citigroup

Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo shares fall 3% after Q3 earnings

Wells Fargo & Co. (NYSE: WFC) reported its third quarter earnings for fiscal year 2017. The bank missed estimates for revenue, which, along with the massive consumer scandal expenses, sent shares down over 3 percent on Friday.The bank repor..

Citi Beats on Third-Quarter Financial Results

Citi Beats on Third-Quarter Financial Results

On Thursday, Citigroup Inc (NYSE: C) announced its financial results for the third quarter of 2017. Both earnings and revenue beat previous estimates.According to the company, revenue increased 2% from $17.8 billion for the same period last year to ..

Federal Reserve’s New Rule to Help Unwind Big Banks

Federal Reserve’s New Rule to Help Unwind Big Banks

On Friday, The Federal Reserve finalized a new rule that would make it easier to unwind important U.S. banks by creating a safe harbor for financial contracts after a firm defaults. This decision was unanimously approved by Federal board members and..

Tax Cut Odds Better with Trump Troubles

Tax Cut Odds Better with Trump Troubles

Chances of tax legislation seem better with increasing dysfunction and turmoil in Washington. Wall Street at least believe so. For Trump, the second week of August was a horrible period. President Donald J. Trump came under a barrage of criticism fo..

U.K. Bans Credit Card Surcharges

U.K. Bans Credit Card Surcharges

On Wednesday, the U.K.’s Treasury Ministry announced that British retailers will be forbidden from forcing customers to pay surcharges when they pay for a transaction using a credit card. British consumers tend to face up to 20 percent of surc..

Citigroup Chooses Frankfurt as New European Trading Hub

Citigroup Chooses Frankfurt as New European Trading Hub

Citigroup, Inc. (NYSE: C) announced that they have chosen Frankfurt as their newest trading hub in the European Union and hopes that the board of directors will approve with this decision. This expansion will create between 150 and 250 new role..