U.S. suffered $16 trillion loss over 20 years due to racism new Citigroup study finds

The biggest factor is entrepreneurship, where inequities resulted in a $13 trillion loss.
Mario Tama/Getty Images

Here’s what bank earnings tell us about the economy

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 to show strong profits. Click the audio player above to hear the full story. 

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

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?

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

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

May 20, 2015
Five of the world's largest banks are being fined billions.

What's in a settlement?

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

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Citigroup announces 11,000 layoffs

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.

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

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

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.