Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.

Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama / Getty Images Bank stocks have gotten hit as concerns about the US economy have grown. They’re starting to look like bargains, and none more so than Citigroup . The SPDR S&P … Read more

Warren Buffett Is Buying Stock Again. What It Means for the Stock Market.

Text size Berkshire Hathaway CEO Warren Buffett has recently made big bets on Chevron and Occidental Petroleum, along with other stocks. Drew Angerer / Getty Images Warren Buffett sat out much of the post-Covid-19 selloff to the detriment of Berkshire Hathaway shareholders. But in the first quarter of 2022 — with stocks once again falling … Read more

Jamie Dimon says just 50% of JPMorgan’s employees will work in the office full-time

Only around half of JPMorgan’s 270,000 staff will work from the office full-time, as the US banking giant has overhauled its workforce in the wake of the Covid-19 pandemic. In his sweeping annual shareholder letter, JPMorgan chief executive Jamie Dimon said that “it’s clear that working from home will become more permanent in American business”, … Read more

XTX Markets’ Zar Amrolia steps down as co-CEO, JPMorgan’s Buehler named deputy chief

Zar Amrolia, who co-headed Deutsche Bank’s fixed income unit and led its hulking FX trading division, will leave XTX Markets next year. Amrolia is a key figure in City trading circles, and has co-headed XTX alongside Alex Gerko since the firm started in late 2015. XTX was a small upstart, then a big challenger for … Read more