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By Carmel Crimmins Oct 15 (Reuters) — Hello there. The global selloff in the AI trade is sending investors piling into government bonds. They’re searching for safe havens as rising interest rates stoke concern about whether the billions poured into artificial intelligence will deliver sufficient returns. US Treasuries
The CEO’s the U.S.’s biggest banks all chimed in on the risks of related to the massive AI buildout, but how there’s still no sign that investments need to slow down.
Citigroup reported Q3 2026 net income of $5.2 billion, EPS of $2.85 and ROTCE of 11.5%. Revenue rose 8% year over year, while net income increased 17%.