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June 10, 2021

Citigroup Inc

LinkedIn spinout Confluent files for IPO, with annualized revenue of over $300 million

CNBC
CNBC – For more and to sign up click here Seven years after spinning out of LinkedIn, cloud software developer Confluent is going public. Confluent, which sells software that developers can use to quickly move data for use inside applications, filed its IPO prospectus on Tuesday, seeking to become the......

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office

CNBC
CNBC – For more and to sign up click here Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch – except when big companies want to get their employees back to the office during a pandemic. Employers including banks......

JPMorgan’s Dimon, Citigroup’s Fraser doubt Joe Biden’s minimum global corporate tax rate plan would work

CNBC
CNBC – For more and to sign up click here JPMorgan Chase Chairman and CEO Jamie Dimon testifies during a US House Financial Services Committee hearing on Capitol Hill in Washington, DC, June 19, 2012, about JPMorgan Chase’s trading loss. Saul Loeb | AFP | Getty Images JPMorgan Chase CEO......

Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022

CNBC Real Estate
It’s been over a year since lenders and the federal government stepped in to help Americans stay in their homes amid the global health and economic crisis caused by the Covid-19 pandemic. And many Americans still need that support.  About 2.1 million homeowners are still in forbearance plans that suspend......

Watch live: The nation’s top bank CEOs testify before Congress

CNBC
CNBC – For more and to sign up click here [The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] The chief executives of the nation’s biggest banks kick off two days of congressional testimony......

Stock futures rebound cautiously amid economic optimism, bitcoin comeback

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher after the market stalled Tuesday, with major indexes ending the regular......

Why Asian Americans on Wall Street from Goldman Sachs to Wells Fargo are breaking their silence

CNBC
CNBC – For more and to sign up click here Alex Chi, Goldman Sachs Source: Goldman Sachs A year after the pandemic began in New York City, something snapped in Alex Chi. The 48-year-old Goldman Sachs banker had been inundated with articles and video clips of horrifying seemingly random attacks......

SoftBank-backed mortgage lender Better going public via $7.7 billion SPAC

CNBC Real Estate
Pedestrians walk past signage for SoftBank Group outside a store in Tokyo, Japan, Nov. 29, 2018. Kiyoshi Ota | Bloomberg | Getty Images Digital mortgage lender Better.com announced Tuesday that it will make its market debut by merging with Aurora Acquisition Corp., valuing Better at $7.7 billion. The company, ranked No.......

Cramer bemoans lack of earnings momentum in stocks: ‘It’s starting to bother me’

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Wednesday gave his prognosis on the market as many stocks failed to gain trading traction after positive quarterly reports. “Most stocks simply aren’t getting much pin action now for what they do, in part because, well,......

After Chauvin verdict, business leaders speak out saying fight for racial justice must continue

CNBC
CNBC – For more and to sign up click here People raise their fists and hold a portrait of George Floyd during a rally following the guilty verdict the trial of Derek Chauvin on April 20, 2021, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images In tweets, corporate......

Citigroup CEO Jane Fraser says of moves to shrink retail banking footprint: ‘We want to be a winner’

CNBC
CNBC – For more and to sign up click here Citigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns. One of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring......

Facebook-backed Diem aims to launch digital currency pilot later this year

CNBC
CNBC – For more and to sign up click here Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign......

Morgan Stanley is set to report first-quarter earnings – here’s what the Street expects

CNBC
CNBC – For more and to sign up click here James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report first-quarter earnings before......

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer,......

Coinbase’s debut is monumental for the crypto industry, despite volatility: CNBC After Hours

CNBC
CNBC – For more and to sign up click here CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, Kate Rooney wraps up the watershed moment when Coinbase became a publicly traded company. Plus, Robert Frank explains how the red-hot Florida real estate market ay......

So far in earnings season, companies are reporting numbers way above what Wall Street expected

CNBC
CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from......

Citigroup is set to report first-quarter earnings — here’s what the Street expects

CNBC
CNBC – For more and to sign up click here Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report......

Earning season is about to get underway and that could be a positive catalyst for stocks

CNBC
CNBC – For more and to sign up click here A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected......

How JPMorgan increased the number of Black interns in its Wall Street program by nearly two-thirds

CNBC
CNBC – For more and to sign up click here JPMorgan building in New York. Scott Mlyn | CNBC JPMorgan Chase boosted the number of Black and female college students selected for investment bank internships by leaning on technology platforms that help the firm broaden out its campus recruiting efforts,......

SoftBank invests $500 million in digital mortgage lender Better.com

CNBC Real Estate
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market......

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