A former Citi Bank employee deployed a multimillion-dollar scheme to drain the accounts of customers and flee the country. According to new court filings, Florida resident and Citi personal banker Ana Dalila Vega and her co-conspirators used her position to make fraudulent wire transfers from customer accounts to shell companies. Vega, who worked for the…
Recent events in global financial markets have forced even giants like Citi to rethink their strategies and reduce risks quickly. According to the bank’s representatives, the team faced a “real shock to VAR” (Value at Risk), which led to a series of decisive actions to reduce market exposure. This episode highlights the volatility of the…
Billionaire Stanley Druckenmiller is pouring millions of dollars into a growth stock listed as a “buy” by some of America’s biggest banks and investment firms. A new 13F filing from Druckenmiller’s Duquesne Family Office reveals the firm bought 4,619 shares of MercadoLibre (MELI) in Q3 2025. The purchase amounts to about $11.09 million and continues…
Citi is taking its blockchain-based payment system global. The bank has added Euro transactions and established a new operational hub in Dublin, broadening the reach of its Citi Token Services (CTS) platform beyond the US dollar and into Europe’s core financial markets. Join stablecoin builders in London at the fmls25 Euro Integration Marks Next Phase…
Global brokerage firm Citi has reiterated its “BUY” rating on Vodafone Idea and assigned a target price of Rs 14 per share, implying a potential upside of nearly 51% in the stock. On Friday, the shares of Vodafone Idea surged 4.85% to a high of Rs 9.72 in intraday trade. This represents an upside of…
Citi and Coinbase have agreed to collaborate on digital asset payment capabilities for institutional clients. The companies plan to streamline how organizations move funds between fiat and digital asset platforms. Join stablecoin builders in London at the fmls25 According to the announcement, their first goal targets a pain point for large organizations: moving money efficiently…
TLDR: Citi predicts Bitcoin could reach $132K by year-end, with $181K over the next 12 months. Ethereum’s year-end forecast rises to $4,500, reflecting ETF inflows and staking adoption. Citi sees Bitcoin as “digital gold” attracting more institutional flows despite macro pressures. Ether’s upside depends on network adoption and yield opportunities through DeFi and staking. The…
Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho,…
Banking giant Citi remains confident in the fundamental strength of the US stock market and says it’s prepared to take advantage of any pullbacks. In a new CNBC interview, Citi equity strategist Scott Chronert highlights that markets tend to be forward-looking and investors are now positioning for a potential pick-up in earnings growth next year….
The upcoming week promises a wealth of economic data and corporate earnings reports that investors will scrutinize closely. Key economic indicators scheduled for release include consumer and producer inflationInflation refers to the rate at which the overall price levels of goods and services increase, gradually reducing purchasing power over time. It is commonly measured using…