Citigroup CEO Chuck Prince is out as the housing credit crisis continues to impact U.S. businesses. AP correspondent Warren Levinson reports. (Nov. 5)Read Full Story
Citigroup , U.S. stocks, rose led by financial stocks after earnings from Citigroup Inc. exceeded estimates and an unexpected drop in industrial production added to signs the Federal Reserve will buy more assets to power recovery. Citigroup, the bank 12 percent owned by U.S. taxpayers, increased by 3.3 per cent, resulting in a measure of financial companies for the biggest gain in the Standard & Poor's 500 Index. Hasbro Inc., Toy Company second in the world, rose 6.2 percent after reporting...Read Full Story
Jan. 21 (Bloomberg) -- Shen Minggao, chief economist for Greater China at Citigroup Inc., talks with Bloomberg's Susan Li about China's double-digit economic growth and its impact on the yuan. Gross domestic product rose 10.7 percent in the fourth-quarter from a year before, a statistics bureau report showed in Beijing today. Shen speaks in Hong Kong.Read Full Story
Just as things were getting better for Chuck Prince the credit crisis roared its ugly head. Prince is once again under the gun and this time he may be forced to give up. As the bank warned on Monday that its third-quarter profit would slide 60 percent pressures grew again for Prince's head. For more on the growing story: 24/7 WallStreet Washington Post FT FT AlphaVille AOL Money & Finance BloggingstocksRead Full Story
Prince's time may finally be up. As Citi's stock continues to slide and calls for Prince's head have grown the end seems near. Charles Prince, Citigroup Inc.'s CEO, will offer to resign Sunday, according to sources cited in a Wall Street Journal report. For more: Telegraph UK Reuters Wall Street Journal CNN Bloomberg AP AFP ReutersRead Full Story
John Paulson, the billionaire hedge fund manager who had his worst year on record in 2011, sold his entire stakes in Citigroup Inc. (C) and Bank of America Corp. in the fourth quarter before the shares rallied. Paulson & Co., which owned $643 ...
Feb. 15 (Bloomberg) -- An ex-Citigroup Inc. executive accused in a probe by Japanese regulators of suspected interest- rate manipulation denied wrongdoing and said authorities never questioned him before they issued findings. Christopher Cecere ...
(Updates with impact on pay and incentives, Citigroup comment letter, starting in the seventh paragraph.) Feb. 14 (Bloomberg) -- John S. Reed, who helped engineer the merger that created Citigroup Inc., said the U.S. should make the proposed ...
Feb 14 (Reuters) - Pershing Square Capital Management LP: * Pershing Square cuts share stake in Citigroup Inc by 1 percent to 15.2 million shares * Pershing Square cuts share stake in Kraft Foods Inc by 17 percent to 12.2 million shares * Pershing Square ...
Feb. 10 (Bloomberg) -- Citigroup Inc., which priced a $436.7 million collateralized loan obligation for Apollo Global Management LLC earlier this month, said CLO debt is “cheap” compared with the underlying loans in the fund. High-yield ...
CEO Chuck Prince has been the chief executive officer of Citigroup Inc since 2003. He is 56 years old. Follow Mr. Prince and Citigroup Inc in the news and blogs or share your own opinion about the company and its leadership.