Hints and tips:
...It’s true that Fraser really does seem to be willing to make some dramatic moves....
...Citigroup, meanwhile, appears to be reverting to the mean after Fraser’s groundbreaking appointment....
...Jet spending for chief executives at S&P 500 companies increased to $41.3mn in 2022 (the most recent full year available), up 22 per cent from the year before and the highest amount in at least 10 years,...
...They mostly track the big indices such as the S&P 500 and the Nasdaq 100, and the industry is nearing $10tn in assets under management....
...Likewise, S&P Global Mobility surveys suggest stable EV loyalty, measured as the share of EV owners whose next car was an EV, especially for Teslas....
...Citi’s share price fell 25 per cent in 2022, underperforming the benchmark S&P 500 index, which fell 19 per cent....
...Bank of America’s Brian Moynihan sold $1.9mn before becoming chief executive but none since; Citi chief executive Jane Fraser has also not sold since taking the top job....
...I’m rooting for Jane Fraser, Citigroup’s chief executive....
...Senior executives from Goldman Sachs, JPMorgan and other global banks to speak at the Goldman financial services conference in New York Brazil: Q3 GDP figures EU, France, Germany, Italy, Japan, UK, US: S&P...
...Any premium Scotland has to pay will partly be influenced by the credit rating it is assigned by firms such as S&P, Moody’s and Fitch....
...Online electrical retailer AO World, which recently forged a strategic partnership with Mike Ashley’s Frasers Group, will report full-year results....
...When asked if Citi was interested in buying First Republic, Fraser, though, said no. “There are pockets of problems,” said Fraser....
...Rating agencies Fitch and S&P have cut SBB’s bond to junk status over concerns about its substantial short-term debt....
...Today, food provides twice the sales, according to data from S&P Capital....
...In February 2022, Fraser Perring’s Viceroy Research announced it was shorting the stock, describing SBB as a “debt-fuelled roll-up of rent-controlled assets”....
...S&P Global’s US composite purchasing managers’ index was the trigger for the sell-off....
...Monday France, Germany, Italy, Japan, UK, US: S&P Global/Cips/HCOB manufacturing and services purchasing managers’ index (PMI) data Germany: monthly retail sales figures Results: Cranswick Q1 trading...
...Shares closed almost 0.7 per cent higher on Friday, outperforming a 2.4 per cent decline for the S&P 500....
...Citigroup chief executive Jane Fraser is expected to attend the meeting in person, as is Goldman Sachs’s David Solomon, the people said....
...The S&P 500 finished 0.9 per cent lower on Friday, taking its losses for the year to 17 per cent....
...Citigroup slid more than 21 per cent this year until the market close on Monday, underperforming the average financial sector stock in the S&P 500 index, which was down 16 per cent over the same period....
...The investigation was commissioned by the board in October after the allegations by Fraser Perring-led Viceroy Research....
...“There are three R words right now: It’s Russia, it’s recession and it’s [interest] rates,” said Citigroup CEO Jane Fraser....
...In today’s newsletter: Amundi’s private equity Ponzi theory Segantii’s rise to block trade fame Asoka Wöhrmann’s exit from DWS The trouble with throwing out the P-word Is it bad that a top executive...
...The blue-chip S&P 500 finished 0.6 per cent higher in New York, marking a new closing record level....
International Edition