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Global banks have cut 30,000 jobs this year. It’s a sign the banking crisis is only getting worse.

Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.

Deutsche Bank and Wall Street banks reportedly just gave Congress thousands of documents related to Russians with possible ties to Trump

Investigators are looking into whether there was potential foreign influence on Trump and his family, The Wall Street Journal reported.
Michael Corbat, left, CEO of Citigroup.

Citigroup is reportedly cutting hundreds of jobs this year — another sign the slump in trading is here to stay

“This won’t be the last trading-related job cuts story,” an analyst told Bloomberg.

A division of Citigroup hired 3 criminals because of lax background checks

"FINRA member firms must live up to their responsibility as a gatekeeper protecting investors from bad actors," a regulatory official said.
Michael Corbat, CEO of Citigroup.

Citi leads a rally in bank stocks after beating Wall Street earnings estimates

Both revenue and earnings per share outperformed consensus analyst expectations, which lifted shares industry-wide.
People sit outside the New York Stock Exchange (NYSE) in New York City, U.S., September 15, 2016.

Major US banks are the big winners as Deutsche Bank’s business gets a massive shake-up

Market share for both trading and investment banking has already been shifting towards US banks over the past few years, Credit Suisse says.

Stock markets are shrinking

The US stock market has de-equitised, a fancy term that basically means companies are buying more shares than they are issuing, every year since 2011.
Michael Corbat, CEO of Citigroup, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson

Citi beats, but equity trading misses the mark

Citigroup on Monday is announcing earnings results from the first quarter.

A major overhaul is underway at Citi’s highest ranks as bank president Jamie Forese announces his retirement

Citi President Jamie Forese is retiring, and other execs are either leaving or taking on new roles, according to a memo from CEO Michael Corbat.