31 Burst results for "Citibank"
Latest from the Stock Market
"I'm Melissa Leo Best Carter Worth Tim Seymour's Karen fighter men and guide dominated Tommy. The countdown is on its apple's big event tomorrow. Will it be enough to convince enthusiasts the world over to trade up in the middle of trade war also ahead activists investor. Elliott management taking a three billion dollar stake in at and T. A. Saying ix nay on the bank they see a sixty percents upside potential traitors take a second look and Boeing pausing using stress tests on its new triple. Seven after issue is discovered. We've got the details ahead. We begin with the Big Bang breakout on the day. The S. and P. Five hundred ended in the red checkout. He's he's moves from City Bank. America Wells Fargo David Morgan all firmly in the green for wait a minute. It was just a few days ago. The racer plunging yield curves inverting cats and dogs living together together and now look so the banks turned a big corner guy this desk by the way cats and dogs living together guy who's not sorry sorry who had a cat or a dog. I guess well how good question to answer on TV well. Let's go to the marketplace Sultana think they've turned the corner at all but what happened is everything got a little ahead of itself and it's not like we haven't talked about this. We're not saying this in a vacuum. Go back Tuesday. I think before Memorial Day we actually power-pitch some of the banks specifically it was city saying that you know what boring markets slow week into a holiday markets probably GONNA rally the toto's probably gotten and ahead of itself when city trades that discount to tangible book historically over the last couple of years. It's been a buy and that's pretty much what's happening. I mean I don't think again. The landscape has gotten better for the banks. Necessarily just the trading landscape in the short term has so the city have more room yeah probably overshoot seventy two like it undershot to sixty one but I think the the headwinds that they faced still exists today are some rays of sunshine based on what the CFO told the Barclay Financial Services Conference today that they expect growth in the back. AH The year that there are other parts of the business that can offset some of the losses or the softness in sort of the rate sensitive businesses so can you sort of extrapolate that some of the other brings thinking. Maybe things aren't as bad as people thought yeah I think I think that what the price they were trading at before. Two days ago really reflected a lot of things so I don't think I more that a lot of bed extra too much penalties there. I think if you think about where Citibank was trading you know well under ten times earnings a three percent yield. JP Morgan tend to change times earning a three and a half percent yield Bank of America under ten times earnings. I mean that's a lot about news priced in and their business models aren't all interest income right. There's a lot of other income in there as well so I think you know the market just saying Oh the whole book of Big Money Center banks is a giant two year tenure spread it must be going to zero didn't make sense. I'm not selling them here. I think they're still attracted. I'll actually question because we've had one kind of from a market position. Technicals Protective Talk and fundamentals. I'll talk to you the context of the overall market this this could you could make a comparison to the first quarter twenty sixteen when we're worried about global growth and banks essentially got through this period where once we got the sense that recession was off the table banks want on argue a very historic run for them relative to at least the cycle. Citibank's up thirteen percent eight days. It's up close to sixteen percent in sixteen days if you look at the X. L. F. It's basically kept pace with the SNP. Despite all of the things things that have happened to bank so the most important thing that happened today and I hate hyperbole may but I will tell you I think this is one of the most extraordinary trading days of the year that no one's talking about impressive was flat and yet you had banks three percent. You had expertise three and a half percent. You would transfer this is a major day for the march is not about the banks banks right. It's a behavioral thing. Is You look at the one hundred. What was the best performing stock the more beaten down. You were the better your slumber J. Lead. You Got Simon Property. You've got things like I mean in hindsight which is literally down eighty percent. Ge in the top ten so it's it's not a bank story although it is that's part of the story because they matter the most. It's simply dead. Cat bounces and dead cats do bounds but do they really come to life. No they're still dead heartbeat. It was more about deflation isn't as bad as you thought. I'm not going to tell you that deflation because I believe it's there's some stuff as leftover from the crisis but but deflation as it was exemplified and illustrated through bond yields around the world through gold going through the roof through everything else that was related to acid replacing going through the floor. The rally today are asset based their reflationary based and that's very exciting sites the retail these are retails that won't exist at some point in three five seven whether it's an urban outfitters. Tayo Ay and it's again it's it's it wasn't specific the banks the fact that it was craft. Ge tells you it was just an unwinding. If there's two sides here on this side of the desk extraordinary training day or just dead cats that's bouncing to make extraordinary trading day in terms of the move in yield terms everything he pointed out was extraordinary the context of what we've seen but I tend to sort of I I well. It should come as no surprise ten more with Carter Worth. I do think these are bounces within the framework of things that have just been oversold. I mean you mentioned Simon Properties. These go back and look where it bottomed out in April. Two Thousand Eighteen look where recently bought them at so you can understand the bounce slumber. J. has been left for dead. I mean we've talked about it. Seemingly for a year and a half trying at least I have tried to ascertain when the bottom would be unsuccessfully. We've seen moves like this before. This will be so again. I guess the fact that the SNP when he was unchanged today bowls could say what that someone constructive bears could say it should have been up twenty five handles on a day like today the other flipside of what happened today was growth oath at any price which had been where everyone wanted to go no matter what terrible complete reversal names like crowd strike or zoom right just absolutely getting annihilated highlighted today so you're just a rotation is just everything that didn't work now pile into that everything that did work time to bail but the question is exactly. I can't can't be in a crowd strikers in there too expensive. They're expensive. Yes two days ago even down ten percent too expensive for me. I think would momentum goes out. Those kind of names have were down to maybe more it's not. It's not terribly surprising that a crowd strike in company and their ilk are going down. Maybe on a daily today or just not rallying as much what's been interesting. Is that Koogle Amazon anything. That's been defensive relative momentum but actually you know they. They tend to be low momentum. Stocks in in difficult times in the market are under performing to Carter cares rights talk about. I don't know anything changed slumber J. in the last week in fact I think lenders as got some tough times ahead of them but when I look at some of the other parts of the market including the transports that are very real companies that are not going out of business that I don't think they're dead. Cat bounces. I'm not saying the world has gotten better in two days. I'm I'm telling you that it's always about positioning. It's always about where I think. The market momentum is we've got an ECB meeting coming up in a few days it's also going to I think help tell the tale of work. Global yields yields go because I think that the European Union is the one that was dragging global yields down and we know that the machines momentum is on both sides momentum down or some momentum up in if I go and when it flips. It's the you get these levers going on both sides but it doesn't usually last that long. At what point do you think I mean. Would you would take a lot of time and a lot more of this kind of thing. Because we saw the bouncing we saw in the certainly bouncing today. You just need in a lot more than I I agree cars. I don't think anything can you can't say suddenly it's it's all good for all these things that have underperformed for long time but for the last three weeks we've seen the DAX ax outperforming the machine emerging markets outperformed so This isn't a one day phenomenon today. It was a bit of an exclamation point on things that really suffer from deflation all right her neck. Scott says you may WanNa pump the brakes on the banks especially ahead of next week's. Fed Meeting joining us now. Steve chaperone equity strategists portfolio manager at Federated Investors Steve Great Great to see you again. so is it just the banks or is it all of these sectors that were dead cats bouncing Carter. I don't know if I'd do as far as the dead cat I. I'm somewhere in between I think Carter and Tim here and what I mean by that is it's very enticing when you look at the move in the banks today and you put it in the overall context then that context has rate rates bottom two weeks you go and have moved higher. The city surprise index bounced into positive territory week ago and value in general has moved up so there's an inclination to want US okay this is. This is the move in the value cyclicals that we've been waiting for. I think you need a little bit of confirmation on that. I think you need see what the Fed does in a week. I think they need to deliver against market expectations I think. ECB similarly has to at least provide some some delivering. I think this meeting is not as important as the one that comes in November when Christine lagarde takes over but move the ball forward and then I think you need the data that continue to come in strongly. If what we're talking about is a global reflation trade because the stimulus that's been put in the system helps the economy to move in the in the back half of the year. That's incredibly bullish and so I'm enticed by it but I'm not willing to kind of jump all in on it just yet so how are you. How are you positioned in the market right now. It sounds like like your you want to see how the data plays out. It sounds like you think I mean the federal probably cut twenty-five deliver on something that's sort of in the expected realm the the data is a little bit of a question mark at this point. So what do you do you think about the market right now is really a battle between the P and the right the P. should be higher. We've taken the discount outrage for stocks and we've cut it in half the only reason why the market isn't higher is because the market's concerned about recession and so they're worried about that e part so I think what it really comes comes down to is how our earnings gonNA come through and that's why trade matters. That's why Hong Kong brexit matters our view. Is that our base case. Scenarios earnings are going to be okay. They're going to be flat right to slightly up. You're going to get a revaluation higher because of those lower yields and that's where you play out over the next six to twelve months however over the course of the next month or so. I WANNA WANNA see how that goes. I want to see how the Fed goes. I WANNA see how earning season so when we were here earlier in the year we were eight percent overweight.
Hong Kong police fire tear gas at protesters
"Morning. The big story of the morning half a world away in the streets of Hong Kong. Police fired tear gas and used rubber bullets. I am reading from a Wall Street Journal piece that published an hour ago. Police fired tear gas and used rubber bullets on protesters in Hong Kong in attempt to drive away thousands of demonstrators blocked roads and forced the closure of the city's legislature before lawmakers could debate controversial extradition. Bill protesters. Many them quite goggles, face mask and helmet. Fled to different eras running through plumes of smoke. Some hold objects at police further back from the barricades protesters rapidly, ferried umbrellas gloves bottles of water, and sodium, chloride a treat injury from pepper spray through the crowd to the front police said in a press briefing that some protesters, her weapons such as metal barriers and bricks at the. Observe leaving them with no choice but to contain the crowd with rubber bullets serious. Baton pepper spray, and beanbag gun trouble erupted, midafternoon Wednesday, which was early this morning in the United States, when hundreds of protesters attempted to push barricades towards the city harbor then retreated under a bridge after police deployed, tear gas against them. Earlier crowds, but mostly young people, some dressed in black wearing face masks, drag metal barriers linked arms across the protests and surrounding government headquarters in scenes, reminiscent of the Seventy-nine day protests that paralyzed parts of downtown Hong Kong, twenty fourteen all access roads leading the central government office, which house the legislature, where blocked the government's statement. Some financial services were also disrupted HSBC holding PLC close to banking service outlets in the admiralty area, other banks, including standard. Chartered Bank, Bank of East Asia LTd, China's CitiBank temporarily suspended operations debate on this extradition. Bill was postponed earlier Wednesday lawmakers have been due to start to bait on the Bill. So that could be held by the evening of June twentieth in an unusual move the president of Hong Kong's, mostly pro government legislature. Andrew lung scheduled extra sessions for the Bill to proceed more quickly than usual. Nancy Pelosi of all people offered. Support for the protesters saying the proposed lie. Imperils US, Hong Kong relations, if it pass it the choice has no, the US has no choice but to reassess whether Hong Kong sufficiently, autonomous under the one country, two systems, framework. These protests, followed a massive demonstration on Sunday. A million people marched against this legislation that do not want Hong Kong sent to the mainland and not want citizens of Hong Hong sent to the mainland for the purposes of trial. It's China things blow up quickly and the New York Times again reporting on the same thing protesters. Threw bricks bottles umbrellas at riot guard police deploy tear gas police chief tilt protesters leave you regret it. You might regret your decision for your entire life, thinly veiled reference at Tiananmen Square. They're small businesses. Appointed protesters major firms or staying quiet. The opposition's getting angrier and bigger critics say that the Bill places anyone at risk of facing trial in the mainland, and they don't like that. They know it's a
Infineon Technologies, Cypress Semiconductor And Citibank discussed on 10 10 WINS 24 Hour News
"Growth Infineon Technologies agreeing device cypress semiconductor for eight point seven billion dollars. Citibank says the combined company will rank among the world's top ten
"citibank" Discussed on 10 10 WINS
"And the CitiBank George is doing fine. I'm Jeff Jensen. Our next report at four zero one on ten ten wins. Now the weather four day forecast. Meteorologist Carl babinski with this live report under cloudy sky on this Friday morning, we're currently fifty two and we'll be around fifty daybreak and for the balance of this Friday. A lot of clouds will prevail. We haven't seen any evidence of drizzle fog the past couple of hours, but I wouldn't rule out some of this materializing prior to daybreak much of the time today cloudy and in the upper fifties. That's almost twenty degrees lower than yesterday, at least in midtown. Shower or will be popping up later on today. And there'll be a few of them around tonight and early Saturday Saturday afternoon, though, I think the sun will be popping out and with that will reach the low seventies will be cooler along the coast and a bit warmer farther inland this he just to the second half of the weekend. Which doesn't look nearly as nice it. Looks like cloud up tomorrow night, followed by rain late net. Rain will occur on and off Sunday with highs only in the mid fifties. But warm up again early next week right now, we're cloudy, and it's fifty two relative humidity. Eighty three percent the air com. Cloudy, fifty two we're headed down to fifty in midtown Almac you with meteorologist Levinsky on New York's weather station. Ten John win wins. News time three fifty four. The chairman of transportation committee says he'll get the new rail tunnel built between New Jersey and New York. Even if it takes legislative maneuvering, Oregon democrat Peter facia spoke at Penn station as he and several committee members prepared to tour the one hundred and nine year old Hudson river tunnel and other rail infrastructure, Fresno. And Trump refuses to help fund the thirteen billion dollar gateway tunnel project, which has also been awaiting final environmental approval for more than a year. Now that is much longer.
Big US bank CEOs grilled on Capitol Hill: What does it mean for the markets?
"We start off with the banks near their judgment day. The CEOs of the big banks revived me a grilling on the hill as they Europe earnings at the end of the week. JP Morgan will kick things off on Friday. It is the worst performing of the big banks. So far this year up elite percents CitiGroup. Goldman Sachs Morgan Stanley. They're all up double digits. Of course, the sector has been mostly dead money for the last year. So we'll miss quarter's earnings be the catalyst to set the financials on fire guy. Well, I think the question is. Yes, I just don't see it happening. I for the life, man. I don't understand. How all of a sudden you get this reacceleration and earnings for the banks and they're going to be off to the races. Now. I think earnings it'd be okay earnings have been fine J P Morgan Cernan, quite frankly, have been very good. But what's already priced in? When you're getting towards one point eight times price to tangible book in terms of J P Morgan I said, maybe it's just a tad ahead of itself. Yes. S up the fallen question. Why CitiBank trading effectively tangible book, why is toy shop Bank in Europe? Despite this whole Commerce Bank thing continue to go down. I still think the banking woes in Europe at a certain point manifest themselves. Here resident Bank bullet, he's got another reason guided to to really be angry with the fed. It's look it's negative interest rates that I think are killing the global central banks. It's certainly killing the European banks and for someone that's been constructive longevity. Morgan, I'm won- CitiBank. I'm long Bank of America. And I can be long with those valuations with a capital deployment approach now that I think is actually investor-friendly. With a balance sheet that's fantastic with a business model that I think is conservative and not reckless. And so, but is there going to be anything extraordinary in? This course numbers. No. And in fact, I think you're gonna see downward tick in terms of their net interest margins. You can see downward ticket sales and trading. You're gonna see a downward tick probably in mortgage origination. But nonetheless, JP Morgan continues to print record profits record profits. You brought up a good point that they're they're, you know, there's nothing special about the Bank threatening to their kind of safety type of thing. They're utilities. That's affectively. What they become as utilities, so they should trade at one times book. So if you look at the ones that aren't trading at one times book, it's J P Morgan the ones that are. It's a CitiBank CitiBank might even be a little bit below that. So that's probably why it's up more than the others are one of the leaders this year, the only thing in my view that is going to change this. If you get a steeper yield curve, and that can happen to as the economy accelerates, which it doesn't look like it's necessarily gonna do or the fed decides to steepen the yield curve by with their balance sheet. So to me, that's the bet your. Making if you're buying banks right now, here's absolutely nothing. That excites me about the banks right now. It's really really difficult for them to make money with either a flat or an inverted yield curve. We do own J P Morgan. I think JP Morgan's best to breed. There are oh we is really head and shoulders above the rest of their peers, and you get some good revenue. Diversity diversification from them in the AM revenues that they're collecting as well as the investment banking fees as well as talking to Mike mayo this morning on talk box. For the first time. He's that. He's bullish all five banks that he covers all the five major.
Who should take the hit when identity theft occurs?
"I live in Berkeley, California. It's a peaceful place for an American city in twenty years. I've never so much notice the police station never occurred to me that I even needed to know where it was. Yes. Zoe. But now here I am inside the place surrounded by cinder block walls, in pictures of legendary police officers in across the table from me, there's a living legend officer Joe do. So I'm going to tell you what happened to me. Okay. And why I'm here so beginning last year, we started to get calls at eight in the morning from CitiGroup big back. And I was getting the kids out the door for breakfast in the phone ring. And this happened ten times twenty times three times fifty times. I mean, it was just like harassment, and they said, I the money, and it was absolutely bizarre. Because I didn't never any any business with CitiGroup. I mean, no credit cards. No, nothing. But he said we had like fifteen thousand dollars of outstanding loans. I just wanna say that again. So you hear it city group said I owed them fifteen thousand dollars. And so Finally, I said look quit calling us just driving crazy in the mornings, and whatever they stop. Calling. Okay. The next thing. That happens is I got a note from American Express saying my credit score has collapsed because I have Wellstone a debt to city group. So American Express call me and says we're gonna put a limit on your account because you're like, oh, scores declined. And I call them and said, well, how's this happen at a, you know, this a credit aggregate name experien- has sent a report saying you've got some bad debts. I didn't even know what experience was or what it did as it turns out there a bunch of companies that make their money by gathering up, whatever anyone Bank or credit card company has to say about you. And then spreading the word to the others. So that if one Bank thinks you owe them money all the others. See you as a problem? Experience one of those companies and odd become one of those problems someone claiming to be me opening a credit card account with CitiBank in Sioux Falls, South Dakota. And he gave as his address street in Miami. But it's a street that doesn't even exist credit. Limit was fifteen thousand somehow he managed to borrow sixteen thousand four hundred and six dollars and repaint. None of it fifteen thousand four hundred and six dollars when I called experience to say how come you have this on my credit report? They said, well, we can't do anything about it to city group said you of this money. So I called city and city roof said they didn't know who I was and at no record of my social security number. We was just a mass. I was I was in stuck in on hold for hours. And they gave me no joy. I mean, no joy at all. Finally, experien- tells me that I need to file an identity theft comp-. Plate with the FTC the Federal Trade Commission, which I did. And they said I had to go come to the police station and file report for them to take seriously my claim that my entity had been stolen. So to summarize myself, just they're a big New York Bank hands fifteen sixteen grand to someone pretending to be me. Michael Lewis, then some credit agency broadcasts, a total. I about my behavior. And now I need to drive down to my local police station and bother a local cop. So that's why I'm here. I wanna file a police report for identity theft. And I wanna ask you a couple of questions about before. I do it. The first is how often do you all have people filing identity reports with the police very frequently. Also, it's not this is not where it's not completing common owner. But that isn't the question. I most wanted an answer to I'd been doing another question for so long. It's almost hard to put it into words. I mean, just as a lot. Horseman officer. Does it not strike you as strange that? I've never had any do with either one of these parties, and they wrote me into this. And and it's my problem. All of a sudden, it seems to me that CitiGroup should be filing some sort of complaint with the police, not me, and I shouldn't have to deal with this at all. It's very odd that its frame this way, the whole notion of identity theft noticed I'm still me for the first time officer la- do is looking a little dubiously. Like, I'm crossing some wine. Like, I'm gonna start asking him for his opinions about animal rights or about the local native American burial ground, somehow wound up under the parking lot of a fish restaurant cups. Don't control the rules of the game. They just enforce them. The very idea that I should have to spend a minute having to deal with this seems just a little odd. I mean, if you take it out of the financial sector, and you say I managed to persuade Zoe that I'm Audrey in. I get her lemme ten grand. Arteries, my producer on this episode Zoe is my associate producer. They're here at the station with me recording just standing there in their headphones. Expressionless dead. I'd. Is always not gonna have any ability to disrupt my life or get me. I mean, it's an odd thing that the financial system has now put this sort of strain on police resources. It seems to me. So let me put it as a question. If people are coming in filings reports taking your time and all the rest is never struck. You that seem to little crazy to have the police in the middle of this to answer it. It's interesting in the fact that it's a different type of victimization, right? I don't think of myself as a victim. But if you want me to be one, I want you to be. But it turns out I have to be the victim. At least if I want him to file his report, if I'm not a victim that I'm to blame for whatever fake Michael Lewis has been doing at his fake address. Here's the funny thing I feel victimized not by whoever that guy dude wasn't Miami. But by city Rupe like they present themselves as someone who has been victimized by essentially, my of inability to prevent anybody from stealing my identity. But really if they'd never done the dopey thing in the first place, we wouldn't even be here. And that's the thing that that kinda gets under my skin is that the financial sector has figured out a way to shift the burden of this problem onto people who have nothing to do with the problem. Let me get you a casing, right? I've never had a case number. Can you put me on the boarding generate numbers for thirty five to nineteen? Numbers me talk. Just like another language. Six zero one six. Thank you. Like, I. So I'm gonna give you a business karma the case number and also many give you a victim of identity theft family. I already said this, but I'm the real Michael Lewis, and this is against the rules a show about the decline of the human referee in American life, and what that's doing to our idea of
What the Dow coming close to a death cross means
"One of the most feared technical indicators rearing its head the tenure yield officially entering into the dreaded death cross. That's when the fifty day moving average falls below the two hundred eight moving average. So are we about to see a fallout in rates beakers? No, I don't think. So first of all the death cross. I yeah, I'm doing it. And I'm beating to death because it doesn't work if it works. None of us would be sitting here betrayed them. The death cross all day long. So number one. It does work number two. The fed has already told you they do not wanna flat yield curve. So if you think about the way that they're going to structure their balance sheet over twenty nine thousand nine they wanna steep, you'll Kurth they already told you that they want to do a thing called reverse operation twist where they end up buying these short end of the curve and selling out the long occurred yield curve steepening yields are going higher on the ten year. Well, except for that the fed I don't think controls the long end of the do what their balance sheet. Well, except for the fact that if the market is taking a long rates down as much as that might imply. No, you don't believe in in. Death cross the Fed's not going to be able to be as aggressive on their balancing as they wanna be. So it's a it's a reverse. Oh, so they sell off the long end. And they by the shore that and then you have US government, issuing tenure? You got a ton of supply on the ten year. That's if they're selling off their balance sheet. I mean the way I look at it as they can't be as aggressive in terms of. But they take whatever they sell off on the long end. They buy on the on the short. It's like upper it's reverse operation tryst rock. That's what it is. It's remember in the top gun when when maverick explains I was looking at the MiG. But he was inverted. That's what that whole thing. That was inverted. Pick your clothes for missiles on which into guns. Fantastic at any rate. I would say this in order for me in order for the yield club. Not to invert. They're going to have to lower rates in the front end. And then ain't happening because the back end I think continues to lower. So I think I'm in Tim's camp and think that the curve actually will invert and will happen soon following rates and potentially inverted yield curve. Just another headwind for financial CitiGroup. Shares though up after a rough year the big Bank now embracing activists value act capital, giving the firm more access to its books and board of directors the to entering into what it is called an information sharing and engagement agreement which will allow for deeper level of engagement and cooperation so what can make CitiGroup rally, what should value try and do in your view, in my opinion, cities got to come clean. I'm not suggesting they're not, but they got to come clean with every European exposure they have and put it out there for the market understand. Because I think the reason why CitiBank is trading below tangible book value is a concerns with what they have in Europe. And that's and that's stems. For me with all the problems at Deutsche Bank.
Worst passwords list is out
"I love, you admin football monkey and password one. And I'm also sad to report that the password sixty nine sixty nine sixty nine hasn't made to listens. Twenty fourteen. Stop ready. Stop being so mature American. I mean, come on. How dumb do you gotta be to use your oh wasn't Leon Panetta who got hacked because his password was password. I mean, here's the deal. Let's let's be real. There are so many sites that we all need passwords for and it's very hard to remember every single password. And by the way, I'm the worst. I said I'll give an example, I set up an account for CitiBank on Saturday night. I wanted to get one of those cards are the Costco city card. No, I do not know. But okay, they used to take American Express. And now, they only take a visa MasterCard. And no American Express. And if you get the city Cosco card, then you you
Markets bounce back; Chinese exports jump; Bank earnings
"Was strong. Both at home and abroad exports rose fourteen point five percent higher than the forecast of eight point two percent imports up fourteen point three percent now China's trade surplus was thirty two billion dollars. But with the United States, it widened to a record thirty four point one billion economists still expect exports to slow, but they've been strong all year in Hong Kong. I'm Bryan Curtis. Bloomberg daybreak. All right, Brian. Thank you. Bye US futures gain Wall Street is looking to earnings from J P, Morgan Citi group and Wells Fargo to shape sentiment today. We get a preview from Bloomberg's Ramy Inocencio for the third quarter. Analysts seem to agree that you shouldn't hold your breath. Not much is expected in terms of any fireworks. There may be some interesting lines about better cost control, but revenue just isn't expected to make major headlines revenue for J P Morgan and CitiBank are expected to rise for city card. Revenue growth will be in focus, but for Wells Fargo revenues expected to fall by two percent. And it's really going to be about executing. On core costs skulls Ramey delivered. His New York takes Remy. Equities in Europe are staging attempted recovery with the stock six hundred up a third of one percent. The sectors posted yesterday's biggest losses are leading the way. Today industries like autos technology and mining still this is just the first gain for European equities in three days with stocks still headed for their worst week since March Italy remains in focus at the parliament voting in favor of the populist governments fiscal plan that sets up a showdown next week when Italy's budget is doing Brussels John Rowe is head of multi asset funds at a legal and general in London. This is the crucial moment we've been waiting for in the talent situation. So they will always going to put in numbers that we're going to rile the EU, and we were going to get the standoff were to some degree the Italians need to cave to some pressure which. It'd be a good outcome from all showing that the checks and balances work or you got to kind of playing chicken with city knowing it's too big to be allowed to fail at the same time the EU needing credible threats to keep spending under control, and Reuters reports the European Central Bank will not come to Italy's rescue effort either government or banking system ran out of cash unless Italy first secure as a bailout from the EU, and it's stock sold off this week. Hedge funds have
"citibank" Discussed on WDRC
"That they're going after it's also, the? Second amendment you see companies like like CitiBank will only let the credit card You? Purchased a gun. With their credit, card, if you go through Citibank's, background check you know they they're. Not banks, are, not lending. Money to to gun manufacturers what's what's, going, on here is a liberal had been defeated thoroughly in the supreme court and they've been defeated thoroughly in congress in, in in, our they've been at the voting booth the American people have spoken, and they. Rejected liberalism so what are. They doing now, they're legislating, corporations I really preferred Larry I preferred the, days I I. Let anybody on the show I say naysayers, go first so if you, agree with you go I I prefer that approach and I really preferred the. Approach of all, American business back in the day where they'd say you know if you're a Republican. You to, buy tires for my. Tire shop go ahead, we'll sell tires. To Republicans Democrats liberals conservatives you know as long. As you're a law abiding. Citizen we don't care and now we've started to see corporations used As political weapons you know to, in, in in aid, of trying to push society a particular direction I liked it. When companies rag nasty if you ran a diner and somebody wanted to sit down and, eat a plate of food he didn't care what their politics, were now if their behavior was. Obnoxious you kick them out for that but you. Kick them out whether they were? A liberal or. Conservative but now, we're, starting to see people say, I'm going to transmit my political. Messages or, I'm, going to. Impede somebody else's political messages by telling, them, I will not do business with you and when you're the biggest game in town like Facebook like Google like apple, you know, the FANG Facebook apple net flicks in Google you can you can, get away. With it and and I. Think Americans should, as even, liberal Americans should be disturbed by this because, they should understand. It can work the other way as well Oh absolutely absolutely what, liberals will lose their mind if if a Baker won't bake a cake Yup right. So so it only works one way. For liberals and here's the thing it is so clearly against conservatives I kid I actually look, and try to find a story of. A, democrat or liberal or democratic, socialist being censored and complaining and. Larry I'll tell you our own personal experience we have a Facebook, page the LARs Larson show it has over, one hundred thousand followers and we have users who say I can't share the story some of them get blocked others do.
British PM Theresa May facing potential pincer movement on Brexit
"Start your day let's get a check of the top headlines now with that christine harvey the editor who is live with us out of dubai this morning christine greats have you with us as always let's kick it off with brexit because theresa may's woes they are continuing as she's facing fresh attacks from four former ministers boris johnson and david davis plus this call for a fresh referendum talk us through all of the details here jeeze well there is so much to unpack as they're usually seems to be on a monday morning when it comes to brexit or just all the time general really so there's three things that are really focusing on here today and i guess that would be as you said some of the calls that we're seeing out there at a trails written over the weekend from boris johnson and david davis attacking that softer brexit policy that theresa may's out there touting but theresa may was out in the papers on sunday she spoke to the bbc's she spoke to some of the other papers basically saying that her plan is the only way forward when it comes to brexit and she was really encouraging britain's out there to just get behind the plan or face risking no brexit at all if they choose to act out and vote against her current plan in parliament we will get a sense of where she stands where the uk government stands on this softer stance on brexit this week when bills on a post brexit trade agreement and customs union returned to the house of commons the third the third thing really is that we're going to see theresa may speak to the farnborough airshow today she's expected to talk about brexit say that her plan will create jobs for the industry and she's also expected to announce some investment so those are some key things shaping up the votes that we see in the house of commons this week are really what's going to be crucial going forward for theresa may to get back to farm farnborough christine we we see typically a lot of contracts published here deals announced sales especially any news so far yeah so it's shaping up to be a big week for farnborough is one might expect out airbus seems to so far be dominating the headlines we got some reports of the weekend that it's close to a deal with air asia for twenty three billion dollars worth of planes also in final talks with jet blue about some orders and it confirmed that it's also security deal with taiwanese startup airlines star lux and so this gets the industry events off to a busy start remember this is when we see airbus and boeing usually go toe to toe for major deals in the industry is so it will be interesting to see what both of those companies are able to come away with especially as they're in a competitive environment these days also today we are expected to see the uk unveiled plans for a fighter jet that would compete with models being developed by france and germany this has been a topic of contention for airbus who was involved in the deal but may be adding more so that will be of interest as well there's going to be a lot that's going on yeah absolutely a lot that's going on and as you say that fighter jets is going to be interesting an interesting one to watch will the u k kind of go it alone in these brexit times we also need to talk about earning season us investors they're going to be focusing in on bank earnings once again this week this off today p morgan and citibank's slipped out on friday or they they came out on friday what are we expecting well when it comes to bank earnings there's there's so much that you can really focus.
Amazon, Mcdonald and Bloomberg discussed on Jon Marks and Ike Reese
"Hundred the bloomberg wbz wbz 'em chicago index is up about a tenth of a percent morningstar shares leading gains there now investors were not impressed with the earnings reports they've been waiting to see from big banks j p morgan chase wells fargo and citibank's all three are losing ground bank shares are falling not because according to one strategists they're doing poorly but because investors were expecting fireworks and didn't get them the nasdaq just barely crawled into positive territory networking shares are dragging the average after some reports that amazon might be ready to muscle in on that sector next mcdonald's shares are lower by less than one percent about a quarter percent now as it deals with an outbreak of foodborne illness the cyclospora parasite apparently for mcdonalds salads made.
Starbucks and McDonald’s plastic straw removal will go down well with millennials
"This will be the last straw for starbucks the company is phasing out plastic straws blow within the next two years plastic straws and plastic waste in general come under farrah's each year so the company will start using alternative materials straws and recyclable strollers lids instead mcdonald's had said last month it would start rolling out paper straws in the uk and ireland to phase out plastic ones there by next year city group backed out of all but six us cities enclosed a third of its branches after the financial crisis some ten years ago while its major rivals grew deposits so now citibank is looking to draw.
"citibank" Discussed on The Tom Leykis Show
"To some of my money from one place to another so i just gave myself like a sixty five hundred dollars a year raise 'cause like that so i talk about this with you because like i said i can be obsessive about this i'm a numbers freak and i can understand why people just say oh whatever whatever whatever whatever you know but it really does this is something that really does matter and you know what the less money you make the more important it is don't tell me well you're rich i see why you worry about it but why should i care about you know why the less you have the more you need every penny you can hold onto nine one three thousand tom that is our telephone number did you know that the big banks are fucking you they are fucking you and this is one of the ways that is not obvious to the average person you know you stick with bank of america you stick with wells fargo you stick with chase you stick with citibank because you've got there beautiful colorful atm card and they seem to have a branch every block and a half by the way you know how you can use your city card your citibank debit card in any seven eleven you know what's so can i and i'm not with citibank you know there are other ways to do that you do not need to be with a big bank so i thought it might be interesting to talk about this because seriously speaking i really think that millions of americans are getting robbed robbed because they don't know how much interest there bank pays or they've never asked about were they just assume that they're not entitled to any interest or maybe you just think i'm obsessed about something stupid okay i'll i'll take on all comers here i know one three thousand tom is our.
"citibank" Discussed on The Tom Leykis Show
"No i told you about the four thousand seventy two dollars and fifty cents i'm going to be getting now vanguard now how much would i be getting on my two hundred and twenty five thousand dollars if i stayed with my let's say i went to your bank got point zero one percent which is i always love to tell you is point zero zero zero one that's the number at represents times two hundred and twenty five thousand and that means i would be getting instead of four thousand seventy two dollars and fifty cents harvey getting twenty two dollars and fifty cents a year in interest on almost a quarter million dollars i so if i was at chase citibank bank of america or the other one i'm free wells fargo instead of thousand plus dollars a year getting twenty two dollars and fifty cents and if i stay with my current bank i beginning ten times as much but how much is that two hundred twenty five dollars a year versus over four thousand dollars a year that's a huge difference and i have to say something else you know things are changing which payment at two you use do you use then mo do you use the pay pal app pay pal owns ben van mobile there's also a pay pal app to use chime or zell or google pay or samsung pay what he uses an app all right the fact is most of us don't need a bank or we don't need a bank for all the services they're trying to sell us essentially we need a place for money to arrive and then we need to send it out somewhere else where we can get real interest why would you leave money in the bank my case it's thousands of dollars difference thousands of dollars and the fact is that there are other ways to shift money around or to get money their debit cards like the one at chime like the one at pay pal there's other ways to do this you don't need the bank in reality the bank is an aggressive marketing machine that's trying to you've seen it when you go in now they want to sell you homeowners insurance at the bank.
The Pepper v. Apple Supreme Court Case Will Decide If Apple's App Store Is a Monopoly
"Spokesman said there have been few incidents and they were handled appropriately vodka trump coming to southern california to raise money for the republicans tallest skyscraper in a very small town presidential historian dr jack pitney of claremont mckenna college telling canucks it's not unusual for a president to rely on popular family members to raise money with the president's popularity low in california overall there's only a little danger when it comes to the evolve brands taking the lead association with wealth and glamour maybe a draw for contributors but it's a turnoff for ordinary voters states here is something kim to marie antoinette but in event like this isn't really about appealing to ordinary voters it's all about the benjamins pitney says vodka has tried to show a softer side of the administration particularly with women's issues which is a major topic in california bob real can't extend seventy newsradio eight it can't acsi us supreme court to consider whether the purchasers of iphone apps can sue apple over allegations it has an illegal monopoly on the sale of the apps the court says it will take a case from the ninth circuits which ruled in january that the buyers could sue apple the lawsuit says that when customers buying up the price includes a thirty percent markup that goes to apple the company had argued that it did not sell the apps but instead acted as an intermediary so there's always issue of how to get people to turn out to vote particularly in primaries well an experiment five california counties mail ballots to all registered voters prior to the june fifth election and they say voter turnout better exceeded numbers compared to the last midterm primary sacramento county assan truck to top forty percent that's up from less than thirty two thousand fourteen napa kelly's turnout was pretty good and though the numbers aren't in yet voter turnouts are believed to be up in san mateo nevada and madeira counties eight twenty ad kanak let's update what's happening good morning big salman just announced a involving citibank one hundred million dollar settlement citibank for fraudulent conduct involving interest rate manipulation that had a big impact on consumers and financial markets around the world the investigation by forty two attorneys general including here in california found that citibank's false rate submissions involving the london interbank offered rate or the library rate affected financial instruments worth trillions of dollars and had a big impact on consumers and global markets since mortgages student loans and other financial products often rely on.
Attorney General Sessions hits out at Philadelphia over 'sanctuary' status
"A federal judge in seattle has again blocked president trump's ban on transgender military service from taking effect komo's jeff pohjola has the latest marcia pacman who is one of four judges that granted a preliminary injunction against the ban on friday upheld her ruling saying the trump administration offered no new arguments or evidence that hadn't already been considered and rejected by the court abc legal analyst royal oakes the court system is saying essentially for sorry mr president but you really haven't made out a case for an emergency that would justify your transgender ban the ruling says the injunction against the transgender ban will remain in effect until the policies worked out through the courts jeff pohjola komo news man police say was behind a domestic violence shooting in south seattle has killed himself around ten this morning a woman called nine one one reporting her ex boyfriend's showed up and started firing gunshots at her house she escaped with minor injuries when police were searching for the gunman someone called police saying they found a body in a nearby greenbelt attorney general jeff sessions using the scripture to defend the practice of separating parents and children at the border is angering some members of the clergy apostle paul and his clear and wise command romans thirteen to obey the laws of the government because god is dying our government he piscopo alien bishop michael curry who spoke at the royal wedding disagrees twelve is very clear it says do not be overcome by evil but overcome evil with good is not good to separate children from their parents ship curry was speaking to church elders in seattle today citibank has agreed to settle a case with washington and forty two other states because of its alleged actions during the financial crisis a decade ago washington attorney general bob ferguson says the bank manipulated the information about a certain type of interest rate thereby getting paid more than it should have the one hundred million dollars settlement will be spread among the forty two states involved this is the third major case settlement of this type stemming from the meltdown president trump will impose tariffs on some chinese goods coming into the united states it's a move drawing next reaction here in the northwest president says trade with china needs to be good for both countries something he says isn't happening right now we're putting tariffs on fifty billion dollars worth of technology.
"citibank" Discussed on WGTK
"For citibank member fdic here's your nine seventy am the answer kentucky ana forecast showers and possibly thunderstorms die with a low fifty four rainfall amounts between one and two inches possible then on sunday cloudy and cooler with showers likely and possibly a thunderstorm in a high fifty eight mostly cloudy on sunday night low thirty five cloudy on monday and a high of only forty eight thanks for listening to intelligent conservative talk nine seventy am the answer america's number one show on pop culture and politics this is the michael medved show and another great day in this greatest nation on god's green earth another great week as we march in extra ably forward toward a climactic and very significant congressional elections coming up in just a matter of months from now the democrats are expecting that they're going to win win win win win that they are going to take over the senate of the united states that's a long shot particularly with the strong at new candidacy to challenge democratic senator in the state of florida with governor rick scott announcing his candidacy today he will be a formidable candidate and deserves to be but aside from the senate the democrats are very confident they will take the twenty four seats they need to take over the house of representatives and install nancy pelosi as speaker house we've covered this before their confidence is a little bit premature it seems to me and even the new york times has recognized that the republicans have actually devised a key new issue that can work to mobilize the republican base to unify people on the right and in the center and to turn back the dreaded blue wave what is the issue the issue is.
citibank and march for our lives
"Only days before the two thousand sixteen election experts say this payment may have violated federal election law banking giant city grew says it will no longer work with retailers who sell firearms to people who haven't passed a background check or younger than twenty one the move takes city make city the first major bank to move to restrict gun sales in the wake of last month's massacre at marjory stoneman douglas high school in parkland florida this comes ahead of saturday's march for our lives protests in washington dc which is expected to see hundreds of thousands of students teachers and others rally for new gun control this is a lie eastman a student survivor of last month's massacre speaking thursday ahead of saturday's march unfortunately i lost two people in my class in six were hit i was on the wrong side of the class and no students should have to cover themselves with the deceased classmate to survive but i was that student we can't only focus on school shootings though urban communities and low income communities have always have always been hit with gun violence forever i lost my uncle due to gun violence in brooklyn fifteen years ago and nothing has changed columbine happened nothing's changed sandy hook happened nothing's changed park wouldn't happen nothing's changed democracy now will be in washington dc with a special four hour broadcast on saturday from noon eastern standard time to four o'clock covering the march for our lives you can go to democracy now.
"citibank" Discussed on KPNW 1120AM Newsradio
"First of all the citibank tank comes as no surprise that started in the obama era where he was urging banks just not do business with gun stores i also happen to own a gun store and it's very hard to get a bank even accept our business which is just asinine we sell a constitutionally protected item and they don't want to do business with us and that that was an era thing now seeing banks like citibank and stuff like that coming out with these policies sadly it's not surprising but we we have to fight back one of the things that we're doing in the firearms community four or five years ago i saw this coming this isn't really new they've been harassing us for years striking are channels doing all sorts of stuff this is a big assault and what we've done is we've gone out and we built an alternative called foal thirty dot com and now if you go and look at that you'll see all the channels that are threatened right now or posting over there and that's what we've had to do to protect ourselves so when youtube inevitably pulls our plug which they will just taking baby steps in that direction we have someplace to go but the ultimate goal alex is you know is to silence us because these corporate giants like facebook and youtube they have a political agenda and they'll tell you they don't they say oh no no no it's it's not a political agenda we don't have a political agenda and we both leagues their total exactly i mean look what look what you did they hire ten thousand moderators from the southern poverty law center alex you and i both know that's a radical far left group that has a political agenda sarin intelligence agency that may be true as well but i do know that there left political activist group and they've passed them with moderating our channels and that's why we're seeing account strike after count strike and all we have to do as accumulate three of them you know this is a youtuber three account strikes and.
"citibank" Discussed on Bloomberg Radio New York
"The fault it's not just not just you know not reinvested moments we vested office it's their networks why to prevent them from playing the bubble trade because if the fund loses money they suffer as well they suffer as well as clawback is not sufficient you need the person to have the sound like you need someone who cooks of food to taste it some cases poison but there are still let's talk about hedge funds for a moment though begets there are still a symmetrical qualities to the way hedge funds are structured in other words if the hedge fund if the hedge fund makes money i as the investor make money yes but the hedge fund itself gets to keep the management fees share of the profits s and the traitor gets paid a percentage yes of those profits hit the hedge funds subsequently loses money it's not like the hedge fund gives me money back man it's not like the traders surrounds money to the hedge fund or to the client many hedge funds have 'clawbacks and then consider the other situation where the hedge fund loses money then they got a weight to recover back to the highwater mark exactly so they are things but the essential attribute the risk attribute is handled by forcing the person to eat his or her own cooking okay so the argument to make is that the risk has been transferred from previously banks spicer he trading desks to hedge fund but that's only really in the securities business yeah thanks for still in the business of making loans exactly the problem has as many bankers have said there's nothing you can nothing riskier you can do the make alone yet at citibank the current chairperson of citibank successor successor i was making one twenty thousand bonuses one of those banks citibank of make a difference was still in situations where.
"citibank" Discussed on AM 870 The Answer
"Loans only this added that carson and i'm a small company route in yolk in comparison to to some of the big big lender so majan imagine what that is and the cfpb his job was to fund themselves by by putting finds out there so you you know the for wells fargo chase and citibank in and i'll think of the chase citibank bank of america i think gmac basically should have put them out of business for as much gazillions of dollars that they paid in fines and the end set so what did this do the to the consumer nothing what did it do for the consumer nothing and made everything bit more expensive all these people are watchdog out there you know hey wells fargo got all these fight fines for opening up extra counts so what i have a couple of wells fargo savings accounts that i didn't know i wanted opened up checking account they added a savings count on it then i changed my check again i had to a different kind of account there the savings and a little bit of money comes out of my account every every month that goes into my savings yeah but i can his transfer back in but it's forcing some saying so what who cares not sought gears so so that that's what they did so the cfpb made everything more expensive and that doesn't include what did the banks and every financial institution this country so let me let me continue with keeping that in mind so so the same move lee andrew english so so as courtray steps down because he wants to run for governor ohio on the way out he said he he promotes leandra english as his lieutenant director and say hey until the rules say that if he's donald tinder director takes over well if he quits if you quit your job you get to a point who takes your position i mean i have people that have have left and i say yet the trainer train replacement before you before you go but you know if if you just up in quit guess what if so hey i.
"citibank" Discussed on Longform Podcast
"In writing shares one chiding that has bank information or anything that falls under the you know bank security act where this this law that requires banks to report suspicious activities to the treasury department uh to an office within the treasury department i mean that's that's exempt you can't get that so um but we do know that the agencies like the dea the fbi national counterterrorism center that they all have access to this massive database of financial records and suspicious activity reports based on bank records and we ended up with some information through aggressive monthslong reporting and uh some pretty damn good sourcing i will say and we found out that citibank you know flag these transactions that they deemed suspicious in the context of the russia us election potential interference they put together some reports they sent it to an office within the treasury and that it made its way to the fbi the fbi's investigating and why they investigating it because there's a you know on a memo line it says to finance election campaign 2016 in these are wire transfers that went all around the world you know an in our story we report that hey there is last year when these wire transfers were sent out it was between august third in september twenty of two thousand sixteen and there's also the russian duma election those taken place you know in september 18th you know people have sort of reacted to that like hey this is theater in russia would never put something you know in a memo line that says to fiveeighth election campaign two thousand sixteen.
"citibank" Discussed on Clark Howard Show
"To get through the roadblocks the your bank is trying to keep you prisoner with a move your money to someone that will treat you better because it's just a fact that the biggest banks in the country want to see you as just a checkbook walking in the door someone that they can charge money too not pay money too and it's up to you it's your money is your choice you know i love credit unions but in recent years you know i've talked a lot about the value of the online banks they have no normal overhead no branch networks and reality is people under forty don't care about branch networks and that's because they're used to doing everything on their phones and going to deal with the human is like why would anybody do that so if you are of that mind regardless of your age and you're still doing business with one of the four giant monsters wells fargo chase citibank bank of america you're wasting money and they're charging you money in so many different ways even if supposedly everything's free there's opportunity cost him what they don't pay you on your savings and the things they don't do for you you can do otherwise if you have a good amount of money you should instead of looking at any of those choices look at moving your money to a brokerage the brokerages specifically your set up to offer great deals two people who move all their quote unquote banking to a brokerage is an example at charles schwab those atm fees of just send a record nationally you never pay and atm fee if you have your checking account schwab.
"citibank" Discussed on WLAC
"Meeting occurs an ended up riding in a bank vault in long island it's like wait a minute i grew up in long island how weird is this it says in the citibank branch on broadway and hick long island that with my parents bank that with the bank i had my first bank account in very branch yes so at that here we go again start doing this nafta taking over yep and i woke the first time i thought it was having all these messages from jesus now i think i'm having on the messages from june main so as to your question the the gospel of judah is the only well you know it's a it's a not get by voters and uh gospel they had been hidden and it's the only gospel that is not the other gospel jesus then hear jesus alone with officials there with a crowd is through the eyes of the apostles right yeah that retelling of what what event what had happened this is all esoteric spiritual information that jesus supposedly imparted to juda including where he came from about the story about the universe about resurrection about thing fat some crazy guy in the desert quitting a made up two thousand years ago and when i when i kept researching it i realized that he was talking about the stars kim syria he was talking that he says away human life began in the star ferry i almost fell off my chair that's a great story i almost fell off my chair and why wonder we didn't so you know they save history is written by the victors and i think the victors where the other apostles who who went ahead and created religion and they created by religion and they got rid of cheese or his family and the interm and i believe that gene was in fact jesus his closest adviser and friend and at some point i'm in tunis judas was the treasurer.
"citibank" Discussed on WTVN
"The citibank branch on broadway and hit phil long island gap with my parents bank that with the bank i had my first bank account in very branch yes so at that here we go again start doing this now state taking over yet and i welcome first time i thought i was having all these messages from jesus now i think i'm having on the messages from june man i ask you a question the the gospel of judith is the only got well you know it's it's enough fiber is evident uh gospel it had been hidden and it's the only gospel that is not the other gospel jesus when here jesus said this though it's a legitimate the fish is there with a crowded through the eyes of the apostles yes we telling of what what event what had happened this is all esoteric spiritual information that jesus supposedly imparted to judaize including where he came from about the stores about the universe about resurrection about things that some crazy guy in the death it couldn't have made up two thousand years ago and when i when i kept researching it and i realize that she was talking about the star system syria he was talking that he federal way human life began in the star system serious i almost fell off my chair that's a great story i almost fell off my chair now why.
"citibank" Discussed on News Talk 1130 WISN
"Is there anywhere in the country that there is that a citibank branch have it they're everywhere bank of america some of these companies you know they've merge flooded other in the takeover the other person's name and so on the largest bank that way what is the number one bank would you say i don't even know what the number one is in southeastern wisconsin terms of deposits i was gonna say bima but then i thought maybe it's us bank i don't even know bima bmo harris is a bank from canada us bank is based in minneapolis you got pnc bank at all of these others that have come through so the associated bank mutual thing on the face of it it looks like one giant wisconsin banks taking over at other giant wisconsin bank in fact associated is merely trying to remain large enough to be able to elbow out the other major banking companies that exist here it wisconsin it does make you wonder what the next shooter drop is going to be do you know by the way the number two largest bank in the state base that the state no societas number one you'll never get it i think most people would not have part of it is there art medi they're just armani big bags having bank mutual hard to imagine that it was the thirdlargest wisconsinbased bank us is johnson bank one base that recede johnson begs number two is johnson now going to buy up somewhat is i know it will there be more of these consolidations that go wanted also oh the larger that associated gets as a regional player and wisconsin does it become a target four an outside company to buy does jp morgan chase you know that's chase bank do they take a look at associated are they now and play when you look at associated bank usual and i thought the story written in these was pretty good so many of the places if you see an associated bank branch there is a bakery which will branch right down the street they even had on head competitors here in the state of wisconsin so what you're going to see here is wise associated with it they're doing it to buy.
"citibank" Discussed on Clark Howard Show
"Uh what bank is doing this oh that us citibank is doing one that will allow you through the phones as is bank of america is rolling out atms that will work through your phone but it will be at least the gate evict the gateway technology to something more secure is your phone is a more secure way anna this is weird some more secure way to pay for things then the plastic card issued by your bank said don't be frightened of it just know the you'll probably get a notice at some point about being able to use your phone and they'll touted as being good news for you and all that it's really just to try to protect vulnerable payment system in your phone with the one time use code is a far more secure way now does bring forward the danger that if you lose your phone and it falls in the wrong hands that a criminal now has the keys to your bank account and that coming full circle ties had eaten even more to what i set up front that having a separate segregated account for your walking around money is a superior idea an often you might wanna do that with one of the online banks no fees with them they can be linked typically for free two days to move money back and forth from your main account at a banker credit union to one of the online fee free banks and that will you've got a safe zone.
"citibank" Discussed on MSNBC Rachel Maddow (audio)
"So as money laundering scams go when the president the the company says yeah i'm doing this to get money out of russia i mean this is the cut right to the punchline right this is a particularly flagrant money laundering scam the guy running ivc told beats the banks where he was opening these bank accounts he told them yeah i know who these companies are yeah i know who is holding these bank accounts but he admitted congressional investigators came calling that he actually didn't know that he couldn't cough up the names of these people in whose names he had done all of this paperwork we don't even know how many people he was acting on behalf of we don't know that at citibank he applied for and received citibank credit cards in the names of fifty different russians all of whom he said lived at his office address in delaware ultimately citibank closed all of its accounts that had to do with this russian money laundering scam another bank that was also implicated in working with them was called the commercial bank of san francisco the response at commercial bank when congressional investigators came calling about all these phantom russian bank accounts they were holding their response was to shut down not just those accounts they shut down their entire international banking division and then the bank very quickly ceased to exist i got sold often dissolved into another bank that congressional report on this flagrant russian money laundering scam was titled you can sit there and the left side of your screen suspicious banking activities possible money laundering by us corporations formed four russian entities it was a report that was created at the request of former senator carl levin came out in october of the year two thousand and this report because what it described were so flagrant it made ibc international business creations and citibank and commercial bank of san francisco it made this scam basically the american poster child for money laundering in the united states the conclusion of the report was this giant red flag for congress telling them how easy it is that's the worthy is easy for foreign individuals and entities to launder money through u s banks.
"citibank" Discussed on WTMJ 620
"Is just an abomination citibank one of the four giant monster megabanks is having to pay one hundred million dollar fine for aiding and abetting money launderers how clark rages laws clarke wages moment so over a fiveyear period citibank look the other way well various bad actors used here it to be able to launder money so if the least you've got gangs and drug dealers embezzlers whoever let's hope no terrors or using the bank is a way to wander now what drives me bonkers is there paying one hundred million dollar fine for not having was those internal controls just looking the other way see no evil kind of thing and they were permitted in spite of the fact the nine billion dollars was laundered nine billion dollars they didn't have to admit any fault i thought we were done with that with the banks and by the way why is no one going to prison so the feds said the answer to that is that once they got caught redhanded that the bank was cooperating okay islami try this i'm gonna go out and i'm going to rob banks undergoing stick him up and then the fbi is going to close in and say we've caught you say well let me tell you everything i did so in this day i went rob this bank in this day i went back bank and i'm being so cooperative okay so we'll drop all charges really that's not happening right so why is it happened the other way you're listening to the clark howard show.
"citibank" Discussed on CNBC's Fast Money
"This is why i want to own citibank whether or not those for reasons come up there they are for all of those reasons i want to own citibank which i do own guy kate fund would be why do you think is under the instance why do you think city is traded it's such a discount prices attendance will book versus a jp morgan or wells fargo i think we'll city as we all know was the disaster by far in the financial crisis and they deserve to be in the penalty box for a really long time they were burden whilst it with a very expensive structure when you look at jp morgan as you know i think it's run by the most extraordinary banking executive out there who stuck you didn't choose tonight but an idea no she's on it it should trade at a discount to j p morgan they've done an extraordinary job i still own j p morgan but you can't really say that it's super cheap right here citibank i think you can say that it's cheap right here at all concerned about litigation wrists or you know see carr re its regulatory environment question i think that we're actually with the trump administration one of the easier things for them to do is going to be easy for them to do but one of the easier things i think is to decrease the burden of regulation on banks so i dunno the doddfrank wall exactly be dismantled but i think we're going to see an easy environment for banks that's part of the reason why think banks are out of the dog house right now and i think see car will be a positive for citibank let's vote buying or selling cairns hitch for say ten.