On Monday, Shares of Citigroup Inc. (NYSE:C), gained 0.68% to $54.45.
Citi declared that Douglas Trauber will join its Corporate and Investment Banking group in August as Global Co-Head of Retail. Once in this role, Douglas will oversee coverage for Citi’s Retail banking team.
Douglas brings nearly 20 years of Retail and Consumer banking experience to Citi. He joins Citi from Credit Suisse, where he has been the Head of Retail, leading client coverage across the retail sector, counting supermarkets, discounters and drug stores, in addition to department and specialty stores.
Preceding to Credit Suisse, Douglas served as Executive Director of UBS’s Retail and Consumer Industry group. Douglas started his career as an Analyst and Associate at Credit Suisse.
Douglas will work closely with Richard Moriarty, his partner as Global Co-Head of Retail. He is a graduate of The Wharton School and Washington University in St. Louis.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of Fifth Third Bancorp (NASDAQ:FITB), declined -0.86% to $20.07, during its last trading session.
Fifth Third Bancorp, declared the appointment of Jorge L. Benitez to the Bancorp Board of Directors.
Benitez served clients in the chemicals, energy, retail, automotive, consumer goods and services and life sciences industries before retiring from Accenture in 2014. His skills and expertise comprise large-scale transformations, enterprise system implementations, change administration and leadership development.
Benitez has served on multiple boards and forums, counting The Business Roundtable, the U.S. Chamber of Commerce Board, Chief Executive 50, Global 100, Change the Equation Board, the Business for Higher Education Forum, the Leukemia and Lymphoma Society Board and the Warrington School of Business at the University of Florida. Benitez also is a graduate of that university.
Over his long career, Benitez has been recognized for his impact on business and the Latino community. Hispanic Business Magazine named him to its 2011 Top 25 Corporate Elite, and in 2004, he was selected as one the 100 most influential Hispanics in the United States. Diversity Inc. recognized him as one of its “People on the Move” in 2011, and in 2012, he was welcomed into the U.S. Hispanic Chamber of Commerce CEO Circle.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.
At the end of Monday’s trade, Shares of Denbury Resources Inc. (NYSE:DNR), lost -4.61% to $7.03, as both WTI and Brent crude traded in negative territory on a stronger dollar and concerns over the Organization of the Petroleum Exporting Countries’ oil output, according to Reuters.
Oil prices closed lower from the previous session’s rally. U.S. crude settled down 0.2% to $60.20 a barrel, while front-month Brent crude closed at $64.80 a barrel.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
Finally, Duke Energy Corporation (NYSE:DUK), ended its last trade with 0.36% gain, and closed at $76.
Duke Energy Florida, received approval to build, own and operate a 5-megawatt solar facility that will serve the Reedy Creek Improvement District near Orlando.
The Reedy Creek Improvement District Board of Supervisors voted to accept a 15-year power-purchase agreement with Duke Energy Florida Solar Solutions LLC, a partner of Duke Energy Florida, to purchase solar energy from the facility.
Once constructed, all of the energy from the facility will be sold to the district to meet its energy needs.
The facility will occupy about 20 acres near World Drive and Epcot Center Drive at Walt Disney World Resort.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power.
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