Citigroup was fined by federal banking regulators on Wednesday Inc. C 0.97% Million 400 million and ordered the country’s third-largest bank to improve its risk-management systems, citing “significant ongoing shortcomings.” The consent order, approved by the board of New York Bank, blamed Citigroup for a reduction in “various areas of …
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Federal Reserve Chairman Jerome Powell arrived to speak at the “Fed Listons” event last year. Eric Bardat / Agency France-Press / Getty Images Federal Reserve Chairman Jerome Powell and his colleagues at the central bank faced skepticism and opposition in an attempt to guide markets about the future path of …
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Whenever there is a surprise in stocks, customers’ stocks usually start pouring. But recently, financial advisers have been getting more and more customers from worrying about the devastation of West Coast wildfires, which come amid the worst public-health crisis of a century this year. “We always get a lot of …
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U.S. in the third quarter. The recovery of the auto industry gained momentum, with coronavirus-related loos and buyers returning to the show-room from sales by auto manufacturers. Strong demand for trucks and sport-utility vehicles is leading to a comeback, which is happening much faster than expected this summer. Contributing is …
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Major U.S. September proved to be a frustrating month for the equity benchmark, marking the first defeat for Wall Street since the recovery rally began in late March. However, history suggests that the terrible September, which is historically the worst month of the year for U.S. stocks historically, may then …
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