I closed $C 20240920 62.5 CALL$ ,Closed 5 lots position at 13 and 14c with the quick jump in stock price after fed decision. Didn’t have time to react and change price but all is well. At least managed to break even overall on the trade
Citi’s China Expansion Stalls: Investment Strategies Amid Regulatory Hurdles
Overview of the Market: Citigroup’s $Citigroup(C)$ expansion plans in China have hit a roadblock due to resistance from U.S. regulators. After being fined $136 million by the Federal Reserve for data management and risk control issues in July, Citi’s attempts to establish an independent securities company in China are now delayed as it awaits a clearance letter from the Fed. This delay, coupled with geopolitical tensions and a slowing Chinese economy, has impacted global banks like Goldman Sachs and JPMorgan in China. However, Citi remains in talks with Chinese regulators and is determined to push forward. Impact on Financial Stocks: This regulatory roadblock highlights the broader challenge faced by major U.S. b