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Major Restructuring Seeks to Restore Citigroup's Competitiveness Among US Banking Elite

Citigroup, a leading global bank and one of the top US financial institutions, has undergone drastic restructuring over the past few months to stem its losses. While its dismal recent results are partly attributable to one-off charges, organisational issues impacting its profitability led its leadership to simplify its operating model. ....

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NYCB Jumps as CEO, Board Buy Shares After $4 Billion Selloff

NYCB Jumps as CEO, Board Buy Shares After $4 Billion Selloff
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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NYCB Jumps as CEO, Board Buy Shares After $4 Billion Selloff

(Bloomberg) New York Community Bancorp soared on Friday after its chief executive officer and other insiders bought more than 200,000 shares of the stock, which has lost about half its value since last week’s shock announcement of a dividend cut and larger loan-loss provisions.Most Read from BloombergTrump’s NATO Remark Sparks Political Storm in World CapitalsGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in California Helicopter CrashPentagon Chief ....

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