Citi has introduced the Arc platform to deploy AI agents across its operations, aiming to reduce manual work and speed up daily tasks. These AI agents assist with research, preparation, and execution, allowing bankers to focus more on client relationships and advisory roles. Initially, Arc will be used by developers for specific use cases before a broader rollout. This move aligns with Citi's forecast of a growing global AI market, emphasizing enterprise AI's expanding role in banking and commerce.
Citigroup is actively reducing its net share count by nearly 9% year-over-year through aggressive share buybacks. The bank has introduced Series R preferred shares that yield 6.3% and include call protection until February 2031, making them attractiv...
Kevin Warsh, President Trump's nominee for Federal Reserve chairman, prefers to be called "chairman," reversing the 12-year trend of using the gender-neutral term "chair" adopted by his predecessors Janet Yellen and Jerome Powell. The Federal Reserve...
Citi analyst Atif Malik upgraded Advanced Micro Devices (AMD) stock from Neutral to Buy and raised the 12-month price target from $460 to $575 after a strong rally. The upgrade reflects AMD's growing role as a key GPU supplier for the AI boom and pot...
