News

Fed could be forced into steep rate cuts if U.S. economy is a casualty of trade wars, Citi says
Wonder why President Donald Trump is attacking the Federal Reserve chairman and demanding lower interest rates now? Well, ...
Citi expects higher effect of tariffs on growth in second half, puts recession odds close to 45%
Citigroup's Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as the economy ...
American Banker10d
Citi must disburse federal climate grants, judge rules
U.S. District Judge Tanya Chutkan said the Environmental Protection Agency could not suspend the previously awarded funds.
Federal Reserve, FDIC Pull Statements on Crypto
The regulators have withdrawn several statements regarding banks’ crypto-related activities in an effort to support ...
Banking Dive5d
Citi eyes AI productivity gains as it consolidates data systems
I’m not sure any bank finishes its modernization,” CEO Jane Fraser told investors during an earnings call last week.
JD Supra1d
CFPB Reverses Course, Withdrawing “Unprecedented” EFTA Interpretation
Following a brief pause under new leadership, the Consumer Financial Protection Bureau (CFPB) has resumed activities, albeit significantly in ...
MarketWatch4d
Fed could be forced into steep rate cuts if U.S. economy is a casualty of trade wars, Citi says
Wonder why President Donald Trump is attacking Federal Reserve Chairman Jerome Powell ... Among the most pessimistic is Citi, which, on Monday, predicted the economy would show clear signs of ...