Citigroup Inc.

American banking giant Citigroup has received the Kremlin's permission to sell its subsidiary bank in Russia. Renaissance Capital will become the buyer of the asset.

Citigroup will sell a bank in Russia. What about the shares?

The Coca-Cola Company

American Express Company

While investors wait for Berkshire Hathaway to report on last quarter's deals, Morningstar analysts <a href="https://www.morningstar.com/stocks/best-warren-buffett-stock-buy-now-coca-cola-vs-american-express-2">compared</a> two key companies in Warren Buffett's portfolio - Coca-Cola and American Express - and named which one now looks more attractive to buy.

Coca-Cola vs. American Express: which of Buffett's favorites does Morningstar advise?

HSBC Holdings plc

Novartis AG

Japan's Nikkei index crossed the 50,000-point mark for the first time amid optimism in anticipation of U.S.-China talks and a rebound on Wall Street. Novartis buys biotech Avidity Biosciences for $12 billion, strengthening its position in RNAi therapeutics. HSBC pledges $1.1 billion in reserves after a failed Madoff judgment in Luxembourg. These and other topics - in our review of key events by the morning of October 27.

Highlights for the morning: Nikkei record, Novartis deal and the new role of bitcoin miners

Customers are increasingly using artificial intelligence to optimize their personal finances

Banks could lose $170 billion in profits due to AI - McKinsey

Zions Bancorporation, National Association

Jefferies Financial Group Inc.

Western Alliance Bancorporation

Major stock indices in the US ended the week in the plus, with the broad market index S&amp;P 500 showing the best growth in five trading days since August. Traders on Friday reduced concerns about the credit market crisis, and they also increased hope for a reduction in the heat in the confrontation between the U.S. and China. Donald Trump said he is likely to meet with Chinese President Xi Jinping later this month and also acknowledged that 100% duties on Chinese goods cannot be sustained for long.

S&amp;P 500 posted its best week since August: debt crisis and trade war receded

Agency analyst Mark Pinto got into a polemic in absentia with JPMorgan CEO Jamie Dimon

"One cockroach is not yet a trend": why isn't Moody's worried about banks' bad loans?

Wall Street has stood up for bank stocks, CNBC writes

The S&amp;P 500 and Nasdaq 100 are down at the open of trading after a morning selloff

Baird analyst David George improved his rating on regional bank Zions Bancorp from neutral to "above market," CNBC <a href="https://www.cnbc.com/2025/10/17/buy-the-dip-on-regional-bank-zions-after-excessive-sell-off-baird-says.html">reports</a>. This is equivalent to a recommendation to buy shares of the credit organization. The $65 target price he set implies nearly 39% upside potential relative to the closing level on Thursday, October 16.

Baird advises buying on the downturn in bank shares whose problems have triggered a sell-off in the sector

The main indicator of fear on Wall Street - volatility index Cboe (VIX) - <a href="https://www.marketwatch.com/investing/index/vix?mod=home_markets">rose by</a> 6.7% to 27 points, reaching the maximum since April, when Donald Trump stirred the markets with the announcement of increased duties, <a href="https://www.bloomberg.com/news/articles/2025-10-16/stock-market-today-dow-s-p-live-updates?srnd=homepage-europe&amp;sref=Y0jVLcFo">writes</a> Bloomberg. Investors are under pressure not only from the prolonged shutdown in the U.S. and increased trade tensions with China, but also from the<a href="https://oninvest.com/article/plohie-kredity-stali-novym-povodom-dla-bespokojstva-rynka-s-p-500-zakrylsa-v-minuse">problems of regional banks</a>.

Wall Street's "fear index" at highest since April, investors sell off bank stocks 

Stocks are pressured by a combination of three negative factors at once

Morning in New York: the degree of tension in the market is growing

Bitcoin has fallen below $106,000 for the first time since June, its price fluctuating around the $105,000 mark and at moments falling below it. The total capitalization of the crypto market has dropped by $600 billion in just over a week, Forbes <a href="https://www.forbes.com/sites/digital-assets/2025/10/17/this-will-be-brutal-bitcoin-suddenly-goes-into-free-fall-as-price-crash-panic-wipes-600-billion-from-crypto/">calculates</a>. Traders fear that the current decline could turn into a major collapse after bitcoin's record <a href="https://oninvest.com/article/bitkoin-vpervye-za-poltora-mesaca-podnalsa-vyse-120-000-cto-stoit-za-novym-ryvkom">high</a> of $126,000 earlier this month, the publication writes.

Bitcoin fell in price to $105k as US bank stocks tumble

On Thursday, October 16, the four major U.S. stock indices ended trading in the red zone, losing what they gained at the beginning of the day. The pressure on the market was exerted by bank shares due to investors' concerns about bad loans. Trading participants also continued to monitor the ongoing trade tensions and the ongoing shutdown in the United States.