Major banks including Barclays, Citigroup Inc (NYSE:C) and Royal Bank of Scotland have frozen bonuses across large parts of their foreign exchange trading teams in light of the investigation into manipulation of forex benchmarks, the Financial Times reports. Citigroup Inc (NYSE:C) stock performance was -0.95% in last session and finished the day at $46.88. Traded volume was 26.14million shares in the last session and the average volume of the stock remained 26.73million shares. The beta of the stock remained 2.36. Citigroup Inc (NYSE:C) insider ownership is 0.10%.
Economists at UBS AG, Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. and Nomura Holdings Inc. have cut forecasts for Chinese growth after disappointing data fueled speculation the nation may not meet its 7.5 percent economic-expansion target for 2014. Bank of America Corp (NYSE:BAC) dropped -2.10 percent to $16.80 Friday on volume of 131.30million shares. The intra-day range of the stock was $16.76 to $17.22. Bank of America Corp (NYSE:BAC) has a market capitalization of $177.54billion.
“Investors are pretty nervous about the China story at the moment,” Adrian Mowat, Hong Kong-based chief Asia and emerging-market strategist at JPMorgan Chase & Co. (NYSE:JPM), said in an interview on Bloomberg Television. JPMorgan Chase & Co. (NYSE:JPM)’s stock on Mar 14, 2014 reported a decrease of -1.08% to the closing price of $56.80. Its fifty two weeks range is $46.05 -$59.82. The total market capitalization recorded $215.09billion. The overall volume in the last trading session was 18.64million shares. In its share capital, JPMorgan Chase & Co. (NYSE:JPM) has 3.76billion outstanding shares.
In January, Desmond hired Barclays PLC (ADR) (NYSE:BCS) to look for buyers for the television network. He was aiming to raise about £700 million ($1.16 billion) through the sale, according to media speculation. On Friday, shares of Barclays PLC (ADR) (NYSE:BCS) dropped -1.34% to close the day at $15.46. Company return on investment (ROI) is 10.30% and its monthly performance is recorded as -10.01%. Barclays PLC (ADR) (NYSE:BCS) quarterly revenue growth is -7.59%.