Podcast appearances and mentions of jane fraser

La semana pasada Donald Trump realizó la primera gira internacional de su segundo mandato. Visitó Arabia Saudí, Qatar y los Emiratos Árabes Unidos. Este viaje, centrado en acuerdos comerciales y asuntos geopolíticos de primer nivel como la cuestión de Siria, supone un punto de inflexión en tanto que Trump se mostró dispuesto a dialogar. Algo llamativo ya que, al menos en este ámbito, su postura es realista y libre de los maximalismos de su primer trimestre en el cargo. De forma un tanto sorprendente dejó a Israel en un segundo plano. Lo que no fue sorprendente en absoluto fue su silencio por el respeto a los derechos humanos en aquella región, pero eso ya estaba previsto y es coherente con lo que ya hizo en su primer mandato. El periplo comenzó en Riad, donde Trump fue recibido por el príncipe heredero Mohammed bin Salman. Arabia Saudí comprometió 600.000 millones de dólares en inversiones en EEUU enfocadas en defensa, tecnología y energía. Un foro de inversión reunió a líderes empresariales como Larry Fink de BlackRock y Jane Fraser de Citigroup, subrayando la importancia que el presidente dio al apartado económico de la gira. En Riad se reunió con el presidente interino sirio, Ahmed al-Sharaa, en un encuentro histórico. Anunció el levantamiento de sanciones a Siria para impulsar su estabilización tras la caída de Bashar al-Assad. Esta decisión, respaldada por Arabia Saudí y Qatar, fue elogiada por las cancillerías europeas, pero criticada por Israel, que considera a al-Sharaa un exyihadista. En Doha Trump fue agasajado por el emir Tamim bin Hamad Al Thani. Qatar firmó acuerdos por 243.000 millones de dólares que incluyen la adquisición de más de 200 aviones Boeing. Desde la base aérea Al Udeid, la mayor instalación militar estadounidense en Oriente Medio, Trump reiteró su prioridad de “terminar conflictos, no iniciarlos”, aunque advirtió que no dudaría en usar el poder militar si fuera necesario. Propuso una “zona de libertad” en Gaza, un concepto vago que ha generado infinidad de especulaciones, pero evitó hablar de la guerra aún en curso en la franja. La gira culminó en Abu Dabi, donde el Gobierno de los Emiratos anunció una inversión de 440.000 millones de dólares en el sector energético estadounidense a lo largo de la próxima década. Trump visitó la Gran Mezquita y la Casa de la Familia Abrahámica tratando de proyectar una imagen de cooperación cultural. Poco antes, en su discurso en Riad, condenó el intervencionismo estadounidense del pasado, y eso fue bien recibido entre los líderes políticos del golfo Pérsico, pero alarmó a defensores de los derechos humanos. Un aspecto notable fue la exclusión de Israel del itinerario, lo que revela que hay tensiones latentes con su primer ministro, Benjamin Netanyahu. Trump ignoró las objeciones israelíes para levantar las sanciones a Siria y negociar con Hamás con el objetivo de liberar al rehén estadounidense Edan Alexander. Todo de forma directa y dejando a un lado a los israelíes. Además, avanzó que quiere reiniciar las conversaciones nucleares con Irán mediadas por Omán, lo que ha provocado nuevas fricciones con Israel, que teme un acuerdo favorable a Teherán. La gira, salteada por una serie de aciertos, supone el regreso al pragmatismo que caracterizó a su primer mandato, más centrado en la estabilidad económica que en decisiones rupturistas y problemáticas como la guerra comercial contra todo el mundo. En La ContraRéplica: 0:00 Introducción 3:57 Oportunidad para Irán 28:58 Uranio en España 35:10 Inteligencia artificial en China · Canal de Telegram: https://t.me/lacontracronica · “Contra la Revolución Francesa”… https://amzn.to/4aF0LpZ · “Hispanos. Breve historia de los pueblos de habla hispana”… https://amzn.to/428js1G · “La ContraHistoria de España. Auge, caída y vuelta a empezar de un país en 28 episodios”… https://amzn.to/3kXcZ6i · “Lutero, Calvino y Trento, la Reforma que no fue”… https://amzn.to/3shKOlK · “La ContraHistoria del comunismo”… https://amzn.to/39QP2KE Apoya La Contra en: · Patreon... https://www.patreon.com/diazvillanueva · iVoox... https://www.ivoox.com/podcast-contracronica_sq_f1267769_1.html · Paypal... https://www.paypal.me/diazvillanueva Sígueme en: · Web... https://diazvillanueva.com · Twitter... https://twitter.com/diazvillanueva · Facebook... https://www.facebook.com/fernandodiazvillanueva1/ · Instagram... https://www.instagram.com/diazvillanueva · Linkedin… https://www.linkedin.com/in/fernando-d%C3%ADaz-villanueva-7303865/ · Flickr... https://www.flickr.com/photos/147276463@N05/?/ · Pinterest... https://www.pinterest.com/fernandodiazvillanueva Encuentra mis libros en: · Amazon... https://www.amazon.es/Fernando-Diaz-Villanueva/e/B00J2ASBXM #FernandoDiazVillanueva #iran #trump Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals

La Corte dei Conti ha evidenziato che i settori in ritardo, come la sanità, dovranno accelerare la spesa in modo significativo per rispettare le scadenze del PNRR. L'Italia è l'unico Paese ad aver chiesto cinque modifiche al piano. La nuova proposta di rimodulazione presentata dal ministro Foti riguarda 170 target e milestone, pari al 48% delle scadenze residue. Il governo spera in un via libera della Commissione europea entro fine giugno, ma è già prevista un'ulteriore revisione entro il 2026. Le modifiche riguardano soprattutto gli investimenti ferroviari e puntano a spostare su fondi nazionali le opere che non si completeranno in tempo. Interviene Luca Dal Poggetto analista di Open Polis esperto di PNRR. insieme a Manuela Perrone, Il Sole 24 OreMutui per la casa meno cari nel 2024, ma in rialzo nel 2025Nel 2024 i mutui per l'acquisto di abitazioni in Italia sono cresciuti (+4,6% sul 2023), con un capitale erogato salito a oltre 38 miliardi di euro (+8,1%). Il tasso medio iniziale si è abbassato al 3,6%. Tuttavia, nel 2025 i tassi sono tornati a salire: ad aprile il tasso medio è salito al 3,29%, il massimo da settembre 2024, segnalando un'inversione di tendenza nonostante il taglio dei tassi da parte della BCE. Ne parliamo con Roberto Anedda Senior analyst di Nomisma.Volatilità sui Treasury americani e futuro economico USADopo l'annuncio di nuovi dazi da parte di Trump il 2 aprile, i rendimenti dei Treasury americani hanno oscillato bruscamente. L'incertezza ha spinto gli hedge fund a liquidare posizioni speculative ("basis trade"), aumentando la volatilità. Una possibile spiegazione politica è la vendita massiccia di Treasury da parte della Cina. Moody's ha tagliato il rating degli USA da Aaa ad Aa1 per l'alto debito e i deficit persistenti. I rendimenti dei bond a lungo termine sono saliti (oltre il 5% a 30 anni e 4,52% a 10 anni). La CEO di Citigroup, Jane Fraser, ha segnalato un cambiamento strutturale nei mercati globali, con più rischio percepito e una globalizzazione meno cooperativa. Approfondiamo il tema con Peter Cardillo, Chief Market Economist per Spartan Capital Securities, a basato a New York

How can companies make it easier for you to do business? In this week's episode, Merrill shares his thoughts on a recent experience. Music: Walking Shoes by Blue Dot Sessions⁠

Claudia Sheinbaum sostuvo una reunión con Jane Fraser, CEO de CitigroupEl lobo "terrible" extinto desde hace más de 12 mil 500 años, fue devueltoMás información en nuestro Podcast

¿Jaque de China a Nike? Así ha lastrado el mercado de Xi al magnate deportivo. Xavier CarullaNike reportó resultados mixtos y aunque los beneficios por acción superaron las expectativas de los analistas, la empresa enfrentó una caída en sus ventas totales. Esto se debe en parte al desempeño suave en mercados clave como en China, donde la caída fue elevada, explica Xavier Carulla, portfolio manager de Arquia Gestión. No obstante, Nike sigue optimista con su estrategia y presencia en el mercado a largo plazo, pese al desafiante trimestre que se le presenta. Desde Arquia, siguen positivos en el sector bancario, pese a la amenaza y dudas de la política de Donald Trump. Los bancos como JP Morgan han mostrado resiliencia en el pasado y se espera que sigan igual. Xavier Carulla ha explicado que apuestan por Citigroup, muy bien posicionado gracias a la estrategia de Jane Fraser. #china #nike #mercado #tecnologia #economíachina #inversion #inflacion #arquia #sistemafinanciero #citigroup #negociostv Si quieres entrar en la Academia de Negocios TV, este es el enlace:   https://www.youtube.com/channel/UCwd8Byi93KbnsYmCcKLExvQ/join Síguenos en directo ➡️ https://bit.ly/2Ts9V3pSuscríbete a nuestro canal: https://bit.ly/3jsMzp2Suscríbete a nuestro segundo canal, másnegocios: https://n9.cl/4dca4Visita Negocios TV https://bit.ly/2Ts9V3pMás vídeos de Negocios TV: https://youtube.com/@NegociosTVSíguenos en Telegram: https://t.me/negociostvSíguenos en Instagram: https://bit.ly/3oytWndTwitter: https://bit.ly/3jz6LptFacebook: https://bit.ly/3e3kIuy

Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo Securities, examines Jamie Dimon's staying power and ultimate succession plan for JPMorgan, as well as Jane Fraser's turnaround success story at Citi. Please note that Wells Fargo Securities, LLC and/or its affiliates, have beneficial ownership of 0.5% or more of any class of the common stock of Citigroup Inc.See omnystudio.com/listener for privacy information.

Live from a pile of dark chocolate-dipped kittens, it's an all-new Terrific Tuesday edition of Business Pants. Joined by Analyst-Hole Matt Moscardi! On today's calorie free Double Big Mac called February 4th 2025: the Who Do You Blame? Game!Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.DAMION1Who Do You Blame? GameWells Fargo CEO Charlie Scharf Gets Pay Bump To $31.2 Million CEO Charlie Scharf: for being greedy. His pay ratio was already an alarming 325:1 last year.Shareholders: Say on Pay 57% approval in 2021; 73% approval in 2022. Despite policy tweaks which resulted in 92% support in 2023 and 93% in 2024: the song remains the same: the CEO's pay steadily and magically increases annually: $21M, $25M, $26M, and now $31MPay Committee chair Ronald Sargent: why on earth would you ask the former CEO of Staples to control setting the pay of a fellow S&P 500 CEO brother? It's an immediate conflict of interest.Female board power: at -19% this is a board that chooses to underpower female leadership. 5 women control an aggregate 20% influence while the top 5 men control 68%Citi bucks back-to-office trend and embraces hybrid workingThe board: 8 of 14 directors are womenThe CEO: In 2021, Jane Fraser became Citi's CEO and the first woman to lead a major U.S. bank Shareholders: 26% in 2024 supported a SHP requesting a report on the effectiveness of Citi's policies and practices in respecting Indigenous Peoples' rights in Citi's existing and proposed financingChief Human Resources Officer Sara Wechter: Sara serves on the board of Onex Corporation (relatively rare for CHROs and is not afraid in her Citigroup bio to state that “she has championed diversity, equity and inclusion efforts across Citi, leading the firm in exceeding its original 3-year aspirational representation goals set in 2018 for women globally and black talent in the U.S.”McDonald's Shamrock Shake returns — and so does Grimace's uncleThe CEO: Chris Kempczinski's CEO pay ratio of 1,212:1 proves he doesn't care what anybody thinks.The Chair: oh wait, that's also Chris KempczinskiThe Lead independent Director: Miles White, clearly not independent having served on the board since 2009The Sustainability & Corporate Responsibility Committee Chair: The Committee that monitors strategies covering food, sourcing, the environment, human rights, community engagement, philanthropy, and DEI is Paul Walsh. A man who sold alcohol (former CEO at Diageo) and is currently the Executive Chair at a company that sells expensive racing cars (McLaren Group).OpenAI files a trademark application for humanoid robots and VR headsets as Sam Altman teases big hardware ambitionsThe CEO: Sam Altman the guy who refused to be fired for his board while subverting the company's mandate and mission.The Chair: Bret Taylor, the guy who comes from Twitter/Facebook/Google and is clearly disinterested in what humanity actually needs.The board: for allowing a CEO who was previously fired partly for lying to the board to sit on the board as a director.The two women who nearly fired Sam Altman: former OpenAI directors Helen Toner and Tasha McCauleyTarget hit with national boycott call over decision to drop DEI initiativesThe CEO: Brian Cornell's CEO pay ratio of 719:1 proves he doesn't care about anybody but himself.The double DEI-hating director: Dmitri Stockton also on the board of Deere The lead independent director: woman of color Monica Lozano, former CEO of The College Futures Foundation, whose “commitment to diversity, equity, and inclusion is paramount to its vision for advancing a racially, socially, and economically just California where generations of learners can thrive.”The chair of the committee responsible for Human capital management, specifically “DE&I in support of our business”: Compensation & Human Capital Management Committee chair Monica LozanoCoca-Cola and Novartis's CEOs don't care if ‘ESG' has become a toxic phrase among someNovartis CEO Vasant (Vas) Narasimhan: whose ego is so strong and secure he doesn't even need to serve on the board responsible for his oversight.Coca-Cola CEO James Quincey: for having the strength to say it:“If ESG becomes toxic as a phrase, which it basically has in the U.S., it doesn't matter to me. I'm just going to stop saying ‘ESG.' But the idea that for my basic product, I want to be water positive, I want to have a circular economy on my packaging, and I want to grow our business with less sugar—you can call it anything you like, but no one with common sense says those are bad ideas.“My business strategy is constant and clear and centered around the business and the things that consumers care about and that fix societal problems. If people want to attach labels to it, that's their issue. I'm saying this business will be great if I fix these problems, and it will be good for shareholders and be good for society.”Coca-Cola's Lead Independent Director and Corporate Governance and Sustainability Committee chair Maria Elena Lagomasino: maybe some of the woke messaging of Disney movies altered her conscience?Female board power at Coke: 49% influenceMATT1Ryder's $2.5M Settlement Brings 4-Year Governance Overhaul: What's Changing for Shareholders - suit alleged Ryder's management team and board artificially inflated the values of certain Ryder assets and made materially misleading statements regarding those values - suit alleged breach of fiduciary duties, unjust enrichment, and waste of corporate assets. Board has to create a Corporate Risk Steering Committee, company must hire a Chief Compliance Officer, a Management-level “Disclosure Committee”, at least two Audit Committee members must be financial experts, they have to hire a third party to do market research, they have to have a “pricing” team to examine market prices, they have a clawback, and they have a non-retaliation policy.CEO Robert Sanchez - CEO since 2013, the Man in the ChairThe Audit Committee - a FIVE person audit committee, all of whom they disclosed in 2020 were “financial experts”, all but one of whom was a CEO at another company that made them a “financial expert” (the fifth was an accounting professor), one of whom was the lead independent director who had been there since 2002Dmitri Stockton! The director who now has the wonderful distinction of having sat on the Deere board the flipped on DEI, the Target board that flipped on DEI, Stanley Black and Decker who was sued for not disclosing executive perks, and the Ryder board who was sued for sucking at being a board - all while he was there!DEI! Dmitri Stockton is BLACK and Robert Sanchez SOUNDS MEXICAN!US Steel Flags Trump DEI Order as Risk Factor for InvestorsRacist old white guys and tech bros! The order was written, ostensibly, by Stephen Miller, Trump, and Musk, the three horseman of the brownpocolypse, and US Steel is now including Trump's DEI order as a material risk to the companyThe lawyers! The company said in its annual report last year that it aims “to have an engaged and diverse workforce to promote new ideas and innovation, reflect the communities where we operate, and deliver exceptional customer service.” This year, that same sentence omitted a reference to having a “diverse” workforce. That sounds like Duane D. Holloway, chief ethics and compliance officer and general counsel, right?DEI! Duane Holloway… is BLACK! Mr. Holloway serves on the board of directors of the Minority Corporate Counsel Association (MCCA), the Carnegie Hero Fund Commission, the Allegheny County Parks Foundation and Gilman School. He also serves as Executive Sponsor of U. S. Steel's SteelPARENTS Employee Resource Group. That all sounds exceedingly woke and DEIish.The board! US Steel managed to find 8 white males for their 12 person board, 3 white woman, and 1 black woman… so people of color have a whopping 6% influence on the board. It DOES feel risky to talk about them though, right?Walgreens stock plunges. Its dividend payout changes are to blameRoz Brewer! She was a DEI hire after all, right? Can't we pin this on her tenure as fake CEO?Steffano Pessina! The man with 61% of board influence, the man who fired Roz Brewer, the man who we'll find out today won re-election despite cratering the company as executive chair!DEI! Did you see this line in the announcement about the dividend cessation? “In fiscal 2024, WBA scored 100% on the Disability Equality Index for disability inclusion”. SO WOKE.

EU leaders warn Donald Trump not to meddle with the continent's territories, and Wall Street analysts are betting Citigroup will miss a critical long-term target next week. Indonesia is maintaining its ban on iPhone 16 sales despite Apple's $1bn investment proposal, and China is signing growing numbers of Taiwanese people up for local IDs in a drive to incorporate them into its society.Mentioned in this podcast:EU leaders warn Donald Trump not to meddle with Europe's borders Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban Wall Street doubts Citi chief Jane Fraser can hit crucial target China's drive to give Taiwanese visitors local IDs alarms Taipei Mexico's president calls for parts of US to be renamed ‘Mexican America' The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Citigroup CEO Jane Fraser said geopolitics is going to be the "biggest shift in the world of finance," and a "big differentiator" alongside innovations in technology and the green transition. She speaks with Bloomberg's Sonali Basak from the Bloomberg's Women, Money & Power conference in London. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Female representation in the boardroom almost tripled since 2010, with the most gender-diverse companies delivering higher shareholder returns compared to male-dominated boards, according to Bloomberg Intelligence.  (2) Women are controlling ever-greater sums of money around the world, setting the stage for major shifts in wealth management and philanthropy.  (3) One of the world's most prominent female CEOs is Jane Fraser, the boss of Citi Group. Currently halfway through her 5-year plan to turn around the bank, she tells Bloomberg she's now focusing her efforts on improving technology, reducing costs, and growing fee revenues. (4) The rebel group that toppled Syria's President Bashar Al-Assad tasked Mohammed Al Bashir to form a transitional government, Syrian television reported. (5) Luigi Mangione, a “person of interest” in the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson, was charged with possessing an illegal gun and using a fake identification after being arrested in Pennsylvania on Monday. See omnystudio.com/listener for privacy information.

In this episode, Scott Becker shares key business updates, covering household debt trends, Disney’s impressive quarter, Amazon’s continued growth, and Spirit Airlines’ financial challenges. He also highlights Klarna’s IPO prospects, the rise of family offices in the investment landscape, and Citigroup’s market rebound under Jane Fraser’s leadership.

In this episode, Scott Becker shares key business updates, covering household debt trends, Disney’s impressive quarter, Amazon’s continued growth, and Spirit Airlines’ financial challenges. He also highlights Klarna’s IPO prospects, the rise of family offices in the investment landscape, and Citigroup’s market rebound under Jane Fraser’s leadership.

Citigroup Inc. Chief Executive Officer Jane Fraser said that clients who'd been waiting on the sidelines to do deals are focused on moving forward with mergers and acquisitions as they see that scale is needed to compete. She is joined by Bloomberg's Sonali Basak.See omnystudio.com/listener for privacy information.

Plus Europe Struggles For AI Relevance (subscribe below) Like this? Get AIDAILY, delivered to your inbox, every weekday. Subscribe to our newsletter at https://aidaily.us AI-Driven Blood Test Predicts Parkinson's Disease Years Before Symptoms Researchers from UCL and University Medical Center Goettingen have developed an AI-driven blood test capable of predicting Parkinson's disease up to seven years before symptoms appear. This breakthrough, utilizing machine learning to analyze blood biomarkers, offers a promising method for early diagnosis and potential treatment to protect dopamine-producing brain cells. AI System Predicts Heart Attacks Up to 10 Years in Advance Oxford University scientists have developed an AI heart attack scan that can predict heart attacks up to a decade in advance. This AI technology, expected to be assessed by NICE and the NHS, analyzes artery inflammation not visible on standard CT scans, potentially saving thousands of lives annually by providing more accurate diagnoses.  Europe Struggles for AI Relevance Amid US Dominance European AI firms face challenges due to American dominance in AI development, with chatbots often reflecting US cultural nuances, says Peter Sarlin of Silo AI. This "AI sovereignty" issue drives Europe to invest in AI infrastructure. However, without significant tech giants, Europe's efforts may fall short. Recent deals, like Mistral AI's partnership with Microsoft, highlight the continent's dependency on US platforms, complicating Europe's bid for AI independence. AI Poised to Transform Banking Industry, Says Citigroup Citigroup Inc. predicts AI will displace more banking jobs than in any other sector, potentially automating 54% of roles. The technology, which could add $170 billion to the industry by 2028, is already being used to enhance productivity and cut costs. Citigroup's CEO Jane Fraser emphasized moving AI from experimentation to practical application, with uses in custom investment recommendations and cybersecurity. However, AI adoption might not reduce headcount due to the need for AI managers and compliance officers. Despite AI's potential, challenges like chatbot comprehension and risks of misinformation remain. Former OpenAI Chief Scientist Launches Safety-Focused AI Startup Ilya Sutskever, co-founder and former chief scientist at OpenAI, announced the launch of Safe Superintelligence Inc. (SSI), a new AI startup focused on safety. SSI aims to develop a powerful AI system while avoiding commercial pressures. Co-founded by former Apple AI lead Daniel Gross and ex-OpenAI staff Daniel Levy, SSI prioritizes safety and progress without distractions from product cycles --- Send in a voice message: https://podcasters.spotify.com/pod/show/aidaily/message

Citigroup CEO Jane Fraser discusses Citi's restructuring, geopolitical investment risks, and more.

Los grupos financieros inauguran la temporada de reportes y en México se van a Acapulco. Jane Fraser dice, “nunca digas nunca”. Qué esperar de los mercados tras las represalias de Irán. En México, la agenda económica de los candidatos presidenciales y dos asambleas de accionistas clave. Además Elon Musk se reúne con Gobiernos importantes para su negocio.

Qué esperar de Izzi, Sky y VIX de Televisa. Renuncias en la embotelladora y la caída de sus acciones. La producción petrolera no levanta y qué revela lo que gana la CEO de Citi. 

Datos económicos clave al cierre de la semana en México, otro listado pero en BIVA, el registro del candidato de Movimiento Ciudadano y dos banqueros con agenda en el país. 

Walmart helpt online rivaal Amazon aan een plekje in de Dow Jones, de index van de dertig belangrijkste Amerikaanse bedrijven. Walmart splits z'n aandelen, daardoor daalt de prijs en kan Amazon de Dow binnenstormen. Of dat het aandeel nog een extra zetje kan geven, bespreken we in deze aflevering. Daarin ook aandacht voor Amazon-topman Jeff Bezos. Hij casht voor 8,5 miljard euro aan aandelen van z'n eigen webwinkel. Begin deze maand werd al aangekondigd dat hij dit jaar een deel van zijn bezittingen in het bedrijf ging verkopen. Maar hij liet er geen gras over groeien en heeft nu al helemaal aan die belofte voldaan. Dat je niet tegelijkertijd met Poetin én westerse beleggers door één deur kan, bewijst het bedrijf achter Douwe Egberts. JDE Peet's maakt een flinke smak op de beurs. En dat heeft alles te maken met de beslissing om in Rusland te blijven. ASML raakt een grote investeerder kwijt. Samsung neemt afscheid van de laatste aandelen die ze nog in de chipmachinebouwer hadden. Die kochten ze ruim 10 jaar geleden in een deal met ASML. Toch is van een échte breuk geen sprake...  See omnystudio.com/listener for privacy information.

Jane Fraser is a leading figure in global finance and the first woman to head a major US bank. At Citigroup, she has been a force of change, steering the bank through big restructuring. In this episode, she delves into her strategies for steering a multinational bank, her vision for Citigroup's future, and the key traits of effective leadership.The production team on this episode were PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke with input from portfolio manager Frederik Thomasen. Links: NBIM website: The fund | Norges Bank Investment Management (nbim.no) Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram Check out our episode on YouTube: Norges Bank Investment Management - YouTube Hosted on Acast. See acast.com/privacy for more information.

Welcome to the Tearsheet Podcast, where we explore the future of financial services with an eye toward technology, new models, innovation, and changing expectations. I'm Tearsheet's editor in chief, Zack Miller. One of the themes we've been charting over the past couple of years is the impact of moving to a world defined by real time – or close to real time – financial services. Real time payments isn't just a tweak, a turning of the speed dial – it actually changes value propositions, expectations, and risk management the financial services industry has with its clients, both consumer and commercial. What's also interesting is that as business becomes more global, the larger banks have moved in the opposite directions, for the most part backing away from becoming global banks, entrenching themselves in specific markets. Citi remains one of the few that maintains this positioning of being global. And as a global organization, Citi works has businesses with international aspirations through its Treasury and Trade Solutions Group. TTS is a rising star in CEO Jane Fraser's plan to steer the bank forward. She actually called it a thing of beauty in a recent earnings call. I'm joined by Scott Damassa, Managing Director and Global Head of Sales for eCommerce, Technology, and Communications at Citi. Scott has had an upfront and close look at the needs of global companies and what they're really looking for from their financial services providers. And speed seems to be near the top of all lists. We talk about the significance of speed in payment processing across different industries and how it can impact both clients and companies. Scott also shares what specific benefits he's observed when organizations prioritize speed in payment processing. We discuss the importance of multi-stakeholder partnerships in servicing global organizations and how FIs and fintechs can best collaborate. Our conversation is interesting in that it's about the present – but also the future – of Citi itself, as the firm formulates messaging around being a global partner bank for fintech and other tech firms. Here's my discussion with Citi's Scott Damassa.

The Dow ended Friday at a record high and the major averages notched their seventh straight week of gains. Morgan Stanley's Daniel Skelly and Ironsides' Barry Knapp break down where the market goes from here. Citi is closing its once-heralded muni business; our Hugh Son details the latest moves of CEO Jane Fraser's turnaround efforts. Charles Schwab Chief Fixed Income Strategist Kathy Jones on her playbook for 2024. Lacework CEO Jay Parikh on new SEC cyber security rules. Wells Fargo analyst Mohit Bansal on his top pharma picks for 2024. Plus, Care Bears and what it reveals about the state of post-pandemic supply chain.

On today's podcast: 1) Equities held gains after the Federal Reserve validated bets that it will soon move to easier policy and pushed stock market gauges toward all-time highs. 2) Treasury Secretary Janet Yellen said she plans to visit China again in 2024, seeking to deepen areas of cooperation and improve communication even as she vowed to continue confronting Beijing over national security concerns and human rights. 3) Citigroup will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.   Full Transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen. Stocks are set for their fifth weekly gain, with rate cut bets giving traders a lot of hope heading into twenty twenty four. Equities are pushing for all time highs after J. Powell indicated this week the Fed could ease monetary policy soon. The S and P is advancing toward its seventh consecutive weekly advance. Oil is looking at its first weekly gain in almost two months. Neil Dutta of Renaissance Macro Research says the Fed is following a framework that will allow the US economy to grow. The die has been cast for this for a little bit of time now, I mean, and that's because inflation is slowing more rapidly than they expect. I mean, I think the Fed is following essentially a rules based framework where they're taking changes in inflation and the unemployment rate and translating that into expectations around the federal funds rate. And that's basically what's happening. In fact, last month, Neil detis that he expected the Fed to cut rates by March, so he says he is not surprised by the pivot, but Nathan Dudda's expectations were not shared by many on Wall streets, such as Peter Sheer, head of Macro's strategy at Academy Securities. Really took me by surprise of how comfortable the power was with cutting rates. So when I was at four twenty, I was getting nervous about risk assets because I thought the only way you have to four percent, given what the FED was saying, is for economic conditions to turn much worse. They didn't turn much worse, and yet we're at four percent because of the FED. So I think we have some room for risk to continue to rally, and it's been a great run. Peter Sheer with Academy Securities also tells Bloomberg, despite hawkish stances from the European Central Bank and Bank of England, he expects more growth outside the US. He specifically focused on shine Up. He anticipates further cooperation with the US and increased stimulus measures, and that's the signal that Treasury Secretary Janet Yellen is sending Karen. She says she's going to visit China again next year with a goal of deepening ties and improving communication with the world's second biggest economy. Speaking of the US China Business Council in Washington, Secretary Yellen said that the discussions will focus on difficult topics, but she expects cooperation from both sides. America's fundamental economic strength means that we have nothing to fear from healthy economic competition with China or any other country. The United States does not seek to decouple from China. This would be damaging to both our economies. Still, Treasury Secretary Yellen says the US will pursue export controls and investment restrictions that have angered China. She did stress the need to engage to prevent what she calls a wide range of diplomatic and financial crises. Well as for the latest moves in China, Nathan, the People's Bank of China pumped a record amount of cash into the economy to try to prop up as struggling property market and boost de mad It marked a bullish signal to investors who have been disappointed in china recent piecemeal approaches to stimulus. Meanwhile, stocks across Asia traded higher on optimism over a FED pivot. Now let's turn to a major move in US banking Karen Bloomberg News has learned City Group is shutting down its municipal bond business. It is one of the most dramatic moves yet in CEO Jane Fraser's ongoing restructuring as she looks to squeeze better returns out of the Wall Street Giant. Bloomberg Finance team leader Sally Bakewell says although the move was expected, it is still a shock. City was an absolute powerhouse in this four trillion market for US state and for local debt. It helped on deals for some very prominent buildings in landmarks, such as the World Trade Center rebuilding the Port Authority of New York and New Jersey. It was also one of the lead underwriters Bloomberg. Sally Bakewell says City will complete the wine down by the end of the first quarter. Source to say the moves expected to effect about one hundred employees and some more news on the labor front this morning, Nathan General Motors cutting more than one thousand, three hundred hourly job. Is it a pair of plants in Michigan. It comes less than a month after GMS he unionized workforce. It proved a new labor contract the counts will take effect January. First s turned to politics Now Karen and messaging out of Washington. President Biden continues to urge Israel to be more cautious in its war with Hamas. Bloomberg z ed Baxter has the details a bit of a change from the message he's delivered for the last week. NIC spokesman John Kirby says keywords are lower intensity possible transitioning from what we would call high intensity operations, which is what we're seeing them do now, to lower intensity operations sometime, you know, in the near future, meaning more surgical operations aimed at a Moss leaders rather than the current force. Biden says the focus should be getting Hamas, but also saving civilian lives. I'm at Baxter Bloomberg Radio, all right, and thanks. Meanwhile, in Europe, Ukraine has taken a win and a loss at the EU leader summit in Brussels. The leaders have agreed to open membership talks with Ukraine, but they couldn't not agree on a new financial aid package. That debate will extend into early next year. Hungary's Victor Orbond planned the are blocked the planned fifty billion euro package despite support from the twenty six other EU leaders. The amount of newly committed Western eight for Ukraine has fallen to its lowest level since Russia's invasion almost two years ago. That has Russian President Vladimir Putin expressing renewed confidence in his war aims at his annual end of year news conference. Coming back to the ghouls, they remain unchanged, I will remind you it means the Nazification, the neutralization all of Ukraine and its neutral status. This was President Putin's first end of your news conference since he ordered the Ukraine invasion in February of last year. S and P futures are higher by three tens of one percent, up thirteen points. Now futures up one hundred and twenty five points, that's again of a third of one percent, and Nasdaq futures are about a third of one percent higher as well, up fifty three points. Global headlines straight ahead, plus a check of sports. This is Bloomberg sor Ry Nathan. Thanks. It's time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's John Tucker. John, good morning, and good morning, Karen. Google Will stop telling police witch users we're near a crime. That story in this report this morning from Bloomberg's Amy Morris, Google is changing its maps tools so the company no longer has access to users individual location histories. It cuts off its ability to respond to law enforcement warrants that ask for data on everyone who is in the vicinity of a crime. The change comes three months after a Bloomberg BusinessWeek investigation that found police across the US are increasingly using warrants to obtain location and search data from Google, even for nonviolent cases and even for people who had nothing to do with the crime. Google will roll out the changes gradually through the next year on its own Android and Apple's iOS mobile operating systems. Amy Morris Bloomberg Radio. President Biden trying to rally support among seniors, highlighting new government caps and prescription drug prices, saying the effort will help crack down on price gouging by the pharmaceutical companies. Year before we pass the cization, drug maker's jacked up prices nearly four times faster and inflation went on and they were already too high. Let's call this for what it is is, simply, it's a rip off. Under legislation passed by Democrats, pharmaceutical companies are required to pay rebates to Medicare when they increase certain drug prices passed inflation rates into Bloomberg News Morning consult Paul released Thursday, Biden trailed Donald Trump across a number of swing states. US defense officials say a cargo ship caught fire in the Red Sea this morning into being hit by a projectile launched by rebel controlled Yimmen. The attack and eyed Lightberian flag vessel further escalates a campaign by Yemmens, Iran backed Hooti rebels who claim responsibility for a series of missile assaults in recent days. A lawyer for two former election officials told members of a jury and federal court Thursday they should send a message in considering how much former Mayor Rudy Juliani should have to pay for spreading diffamatory lies about them as part of his effort three years ago to keep President Trump in office. At the last minute decision, Juliani decided not to testify as planned on Thursday. Global News twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm John Tucker, and this is Bloomberg. Karen, all right, John, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now you can get the latest news on demand, and that means you can get it whenever you want it. Subscribe to Bloomberg News Now and you can get the latest headlines right at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Scores Update with John Stashauer John Karon. Blowout in the Desert. Just a few days after the Raiders had a home game and lost to the Vikings three did nothing. They had another home game and beat the Chargers sixty three to twenty one. This game was twenty one nothing in the first quarter. It was forty two to nothing at halftime. That's a near NFL record. It was sixty three to seven midway through the fourth quarter. The Raiders rookie quarterback Adan O'Connell through four touchdown passes. The Chargers lost four fumbles. It's the most points the Raiders have ever scored in the game, and it's the most points the Chargers have ever allowed. Celtics twelve and I went home. They've be in Cleveland, won sixteen to one oh seven. Warriors now just ten and fourteen, playing without the suspended Draymond Green. They lost to the Clippers in LA. Won twenty one one thirteen. Big NBA story so far this year the Minnesota Timberwolves now eighteen and five A one nineteen one oh one win in Dallas. Luca Dompson scored thirty nine and the loss. In Sacramento's win over Oklahoma City the Aaron Fox points for the King Shay Gilgess Alexander scored forty three the loss the Thunder. George McGinnis, the Hall of Famer who played for the Pacers and Sixers, has passed away at the age of seventy three. Capital Is lost in Philadelphia four to three in a shootout in LA. On the day that the Dodgers introduced Joe Otani, they added another player, pitcher Tyler Glass, now comes from Tampa Bay with outfielder and Manuel Margo. The Rays get a couple of prospects in return. Remember, Otani is not going to pitch. He's only going to hit in twenty twenty four. Don Statieward, Bloomberg's courts Karen, all right, John, thank you. While we are watching stocks, they're set for a fifth weekly game this on the Fed pivot, and we want to discuss all of this. We're going to be bringing in Andrew Sheets, the global head of Corporate Credit research Ed Morgan Stanley, for that discussion and ahead of EDSMP futures are higher again this morning. They're up three tenths even percent of about fourteen points. Dwaen Nasdaq futures all also up three tenths of up percent. This is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syria's exam, the Bloomberg Business Appen Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. There is plenty of fuel for optimism in the US market, with the Federal Reserve signaling this week that it is in fact ready to start thinking about cutting interest rates next year. But when it comes to global central banks like the European Central Bank and the Bank of England, they're holding firm on higher for longer. So what's this mean for the outlook headed into twenty twenty four. Let's get some answers now from Andrew Sheets, global head of corporate credit research at Morgan Stanley. Andrew, it's great to speak with you this morning. So what does a more dovish FED and a more hawkish ECB mean in your world? So? I think the important starting point is that I think we've seen an evolution of the data that's much better than we or the market would have expected six months ago. You know, over the last twelve months, the US economy has grown three percent year every year, and inflation's been declining. And in Europe you've seen again inflation really start to moderate in a way that the ECB a number of central bank watchers would not have expected six months ago. So I think the important factor, the most important factor, is that this year has been all about inflation, and inflation is finally coming down, which gives these central banks a lot more flexibility to moderate policy as that happens. So again, you know, you've seen central banks react to that a little bit differently, the FED sounding a little bit more dubvish, the ECB sounding a little bit more hawkish, But I think the core message as you go into next year is these are central banks that are done hiking. They're going to be cutting, and the path is going to be easing going forward. But the path is going to be easing at a much different pace. It seems like when we hear this more hawkish tone from the likes of Madame Legarde, what could that mean for a global bond markets If we see higher for longer in the Eurozone and maybe not so much here in the US. Well, I think what the market might test is how credible that more hawkish rhetoric really is. You know, we've seen a very weak PMI data out today from the Eurozone. You're seeing inflation in the Eurozone come down quickly, and on Morgan Stanley's forecast it continues to decline quickly. And so you know, we can understand from a strategic standpoint, not wanting to ease up too early on the rhetoric run inflation, wanting to establish the ECB's credibility on inflation. But as the data continues to come in, as inflation data continues to fall, as the growth data is soft, we'd be surprised. We would not expect the ECB to continue to sound this hawkish into next year, and would expect them to be to be easing policy in line with the FED into twenty twenty four. Interesting, what about the Fed's credibility? Is there a risk that the FED pivots back the other way next year? Is that something in your forecast? It's not in our forecast. And I think the point about credibility is key. You know, credibility is everything in central banking, and I think to the credit of the FED, they are talking more dubbishly as core inflation is coming down on Morgan Stanley's estimates with the latest readings of producer price inflation six month annualized core PCE, and thinking about core PCE is the measure of inflation that the FED cares about the most. Over the last six months, core PCE in the US is running at one point nine percent. It's at the Fed's target. If anything, it's a little below. So the idea that the FED is reacting to that data, it is and it's not done anything yet. It's simply talking about the possibility that it might ease and the fact that the FED thinks the neutral rate is way down at two and a half, two and three quarters. All the FED is doing is saying, look, we have policy way above neutral. Core inflation is rapidly approaching our target. Yes, we will be easing policy next year. I think that's a credible place for the FED to operate from. What about the market credibility of they're pricing in something like what six or seven rate cuts next year when we got three from the dot plot? Do you see the FED moving more in line with the market or the other way around. So the market has moved very quickly. I mean, we had forecasts that we thought were quite dubvish when we put out our outlook in the middle of in early October, in early November, excuse me, you know we had the US tenure at three ninety five. By the end of twenty twenty four, it's more than gotten there. You know, we had three hundred basis points of FED cuts over twenty four and twenty five. Again, a lot of that's getting priced in. So I think objectively, the market's moved to price in more cutting than we have expected. But I think it's also fair to say that it is historically normal. Once the FED thinks that a central bank is done hiking. The market usually expects, usually somewhat overestimates future cuts as the market's trying to balance the probability of a FED staying on hold with something more significant, So a lot has been priced in. But I think the general idea that the market once a FED, once the FED is done, starts pricing in more cuts that is very consistent with what we've seen over prior cycles. Really good to have you on with us, Andrew, at the end of a really interesting week for central banks. That's Andrew Sheets with us this morning, Global head of Corporate Credit Research at Morgan Stanley. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast, feat at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERRIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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Fraser talks about how the bank aims to catch up with—and perhaps surpass—its rivals.

Se desata la conmoción de la noche a la mañana por Sam Altman. En Argentina, vienen días clave para los mercados y en la banca Jane Fraser avanza con la simplificación.

In its early days Citigroup styled itself as a “financial supermarket”, a one-stop shop for all kinds of banking services around the world. But that plan has backfired in recent years. Stepping up to the challenge of repairing the bank is chief executive Jane Fraser, who announced her restructuring plan in September. The FT's US banking correspondent Stephen Gandel and US banking editor Joshua Franklin discuss whether Fraser can turn the bank around, and if not, what happens to Citi. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:‘Get off the train': Citi's Jane Fraser sends tough message on big overhaulJane Fraser: the woman trying to turn Citi around Citi: Fraser the Razor needs sharper edge in her battle with The Blob - - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Stephen Gandel, (@stephengandel), Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

All eyes are on San Francisco today as U.S. President Joe Biden and Chinese leader Xi Jinping meet in a highly anticipated session during the Asia-Pacific Economic Cooperation summit being held in the U.S. for the first time in 12 years. The tightly choreographed discussions are expected to lead to announcements on a diverse array of topics from re-starting climate talks to improving military to military communications and combating the fentanyl trade. Bethany Allen, China reporter for Axios and author of Beijing Rules, joins Doorstep co-hosts Tatiana Serafin and Nikolas Gvosdev to discuss what motivates Xi and how China continues to wield its authoritarian economic statecraft to expand its illiberal influence worldwide. What can governments do to counter this influence? And what can businesses expect as Xi sits down to a $2,000-a-plate dinner with executives, including Microsoft's Satya Nadella, Citigroup's Jane Fraser, and Tesla and SpaceX's Elon Musk? For more, please go to: https://www.carnegiecouncil.org/media/series/the-doorstep/beijing-rules-bethany-allen

Chances are if you've seen any of the high-quality, professionally-produced promotional videos from Saudi government authorities or leading Saudi companies anywhere online, you've seen some incredible drone footage of Saudi Arabia. The 966 welcomes on to the program for Episode 109 Mohammed Ghazi and Abdulhadi Azouz from the aerial drone production company AZAerials, which films many of these amazing shots for high-profile public and private sector entities including the Ministry of Tourism, Ministry of Sports, Saudia Airlines, Aramco, MDLBeast, the General Entertainment Authority, Riyadh Season, Netflix, and many others. They are the Saudi-based drone operators and film producers creating the footage from the skies using state of the art drone technologies giving the world a never before seen view of a changing Kingdom. They've also worked on several of Saudi Arabia's jaw-dropping "drone light shows" at major events, creating images in the sky using hundreds or even thousands of drones for spectators below. The 966 hosts discuss their journey as Saudis growing up in America who moved to the Kingdom recently to take advantage of the significant opportunities in the filmmaking and content creation industry in Saudi Arabia and how Vision 2030 has created an opportunity for them as entrepreneurs.Before the discussion, the hosts discuss Richard's One Big Thing, which is an overview of the Kingdom's efforts to create a car industry from scratch with a diversified set of investments and initiatives that are just now gaining traction in Saudi Arabia. Then the hosts discuss Lucien's One Big Thing, which is Saudi Arabia's forecasted non-oil economic growth in 2023 and beyond. Saudi Arabia's Finance Minister Mohammed Al-Jadaan addressed Saudi Arabia's economy and fiscal situation in 2023 and beyond during his speech at the FII in Riyadh, noting that Saudi Arabia's non-oil gross domestic product (GDP) is expected to grow by around 6% this year and said it would continue to see similarly healthy growth in the years ahead.The hosts conclude as always with Yallah! 6 top storylines on Saudi Arabia to get you up to speed heading into the weekend. •A White House readout reported that President Joseph R. Biden Jr. spoke with Crown Prince and Prime Minister Mohamed bin Salman about the situation in the Middle East region.•JPMorgan CEO Jamie Dimon, Citigroup's Jane Fraser and other top names on Wall Street were in Saudi Arabia for the 7th FII investment conference as they try to look beyond risks that the Israel-Hamas war could widen into a regional conflict and deal a new blow to the global economy. •Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were "here to stay".•A “boundary-pushing” esports festival is to take place in Saudi Arabia next summer. The inaugural Esports World Cup was announced by Saudi Crown Prince Mohammed bin Salman during The New Global Sport Conference and will be held annually.•South Korea's Hyundai Engineering & Constructionand Hyundai Engineering have signed a $2.4 billion contract with oil giant Saudi Aramco to build a gas processing plant, Seoul's presidential office said on Tuesday.•NEOM has today announced the inauguration of its strategic investment arm, the NEOM Investment Fund (NIF), NEOM's wholly owned subsidiary which is set up to support the buildout and development of NEOM's 14 priority sectors and deliver long-term value while enabling creation of jobs in NEOM. 

Top Wall Street bankers said they're pessimistic about the outlook of the global economy next year with elections in the US, monetary policies and escalating Middle East tensions weighing on sentiment. Ray Dalio, Jamie Dimon, Larry Fink. Jane Fraser, Noel Quinn, David Solomon and Steve Schwarzman spoke to Carlyle Group co-founder David Rubenstein at the Future Investment Initiative in Riyadh, Saudi Arabia. See omnystudio.com/listener for privacy information.

Citigroup's Jane Fraser is looking to reinvent one of the Big Four banks. Can she do it? (00:21)Matt Frankel and Deidre Woollard discuss: - The challenges facing Citgroup. - Why big banks have to get serious about high-yield accounts. - Charles Schwab's opportunity to build an integrated platform. (19:49)  Mark Dixon, CEO of IWG, talks to Deidre Woollard about the changing role of the office in business life. Get your Stock Advisor discount here:  www.fool.com/mfmdiscount Companies discussed: C, IWG, SOFI, WFC, BAC, JPM, ALLY Host: Deidre Woollard Guests: Matt Frankel, Mark Dixon Producer: Ricky Mulvey Engineers: Annie Pope, Dan Boyd

In this CNBC exclusive, Citigroup CEO Jane Fraser joins Sara Eisen to discuss the vision behind splitting Citi into five business units, whether layoffs are part of the restructuring plan, and how the company intends to unlock more value.

On this day in legal history, September 14, 1918, Eugene Debs was sentenced to ten years in prison for opposing the United States entry into World War I. In the early 20th century, Eugene V. Debs, a prominent socialist and labor organizer, rose to prominence as a vocal critic of capitalist structures and the American involvement in the First World War. Born to French immigrants in Indiana, Debs left school at 14 to work on the railways, a decision that sparked his lifelong commitment to labor rights. Over the years, he became a significant figure in the labor movement, aligning with the Democratic Party and even serving a term in the state legislature.In the mid-1890s, after departing from the Brotherhood of Locomotive Firemen over disagreements about its direction, Debs formed the American Railway Union (ARU), envisioning it as a united front for railway workers. Despite early victories, the ARU met a crushing defeat during the Pullman Strike of 1894, which saw Debs imprisoned and led him to reassess his political stance, firmly adopting socialism. In the following years, Debs became the face of the burgeoning Socialist Party in the US, running for president multiple times under its banner.By the time World War I approached, Debs and the Socialist Party vehemently opposed American involvement, viewing it as a venture serving corporate interests at the expense of the working class. Despite shifts in public opinion favoring the war, they maintained their anti-war stance, drawing the ire of the government, especially after the enactment of the Espionage Act of 1917 which penalized interference with military operations or recruitment.In 1918, Debs delivered a fiery speech in Canton, Ohio, criticizing the war and the government's manipulation of the working class. This act brought him under the scrutiny of the U.S. Department of Justice, leading to his arrest and subsequent conviction for sedition under the Espionage Act, a move that Debs viewed as an unconstitutional curb on free speech. Despite a swift and largely predetermined trial, Debs utilized his court appearance as a platform to defend his views and the principle of free speech. Sentenced to ten years in prison on September 14, 1918, Debs remained undeterred, utilizing his time behind bars to continue advocating for socialism, albeit without preaching to his fellow inmates. Even as World War I came to an end, the judiciary upheld Debs' conviction, showcasing the government's stringent stance against anti-war and socialist narratives during this tumultuous period in American history.In the lead-up to the 1920 presidential election, Debs made his fifth bid for the presidency as a socialist candidate, even as he campaigned from prison where he was serving out his ten year sentence. Despite his incarceration, Debs' anti-war message resonated with a significant portion of the American populace, securing nearly a million votes–for context, the winner, Warren Harding, had about 16 million votes. Debs' efforts were somewhat vindicated when President Harding commuted his sentence in 1921, and he was released amidst applause from fellow inmates and at least a portion of the American populace. After a brief meeting with Harding in Washington D.C., he returned to a warm welcome in his hometown. However, his declining health coupled with the diminishing popularity of the Socialist Party marked the end of his active political life; Debs passed away in 1926, leaving a lasting impact on American politics.Though perhaps most notably, and perhaps the final insult for Debs, is his forever being referred to when someone wants to make the point that a presidential candidate could theoretically run from prison. Invariably, that has connected his name to some sordid characters through the years.The hacking group Scattered Spider, also known as UNC3944, targeted MGM Resorts International, a renowned gaming giant valued at $14 billion, causing significant system disruptions across various operations including in locations like Las Vegas and Macau. A significant cybersecurity issue prompted the company to shut down several of its systems as it undertakes an in-depth investigation into the breach. Notably, MGM Resorts operates over 30 hotels and gaming venues globally. The breach, which had a noticeable impact on MGM's daily operations, including the disabling of slot machines as per social media posts, has spurred a law enforcement probe. Simultaneously, it is affecting the company's stock shares adversely, with a potential detrimental effect on MGM's credit rating as warned by Moody's.Scattered Spider has a track record of targeting not just business process outsourcing (BPO) and telecom companies, but more recently critical infrastructure organizations, utilizing complex tradecraft which is challenging to defend against, even for organizations with mature security systems. Despite the relatively young and perhaps less experienced demographic of the group, they represent a substantial threat to large organizations in the U.S, as noted by Charles Carmakal of Mandiant Intelligence. According to security firm Crowdstrike, the group often employs social engineering tactics to manipulate users into relinquishing sensitive login details, which helps them to bypass multi-factor authentication security measures.The ongoing FBI investigation into the incident underlines the seriousness of the threat posed by the group, which appears to have turned its focus onto casino operations, finding them to be lucrative targets for financially-motivated cybercrimes. Casinos, heavily reliant on technology for their business operations, face heightened risks and operational disruptions from such cyber-attacks. Given the current focus on casinos, industry experts like Allan Liska of Recorded Future advise global casino operations to be on heightened alert, as the attention garnered by these incidents could spur copycat attacks. This situation demonstrates the inherent risks in the heavy reliance on technology in business operations, as noted in a Moody's report, and indicates a pressing need for fortified cybersecurity measures in the industry.MGM, Caesars Hacked by ‘Scattered Spider' in Span of Weeks (2)MGM Resorts breached by 'Scattered Spider' hackers: sources | ReutersAs backlash against diversity, equity, and inclusion (DEI) initiatives mounts, several prominent law firms are altering their strategies both internally and for their clients. Gibson Dunn & Crutcher revised its diversity scholarship criteria recently, emphasizing the eligibility of all law students demonstrating a commitment to diversity in the profession, as confirmed by chief diversity officer Zakiyyah Salim-Williams. Moreover, McGuireWoods has joined other firms in forming dedicated teams to help clients navigate the increasing scrutiny and legal challenges targeted at corporate DEI programs, aiming to minimize legal risks and advising on government investigations pertaining to diversity policies. This move comes as a response to escalating legal threats following the U.S. Supreme Court's decision against race-conscious admissions policies in colleges, which spurred wider challenges to diversity initiatives. Concurrently, several law firms, including Morrison & Foerster and Perkins Coie, are defending against lawsuits alleging that their diversity fellowships discriminate against white applicants. These shifts denote a broader trend where law firms are reevaluating and amending their DEI programs to avoid potential legal confrontations while maintaining their diversity goals.Gibson Dunn Changes Diversity Award Criteria as Firms Face SuitsLaw firms target DEI backlash as their own diversity programs draw fireCitigroup Inc. is gearing up for a significant restructuring initiative, the largest in two decades, under the direction of CEO Jane Fraser. This move, aimed at reversing a persistent decline in the stock price, will see the company operate five primary businesses, doing away with the roles of three regional chiefs who supervised activities in approximately 160 countries. A reshuffle at the top echelons sees new roles for at least four of Fraser's senior deputies, and a search is underway for a head of banking. This structural overhaul is anticipated to lead to numerous job cuts, particularly in back-office functions, although precise numbers are yet to be determined.Fraser acknowledges that these tough decisions might not be well-received universally within the company. Despite a recent rise, the company's shares have plummeted around 40% since Fraser assumed her role in early 2021. The newly formed five main operating units are spearheaded by Shahmir Khaliq, Andy Morton, Gonzalo Luchetti, Peter Babej (interim), and soon-to-join Andy Sieg. This adjustment is predicted to enhance coordination within the company, albeit with risks of unwanted exits and internal discord, as noted by Wells Fargo analyst, Mike Mayo. As the firm gears up to reduce its burgeoning workforce, which currently stands at 240,000, a significant focus will be on evaluating positions tied to eliminated sectors and regions.Citi Plans Job Cuts as It Revamps Top Management Structure (4)The Town of Westport in Connecticut is suing the IRS to reclaim approximately $466,638, alleging that the federal agency incorrectly assessed and collected taxes in the 2020 tax year. According to the lawsuit filed in the US District Court for the District of Connecticut, the IRS wrongly applied $354,302 and $88,440, which the town had paid in payroll taxes for the second quarter, to the first quarter of the same year. Consequently, a $4.5 million payroll tax deposit made by the town in the first quarter was mistakenly treated as a credit for other taxable years, creating an “artificial deficit” in 2020 and resulting in overpayments in other tax periods.The town also contends that the IRS transferred $113,300 from the 2020 first quarter funds to settle a civil penalty from the fourth quarter of 2018, but failed to inform the town until September 2020. This mistake has apparently generated erroneous penalties for underpayment in various tax quarters. Despite Westport's requests for refunds, they haven't received any response from the IRS, which also hasn't commented on the case publicly. Connecticut Town Sues US to Recover $460,000 in Tax Refunds Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Dr. Jeanine Cook-Garard learns about an organization that provides free online resources, services and support to those who stutter, as well as support for research into the causes of stuttering. She speaks with Jane Fraser, president of the Stuttering Foundation.

Citigroup Inc. Chief Executive Officer Jane Fraser discusses the global banking system after a week of turmoil for Silicon Valley Bank, First Republic and Credit Suisse. She speaks on "The David Rubenstein Show: Peer-to-Peer Conversations" recorded March 22 in Washington.See omnystudio.com/listener for privacy information.

Citigroup Inc. Chief Executive Officer Jane Fraser discusses the global banking system after a week of turmoil for Silicon Valley Bank, First Republic and Credit Suisse. She speaks on "The David Rubenstein Show: Peer-to-Peer Conversations" recorded March 22 in Washington.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Citigroup CEO Jane Fraser says recent bank failures were isolated 2) The Federal Reserve and the bond market disagree over future rate hikes 3) US stock futures rebound from yesterday's losses  See omnystudio.com/listener for privacy information.

As the global banking industry experiences a precarious period, inflation remains high, and the worldwide economy continues to recover, Citi CEO Jane Fraser joins David Rubenstein for a wide-ranging conversation.

La búsqueda por US$1.000 millones, Jane Fraser se gana la compensación, Amazon entra a la carrera de la IA y la ventaja de nunca haber abierto un teléfono nuevo. [Contenido Patrocinado por PepsiCo. Conoce más aquí]

Dr. Jane Fraser was born in Edinburgh, Scotland. She earned her veterinary degree from the University of Edinburgh in 1973. She then went into mixed animal practice in the north of England, followed by locums in Zimbabwe, South Africa, and New Zealand before returning to Scotland.She then worked as a government veterinarian in Papua, New Guinea for two years followed by positions in Australia and Kenya. She moved back to South Africa to do locum work in 1985 and has been there since. She became interested in therapeutic alternatives for her patients, and attended the American Holistic Veterinary Medical Association conference in 1984. Afterwards, she traveled around the United States, visiting the holistic practices of Drs. John Limehouse, Allen Schoen, and Ihor Basko. She began a Vet MFHom program in London in the early 1980's as well, and also did locums for Dr. George MacLeod. She did the IVAS acupuncture course in the UK in 2000 and has attended a number of IVAS and AHVMA conferences over the years. In South Africa, she and some colleagues formed a Complementary Veterinary Medicine group that hosted continuing education lectures from a number of doctors including Barbara Fougere, Joe Demers, and Allen Schoen. Dr. Fraser started a holistic practice in her home in South Africa, and she still sees patients there today.Please enjoy this conversation with Dr. Jane Fraser as we discuss her education, early practice life, holistic education, and get her advice on how to have a long and fulfilling career in veterinary medicine.

La CEO de Citi se reunirá con AMLO, el subsecretario de Hacienda responde dudas sobre la deuda, Elon Musk cumple, la automotriz entra a la guerra de precios y Baidu prepara su propia herramienta. [Contenido Patrocinado por PepsiCo. Conoce más aquí]

Remote working is not working, that's according to British Chief of Citigroup, Jane Fraser. She said slackers should be hauled back into the office until their productivity improves. To discuss this further we heard from Peter Cosgrove, Managing director at Futurewise.

Our anchors begin today's show with Citi CEO Jane Fraser offering her outlook for rate hikes, inflation and consumer demand at the World Economic Forum's annual meeting in Davos, Switzerland. Then, Requisite Capital Management Managing Partner Bryn Talkington shares her top tech mega-cap picks, and our Julia Boorstin reports on Disney firing back at activist investor Nelson Peltz. Next, Wells Fargo Chairman of Global Internet Investment Banking Bob Peck breaks down the current environment for M&A, and Splunk CEO Gary Steele weighs in on cybersecurity and the cloud. Later, Guggenheim Partners analyst John DiFucci joins after downgrading Microsoft to a sell rating.

In this final Leadership Next of 2022, Alan Murray and Ellen McGirt are joined by Joe Ucuzoglu, CEO of Deloitte and long-time supporter of the podcast. The team talks through how the biggest news of the year impacted CEO leadership, and discusses what's ahead for business in 2023. You'll also hear thoughts, reflections and advice from CEOs featured throughout this season, including Doug McMillon of Walmart, Jane Fraser of Citi and Albert Bourla of Pfizer. Leadership Next will return with more interviews in January of 2023. Subscribe to be the first to know when we return!

Jane Fraser became CEO of Citi in March 2021- a difficult time for the world and for the bank. Fraser was expected to turn around a bank that had struggled to recover from the 2008 financial crisis when it took a $45 million government bailout in order to survive. Luckily, Fraser was prepared for the challenge. She had already navigated economic crises in Venezuela, Argentina and Puerto Rico in her previous role as CEO of Citigroup Latin America. In this episode of Leadership Next, hosts Alan Murray and Ellen McGirt speak with Fraser about why focusing on culture is essential to turning Citi around and why she is committed to making empathy a key initiative in banking. She explains her approach to true inclusion in the workplace and why equity is essential to successful investing. Fraser also shares her thoughts on the current state of the economy, the return-to-office debate and how the crypto meltdown has impacted traditional banking. She also speaks candidly about her journey towards the CEO role as a woman and a mother.

Feliks Banel on the restoration of Nettie Asberry's Tacoma home // Mike Salk in the Mariners' 13-inning win over the Yankees // Hanna Scott on US House hearing at Seattle City Council // Dose of Kindness -- compassion and sportsmanship at the Little League playoffs // Gee Scott on expectations that students are treated fairly // Jane Fraser, president of the Stuttering Foundation of America // Rachel Belle on the virtues of occasionally doing nothingSee omnystudio.com/listener for privacy information.

My guest in this episode is Morgan McKenney. She is the CEO of Provenance Blockchain Foundation, a public blockchain built specifically for financial services and used by over 50 financial institutions today. In this role, she is focused on helping financial services participants leverage the value of digital money, digital assets, and blockchain to transform financial services and deliver material business and customer value. Before Provenance Blockchain, she was a special advisor to Centre, focused on the trusted use of stablecoins starting with USDC. She spent nearly 18 years at Citi in various senior operating roles worldwide. I met Morgan in Hong Kong – we used to work together for 4 years. Then she went back to the US, where she became the COO of Citi's Global Consumer Banking business, reporting to Jane Fraser, the current CEO of Citibank. In our conversation, we spoke about her fascinating career journey, the skills that helped her career grow, the importance of international assignments, her career after leaving a large financial institution, and much more! I asked her to share three key takeaways to help with career change. She added a bonus one, so here are her FOUR essential pieces of advice: Take the stretch role; take leaps in your career to maximize your potential. Be in tune with what motivates you: like your boss and like your content. Embrace change as an opportunity to learn. Collaborate and extend a helping hand, and nurture your network.

We hear from Spanish prime minister Pedro Sanchez who says the war in Ukraine is hampering the EU recovery but remains optimistic over the bloc's unity and strong fundamentals. Speaking at a CNBC panel at the World Economic Forum in Davos, IMF managing director Kristalina Georgieva warns of increasing economic challenges while Citi boss Jane Fraser believes a recession is inevitable. We also hear from Banque de France governor François Villeroy de Galhau who says July and September hikes by the ECB are a given. U.S. markets see a banks rally but a profit warning from social media giant Snap drives tech futures on the Nasdaq lower. And in Tokyo, Quad nations agree to a new satellite-based maritime initiative in a bid to counter China.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Citigroup's stock is selling at the same price it held when John Reed was CEO back in 1993, according to Bloomberg. That's what DICK BOVE, chief financial strategist at Odeon Capital Group, notes in his latest report. “It is at a 20 percent plus discount to book value. Clearly, investors have lost faith in the company,” he says. "So, what went wrong and why is this company still around?” BOVE asks. “I would argue that the core problem with this company goes back to [its former CEO] Walter Wriston's belief in Spenserian management. By pitting one manager against another the bank became silo-ized. Everyone paid attention to his/her turf to the exclusion of the company. The enemy was not across the street, s/he was across the hall.” BOVE lays out his case for Citi in this episode and assesses the task ahead for and performance of Citi CEO JANE FRASER. In this same episode, BOVE also discusses his new research on Fannie Mae, describing its huge balance sheet as a “lie.” Fannie Mae, the largest holder of home mortgages in the US, is at the heart of a deteriorating home buyers market in the nation, he says. BOVE contends that Fannie Mae is able to avoid common accounting standards and, in essence, "state whatever it so chooses." Fannie's style with language and disclosure, he says, is akin to what happens in George Orwell's 1984, where an oppressive government develops a language called Newspeak. Fannie, BOVE says, is run on grim socialistic terms with staff exiting in droves. This episode also looks at the impact of the latest interest rate rises by the Federal Reserve in the face of rising prices and inflation. Odeon's MAT VAN ALYSTYE notes that the era of easy money, and the legacy of quantitative easing, is still here despite the Fed's initial efforts at curbing inflation and scaling back its balance sheet. That's because interest rates have only risen 75 basis pounds since the latest round of increases while Fed tightening of its balance sheet has yet to earnestly occur, he says. BOVE and VAN ALYSTYNE are joined by journalist JOHN AIDAN BYRNE in this lively and informative show on all things money and markets

The stock market is gyrating wildly in light of Putin's aggression in Ukraine, but Wall Street traders are doing just fine. Bad news is good news for traders who make money off volatility. After all, in the year of Delta and Omicron, climate chaos, Trump Republican attacks on democracy, bitter divisiveness, a calamitous exit from Afghanistan, and accelerating inflation, the Street's biggest banks have reaped record profits. Bonuses are through the front Porsche. Hundreds of traders have racked up seven and eight-figure bonanzas. Morgan Stanley paid out $35 million to its CEO, James Gorman. Goldman Sachs, $35 million to David Solomon. Bank of America, $32 million to Brian Moynihan. Citigroup, $22.5 million to Jane Fraser. Not the least, JPMorgan, which paid out $34.5 million to Jamie Dimon — plus a retention bonus of $50 million. Dimon has become a spokesman for the Street and one of the most influential CEOs on Capitol Hill. His public statements are a barometer for what America's financial oligarchs are thinking. They are not fretting about what the Fed's incipient fight against inflation is likely to do to jobs and wages. They're not worried about the shrinkage of America's middle class or the precariousness of the working class and poor. They aren't even particularly worried about Putin's invasion of Ukraine. But they have been unsettled by what they consider to be creeping socialism. In an annual letter to JPMorgan shareholders, Dimon warned that socialism would be a “disaster for our country” because it produces “stagnation, corruption and often worse.” It should be remembered that Dimon was at the helm in 2008 when JPMorgan received a $25 billion socialist-like bailout after it and other Wall Street banks almost tanked because of their reckless loans. Instead of letting the market punish the banks (which is what capitalism is supposed to do), the Obama administration bailed them out and eventually levied paltry fines which the banks treated as the cost of doing business. According to the Justice Department, JPMorgan acknowledged it had regularly and knowingly sold mortgages that should have never been sold. (Presumably this is where the “stagnation, corruption and often worse” come in.) Millions of Americans lost their homes, savings, and jobs in the financial crisis. But neither Dimon nor any other top Wall Street executive was held accountable. If this isn't socialism for rich bankers, what is it?America's five largest banks, including Dimon's JPMorgan, now control almost half of all deposits, up from 12 percent in the early 1990s. Because of their size, these banks are now considered “too big to fail.” This translates into a hidden subsidy of some $83 billion a year — the total estimated discount that creditors and depositors give banks whose solvency is effectively guaranteed by the government. More socialism for rich bankers.Dimon was instrumental in getting the big Trump tax cuts through Congress. They have saved JPMorgan and the other big banks over $50 billion so far. But Dimon and JPMorgan are doing their bit to make sure average Americans experience the full consequences of harsh capitalism. Although federal regulators waived overdraft fees for big banks when the economy took a dive in 2020, Dimon and JPMorgan refused to waive overdraft fees for borrowers struggling to make ends meet amid pandemic lockdowns. Dimon and JPMorgan reaped $1.46 billion in overdraft fees — the most of any big bank. Dimon is a registered Democrat and a major fundraiser for the Democratic Party. He warns that income inequality is dividing America, and laments that a “big chunk” of Americans have been left behind. Announcing a $350m program to train workers for the jobs of the future, he expressed concern that 40 percent of Americans made less than $15 an hour.If Dimon were serious about the problem of widening inequality, presumably he'd use his lobbying prowess to help raise the federal minimum wage and to make the refundable Child Tax Credit permanent. He'd also try to make it easier for workers to unionize, and to raise taxes on the super-wealthy like himself. Do not hold your breath. Dimon isn't really concerned about widening inequality. He's not really concerned about socialism, either. Nor about any of the other crises hitting America, which expose Americans to more economic uncertainty and insecurity than the citizens of any other advanced economy. His real worry is that one day America might end the type of socialism he and other denizens of Wall Street depend on – bailouts, regulatory loopholes, subsidies, and tax breaks. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe