Citigroup Q4 2025: Profits Dip Despite Strong Banking Growth
Citigroup's (C) Q4 2025 profit fell 13% due to Russia exit loss, but investment banking fees surged 35% and adjusted earnings beat estimates as CEO Fraser's turnaround gains traction.
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Quantinuum Plans IPO as Quantum Computing Goes Public
Honeywell's quantum computing unit Quantinuum prepares for IPO filing with $11B valuation, backed by Nvidia and major investors for breakthrough computing technology.
China Investigates Trip.com for Alleged Monopoly Abuse Ahead of Holiday Rush
China's market regulator probes Trip.com Group for antitrust violations, accusing the dominant travel platform of abusing market power. Shares drop 6.5% as investigation unfolds.
Strong Net Interest Income and Trading Volatility Drive BofA’s Q4 Earnings Win
Bank of America surpassed expectations, reporting a profit of $7.6 billion. High interest and trading helped, and the CEO remains optimistic.
Wells Fargo Misses Profit Estimates Amid Higher Severance Costs
Wells Fargo’s Q4 2025 earnings fell short of analyst expectations due to $612M in severance expenses and lower net interest income.
China Moves to Ban U.S. and Israeli Cybersecurity Software
China has reportedly told local companies to stop using some U.S. and Israeli cybersecurity software, citing national security concerns amid rising tech tensions.