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The Mistake That Led To Citi's Infamous $900M "Fat Finger" Has Finally Been Exposed

Article By:
Tyler Durden
Sunday, March 21, 2021 1:26 PM EDT
When they first surfaced last summer, reports that Citigroup had accidentally transferred $900MM to creditors of the ailing cosmetics company Revlon, the public reaction initially focused on the pitfalls of working from home.
In this article: C
New Citi Ceo Gets $500 Mln Catalyst To Clean House

Article By:
Lipper Alpha Insight
Thursday, February 18, 2021 4:06 AM EDT
Jane Fraser’s job as incoming chief executive of Citigroup is to act as a sort of plumber. She needs to fix the U.S. bank’s rusty pipes before they leak again. A New York judge on Tuesday gave her another $500 million incentive to get cracking.
Inside Friday’s Bank Earnings, The Age Of Magic Money And 3,749

Article By:
Greg Feirman
Tuesday, January 19, 2021 6:02 AM EDT
4Q Earnings Season kicked off for real on Friday with JP Morgan, Citigroup and Wells Fargo reporting.
The No.1 Silver Stock For 2017 (SPONSORED POST)
True that silver had been performing better than gold of late, but I have 2 thoughts: I am somewhat concerned about the volatility of penny stocks that you mentioned above. If I was investing in silver I prefer iShares Silver Trust ($SLV), and secondly, with the expectation for more rate hikes in 2017, I foresee that safe haven investments like gold and silver will be worse performers when compared with banking and financial stocks like #Citigroup, #BankOfAmerica, or #Goldman Sachs. As always, best advice is to diversify. $C $BAC $GS