Citigroup Inc. (C) and Apollo Global Management Inc. (APO) have inked a deal for a subsidiary of Citigroup and certain affiliates of Apollo to establish a revolutionary $25-billion private credit, direct lending program. The program will initially focus on North America, potentially expanding to additional geographies. Both companies expect the program to finance approximately $25 billion of debt opportunities over the next several years, including corporate and financial sponsor transactions.  Citigroup an ...

Citigroup Inc. (C) is in the limelight with the Federal Reserve’s aggressive start to monetary policy easing. During the Sept. 17-18 FOMC meeting, the Fed lowered the interest rate by 50 basis points after more than four years. Currently, the Fed fund rates stand in the 4.75-5% range. The central bank also indicated two more rate cuts this year and four in 2025. This is expected to bring rates down to 3.4% by the end of next year.The rate cut is a positive development for banks like Citigroup, Wells Fargo ( ...

The most recent trading session ended with Citigroup (C) standing at $62.58, reflecting a +0.71% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.28% for the day. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.15%.Heading into today, shares of the U.S. bank had 0% over the past month, lagging the Finance sector's gain of 3.08% and the S&P 500's gain of 2% in that time.Investors will be eager ...

Citigroup Inc.’s (C) plan to expand in China has met a snag with the U.S. regulators after the Federal Reserve imposed a penalty on the bank related to its data management and risk controls, per a Bloomberg report.The bank is currently awaiting a clearance letter from the U.S. Federal Reserve, which is required by Chinese authorities to verify Citigroup's regulatory standing. Without this letter, the bank cannot proceed with its plans to set up a standalone securities firm in China.The difficulties arose wh ...

文章核心观点 - 花旗银行(Citi)在中国扩张计划遭遇监管障碍 [1] - 花旗银行因数据管理和风险控制问题被美联储罚款,导致在中国设立独立证券公司的进程受阻 [1][2] 公司概况 - 花旗银行今年夏季因数据管理问题被美联储和货币监理署罚款1.36亿美元 [2] - 这是花旗银行在2020年就被发现存在的数据管理问题的延续,突显了该行在修复监管缺陷和精简业务方面的挑战 [2] - 花旗银行此前还因风险管理和内部控制问题(包括数据质量管理)被罚4亿美元 [2] 行业动态 - 即时/实时支付在亚太地区和拉丁美洲的采用率快速提升,印度和巴西领跑 [2][3] - 在印度,约85%的支付已实现实时,巴西紧随其后达到80%的采用率 [2] - 即时支付正在数字化现金经济,消除这些经济体的现金使用 [3]

American Airlines is reportedly considering consolidating its business with a single credit card partner, potentially by making Citigroup its exclusive partner and dropping Barclays.The airline’s talks with banks and card networks are ongoing and the timing of an agreement is unknown, CNBC reported Friday (Sept. 20), citing unnamed sources.A deal could also face scrutiny from U.S. regulators, which in turn could delay or cancel any changes to the current arrangements, according to the report.Responding to t ...

The Federal Reserve’s aggressive start to monetary policy easing raised optimism among investors who expect this move to boost the profitability of Wall Street giants and smaller regional lenders. On Wednesday, the Fed Chairman, Jerome Powell, remarked the U.S. economy is "in good shape." He pointed out that risks of further cooling in the labor market have risen. With this, the central bank cut the interest rates by 50 basis points, bringing the Fed fund rates to the 4.75-5% range. This marks the end of an ...

An American Airlines' Embraer E175LR (front), an American Airlines' Boeing 737 (C) and an American Airlines' Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024.American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership that dates back to the airline's 2013 takeover of US Airways, said people with knowledge of the negotiations.American has been working with banks and card networks on a new long-term dea ...

文章核心观点 - 美联储即将降息,但降幅存在争议,有人主张50个基点,也有人认为25个基点更现实[1] - 美国就业数据令人担忧,投资者对此反应强烈,股市出现大幅下挫[2] - 通胀率未达标不应阻碍降息,但也有专家认为降息会重新引发通胀[3][4] - 股市和黄金价格已经预期并欢迎降息,有望进一步上涨[5][6][7][8] 行业总结 - 美国就业市场疲软,制造业也有所下滑[2] - 通胀压力仍存,降息可能会加剧通胀[3][4] - 股市和黄金价格已经大涨,预期未来还会继续上涨[5][6][7][8] 公司总结 - 多家大型企业表示消费者正在疲软[4] - 高盛和美银美林预测标普500指数和黄金价格将继续上涨[8]

Dividend investing is a powerful way to build wealth and financial security.If you're interested in adding more dividend-paying stocks to your portfolio, that's a fine idea. For one thing, dividend payers tend to be more established and reliable growers, since they have reached a point where management is confident it can commit to a regular payout to shareholders. Better still, dividend-paying stocks tend to outperform non-payers!For example, a study by Hartford Funds and Ned Davis Research found that from ...