Citigroup Earnings Fall Short of Expectations, Increases Lending
Citigroup earnings have fallen short of expectations.
8:56 pm | Posted in Capital Markets & Geopolitics | Read More »
Citigroup earnings have fallen short of expectations.
The desperate search for survivors aboard the sinking cruise ship Costa Concordia was put on hold when the ship ran aground, rolling onto its side, leaving more than six people dead and sixteen missing.
JPMorgan Chase reported a 23 percent drop in its quarterly earnings, but one significant bright spot for the bank was its growth in corporate loans.
The Royal Bank of Scotland has reported that it will cut 3,500 jobs in its investment banking division over the next three years in response to volatility in global financial markets.
According to Pakistani intelligence, the U.S. has launched its first drone strike in Pakistan in over two months, killing four Islamist militants.
Worsening U.S.-Iran relations, Iran announced that it is sentencing American Amir Mirzaei Hekmati to death for espionage.
The most current U.S. monthly employment data indicates the creation of 200,000 non-farm jobs in December, which beat the expectations of 155,000 forecast by analysts and much better than the 120,000 in November, signaling that the market is picking up.
The Arab League may take its observers out of Syria, as the Syrian regime there continues to kill protesters despite its presence, according to the AP.
U.S. Defense Secretary Leon Panetta plans to unveil his diminished budget for the Pentagon this week, which will be part of a deal this summer to cut approximately $450 billion from military spending.
Although Kim Jong-il already named his son Kim Jong-un as his successor to the regime of North Korea, the North Korean government has now made it official.
