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Citigroup Reports Higher Earnings — 4th Update


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By Orla McCaffrey
Citigroup Inc. is shutting down most of its consumer-banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business.
The bank on Thursday also reported a sharply higher first-quarter profit, though that was largely because its year-ago results were hammered by pandemic preparations. Citigroup posted a profit of $7.9 billion, or $3.62 a share, well above the $2.60 a share forecast by analysts polled by FactSet. A year earlier, Citigroup had reported a quarterly profit of about $2.5 billion, or $1.05 a share.
The New York bank also said it would exit its consumer operations in 13 countries, mostly across Asia, to focus on wealth management and other businesses. ....

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Cano Health Announces the Formation of its Board of Directors


Cano Health Announces the Formation of its Board of Directors
Newly-formed Board of Directors comprised of a diverse bench of experts to drive Company s growth
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MIAMI, March 15, 2021 /PRNewswire/  Cano Health (the Company ), a leading value-based primary care delivery platform for seniors, today announced the formation of its Board of Directors, consisting of seasoned professionals from across the health care, technology and financial sectors.
Upon the closing of the business combination with Jaws Acquisition Corp. (NYSE: JWS), the members of the Board of Directors will include Dr. Marlow Hernandez, Founder and CEO of Cano Health, alongside Elliot Cooperstone, Dr. Lewis Gold, Jacqueline Guichelaar, Angel Morales, Dr. Alan Muney, Kim Rivera, Barry Sternlicht, and Solomon Trujillo. Dr. Marlow Hernandez will serve as Chairman of the Board. ....

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