This week, major US banks posted nearly $50 billion in combined Q1 profits. The growth, strongest in over a decade in some cases, was driven by Iran war-linked market volatility, oil price swings, and strong trading revenues

Banks always win: Iran war, market volatility, oil price turbulence help US giants clock $50 billion in profits

Now, we turn our attention to an important debate brewing. Will India be able to create enough jobs? Economists at Citi group, in a report, said the country's unemployment is poised to rise even if the economy grows at 7 per cent annually as projected. However, the Indian government has refuted those claims and alleged that the Citi report failed to consider the positive trends and comprehensive data from official sources.

Citigroup claims India will struggle to create enough jobs

Citigroup is set to lay off 286 employees in New York, as disclosed in recent filings with the State Department of Labour. According to Reuters, the filings, dated earlier this week, reveal that the job cuts will affect 239 employees from its primary banking subsidiary, 44 from its broker-dealer unit, and three from its technology arm.

Citigroup announces layoffs of 286 employees in New York: Report

Thousands of people will lose jobs at Citigroup in 2024 as part of Chief Executive Officer Jane Fraser's bid to boost the Wall Street giant's returns. The New York City-headquartered firm said that it expects to incur as much as $1bn in severance and reorganisation costs.

Thousands to lose jobs as US banking giant Citigroup announces job cuts

In a heated battle for the best minds in artificial intelligence (AI), Wall Street banks are poaching rival talent, with Goldman Sachs taking a notable hit in the past year.

Wall Street talent war: Banks engage in cutthroat competition for AI experts

Citibank, one of India's oldest foreign lenders has taken down its signboard from its landmark Kanak Building office on Kolkata's Chowringhee road, as part of a rebranding effort following the sale of its consumer business to Axis Bank in 2021, reported Moneycontrol.

Citibank removes signboard from landmark Kolkata office after 121 years as part of rebranding

Citi group is planning to wind down its retail bank in the United Kingdom, aiming to further streamline operations as part of its chief executive's strategy.

World Business Watch: Citi bank plans to scrap UK retail banking as part of strategic refresh

Citigroup has said that it plans to shut down its retail bank in the United Kingdom, as it overhauls its business structure. The firm said that it would be focusing on its wealthiest customers in the UK, and will be inviting certain clients to transition to its private bank.

Citigroup plans to shut down its lone retail bank in UK

Investment bank Citi has warned that surging energy bills will drive UK inflation to over 18 per cent early next year. Due to extremely painful rises in energy bills that will push the cost of living into the “stratosphere” CPI inflation will hit 18.

Citi warns UK inflation to hit 18% as energy bills rocket

Video conferencing application Zoom has reportedly sold over 500,000 accounts on hacker forums. Every account was disposed for less than a penny each, and in some cases, given away for free.

More than 500,000 accounts on Zoom app sold to hackers

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