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Marketplace Morning Report

Here’s what bank earnings tell us about the economy

by Ryan Kailath Apr 12, 2018
The fundamentals of this economy are strong right now but you wouldn’t always know it from the stock markets lately. Volatility has been the word of recent weeks. But on Friday big banks including JPMorgan Chase and Citigroup are expected…

The "Titanic" of Wall Street: The Citigroup merger 20 years later

by Paulina Velasco Apr 6, 2018
The historic merger that changed how Wall Street is regulated happened 20 years ago this weekend.
Sanford Weill, chairman and CEO of Travelers Group, turns to look at the new Citigroup company logo as John Reed, chairman and CEO of Citicorp, addresses a press conference on April 6, 1998, in New York. 
JON LEVY/AFP/Getty Images

Why is Wall Street losing black executives?

by Lizzie O'Leary Jul 28, 2017
Some of the biggest U.S. banks are losing diversity, falling behind the rest of corporate America.

Why boredom is a bank ethicist's best friend

by Kai Ryssdal and Robert Garrova Apr 5, 2017
Success is 'when your company is not in the pages for misconduct,' says Princeton's's David Miller.
When a bank asks David Miller for guidance, the first thing he wants to know is "are they serious?"
Spencer Platt/Getty Images

Rate rigging in London affects U.S. consumers

by Nancy Marshall-Genzer May 20, 2015
Five of the world's largest banks are being fined billions.

What's in a settlement?

by Stacey Vanek Smith Jul 9, 2014
Citigroup is rumored to be close to a $7 billion settlement with the Justice Department. How does the DOJ set its fines?
A pedestrian walks by a CitiBank branch office in San Francisco, California.
Justin Sullivan/Getty Images

Citigroup announces 11,000 layoffs

by Jeff Horwich Dec 5, 2012
This morning Citi says that total is about to shrink -- 11,000 job cuts worldwide in the next year or two, some of them at least here in the U.S.

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Allan Sloan: Is Citigroup 'too big to succeed'?

by Jeff Horwich Oct 22, 2012
Citigroup has not come roaring out of the financial crisis like Goldman Sachs or JPMorgan Chase. Some analysts think the problems at Citigroup are inherent to the "one-stop-shopping" business model that Citigroup pioneered in the 1990s.

Michael Corbat selected to lead Citigroup

by Jeff Horwich Oct 17, 2012
Yesterday, Vikram Pandit, the head of Citigroup, suddenly resigned saying it was time for new leadership. Pandit has been replaced by Michael Corbat, who was previously leading the bank's Europe, Middle East and Africa division.

Citigroup names new CEO in abrupt switch

by Marketplace Contributor Oct 16, 2012
A sudden change of leadership at Citigroup raises new questions about the future of the embattled banking giant.