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At the bank’s investor day, CEO Jane Fraser and other top executives outlined where they are investing, how they are reorganizing and what it will all cost.
March 2
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Citigroup said profitability will fall as the bank pursues a strategy shift that it said will raise expenses in the near term.
March 2
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Across the country, banks of all sizes are investing in the wealth business as a way to deepen customer relationships, capture recurring revenues and tap into a massive transfer of wealth from baby boomers to Generation X and millennials. A lot of money is up for grabs, but maybe not enough to go around.
February 28
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Royal Bank of Canada is still benefiting from the pandemic-era boom in capital markets.
February 24
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The activist investor ValueAct Capital Management has been awarded a seat on the board of Fiserv as part of a settlement with the financial technology and payments firm.
February 23 -
A busy end to the year for Barclays’ dealmakers helped offset a slump in trading activity and lift the British bank to its highest annual profit on record.
February 23
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Citigroup has been pulling back retail operations from broad swaths of the globe, but its commercial banking business is finding new regions for expansion.
February 22
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Royal Bank of Canada shareholders will vote on whether the bank should tighten its standards for sustainable finance, action inspired by a 2021 pipeline financing deal that was criticized for greenwashing and general concern over lax standards for so-called sustainability-linked debt.
February 17
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The Silicon Valley fintech expects to make $1.5 billion in auto loans this year after implementing key elements needed to achieve scale, said CEO David Girouard. The expansion comes as the automotive market continues to boom.
February 16
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As more investors look to make portfolio allocations based on their values, we explore what ESG ratings can do — and what they can't.
