CEO Chuck Prince

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 WallStreetWashington PostFTFT AlphaVilleAOL Money & FinanceBloggingstocksRead 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 UKReutersWall Street JournalCNNBloombergAPAFPReutersRead Full Story

Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Primerica Life Insurance Company (Primerica Life) to ‘A+’ from ‘AA-’, reflecting Fitch’s downgrade of Primerica Life’s ultimate parent, Citigroup Inc (Citigroup) yesterday. The rating has also been removed the Rating Watch Negative. The Rating Outlook is Evolving. Primerica Life’s rating is linked to the ratings [...]Read Full Story

CitiGroup Inc. has the government behind it.  This again was shown to the markets over the weekend as a Wall Street Journal article said the government is thinking about converting its preferred stake in the company to common shares.  This is one step closer to nationalization, however, does seem to be giving the markets a little relief from the selling last week.  Why? Because this investment is showing the government is not into full nationalization yet and while this will dilute...Read Full Story

Here’s what I learned listening to the 1st half hour of Coast to Coast AM with George Noori: - Citigroup sent out an announcement to account holders informing them that the bank has the right to hold checking account withdrawals for 7 days before releasing the funds. They later said they had no plans to enforce [...]Read Full Story

This is our group blog, which is unique because any Zimbio member can post an entry to it. Some members blog about recent news and trends related to the portal topic, others recount relevant personal stories. You can also comment on and rate existing blog entries, to voice your opinion and to help the community identify which members and entries on the portal are must-reads. Got an interesting idea or story to share with other members of this portal? Well, then put on your journalist's cap...Read Full Story

CIBC's Whitney Spurred Market Swoon with "Moxie" Citigroup CallRead Full Story