Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC…
Inflation gives millions new access to investments for the wealthy, says SEC
Inflation has given millions of people new access to certain investments earmarked for the wealthy — and consumer advocates argue…
Fed’s Goolsbee says he was ‘confused’ by last week’s market reaction
A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after…
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila…
This ETF offering could become next year’s hot product
BNY Mellon’s global head of ETFs suggests exchange-traded funds using options overlays could become next year’s hot product. “We are…
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.…
Fed’s John Williams says the central bank isn’t ‘really talking about rate cuts right now’
New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment…
