Citigroup, Constellation and Berkshire
Digest more
Berkshire Hathaway‘s most recent 13-F filing shows a strategic shift in its investment portfolio. The firm doubled its position in Constellation Brands—the US distributor of Modelo and Corona beers—while completely exiting its $1 billion stake in Citigroup Inc.
Warren Buffett sheds C shares. Let us assess whether to follow Buffett or hold on to your investment for generating robust returns over time.
Berkshire Hathaway eliminated its equity stake in Citigroup and pared its large holding in Bank of America while adding to its investment in Constellation Brands, according to a 13-F report with the Securities and Exchange Commission late Thursday.
A group of 30 international investors of the now-bankrupt Mexican oil and gas services company, Oceanografía, claim they lost over a billion dollars from Citigroup's fraud scheme.
Citigroup Inc. is partnering with Switzerland’s stock exchange SIX Group AG as part of a push by the Wall Street lender to make it easier for investors to settle and store their private markets holdings.
Explore more
HONG KONG (Reuters) -Citigroup is cutting up to 200 information technology (IT) contractor roles in China, two people familiar with the matter said, as the bank looks to hire its own staff globally for such operations to improve risk management and data governance.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Citigroup options trades with real-time alerts from Benzinga Pro.
"We are excited to partner with Citi Wealth to drive growth for their alternatives business globally. iCapital's technology platform will streamline the operations and management of their current and future alternative investment funds platform," iCapital CEO Lawrence Calcano said.