Todd Gillespie
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Citigroup's Money-Moving Business: A Reliable Source of Profit and Global Reach with Risks
Broke On: Monday, 17 June 2024Citigroup, a global financial services company, highlights its money-moving services division as a key focus for profitability. Accounting for nearly half of Citigroup's profits in the last quarter, this division manages and moves cash globally for major clients like Amazon, Uber, and the US government. The business handles payments processing and capital flows while benefiting from higher interest rates. With an extensive network integrated with foreign-exchange teams, Citigroup showcases its competitive advantage during an investor day on June 18. Citigroup's Money-Moving Business: A Reliable Source of Profit and Global Reach with Risks
Broke On: Monday, 17 June 2024Citigroup, a global financial services company, highlights its money-moving services division as a key focus for profitability. Accounting for nearly half of Citigroup's profits in the last quarter, this division manages and moves cash globally for major clients like Amazon, Uber, and the US government. The business handles payments processing and capital flows while benefiting from higher interest rates. With an extensive network integrated with foreign-exchange teams, Citigroup showcases its competitive advantage during an investor day on June 18.