• BAC
• BRKa
• C
• JPM

Berkshire Hathaway nets $10 billion from BofA share-sale spree

• C

Citi hires LaVoie from Wells Fargo to head West Coast private equity M&A

John LaVoie joins Citigroup to lead West Coast private equity, emphasizing growth opportunities as interest rates drop and deal-making in tech and healthcare increases.

• C
• GS
• HSBC
• JPM
• MS
• SAN
• SMFG
• UBSG
• WFC

OpenAI secures $4 billion credit line after big funding round

• C

US Senator Warren asks regulator to impose growth curbs on Citi

Senator Elizabeth Warren urges growth restrictions on Citigroup due to ongoing regulatory issues, highlighting the bank's struggle to comply with requirements and previous penalties.

• C

Fed terminates 2013 money-laundering enforcement action against Citigroup

The Federal Reserve ended a 2013 enforcement action against Citigroup regarding anti-money laundering deficiencies. Citigroup plans to separate Banamex from the bank in 2024.

• C

Citi warns some employees about misconduct by staff, contractors, memo says

Citigroup warns employees about fraud and unethical behavior, considering tighter contractor oversight after past regulatory issues and emphasizes zero tolerance for violations.

• APO
• C

Citi joins hands with Apollo for $25 billion private credit program

Citigroup and Apollo Global partner for a $25 billion private credit program, highlighting the increasing collaboration between banks and non-banks in the growing private credit market.

• C

Citigroup's China expansion held up by US regulators, Bloomberg News reports

Citigroup's expansion in China is stalled due to US regulatory penalties affecting data management, complicating its licensing efforts while discussions with Chinese authorities continue.

• AMZN
• BB
• BLK
• C
• CHK
• CRM
• CSCO
• DIS
• EBAY
• EL
• ENB
• FDX
• GOOGL
• IBM
• INTC
• LCID
• LEVI
• LMT
• M
• MS
• MSFT
• NKE
• NVAX
• PLL
• PYPL
• SPR
• TRP
• TSLA
• UPS
• W
• WMT

Factbox-Layoffs pile up in US, Canada as companies uncertain of economy

In 2024, major companies in the US and Canada continue job cuts amid economic uncertainty, with significant layoffs announced across various industries including technology, automakers, and media.