The One-year Decline in Earnings Might Be Taking Its Toll on Citigroup (NYSE:C) Shareholders as Stock Falls 8.6% Over the Past Week
Citi Executive Suddenly Exits Amid Jane Fraser's Wealth Unit Turnaround -- Barrons.com
This Is What Whales Are Betting On Citigroup
Express News | Shares of Banking Companies Are Trading Lower Amid Overall Market Weakness on US Economic Concerns
Big Banks Reevaluating Fed Rate Cut Forecasts
Chicago Fed President Charles Evans: Fed will not overreact.
Chicago Federal Reserve Bank President, Charles Evans reiterated that the central bank's duty is not to react to weak monthly employment data, and added that market volatility is far greater than the actions of the Federal Reserve. Last week's economic data in the United States was weak, especially the employment report last Friday which was below expectations, causing concerns for an economic recession and fueling a global stock market crash. Evans said that there are some alarming indicators, such as an increase in consumer loan delinquencies, but economic growth remains at a "fairly stable level." Evans said on CNBC on Monday: "As you can see, the employment data was weaker than expected, but it doesn't look like the economy"
