowest in Two Years

Activity in the U.S. manufacturing sector increased faster than expected last month, a new report shows, as the economy continues to give off mixed data signals.

Wells Fargo CEO's Retirement Placates a Senator - and Grumpy Investors

Wells Fargo CEO's Retirement Placates a Senator - and Grumpy Investors

The retirement of Wells Fargo chief executive Tim Sloan could help give the scandal-plagued bank a clean slate after sanctions from regulators, attacks from lawmakers and growing shareholder dismay.