Latest Citigroup Inc News

In this undated photo provided by Citigroup, head of Citi’s global consumer banking division Jane Fraser poses for a portrait. Citigroup announced Thursday, Sept. 10, 2020, that Fraser would succeed Michael Corbat as the bank’s next chief executive, making Fraser the first woman to ever lead a Wall Street bank. (Julian Restrepo/Citigroup via AP)

Jane Fraser to become Citi CEO; 1st woman to lead major bank

Sep. 10, 2020 2:23 PM EDT

NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman to ever lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced the succession Thursday. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that...

Exxon, Tesla fall; Nikola, Beyond Meat rise

Sep. 8, 2020 4:22 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Apple Inc., down $8.14 to $112.82. Italy’s competition watchdog launched an investigation into Apple and other technology companies over their cloud storage services. Walt Disney Co., up $2.21 to $134.20. Disney released a...

FILE - In this Feb. 2, 2020, file photo, the company logo appears on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo.  A day after its 5-for-1 stock split took effect, Tesla is announcing plans to sell up to $5 billion worth of common shares.  Tesla shares rose over 2% in premarket trading Tuesday, Sept. 1,  after the filing with the U.S. Securities and Exchange Commission. (AP Photo/David Zalubowski, File)

Tesla announces plans to sell up to $5B in new stock shares

Sep. 1, 2020 5:10 PM EDT

DETROIT (AP) — A day after its 5-for-1 stock split took effect, Tesla announced plans Tuesday to sell up to $5 billion worth of common shares. The electric car and solar panel maker said in a filing with securities regulators that it intends to sell up to 10.03 million shares and use the proceeds for...

UPS, Apache rise; Yum China, Citigroup fall

Jul. 30, 2020 4:25 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Apache Corp., up $2.36 to $16.01. The energy company said it's made a major oil discovery off the coast of Suriname in South America. Citigroup Inc., down $1.65 to $50.87. Financial services stocks were broadly lower as bond...