Saabira Chaudhuri, The Wall Street Journal

saabira_chaudhuri_the_wall_street_journal

Citigroup on Thursday cut its third-quarter earnings by $600 million, citing “rapidly-evolving regulatory inquiries and investigations.”

Shares fell 2.0% in recent after-hours trading.

Citi cuts third-quarter earnings by $600m

Banking giant cites 'rapidly-evolving regulatory inquiries and investigations' in filing

Citigroup

JP Morgan Chase

Citi shuts Málaga office it opened to battle banker burnout

A&O Shearman boss Hervé Ekué: ‘My godfather was accused in a failed coup… he inspired me to be a lawyer’

A&O Shearman boss Hervé Ekué on skyrocketing pay rises: ‘We haven’t reached the top’

Barclays poaches Citi managing director for wealth private credit push

https://images.fnlondon.com/im-30083951?size=1.21

Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Ex-EY managing partner Andy Baldwin joins IBM Consulting

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Baldwin left EY after losing out on the CEO role last year

Tesla’s sales in the European Union logged another steep decline in May, continuing a downward trend for Elon Musk’s electric-vehicle maker even as the bloc’s EV market shows signs of growth.

Tesla’s EU Sales Slumped in May Despite EV Market Growth

Oil futures recovered some ground amid short-covering after three days of declines, supported by lingering Middle East risk perception and bullish inventory data in the U.S.

How a band of brew-swilling detectives brought down Scotland’s ‘Mr. Tea’

On-and-off trade battles, hot wars and deportations make it tough to predict where the U.S. economy is headed.

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.

By Alexander Saeedy, AnnaMaria Andriotis and Dylan Tokar

 Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans

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