Tag: Citigroup

Zacks Earnings Trends Highlights: JPMorgan and Citigroup

For Immediate Release

Chicago, IL – October 8, 2020 – Zacks Director of Research Sheraz Mian says, “Overall profitability will remain constrained by a difficult interest rate environment, partly offset by continued momentum in capital markets businesses”

Q3 Bank Earnings in the Spotlight Next Week

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Here are the key points:

  • The big banks that will kick-start the Q3 earnings season for the Finance sector are expected to have fewer credit-quality issues relative to the first half, but overall profitability will remain constrained by a difficult interest rate environment, partly offset by continued momentum in capital markets businesses.
     
  • This earnings season is expected to show continued improvement in the overall outlook, a trend that has been in
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Citigroup fires tech executive who ran popular QAnon website

Citigroup has fired a senior vice president in the bank’s technology department after probing his outside job running the most prominent website devoted to QAnon, a debunked yet popular conspiracy theory

Jason Gelinas was put on paid leave in September after being identified as the person behind the site QMap.pub and related mobile apps. His role was first reported by Logically.ai, a fact-checking site.

“Mr. Gelinas is no longer employed by Citi. Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action,” a spokesperson for the bank told CBS MoneyWatch.

“As outlined in our code of conduct, employees are required to disclose and obtain approvals for outside business activities,” the spokesperson added.

It was hardly a typical side hustle, according to media accounts of Gelinas’s alleged moonlighting. The former Citi executive is credited with helping transform

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Citigroup fires executive Jason Gelinas for running a QAnon website

Citigroup has fired an executive who was unmasked last month as the operator of a popular QAnon website.

Jason Gelinas, a senior vice president in Citi’s technology group, got a pink slip from the $1.9 trillion megabank after it was discovered he was running QMap, a user-friendly website that collected and organized the various postings of Q, the pseudonym of QAnon’s mysterious founder and leader of the controversial conspiracy group.

“Mr. Gelinas is no longer employed by Citi,” a company spokesperson said in a statement. “Our Code of Conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action.”

The spokesperson didn’t elaborate, but last month the bank had said “employees are required to disclose and obtain approvals for outside business activities.” At the time, multiple reports had found that Gelinas was earning more than $3,000 a month from the crowdfunding

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Citigroup Worker Ran Popular QAnon Site That Claimed John McCain Was Killed by Military Tribunal

Citigroup has fired a New Jersey-based worker who was found to run a hugely popular QAnon conspiracy theory website which attracted millions of visitors.

Jason Gelinas has been on leave since mid-September after it emerged he was the “sole developer and mouthpiece” of the Qmap.pub website following an investigation by fact checking group Logically.ai.

The site, which posted baseless QAnon conspiracy theories, was attracting 10 million visitors a month during the height of its popularity before it went offline, according to the traffic-tracking firm SimilarWeb.

It is also reported that the Gelinas was pulling in around $3,320 a month from donations via Patreon to keep the site running.

In a lengthy report detailing the site’s history, Bloomberg News credits Qmap for helping shift QAnon—which believes President Donald Trump is waging a secret war against high-profile Satan-worshipping pedophiles and will soon start taking them down—from the

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Citigroup fires employee who ran QAnon conspiracy website



a man wearing a neck tie


© Provided by City AM


Citigroup has sacked an employee in its technology department after it emerged he ran a popular website dedicated to the QAnon conspiracy theory.

Jason Gelinas, who worked as an information technology specialist, was identified by fact checking website Logically.ai as the operator of the website QMap.pub.

Read more: HSBC, Citi, Goldman and Deutsche Bank pause plans to return to office

He was initially placed on leave from the investment bank but has since been fired, Bloomberg first reported.

“Mr. Gelinas is no longer employed by Citi,” Citigroup said in a statement. “Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action.”

Citi’s code of conduct states that staff members must inform managers in advance if they plan to engage in paid business activity outside the company.

Gelinas reportedly earned more than $3,000

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Citigroup terminates manager for role in running QAnon website -Bloomberg News

Oct 6 (Reuters)Citigroup Inc C.N has terminated a manager in its technology department following an investigation into his role as the operator of a website dedicated to the QAnon conspiracy theory, Bloomberg News reported on Tuesday.

The manager, Jason Gelinas, had been placed on paid leave after he was identified on Sept. 10 by the fact-checking site Logically.ai as the operator of the website QMap.pub and its associated mobile apps, according to the report.

QAnon followers espouse an intertwined series of beliefs, based on anonymous web postings from “Q”, who claims to have insider knowledge of the Trump administration.

A core tenet of the conspiracy theory is that U.S. President Donald Trump is secretly fighting a cabal of child-sex predators that includes prominent Democrats, Hollywood elites and “deep state” allies.

Citigroup did not immediately respond to a Reuters request for comment.

(Reporting by Abhishek Manikandan in Bengaluru; Editing

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Citigroup terminates manager involved in running QAnon website

Changes source, adds statement from Citi

Oct 6 (Reuters)Citigroup Inc C.N said on Tuesday that it terminated a manager in its technology department following an investigation into his role as the operator of a popular website dedicated to the unfounded QAnon conspiracy theory.

Jason Gelinas had been placed on paid leave last month after he was identified as the operator of the website QMap.pub and its associated mobile apps by fact-checking site Logically.ai.

“Mr. Gelinas is no longer employed by Citi. Our Code of Conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action,” the bank said in a statement.

QAnon followers espouse an intertwined series of beliefs, based on anonymous web postings from “Q”, who claims to have insider knowledge of the Trump administration.

QAnon has become a “big tent” conspiracy theory encompassing misinformation about topics

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Citigroup fires employee who ran QAnon conspiracy theory website

  • Citigroup has fired an employee who ran a website dedicated to QAnon, the far-right conspiracy theory alleging that President Donald Trump is fighting a cabal of human traffickers. 
  • Jason Gelinas, a New Jersey employee of the company, was previously put on paid leave when Logically.ai reported that he operated QMap.pub, a main aggregator of “Q drops,” the messages that are the foundation of the conspiracy theory. 
  • Gelinas’ QAnon website earned 10 million monthly visitors, according to the analytics firm SimilarWeb.  
  • Visit Business Insider’s homepage for more stories.

Citigroup has fired an employee who ran a popular website dedicated to the QAnon conspiracy theory, Bloomberg News first reported on Tuesday. 

Jason Gelinas, a New Jersey man who worked at Citigroup as an information technology specialist, operated the website QMap.pub, which recently earned 10 million average monthly views, according to data from SimilarWeb, a digital analytics firm. 

A spokesperson for Citigroup told

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Zilingo CFO Perry Resigns to Return to Citigroup for Tech Deals

The logo of Zilingo Pte is displayed on a window at the company's office in Singapore.

Photographer: Ore Huiying/Bloomberg

James Perry, chief financial officer of Singapore’s Zilingo Pte, has resigned from the online fashion marketplace, according to people familiar with the matter, marking a high-profile departure at the once-flourishing startup that has struggled since the coronavirus outbreak.

Perry will return to Citigroup Inc. as Singapore-based managing director and co-head of technology investment banking for Asia Pacific, the people said, asking not to identified because the information is private.

Zilingo didn’t immediately provide a comment. Perry declined to comment when reached on Monday.

The veteran dealmaker joined Zilingo about a year ago after the startup secured a funding from investors including Temasek Holdings Pte and Sequoia Capital in early 2019. Before that, Perry had served as managing director and head of technology investment banking for Citigroup in Asia

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JPMorgan Chase, Citigroup, PepsiCo and Micron Technology are part of Zacks Earnings Preview

For Immediate Release

Chicago, IL – September 28, 2020 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes JPMorgan Chase & Co. JPM, Citigroup Inc. C, PepsiCo, Inc. PEP and Micron Technology, Inc. MU.

Handicapping Q3 Earnings Season

The overall earnings picture has been steadily improving over the last three months as big parts of the U.S. economy have started coming out of the pandemic-driven lockdown. The market will be looking for this improving earnings trend to accelerate in the Q3 earnings season.

The wide majority of companies have fiscal quarters that correspond with the calendar quarters, which is September 30th for Q3. These calendar-quarter companies will start reporting Q3 results after September 30th. Back in the day when Alcoa was in all the major indexes, the aluminum producer was generally seen as kick-starting quarterly reporting cycles.

The rump Alcoa

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