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C Mar 2025 85.000 put

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  • Barrons.com

    Citi’s Turnaround Plan Is Stained by Warren’s Call for Growth Limits

    The Massachusetts Democrat called on a top government regulator to restrict the growth of the nation’s fourth-largest bank.

  • Reuters

    US Senator Warren asks regulator to impose growth curbs on Citi

    A prominent Democratic U.S. senator called on a top regulator on Wednesday to impose growth restrictions on Citigroup as the Wall Street bank struggles to fix ongoing regulatory problems. In a letter to Acting Comptroller of the Currency Michael Hsu, Senator Elizabeth Warren said that Citi's years-long struggle to fix data, controls and other management problems show it has become "too big to manage" and should be curtailed. A prominent bank critic who has previously taken aim at Wells Fargo, JPMorgan and others, Warren cannot force Hsu to take action but her letter can still put pressure on him to be tough on Citi, and draws more attention to the bank's problems.

  • Yahoo Finance Video

    JPMorgan to open nearly 100 new branches in low-income areas: WSJ

    In an increasingly digitized banking era, JPMorgan Chase (JPM) is looking to plant more brick-and-mortar roots. The firm announced plans to hire 75 community managers and expand its network of senior business consultants from 35 to 38 cities by the end of the year. In addition, according to The Wall Street Journal, CEO Jamie Dimon has plans to open nearly 100 new branches in low-income areas across the country. These locations will not only serve as neighborhood banks, but will also include spaces where the public can attend small business and financial education workshops organized and run by JPMorgan. Wealth! Host Brad Smith reports more on the story and breaks down why more banks are looking to physically expand. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl