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Citi says Consumer unit may see more than $1.5B in cost cuts

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJun 13th, 2018

Citi is shaking up its consumer bank — and a key executive is out (C)

Larry French/AP Citigroup is shaking up its $33 billion consumer banking unit. The bank announced Monday several changes in the top rungs of management within its Global Consumer Banking division in an effort to "align our structure with our strategy," St.....»»

Category: topSource: businessinsiderAug 13th, 2018

Bank of America profit beats estimates on cost cuts, loan growth

Bank of America Corp reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue......»»

Category: topSource: moneycentral5 hr. 44 min. ago

Bank of America profit beats estimates on cost cuts, loan growth

Bank of America Corp reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue......»»

Category: topSource: moneycentral5 hr. 44 min. ago

Bank of America profit beats on lower costs, loan growth

Bank of America Corp reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender benefited from cost cuts, while higher interest rates and loan growth helped offset weaker bond trading revenue......»»

Category: topSource: reuters5 hr. 44 min. ago

The Cost of Bank Consumer Loans is Falling

The Cost of Bank Consumer Loans is Falling $JPM, $C, $WFC, $BAC, $V, $MA. $GS Readers are asking the Big Q: Why when interest rates tick up are consumer.....»»

Category: topSource: livetradingnewsOct 13th, 2018

Rising rates point to start of "secular bear market" for bonds

Readers are probably aware that Manhattan housing prices are falling. Yet the cost of owning an apartment is rising. Let's say you want to buy a co-op or condo unit and can afford the median sale... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 12th, 2018

Why Did This Fintech Startup Sponsor A NASCAR Driver?

Customer acquisition is the big question all consumer-facing fintech startups have to answer. The cost of onboarding new users has been a thorn in the side of payments, lending and personal financial management startups. read more.....»»

Category: blogSource: benzingaOct 12th, 2018

Wells Fargo profit rises, cost cuts paying off

Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank gave out more personal and automobile loans, and made headway in its cost-cutting plan......»»

Category: topSource: reutersOct 12th, 2018

Will CSX Deliver a Beat Again in Q3 Earnings on Cost Cuts?

CSX's third-quarter 2018 results are likely to be aided by higher revenues from the coal, intermodal and merchandise segments, and reduc.....»»

Category: worldSource: nytOct 11th, 2018

U.S. inflation slows in September, weekly jobless claims increase

U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly......»»

Category: topSource: reutersOct 11th, 2018

U.S. inflation slows in September

U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices. Fred Katayama reports......»»

Category: videoSource: reutersOct 11th, 2018

U.S. inflation slows in September, weekly jobless claims rise

U.S. consumer prices rose less than expected in September, held back by a slower increase in the cost of rent and falling energy prices, as underlying inflation pressures appeared to cool slightly......»»

Category: topSource: reutersOct 11th, 2018

Livent IPO: 5 things to know about the lithium producer

Livent Corp. has filed for an initial public offering, setting the FMC Corp. lithium unit on a course to stand on its own amid a growing demand for the metal, used in rechargeable batteries that power electric cars and countless consumer products......»»

Category: topSource: marketwatchOct 10th, 2018

Capitol Report: Companies are fighting an obscure provision that could cost them over $700 million

Companies cheered the elimination of the corporate alternative minimum tax, but it hasn’t been all smooth sailing ever since. Corporate America has AMT credits and refunds that are subject to reductions, and it’s fighting these “sequester” cuts......»»

Category: topSource: marketwatchOct 9th, 2018

Ford stock falls below $9 for first time in more than 6 years

Ford's shares are taking a pounding as the automaker adopts a piecemeal approach to outlining cost cuts that are part of a years-long and costly restructuring......»»

Category: topSource: moneycentralOct 9th, 2018

Ford stock falls below $9 for first time in more than 6 years

Ford's shares are taking a pounding as the automaker adopts a piecemeal approach to outlining cost cuts that are part of a years-long and costly restructuring......»»

Category: topSource: moneycentralOct 9th, 2018

Capitol Report: Corporate America is lobbying against an obscure provision that may cost them over $700 million

Companies cheered the elimination of the corporate alternative minimum tax, but it hasn’t been all smooth sailing ever since. Corporate America has AMT credits and refunds that are subject to reductions, and it’s fighting these “sequester” cuts......»»

Category: topSource: marketwatchOct 9th, 2018

NewsWatch: Corporate America is lobbying against an obscure provision that may cost them over $700 million

Companies cheered the elimination of the corporate alternative minimum tax, but it hasn’t been all smooth sailing ever since. Corporate America has AMT credits and refunds that are subject to reductions, and it’s fighting these “sequester” cuts......»»

Category: topSource: marketwatchOct 9th, 2018

Unilever CEO Misreads his Shareholders, to Their Cost

The consumer giant needs to find another way to simplify its structure if it’s to embark on a big deal......»»

Category: topSource: washpostOct 5th, 2018

This Fenway loft will cost you $7,800 a month

If you want to live in one of the duplex lofts in the Harlo, a 212-unit luxury apartment complex in Boston’s Fenway neighborhood that opened last October, it'll cost you. The 17-story tower, which was developed by Skanska, includes two duplex lo.....»»

Category: topSource: bizjournalsOct 5th, 2018