BofA's Bond Traders Post a Surprise Drop as Profit Slumps
Bank of America Corp.’s earnings fell short of expectations as the bank’s numerous charges in the fourth quarter cut into profit and the firm’s fixed-income…
Source: biztoc.com
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Tesla Declines on China Price Cuts and German Plant Shutdown
The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.
Source: biztoc.com
Citi cuts more than 300 senior manager roles: report
None Citi on Monday laid off more than 300 senior managers, Bloomberg reported , citing a person familiar with the matter. • None The cuts, which affect…
Source: biztoc.com
Citi shakeup: The banking giant is planning layoffs and a huge overhaul
None Citigroup is planning a sweeping overhaul of its organization after years of lackluster stock performance. • None The reorganization efforts are expected…
Source: biztoc.com
The US may be headed for a credit crunch that could deepen a looming recession, Citi global chief economist says
None Citi's Nathan Sheets says the US may be headed for a credit crunch. • None Such a scenario could deepen an economic downturn and ensure a more prolonged…
Source: biztoc.com