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Citigroup Kills Panel Overseeing Toxic-Asset Division
Citigroup Inc. (C), the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board committee created during the credit crisis to police the disposal of toxic and unwanted assets. About $200 billion of such assets ...  
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Citigroup Kills Panel Overseeing Toxic-Asset Unit
Citigroup Inc. (C) (C), the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board committee created during the credit crisis to police the disposal of toxic and unwanted assets. About $200 billion of such ...  
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Citigroup Inc. : Citibank India Restores Credit Card Focus As Spending Grows...
--Citigroup's India unit aims for 20% growth in credit cards business --Plans to acquire 1 million new customers in 2-3 years By Nupur Acharya Of Citigroup Inc. (C) is planning to expand its Indian consumer banking operations by ramping up its credit card ...  
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Citigroup Inc. Sells Part Of Akbank Stake While Buys $1.7 billion...
Citigroup Inc. (NYSE:C) Sells Part Of Akbank Stake While Buys $1.7 billion ...PT NewsCitigroup Inc. (NYSE:C) which has a 20 percent ownership in the Turkish lender Akbank started selling a 10.1 percent position of Thursday. Akbank said in a statement to the Istanbul Stock Exchange that buyers will not be allowed to acquire more than a ...CITIGROUP INC. : Citigroup Completes Sale of 10.1% Equity Interest in Akbank ...4-tradersAkbank Slumps to...  
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Perception, Opportunity in Volatility - Research & Analysis on Citigroup Inc...
Market Foundations is releasing new coverage on Citigroup Inc. for its current position within the financial industry. Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers ...  
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Citigroup Inc. Nominates Santomero To Replace Michael O'Neill For...
Citigroup Inc. (NYSE:C) Nominates Santomero To Replace Michael O'Neill For the ...PT NewsThe third-largest US bank Citigroup Inc. (NYSE:C) has nominated Anthony Santomero chairman of the board that runs Citibank NA, the lender's main banking subsidiary. Citigroup Chairman Michael O'Neill using internet said that a doctorate in economics ...Citigroup(NYSE:C) Appoints Anthony Santomero Chairman Of The Board- C, JPM ...U.S. Election NewsCitigroup...  
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CITIGROUP INC. : Citigroup Sees Greek Exit On Jan. 1 2013
Telegraph.co.ukCITIGROUP INC. : Citigroup Sees Greek Exit On Jan. 1 20134-tradersBy Eva Szalay Of Greece will likely leave the euro zone on Jan. 1 2013 and its new currency will immediately fall by 60% against the euro, unleashing a massive yet manageable wave of contagion across Europe, Citigroup said late Wednesday.U.S. Stocks Decline Amid Concern Greece Will Leave Euro RegionSan Francisco ChronicleE-Mini S&P 500: Absence of Euro tidings...  
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Citigroup Inc. Announces T-DECS Adjustments To Result From Common Dividend...
Citigroup Inc. Announces T-DECS Adjustments To Result From Common DividendTheStreet.com (press release)By Business Wire 05/23/12 - 09:00 AM EDT On April 18, 2012, Citigroup Inc. announced the declaration by its Board of Directors of a dividend of $0.01 per share of common stock payable on May 25, 2012 to holders of record on May 17, 2012.  
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Citigroup Inc. Announces T-DECS Adjustments to Result From Common Dividend...
Citigroup Inc. Announces T-DECS Adjustments to Result From Common DividendMarketWatch (press release)NEW YORK, May 23, 2012 (BUSINESS WIRE) -- On April 18, 2012, Citigroup Inc. announced the declaration by its Board of Directors of a dividend of $0.01 per share of common stock payable on May 25, 2012 to holders of record on May 17, 2012.and more »  
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Citigroup Inc. Announces T-DECS Adjustments to Result From Common Dividend
NEW YORK--(BUSINESS WIRE)--On April 18, 2012, Citigroup Inc. announced the declaration by its Board of Directors of a dividend of $0.01 per share of common stock payable on May 25, 2012 to holders of record on May 17, 2012. Effective on the payment of this dividend, an adjustment will be made to the settlement rates and certain other terms of Citi's T-DECS, as set forth below. No adjustment will be made to the terms of Citi's warrants or...  
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Citigroup Inc. Indicates Caution For US Small and Mid-Cap Stocks (C...
Citigroup Inc. (NYSE:C) Indicates Caution For US Small and Mid-Cap Stocks (C ...Retirement PlanningBy Scott Sheffield Citigroup Inc. (NYSE:C) Indicates Caution For US Small and Mid-Cap Stocks (C, JPM, WFC, KEY) Citigroup Inc. (NYSE:C) reported on Tuesday that it has a cautious observation on the US small-and mid-cap firms siting concerns over ...and more »  
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Citigroup divests part of its stake in Turkish financial institution
Citigroup Inc. sold off 404 million common shares of Akbank T.A.S. on Friday, representing a 10.1 percent equity stake in the Turkish lender. The stock transaction will generate $1.15 billion in proceeds. Despite the sale, however, Citigroup expects to record an after-tax loss of $243 million in its second-quarter financial results. Citigroup will still hold a 9.9 percent stake in the Istanbul-based Akbank for a three-year lockup period...  
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Source: Citigroup Unit Lost $20 Million In Facebook Flop
Citigroup Inc.âЂ™s Automated Trading Desk had trading losses of about $20 million from Facebook Inc.âЂ™s botched initial public offering on Nasdaq OMX Group Inc.âЂ™s U.S. exchange, a source with knowledge of the situation said on Friday. The unitâЂ™s losses were in addition to claims by market makers Knight Capital Group Inc. and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG, the other large market...  
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Citigroup to ramp up India credit-card business
MUMBAI (MarketWatch) -- Citigroup Inc. (NYSE:C) is planning to expand its Indian consumer banking operations by ramping up its credit card business and adding one million new customers from the urban middle class over the next two-three years.  
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Citigroup Completes Sale of 10.1% Equity Interest in Akbank T.A.S
NEW YORK--(BUSINESS WIRE)--Citigroup Inc. (NYSE: C) today announced it has sold 404 million common shares in Akbank T.A.S. (Akbank) through an equity offering representing 10.1 percent of the equity interest in the company for TRY5.24 per share. Total proceeds from the transaction are expected to be approximately USD1.15 billion at the current exchange rate, resulting in an after-tax loss of approximately USD243 million in the second quarter...  
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Akbank Slumps to 2009 Low After Citigroup Sells: Istanbul Mover
Akbank TAS (AKBNK), Turkey’s second-biggest bank by market value, slid to the lowest in almost three years after Citigroup Inc. (C) sold part of its stake at a discount. Akbank slumped as much as 8.6 percent and traded down 6.2 percent to 5.44 ...  
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Citigroup to Expand Credit-Card Business in India
MUMBAI—Citigroup Inc. is planning to expand its Indian consumer-banking operations by ramping up its credit-card business and adding one million new customers from the urban middle class over the next two to three years. The plans are a sharp change for ...  
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Citigroup Completes Sale Of 10.1% Equity Interest In Akbank
Citigroup Inc. (C) said Friday it sold 404 million common shares in Turkish lender Akbank TAS (AKBNK.IS), representing a 10.1% stake, for 5.24 Turkish lira per share.  
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Citigroup Selling $1.27 Billion Stake in Turkey’s Akbank
Citigroup Inc. (C) is selling a 10.1 percent stake in Turkey’s Akbank TAS (AKBNK) valued at about $1.27 billion as third-largest U.S. bank by assets boosts capital. The New York-based bank is placing 404 million shares in Akbank owned by ...  
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Citigroup Names Anthony Santomero Chairman of Banking Subsidiary
Citigroup Inc. (C) the third-biggest U.S. banks, has named Anthony Santomero chairman of the board that oversees Citibank NA, the lender’s main banking subsidiary. “As a former president of the Philadelphia Federal Reserve, Dr. Santomero has ...  
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Investors measure up Bank of America, Citigroup
Investors will be closely watching Bank of America Corp. and Citigroup Inc. to see how the two banks match up when bank earnings season starts later this week, The New York Times reported. Bank of America used to be the stock Wall Street loved to hate, and Citigroup was supposed to be the troubled bank that had finally gotten its act together. But those roles reversed in 2012.  
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Citigroup shareholders reject CEO Vikram Pandit's pay package
Citigroup Inc. shareholders rejected the bank’s $15 million pay package for its CEO Vikram Pandit, the New York Times reported. The move marks the first time shareholders have blocked a compensation package at a financial giant like Citigroup. New York Times business writers Jessica Silver-Greenberg and Nelson Schwartz reported that the vote could suggest anger over pay inequality has spread beyond the Occupy Wall Street to wealthy...  
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Citigroup taps William Howle of Charlotte as head of U.S. commercial banking
Charlotte resident William Howle has taken on new responsibilities with Citigroup Inc., which has named him head of its U.S. commercial banking. In that role, Howle will oversee a business unit of about 1,000 employees that provides banking services to more than 100,000 midsized companies in 32 countries. The unit has increased its lending for six consecutive quarters, Citi says. He also retains his role as chief operating officer for U.S...  
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Citigroup Earnings: Failure is Not an Option
After a dismal fourth quarter and a disappointing result from the Federal Reserve's stress test Citigroup (C) cannot afford another financial upset when it reports its first quarter results in mid-April. So far analysts are optimistic that a rebound in fixed income trading revenues and continuing improvements in credit quality will assure Citigroup an earnings report that bears a close resemblance to the strong first quarter of the previous...  
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Citigroup Inc. : Malaysia: Citibank's New Learning & Development Center to...
Kuala Lumpur - Citibank Berhad recently launched its newly enhanced Learning & Development Center at Menara Citibank to drive and manage talent excellence across all its businesses, in line with the highly competitive financial landscape in Malaysia.  
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Citigroup Speculators Pump Up the Volume
It's not unusual for Citigroup Inc. (C - 27.20) to be among the option-volume leaders on any given day. What's interesting about the stock today is that of the 167,000 contracts that have traded through roughly 3:10 p.m. Eastern Time, almost 70% are on the ...  
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Finra Fines Citigroup $3.5 Million For Inaccurate RMBS Data
The Financial Industry Regulatory Authority has fined Citigroup Inc.'s (C) Global Markets group $3.5 million for allegedly posting inaccurate data about deals it was making on mortgage-backed securities during the subprime mortgage and housing market crisis.  
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Citigroup Inc. : Citi Launches Advertising Campaign for First-Ever...
Additional advertisements will debut during the London 2012 Olympic Games featuring a range of Team Citi athletes, including Danell Leyva (men's gymnastics), Carlos Leon (Paralympic discus) and Christie Rampone (women's soccer). Citi, the leading global ...  
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Citigroup Inc. : Profit & Loss Names CitiFX Pro Best Retail Platform for...
Profit & Loss, a leading foreign exchange publication that specializes in covering the global currency and derivatives markets, has named CitiFX Pro Best Retail Platform for margin FX trading for ... and installed software, and the quality of the visual ...  
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Citigroup Hit by U.S. Regulator on Bank Secrecy
Citigroup Inc has agreed to take steps to clean up its compliance with bank secrecy and money laundering laws as part of an agreement with the Office of the Comptroller of the Currency (OCC), the OCC announced on Thursday.  
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Citigroup’s Target Lowered at Sterne Agee, but Still a “Buy”
Banking giant Citigroup Inc. ( C) on Tuesday saw its price target cut by analysts at Sterne Agee. The firm maintained its "Buy" rating on Citigroup but reduced its price target from $43 to $35. That new target suggests a 33% upside to the stock ...  
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Citigroup Disclosure Suit Cancelled
Citigroup Inc. and its Chief Executive Vikram Pandit achieved a dismissal of a lawsuit that indicted them for not disclosing its risk during the financial meltdown in 2008, according to a Reuters report....  
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Citigroup Inc. : Citi Pakistan Wins 'Best Community Program' at the...
Citi Pakistan has been awarded the 'Best Community Program' Award for its pioneering work in microfinance and vocational training at the International CSR Awards 2012. This award comes on the heels of two global awards that Citi Pakistan received at the ...  
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Citigroup CEO, Directors Sued Over Executive Pay
Days after being rebuked by shareholders, Citigroup Inc. Chief Executive Vikram Pandit and the bank’s directors have been sued by a shareholder accusing them of awarding outsized pay to top executives. The complaint, filed Thursday in Manhattan federal court, said …  
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Citigroup Gets NY Real Estate Mogul's Suit Stamped Out
Law360, New York (May 18, 2012, 10:49 PM ET) -- A New York federal judge on Friday tossed real estate mogul Sheldon H. Solow's suit claiming Citigroup Inc. hid its recession-related financial troubles from investors, finding Solow hadn't shown how ...  
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Citigroup Narrowly Misses Analyst Earnings Expectations
Citigroup Inc. (NYSE: C) kicked off Monday morning by announcing underwhelming first-quarter earnings that narrowly missed analyst expectations on both profit and revenue. The New York-based banking giant reported earnings of $2.93 billion, or 95 cents per share on revenues of $19.41 billion. Earnings a year ago had been reported as $3 billion, or $1 a share, on revenues of $19.73 billion.  
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Citigroup Declares Dividends
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Citigroup Inc. today declared a quarterly dividend on the company’s common stock of $0.01 per share, payable on May 25, 2012 to stockholders of record on May 7, 2012. The Board also declared dividends on preferred stock as follows: – 6.5% Non-Cumulative Convertible Preferred Stock, Series T, payable May 15, 2012, to holders of record on May 4, 2012. Holders of depositary receipts, each...  
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Citigroup shareholders' vote on exec pay sends a message
Wall Street wonders if shareholders will also vote to dial back the compensation of the heads of other big banks such as Wells Fargo and Bank of America.The shareholder rejection of Citigroup Inc. Chief Executive Vikram Pandit's $15-million pay package has some on Wall Street wondering if the same fate might be in store for the heads of other big U.S. banks.  
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Equity Research on Citigroup Inc. and PNC Financial Services
Get your free reports on Citigroup Inc. and PNC Financial Services Group Inc. at http://www.shinesrooms.com/index.php?_controller=RegisterMember&_method=index. There is no commitment to join. www.shinesrooms.com is the Ultimate Trading ...  
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Citigroup: Financial Winner
NEW YORK (TheStreet) -- Citigroup was the winner among the largest U.S. financial names on Monday, with shares rising 2% to close at $34.00. The major U.S. equity indices were mixed, following a report from the Commerce Department that retail sales increased 0.8% in March, compared with a rise of 1% in February. Excluding auto purchases, sales also rose 0.8%, topping estimates, compared with an increase of 0.9% in February. Also on Monday...  
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Akbank Falls on Citigroup Selling Stake: Istanbul Mover
Akbank Falls on Citigroup Selling Stake: Istanbul MoverBy Benjamin Harvey on March 26, 2012Akbank TAS (AKBNK), Turkey’s second-biggest listed bank by market value, dropped the most in almost four months after Citigroup Inc. (C) said it will sell more than half its stake in the company. More:Akbank Falls on Citigroup Selling Stake: Istanbul Mover - Businessweek  
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Citigroup Holders Vote Down Executive-Compensation Proposal
At an otherwise-placid annual shareholder meeting held outside of New York City for the first time, Citigroup Inc. (C) shareholders dealt a blow to management and the board by rejecting ratification of the bank's executive-compensation proposal.  
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Trading Radar for 04/16: Citigroup , Mattel , Brown & Brown (BRO...
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before The Market Opens Economic: 8:30am EDTRetail Sales - Street sees 0.3% Retail Sales: ex-Auto - Street sees 0.6% Empire Manufacturing - Street sees 17.5Earnings: Citigroup, Inc. (NYSE: C) - consensus EPS $0.93 Gannett Co., Inc. (NYSE: GCI) - consensus EPS $0.31 M Bank Corp. (NYSE: MTB) - consensus EPS $1.48 Mattel, Inc. (Nasdaq: MAT...  
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Equity Research on Citigroup Inc. and PNC Financial Services Group Inc...
Today they are providing members comprehensive research on the Money Center Banks industry and are offering free analytical research on Citigroup Inc. (NYSE: C) and PNC Financial Services Group Inc. (NYSE: PNC). Register with us today at http ...  
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Citigroup Will Sink Further On Pandit Scuffle
By Income Hunter:Citigroup (C) has been in the news recently and, unfortunately, few reports are painting the company in a favorable light.The biggest news for Citigroup is the displeasure of stockholders regarding a board-of-directors recommended $15 million compensation package for CEO Vikram S. Pandit. Stockholders voted regarding this development and the results showed that a majority (55%) are not in favor of the enormous payment. This is...  
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Decline Watch: Asia now leads the world in centa-millionaires
North America's 1 percent are not pulling their weight, according to a new study by CitiGroup. Boomberg summarizes:  The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citigroup Inc.’s (C) private bank said. There were 18,000 “centa-millionaires” in Southeast Asia, China and Japan at the end of...  
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Equity Research on Citigroup Inc. and PNC Financial Services Group Inc...
NEW YORK, NY--(Marketwire - May 1, 2012) - www.shinesrooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Money Center Banks industry and are offering free analytical research on Citigroup Inc. ( NYSE : C ) and PNC Financial Services Group Inc. ( NYSE : PNC ). Register with ...  
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Meredith Whitney Cannot Stress Enough How Little She Thinks Of Citigroup
Meredith Whitney is a banking analyst made famous by Citigroup downgrading Citigroup in late October 2007, saying that the bank was facing a $30 billion capital shortfall and later telling the press “Citigroup is in such a mess Stephen Hawking couldn’t turn this company around.” In the years since she’s had less than flattering things to say about the firm and as recently as March 14, 2012, told CNBC that Citi “has no earnings power, isn’t...  
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Citigroup: Grecia ar putea iesi din zona euro la inceputul anului 2013
Economistul sef al bancii americane Citigroup, Willem Buiter, a pronosticat in ultima sa nota de previzionare a economiei mondiale ca Grecia va iesi din zona euro in ianuarie 2013, informeaza AFP.  
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Citigroup Sued by South Korea’s Woori Bank Over CDO Losses
Citigroup Inc. (C) was sued by Woori Bank to recover losses from the Seoul-based lender’s $95 million investment in collateralized debt obligations it claims were fraudulently sold. Woori claims Citigroup led it to invest during 2006 and 2007 ...  
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IT Careers: Tech Leadership Changes at Citigroup, Experian and Kaiser...
In this installment of CIOs on the Move, we cover executive changes at 18 organizations, including new IT leaders for Citigroup, Experian, and Kaiser Permanente. Information is provided exclusively to CIO Insight by the researchers at DiscoverOrgIn this installment of CIOs on the Move, we cover executive changes at 18 organizations, including new IT leaders for Citigroup, Experian, and Kaiser Permanente. In addition, two of the organizations...  
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Citigroup boss gets pay thumbs-down
Citigroup has become the first Wall Street bank to get a thumbs-down from shareholders over outsized executive pay. At its annual meeting Tuesday, 55 per cent of the bank's shareholders voted against the pay packages that have been granted to Citigroup's top executives, including CEO Vikram Pandit's US$15 million ($18 million) for last year and US$10m retention pay.  
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Citigroup index boost for SA investment
South African government bonds could be included in Citigroup's benchmark World Government Bond Index from October. This would draw significant investment inflows and enable state-owned companies to raise billions of rands in funding for the country's infrastructure programme.  
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Citigroup shoots down CEO payraise
Citigroup has become the first Wall Street bank to get a thumbs-down from shareholders over outsized executive pay. At its annual meeting Tuesday, 55 per cent of the bank's shareholders voted against the pay packages that have been granted to Citigroup's top executives, includ...  
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Citigroup shareholders reject executive pay plan
Citigroup shareholders voted to reject the company’s executive compensation plan during an annual stockholders meeting in Dallas on Tuesday after critics complained that top officials including CEO Vikram Pandit collect rewards all too easily. The proposal received just 45 percent of votes cast and followed Citigroup’s...  
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Citigroup Shareholders Reject Pay Plan
Citigroup shareholders voted to reject the company’s executive compensation plan during an annual stockholders meeting in Dallas on Tuesday after critics complained that top officials including CEO Vikram Pandit collect rewards all too easily. The proposal received just 45 percent of votes cast and followed Citigroup’s...  
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Citigroup shareholders reject executive-compensation proposal at annual meeting
Citigroup shareholders did something pretty unusual at their meeting in Dallas on Tuesday: They rejected the bank's executive-compensation proposal. Fourty-five percent approved the proposal, but since the law counts absentee votes as rejections, 55 percent disapproved of Citi bankers' pay, according to American Banker.… [ Read more ] [ Subscribe to the comments on this story ]  
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PODCAST: Warren Buffett stays in the game, Citigroup shareholders speak their...
Citigroup's shareholders have said 'no way' to a hefty pay package for senior executives, including a $15 million dollar salary for Citigroup's CEO. The White House is threatening to veto a transportation bill in House after legislators tacked on an approval for the controversial Kestone XL oil pipeline, even though the company building the pipeline says it's secured almost all the land it needs to begin construction of a shortened line from...  
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Citigroup Shareholders Reject Executive Pay Plan
[Quote]: In a stinging rebuke, Citigroup shareholders rebuffed on Tuesday the bank’s $15 million pay package for its chief executive, Vikram S. Pandit, marking the first time that stock owners have united in opposition to outsized compensation at a financial giant. The shareholder vote, which comes amid a rising national debate over income inequality, suggests [...]  
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Citigroup Shareholders Vote Against CEO's $15 Million Raise
Score one for the little guys, where the little guys are shareholders of Citigroup and the Goliath in need of a slingshot of reality is its CEO seeking a $15 million raise. Sure, he only made $1 the year before, but this is big news as it's the first times shareholders have rejected the executive pay package at a major bank since the Dodd-Frank act made votes mandatory a year ago. As Fortune reports the "say on pay" regulations started with...  
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Citigroup board taught lesson by shareholders over executive pay
When they rejected a $15m compensation package for the bank's CEO, equity owners were sending a messageSenior executives and board directors are not listening to a certain class of key stakeholder in their businesses – shareholders. Equity owners are becoming increasingly irate at pay packages that seem to make senior executives wealthier but do nothing for the value of shares in the company. No business owner likes to see their employees...  
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Forbes Earnings Preview: Citigroup
Analysts have become increasingly bullish on Citigroup (C) in the month leading up to the company's first quarter earnings announcement scheduled for Monday, April 16, 2012. The consensus earnings per share estimate has moved up from 95 cents a share to the current expectation of earnings of $1.04 a share.  
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Solid Mortgage Earnings Continue as Citigroup Reports; More Investor Updates
Posted To: Pipeline PressThis note from Investor's Business Daily reminds me why day-trading stocks never works for me - even if you had the better-than-expected news ahead of time, you would have lost money: "Even generally positive results from JPMorgan Chase and Wells Fargo Friday failed to lift their share s, which fell along with the rest of the market on disappointing Chinese growth numbers." Wells, for example, reported a 42% increase...  
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Citigroup Wins Dismissal Of Sheldon Solow Lawsuit Accusing Bank Of Fraud...
May 18 (Reuters) - Citigroup Inc and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud for hiding ... or that his stock losses were caused ...  
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Citigroup Wins Dismissal of Suit Alleging Firm Hid Risk
(Reuters) - Citigroup Inc <C.N> and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud ...  
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Citigroup Has Lawsuit Dismissed, while DELL Take a Dive
Late news on Tuesday spurred concerns about Greece’s potential exit from the eurozone ... Citigroup (C) – NYSE has announced that a lawsuit, filed against them for not properly disclosing the risks they incurred in the 2008 real estate ...  
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Citigroup Inc. : Citigroup Buys Mumbai Office Space To House Key Businesses...
He expects deals in office space--lease rentals or outright sale-- in India to decline this year from 2011. This is more so as 62% of India's office space is occupied by companies from the U.S. and Europe, economies that are still battling with sluggish ...  
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Citigroup Sued by South Korea's Woori Bank Over CDO Losses
Citigroup Sued by South Korea's Woori Bank Over CDO LossesBusinessWeekWoori Bank is a unit of Woori Finance Holdings Co., South Korea's largest financial company by assets. The case is Woori Bank v Citigroup Inc., 12-CV-3868, US District Court, Southern District of New York (Manhattan). To contact the reporters on this ...and more »  
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Citigroup quarterly profit falls
Citigroup Inc reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets and the need to finish overhauling its business portfolio after the financial crisis.  
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Citigroup's First-Quarter Net Income Falls 2%
Citigroup, however, reported better-than-expected revenue growth on Monday, driven by steady demand for loans from consumers and businesses and an improving economic condition in the United States.  
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Citigroup Funding Inc 3% Minimum CPN Prin Protected Based Upon Russell 2 (MBC...
Sorry, we don't have a profile for this stock yet. * Stock price reflects previous day's closing price. All stock quotes on this website should be considered as having a 24-hour delay. ** Under no circumstances does the information on this website ...  
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Citigroup Inc. Investor Lawsuit Over CEO's Compensation Announced by...
The plaintiff claims that the board of directors spent funds in an unwarranted and excessive manner on compensation packages for its executives. In fact, Citigroup's CEO received in 2010 a symbolic $1 and in 2009 $128,741. In 2011 he was paid ...  
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Citigroup Inc. : Parsons blames Citi vote on failure to communicate
Richard Parsons, who chaired the Citigroup Inc board that lost a shareholder vote this week on executive compensation, said on Thursday that directors had failed to adequately explain to investors the methods they used to determine pay packages.  
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Solow lawsuit over Citigroup disclosures dismissed
(Reuters) - Citigroup Inc and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing ... (Reporting By Jonathan Stempel in New York; editing by Carol Bishopric)  
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Vale Said to Hire Citigroup, Scotiabank for Oil Assets Sale (Update 1...
Vale SA (VALE3), the world’s largest iron-ore producer, hired Bank of Nova Scotia and Citigroup Inc. (C) to sell its oil and natural gas assets in Brazil, according to three people familiar with the matter. The Rio de Janeiro-based company’s ...  
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Citigroup Dancing On JPMorgan's Grave?: Watch A Bank Spin Sillier Than A...
The two banks swapping prospects seems the financial world equivalent of Mark Twain's "The Prince and The Pauper ... by alternating the good with the bad simply calls to mind Emmett Kelly, the sad clown. After all, the entire sector is beset by woes ...  
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Discount ABS May Benefit From Student Defaults, Citigroup Says
Discounted asset-backed securities tied to government-guaranteed student loans could benefit from defaults, according to Citigroup Inc. (C) (C) Defaults trigger government prepayments of loans taken out through the Federal Family Education Loan ...  
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Citigroup CEO, directors sued over executive pay
NEW YORK (Reuters)—Days after being rebuked by shareholders, Citigroup Inc. Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.  
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Spain, Italy set for downgrade amid slump: Citigroup
April 23, 2012 1:07 AM[ROME] Spain and Italy will be downgraded by Moody's Investors Service and Standard & Poor's (S) this year as the recession and debt crisis worsen, economists and strategists at Citigroup Inc said.  
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Citigroup Inc. : Citi Announces Innovative Digital 2012 U.S. Olympic and...
Leyva is a past participant in the program. Amanda McGrory,2008 Paralympic gold, silver and bronze medalist, Track & Field McGrory will help to raise funds for the Great Lakes Adaptive Sports Association to increase outreach, education and programming to ...  
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Citigroup Inc: Revenue forecasts at 19.6
Aviva is believed to be considering the sale of its American operations in a deal that could raise more than £1bn. Andrew Moss, the chief executive, told a conference that the insurance group was open to offers. The business accounted for about 8% of ...  
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Citi and LinkedIn Launch New Professional Community for Women
The group will also integrate content from across the web including the personal ... Citi and Citibank and Arc Design are registered service marks of Citigroup Inc. Citi Mobile is a service mark of Citigroup Inc. Quotes delayed 15 minutes for NASDAQ.  
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Greek Euro Exit Would Be ‘Controlled Event’, Citigroup Says
A Greek exit from the euro area would be “a controlled event for the rest of Europe,” said Hamid Biglari, Citigroup Inc. (C) (C) vice-chairman in charge of emerging markets. “The European Central Bank has done much to limit the risk of ...  
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Citigroup South Africa’s Equity Head, Trading Director Quit
Citigroup Inc.’s (C) head of equities in South Africa, Quintus Kilbourn, and its director of sales trading, Matthias Jost, have quit, according to country manager Donna Oosthuyse. Citigroup will announce successors shortly, Oosthuyse said in ...  
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Premarket Movers (Acadia Pharmaceuticals, Citigroup, Fossil, Dendreon...
The companies whose shares are moving in premarket trade Wednesday are: Acadia Pharmaceuticals Inc., Citigroup Inc., Fossil Inc., Dendreon Corp., Zynga Inc., Titan Machinery Inc., Staples Inc., Vodafone Group PLC and Corning Inc.  
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Citigroup Inc. Investor Lawsuit Over CEO's Compensation Announced by...
SAN DIEGO, CA-- - The Shareholders Foundation, Inc. announces that a lawsuit was filed by an investor in Citigroup Inc. against the directors of Citigroup for awarding more than $54 million of compensation ...  
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Citigroup Inc.
The third-biggest US bank reported that fixed-income trading revenue more than doubled from the fourth quarter, jumping to $4.74 billion from $1.72 billion.  
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Video: Citigroup's Morse Sees Crude Oil Rising to $130
May 4 (Bloomberg) -- Edward Morse, global head of commodities research at Citigroup Inc. , talks about the outlook for oil markets and his investment strategy. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." Jason Schenker, president of Prestige Economics LLC, also speaks. (Source: Bloomberg)  
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Citigroup Pays $41 Million to Sponsor NYC Bike-Share Program
May 7 (Bloomberg) -- Citigroup Inc. agreed to pay $41 million to sponsor New York City's bicycle-rental program, which Mayor Michael Bloomberg said will be the largest such system in the U.S. when it begins in July. The "Citi Bike" program ...  
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Citigroup Inc. : Citibank Survey Finds Small Businesses Driving Growth...
Small businesses have a great opportunity to leverage online tools and social media to market their businesses and to help drive growth." Tips to help small businesses take advantage of online marketing and social media tools, can be found on the Citibank ...  
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Citigroup and ‘say on pay’ - Worcester Telegram & Gazette
Citigroup Inc. backed into the public spotlight again recently. In a rare move, Citigroup institutional shareholders gave big thumbs down on the executive compensation plan approved by the Citigroup board. At its annual meeting, 55 percent of ...  
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UPDATE 1-Citigroup says cautious on US small-, mid-cap cos
while removing ExlService Holdings Inc. The S MidCap 400 index closed at 925.63 points, while the Russell 2000 closed at 764.64 points on Monday. (Reporting by Aditi Sharma in Bangalore; Editing by Tenzin Pema and Maju Samuel)  
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Citigroup Unit Says Analysts Must Arbitrate OT Claims
Law360, New York (April 30, 2012, 7:47 PM ET) -- A subsidiary of Citigroup Inc. asked a federal judge on Monday to dismiss a proposed collective action brought on behalf of Florida financial ... submitted individually to arbitration. According to Citicorp ...  
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Citigroup Loses Advisory Vote on Exec Compensation
Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.  
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Citigroup Pays $41 Million to Sponsor NYC Bike-Sharing Program
Citigroup Inc. (C) (C) agreed to pay $41 million to sponsor New York City’s bicycle-rental program, which Mayor Michael Bloomberg said will be the largest such system in the U.S. when it begins in July. The “Citi Bike” program, presented ...  
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Citigroup Inc. and Morgan Stanley Benefit From Financial Sector Recent Swing...
"It is night and day," Jason Goldberg, senior analyst at Barclays Capital Inc. in New York, said before the announcement. "In 2009, about half the banks failed the stress test. The industry's capital position is higher today, and better quality.  
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Citigroup Says Bank May Need $4.7 Billion in Ratings Cut
Citigroup Inc. (C), the third-largest U.S. lender by assets, said a hypothetical two-level downgrade of its credit by all three ratings firms could compel the company to come up with $4.7 billion in cash. The funds would be needed to cover ...  
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Citigroup Said to Raise $355 Million CLO for Aegon USA
Citigroup Inc. (C) raised a $355.4 million collateralized loan obligation for Aegon USA Investment Management LLC, according to two people with knowledge of the deal. The CLO, Cedar Funding Ltd., includes a $227.5 million slice rated AAA that ...  
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Video: Woods Says Citigroup's Wealth Unit `Overweight' Japan
April 25 (Bloomberg) -- John Woods, the Hong Kong-based chief Asian strategist at Citigroup Inc.’s private bank, talks about global financial markets and investment strategy. He speaks with Rishaad Salamat on Bloomberg Television's "Asia Edge." (Source: Bloomberg)  
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Citigroup Q1 net income decreases
Apr 23, 2012 (Datamonitor via COMTEX News Network) -- Citigroup Inc., a financial services holding company, has reported a net income of $2.93 billion, or $0.95 per diluted share, for the first quarter ended March 31, 2012, compared to $3.0 billion ...  
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Citigroup's Rating Change Only Had Short-term Impact, HSN Down 1.9% (HSNI...
HSN, Inc. is a holding company. The Company, through its subsidiaries, owns, operates, and retails computers and electronics, fashion items, home and kitchen goods, jewelry, and health, beauty, and fitness products through its shows, which are broadcast ...  
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Citigroup Approaches New Downside Target of $33.01
Apr 23, 2012 (Pivot alerts via COMTEX News Network ... Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.4%. Citigroup Inc. is a diversified financial services holding company that provides ...  
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Video: Citigroup's McGuire on M&A Activity
April 30 (Bloomberg) – Raymond McGuire, head of investment banking at Citigroup Inc., talks about the outlook for mergers and acquisitions by his company and the potential impact of new regulations on the financial industry. McGuire speaks with Stephanie Ruhle on Bloomberg Television’s “InBusiness” at the Milken Institute 2012 Global Conference in Los Angeles. Bloomberg’s Scarlet Fu also speaks. (Source: Bloomberg)  
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Citigroup profit tops expectations, bond trading helps
(Reuters) - Citigroup Inc posted stronger-than-expected first-quarter results as bond trading and underwriting ... boosted by a $1.2 billion release of bad-loan reserves. Delinquency rates for its North American credit card and retail banking customers ...  
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Citigroup's Pandit lists Greenwich house for $4.3 million
Vikram Pandit, the chief executive officer of Citigroup Inc., put his home in Greenwich on the market for $4.3 million, about 5 percent more than he paid for it almost 11 years ago. The six-bedroom, six-bathroom house on Pecksland Road was put up for sale ...  
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STOCKS NEWS THAILAND-Citigroup raises Land & Houses target price
Citigroup raised its target price for Land & Houses Pcl , Thailand's biggest housing developer, to 8.5 baht ($0.27) from 7.9 baht ($0.25) as it upgraded 2012 earnings to reflect a gain from asset divestment and higher rental income. Citi also ...  
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Citigroup made $2.9 billion in 1Q, missing Street
The chairmen of both parent companies, John Reed and Sandy Weill respectively, were announced as co-chairmen and co-CEOs of the new company, Citigroup, Inc., although the vast difference in management styles between the two immediately presented ...  
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Emerging Funds Post Outflow of $712 Million, Citigroup Says
Emerging-market equity funds posted an outflow of $712 million in the week ended April 18, Citigroup Inc. said. The consecutive weekly outflows from Asia excluding Japan funds since early March have erased all the inflows in early 2012, analysts ...  
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South Africa Yields Fall on Citigroup Index Inclusion
South African government bond yields fell the most in more than three years after Citigroup Inc. said the debt may be included in its World Government Bond Index. The South African Government Bond Index met all requirements for inclusion in the ...  
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Legg Mason Upgraded to “Buy” at Citigroup; Added to “Top Picks” List (LM...
That target suggests a massive 35% upside to the stock’s Wednesday closing price of $24.05. Citigroup also added Legg Mason to its “Top Picks Live” list, citing the company’s new capital plan, which includes deleveraging strategies and ...  
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Citigroup buoyed by capital markets, economy
(Reuters) - Citigroup Inc's quarterly profit beat Wall Street estimates as the third-largest U.S. bank cut expenses and benefited from an improved economy and more active capital markets after ... investment banking business declined 12 percent ...  
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Citigroup Buys Office Property in Mumbai for $187 Million – Report
Mumbai – Citigroup Inc. has purchased a property spread over 297,000 square feet in Mumbai ... floors of First International Finance Centre to house the group’s India headquarters, the report added. Citigroup executives weren’t immediately ...  
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Stock futures shave rise after Citigroup
NEW YORK (MarketWatch) — U.S. stock-index futures trimmed Monday gains after financial-services company Citigroup Inc. reported quarterly earnings that beat expectations but revenue that fell short. Citigroup (NYSE:C)   tallied first-quarter ...  
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Video: Citigroup's Wieting on Corporate Earnings Outlook
April 9 (Bloomberg) -- Steven Wieting, head of economic and market analysis at Citigroup Inc., talks about the outlook for corporate earnings and the stock market. Wieting speaks on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)  
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Citigroup Global Mkt - Form 8
 FORM 8 (DD) PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS) Rules 8.1, 8.2 and 8.4 of the Takeover ...  
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Citigroup Shareholders Reject Management’s Compensation Plan
Citigroup Inc. (C) shareholders rejected the bank’s executive compensation plan in an advisory vote amid criticism it would let Chief Executive Officer Vikram Pandit collect rewards too easily. About 45 percent votes were in favor of the plan ...  
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Citigroup Appoints Bruchou to Oversee South America Division
Citigroup Inc. (C)’s Latin America head Francisco Aristeguieta, helping Chief Executive Officer Vikram Pandit with a push to expand in emerging markets, has overhauled the bank’s leadership team in the region. Aristeguieta named Juan Bruchou ...  
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Citigroup Reports Mixed Bag
After reporting a disappointing result in the prior quarter, Citigroup Inc.’s (NYSE:C - News)results were a mixed bag in the first quarter. First-quarter 2012 earnings came in at 95 cents per share on revenues of $19.4 billion. It was hurt by ...  
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Citigroup Misses Estimate on Accounting Cost
Citigroup Inc. (C) (C), the third-biggest U.S. bank, said profit fell 2.3 percent, missing analysts’ estimates on a bigger-than-projected accounting cost. Fixed- income trading revenue almost tripled from the fourth quarter. First-quarter net ...  
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Citigroup shareholders reject management’s compensation plan
April 17 (Bloomberg) -- Citigroup Inc. shareholders rejected the bank’s executive compensation plan in an advisory vote amid criticism it would let Chief Executive Officer Vikram Pandit collect rewards too easily. About 45 percent votes were ...  
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Spain, Italy Set for Downgrade Amid Slump, Citigroup Says
Telegraph.co.ukSpain, Italy Set for Downgrade Amid Slump, Citigroup SaysBusinessWeekBy Lorenzo Totaro on April 19, 2012 Spain and Italy will be downgraded by Moody's Investors Service and Standard & Poor's this year as the recession and debt crisis worsen, economists and strategists at Citigroup Inc. said.Spain, Italy Set for Downgrade as Bailout Looms, Citigroup SaysSan Francisco ChronicleSpanish and Italian borrowing costs already at...  
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Citigroup’s Parsons: Ending Glass-Steagall Led to Crisis
Richard Parsons, speaking two days after ending his 16-year tenure on the board of Citigroup Inc. and a predecessor, said the financial crisis was partly caused by a regulatory change that permitted the company’s creation. The 1999 repeal of ...  
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Citigroup CEO, directors, sued over executive pay
(Reuters) - Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank's directors have been sued for allegedly awarding outsized pay to top executives. The complaint filed Thursday in Manhattan federal court accuses directors of breaching their fiduciary duties by awarding more than $54 million of compensation in 2011 to the executives, including $15 million to Pandit, though the bank's performance did...  
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Citigroup Shareholders Revolt Over Pandit Pay
Bloomberg's Erik Schatzker, Stephanie Ruhle, Scarlet Fu and Sara Eisen report that Citigroup Inc. shareholders rejected its executive pay plan, a first among the six largest U.S. banks, amid criticism it lets Chief Executive Officer Vikram ...  
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Exclusive: Citi can promote executive tied to Grubman scandal
(Reuters) - Citigroup Inc can appoint as chief of equity sales an executive disciplined by regulators for failure to properly oversee Jack Grubman, a research analyst who wrote fraudulent reports on companies to boost their stocks. The U.S. Securities and Exchange Commission approved a request by Citigroup and the Financial Industry Regulatory Authority to allow the executive, Kevin McCaffrey, to work as chief of equity sales in the Americas...  
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Hering Heads for Two-Month Low as Citigroup Cuts Rating to Hold
Cia. Hering (HGTX3), Brazil’s second- biggest clothing retailer, headed for a two-month low after Citigroup Inc. lowered its recommendation to the equivalent of hold from buy. Hering dropped 2.7 percent to 43.61 reais at 3:25 p.m. in Sao Paulo ...  
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Citigroup loses advisory vote on executive compensation
DALLAS (Reuters) - Citigroup Inc (NYS:C) shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit. Only 45 percent of shareholders endorsed ...  
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Citigroup upped to buy at S&P Capital IQ
NEW YORK (MarketWatch) -- Analysts at S Capital IQ on Monday raised their rating on Citigroup Inc. shares to buy from hold after the firm posted a slightly improved first-quarter profit. "(Citi's) first-quarter earnings per share...beats our estimate, on a rebound in equity and fixed income trading revenues, as well as lower than expected noninterest expenses. We think Citi has done a good job controlling expenses, while growing corporate...  
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Citigroup profit beats estimates as expenses drop
(Reuters) - Citigroup Inc's first-quarter profit beat Wall Street estimates as expenses fell 7 percent from the 2011 fourth quarter. The New York-based lender said earnings per share, excluding the impact of certain accounting adjustments for changes in the value debts and credits, were $1.11. Wall Street analysts, who usually exclude such accounting items, had expected, on average, earnings of $1 a share, according to Thomson Reuters I/B/E/S...  
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Citigroup Names New Head Of US Commercial Banking
NEW YORK -(Dow Jones)- Citigroup Inc. (C) promoted William Howle to head commercial banking in the U.S., the company announced on Wednesday. Citi has been working to revamp its U.S. consumer and commercial banking operations, a business that was ...  
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Video: Citigroup's Woods Likes Long-Dated Corporate Credit
March 29 (Bloomberg) –- John Woods, chief investment strategist at Citigroup Inc.'s private bank in Hong Kong, talks about Asia's central banks' monetary policies, economies and his investment strategy. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)  
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Citigroup’s Q1 Profit Falls, but Still Beats Estimates; Revenue Misses (C...
Embattled banking giant Citigroup Inc. ( C) on Monday posted a slight downturn in first quarter profits, but its results still beat analyst expectations. The New York-based company reported first quarter net income of $2.93 billion, or $1.11 per ...  
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Citigroup Shares Rise as Bond-Trading Revenue More Than Doubles
April 16 (Bloomberg) -- Citigroup Inc. rose 1.8 percent in New York trading after reporting fixed-income trading revenue that more than doubled from the fourth quarter. Citigroup gained 60 cents to $34.01, after rising 27 percent this year ...  
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Fewer Investors Rule Out QE3, Citigroup Survey Shows
Investors optimistic enough to predict that the Federal Reserve won’t buy more debt to support the economy decreased this month amid slower job growth, according to a Citigroup Inc. survey. Almost 45 percent of respondents said they didn’t ...  
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Citigroup Countersued by Rajaraman Over Gold Losses
Citigroup Inc. (C) (C)’s Singapore unit was countersued by Raghavendran Rajaraman, who claimed the bank breached an agreement by prematurely selling his gold assets held as collateral and closing his trading account. Citigroup induced and ...  
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Citigroup Said to Sell $458 Million CLO for Fraser Sullivan
Citigroup Inc. (C) is raising a $458.3 million collateralized loan obligation for WCAS Fraser Sullivan Investment Management LLC, according to two people with knowledge of the deal. The fund, which will refinance the COA Tempus CLO, includes a $ ...  
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Citigroup exec: Atlanta's water war first of coming flood
Atlanta’s ongoing war over water with Alabama and Florida is likely the first of what will be similar wars across the country over the precious resource, writes Bloomberg View columnist Peter R. Orszag, vice chairman of global banking at Citigroup Inc ...  
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Titanium Metals Up 1.0% Since Citigroup Upgraded One Week Ago (TIE...
One week ago Titanium Metals (NYSE:TIE) was upgraded from Neutral to Buy at Citigroup. Titanium Metals shares are selling at $14.79, 1.0% above the $14.65 price point of one week ago. Titanium Metals share prices have moved between a 52-week high of $20.39 ...  
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Citigroup Sets $700 Million Charge on Akbank Stake Sale
Citigroup Inc. (C), the third-largest U.S. bank by assets, expects an impairment charge of $700 million in the first quarter as the lender cuts its investment in Istanbul-based Akbank TAS (AKBNK) by more than half. The loss is about $1.1 billion ...  
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Pandit: Citi to resubmit stress test by mid-June
NEW YORK (MarketWatch) -- The chief executive of Citigroup Inc. , Vikram Pandit, said on Monday that the bank expects to receive additional information from the Federal Reserve this month about its stress test. Citigroup, Pandit noted, has to resubmit the stress test by the middle of June and the Fed will have 75 days after the resubmission to review the bank's capital plan. Speaking on a conference call with analysts, Pandit said the bank...  
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Citigroup Misses Estimate on Accounting Cost as Trading Rebounds
Citigroup Inc. (C), the third-biggest U.S. bank, said profit fell 2.3 percent, missing analysts’ estimates on a bigger-than-projected accounting cost. Trading revenue rebounded from the fourth quarter. First-quarter net income was $2.93 ...  
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Citigroup shareholders send message in rejecting CEO pay package
The shareholder rejection of Citigroup Inc. Chief Executive Vikram Pandit's $15-million pay package has some on Wall Street wondering if the same fate might be in store for the heads of other big U.S. banks. Both Wells Fargo & Co. andBank of ...  
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Citigroup Global Markets, Inc. - Medical Equipment - Advisory Profile
Citigroup Global Markets, Inc. - Medical Equipment - Advisory Profile - Citigroup Global Markets, Inc. provides financing solutions for corporations, governments, and institutional and retail investors through underwriting, sales and trading, and distribution.  
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Citigroup: Spain debt restructuring more likely
MADRID (MarketWatch) -- The risk of a Spanish debt restructuring is higher now than it's been since the beginning of the crisis, said Citigroup Inc. chief economist William Buiter in a research comment published Wednesday. "Spain looks likely to enter some form of a troika program this year, as a condition for further European Central Bank support for the Spanish sovereign and/or Spanish banks," said the former Bank of England Monetary Policy...  
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Citigroup Is Reportedly Willing To Sell Its Entire Stake In Smith Barney...
March 22 (Bloomberg) -- Citigroup Inc. signaled interest in selling its remaining stake in a brokerage joint venture to Morgan Stanley this year, said Glenn Schorr, a Nomura Holdings Inc. analyst. Citigroup Chief Financial Officer John Gerspach and Chief ...  
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Citigroup Has ‘Plenty of Time’ to Sell All of Smith Barney
Citigroup Inc. (C) (C) isn’t under immediate pressure to sell its entire stake in Morgan Stanley Smith Barney because the bank has made progress in reaching capital goals, Chief Executive Officer Vikram Pandit said. Citigroup has “plenty of ...  
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The Zacks Analyst Blog Highlights: Citigroup, MetLife, SunTrust Banks...
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 We are downgrading our recommendation on Citigroup Inc. (NYSE: C) to Underperform from Neutral based on its failure to pass ...  
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Hungary Transaction Tax Would Risk Saver Flight, Citigroup Says
Hungary’s proposed financial transaction tax would weaken the banking sector because it may push savers to withdraw their funds from local lenders, Citigroup Inc. said today. News website Origo reported yesterday that the government is ...  
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Little Credit For Citigroup's Assets
Citigroup holds a collection of international assets that deserve more value than ... BUSINESS ASSOCIATES AND SUPPLIERS DISCLAIM ALL WARRANTIES WITH RESPECT TO THE SAME, EXPRESS, IMPLIED AND STATUTORY, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES ...  
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Investors Dump Falling-Interest-Rate View, Citigroup Survey Says
Investors have abandoned bets that interest rates will decline, turning neutral, according to the majority of respondents to a Citigroup Inc. (C) survey of this week. More than 33 percent of investors surveyed said they were neutral on rates ...  
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Citigroup Worth At Least $145 Per Share Over Next Cycle
Improving loan portfolios is driven through charge-offs, receipt of foreclosure proceeds and loan modifications to reduce net charge-offs and increasing lending standards. In addition, of course, inferior loans may just be paying off. The toughest lending ...  
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Bo Xilai Clan Links Included Citigroup Hiring of His Elder Son
Former Chinese Communist Party Secretary of Chongqing Bo Xilai. Former Chinese Communist Party Secretary of Chongqing Bo Xilai. Photographer: Nelson Ching/Bloomberg Former Chongqing Communist Party Secretary Bo Xilai, right, is a... Pro portfolios track ...  
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Citigroup shareholders reject Pandit's $15-mn pay package
Other members included new Citigroup Chairman Michael O’Neill, William Thompson Jr and Diana Taylor. Taylor is the companion of New York City Mayor Michael Bloomberg, the founder and majority owner of Bloomberg News parent Bloomberg LP. Citigroup ...  
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Citigroup Investors Vote Down CEO’s Lavish Pay Package
NEW YORK  — Citigroup has become the first Wall Street bank to get a thumbs-down from shareholders over outsized executive pay. At its annual meeting Tuesday, 55 percent of the bank’s shareholders voted against the pay packages that have been granted to Citigroup’s top executives, including CEO Vikram Pandit’s $15 million for last year and [...]  
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Compensation Resources, Inc.'s Response to the Citigroup Compensation Vote...
and at the same time be responsive to the demands of their shareholders. These items are not only specific to publicly-traded companies, but reflect best practices for any incentive plan designs: 1.    Review their incentive plans, equity arrangements ...  
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Citigroup Swings to $2.9 Billion Q1 Profit
Eventually by December 2010, Citigroup repaid the emergency aid in full and the US government received an additional $12 billion profit in selling its shares ... lending services through a branch network system. Consumer loan services include real estate ...  
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Citigroup's Chief Rebuffed on Pay by Shareholders
New York TimesCitigroup's Chief Rebuffed on Pay by ShareholdersNew York TimesBy JESSICA SILVER-GREENBERG and NELSON D. SCHWARTZ Lm Otero/Associated PressThe shareholder vote comes amid a debate over income inequality and hints that anger over executive pay is spreading. In a stinging rebuke, Citigroup shareholders rebuffed on ...Citigroup board taught lesson by shareholders over executive payThe Guardian (blog)Shareholders say no to Citi chief...  
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Citigroup Profit Beats Street, Revenue Falls Short
Citigroup's quarterly profit beat Wall Street estimates as the third-largest U.S ... In the first quarter, a set of assets the company has been selling off or running down since the financial crisis declined 29 percent from a year earlier to $209 billion ...  
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Citigroup shareholders reject fat executive pay package
Mayo said finding a way to address the pay issue will be a test for incoming chairman Michael O'Neill. Richard Parsons, who was chairman since 2009, stepped down from the board this year. "The buck stops with him," said Mayo. In a statement late Tuesday ...  
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Citigroup's first-quarter net income declines by 2 per cent
Citibank CEO Vikram Pandit speaks at a branch opening ceremony in New York City. Credit: Getty Images. The financial services provider Citigroup has reported a net income of $2.93bn, or $0.95 per diluted share, for the first quarter of 2012 – a decrease ...  
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UPDATE: Citigroup Raises Target on JB Hunt to $60
Citigroup increases its price target on Neutral-rated JB Hunt (NASDAQ: JBHT) from $55 to $60 as the company delivers a solid beat for Q1. Citigroup notes, "We are increasing our 2012 and 2013 EPS estimates by 6% and 4%, respectively, as we are increasing ...  
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Citigroup earnings tell a solid revenue story
Transaction Services had record quarterly revenues as it captured increasing share in global trade finance ... In his comments Monday on JPMorgan Chase's (JPM) earnings results, FBR analyst Paul Miller said that "HARP has not fully ramped up," investors ...  
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Earnings watch: Citigroup, Mattel
Mattel (MAT), the toy company, said Monday that first-quarter net income declined 53%. Mattel posted profit of $7.8 million, or 2 cents a share, down from year-earlier earnings of $16.6 million, or 5 cents. Adjusted earnings in the latest quarter were 6 ...  
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Measuring Up Citigroup and Bank of America
“Citigroup Is the New Bank of America,” TheStreet.com declared after the stress test results were made public in March. Vikram S. Pandit, the chief executive of Citigroup, and other top officials may still increase the company’s dividend, albeit in ...  
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Citigroup’s Q1 Profit Falls, but Still Beats Estimates; Revenue Misses...
The New York-based company reported first quarter net income of $2.93 billion, or $1.11 per share, compared with $2.99 billion, or $1 per share, in the year-ago period. Last year's quarter included ... Pro portfolios track the top 15 quarterly holdings of ...  
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6 Buzzing Stocks: Citigroup Beats on Earnings, Mattel Drops 4.5% and Google...
The bank reported first quarter net income of $2.93 billion (95 cents per share), compared to $3 billion ($1 per share) a year earlier. It beat estimates on earnings, but missed on revenue. Mattel Inc. (NASDAQ:MAT) shares dropped 4.5 percent before the ...  
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Citigroup Ordered to Bolster Its Money-Laundering Safeguards
Citigroup Ordered to Bolster Its Money-Laundering SafeguardsBusinessWeekA Senate investigations subcommittee also criticized Citigroup's relationship with political figures including the sons of Nigeria's former military leader General Sani Abacha and El Hadj Omar Bongo, president of Gabon, and Asif Ali Zardari, ...and more »  
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Why I Own Citigroup Warrants
Despite a big run up so far in 2012, the banking sector is looking incredibly cheap today. Price to book values are still about one-quarter their historic levels. The nice thing about warrants is that, like an option, they give you the choice to ...  
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Former Citigroup Executive Lewis Cohen Joins BillMyParents Strategic Advisory...
SOURCE: BillMyParents April 02, 2012 09:31 ET SAN DIEGO, CA--(Marketwire - Apr 2, 2012) - BillMyParents, Inc. (OTCQB: BMPI) (OTCBB: BMPI) announced today that Lewis Cohen has joined the company's newly created Strategic Advisory Board. Mr. Cohen brings 28 years of experience at Citigroup, most recently serving as the Executive Vice President, Planning and Strategy, for the Citigroup Global Sector's Chief Data Office. "Mr. Cohen...  
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Citigroup Shareholders Reject Executive Pay Package
This is the first time shareholders of a Wall Street bank have rejected executive compensation. The vote sent a powerful message to the board of one of the country’s biggest banking firms. About 55 percent of Citigroup’s shareholders—including ...  
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Former Citigroup Executive Lewis Cohen Joins BillMyParents
For more information about BillMyParents, please visit: www.BillMyParents.com About BillMyParents BillMyParents, Inc. (OTCQB: BMPI) (OTCBB: BMPI) offers a solution ... freedom and security of a MasterCard prepaid card without the risk of overdrafts ...  
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Citigroup Investors Reject Management Compensation Plan
More than 150 people attended the annual meeting in addition to the board members and senior executives. All other management proposals passed with more than 80 percent of votes cast, including the election of directors, according to Citigroup ...  
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Capital One Cut from Citigroup’s “Top Picks Live” List
Credit card issuer Capital One Financial Corp. ( COF) on Thursday caught some tepid commentary from analysts at Citigroup. The firm said it cut COF from its "Top Picks Live" list on a valuation call, noting the stock has surged 35% since the beginning of 2012.  
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Oligarchy in the U.S.A.
In 2005, Citigroup offered its high net-worth clients in the United States a concise statement of the threats they and their money faced. The report told them they were the leaders of a "plutonomy," an economy driven by the spending of its ultra-rich citizens. "At the heart of plutonomy is income inequality," which is made possible by "capitalist-friendly governments and tax regimes." The danger, according to Citigroup's analysts, is that...  
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Your First Move For Tuesday April 10th
Within the past 12 months, Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager of an offering of securities of DIS Within the past 12 months, Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager ...  
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Fast Money’s 'Patented' Trade Possibilities
Within the past 12 months, Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager of an offering of securities of DIS Within the past 12 months, Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager ...  
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Commodity ‘Super Cycle’ May Be Coming to End, Citigroup Says
The “super cycle” of gains across commodity prices may be coming to an end as raw material production rises in response to higher prices and as China’s dominance in demand recedes, according to Citigroup Inc. Commodity markets are ...  
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Citigroup’s Stewart Names Howle Head of U.S. Commercial Bank
Citigroup Inc. (C) expanded William Howle’s role in its commercial banking arm, making him the unit’s U.S. head, as retail bank boss Cecelia “CeCe” Stewart seeks to reverse a slide in profit. Howle remains chief operating officer of U.S ...  
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Your First Move For Thursday March 29th
Within the past 12 months, Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager of an offering of securities of GOOG Citigroup Global Markets Inc. or its affiliates has received compensation for investment banking services ...  
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Time Warner Cable’s Target Boosted at Citigroup
Cable TV and Internet provider Time Warner Cable Inc. ( TWC) on Wednesday caught some continued positive sentiment from analysts at Citigroup. The firm maintained its "Buy" rating on TWC price while raising its price target to $99. That new ...  
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Facebook Acquisition Does Not Put Shutterfly in Play: Pro Trader
Meanwhile, if you’re eager to get into Facebook at the IPO ... Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager of an offering of securities of DIS Within the past 12 months, Citigroup Global Markets Inc. or its ...  
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Citigroup says US "new Middle East" for energy production. Republicans fail...
Republican President George Bush famously described the United States as "addicted to oil." And along with so many presidents (and pundits) before him, Bush proclaimed America must pursue "energy independence." I've heard this line since Carter ...  
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Citigroup’s First Quarter Net Income Falls 2%
Citigroup reported better-than-expected earnings on Monday, driven by steady demand for loans from consumers and businesses and an improving economic condition in the United States. The New York based bank reported that net income was down 2 ...  
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Citigroup Says Buy Emerging Energy Stocks to Gain From Oil Jump
Citigroup Inc. is recommending investors buy shares of emerging-market energy companies to benefit from the rising price of oil. Geoffrey Dennis, Citigroup’s global emerging-market equity strategist, raised his rating on the sector to ...  
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Citigroup quarterly profit dips
C-N reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets.The New York-based lender said net income was $2.93-billion (U.S.), ...  
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Citigroup’s First-Quarter Net Income Falls 2%
Citi is also dealing with the weight of its soured mortgage portfolio although delinquencies on loans are declining. In the wake of the $25 billion national mortgage settlement with federal and state regulators that helped quiet allegations ...  
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Citigroup's 1Q Earnings Expected To Be Flat
The bank reports Monday before the markets open, and analysts surveyed by Thomson Reuters expect, on average, revenues of $19.85 billion for the quarter, a slight increase on the $19.73 billion it saw last year, and earnings of 99 cents per ...  
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Citigroup Favors Emerging Energy Stocks on Oil Jump
Russia, Colombia and Brazil will benefit from higher oil prices because they export the fuel, while countries dependent on imports including Taiwan, South Korea and the Czech Republic will suffer, Dennis said. Dennis estimates emerging-market ...  
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Citigroup Says Add Krona and Reduce Loonie in Model Portfolio
Citigroup (C) Inc. urged its clients to increase wagers that the Swedish krona will strengthen and decrease bets the Canadian dollar will rise. The firm’s overlay portfolio, made up of the currencies of Group of 10 nations, is not traded and ...  
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DealBook: Citigroup's First-Quarter Net Income Falls 2%
Citigroup, however, reported better-than-expected revenue growth on Monday, driven by steady demand for loans from consumers and businesses and an improving economic condition in the United States.  
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Scotiabank, Citi hired to sell Vale energy assets
(Updates with Vale spokeswoman declining comment) SAO PAULO -(MarketWatch)- Brazilian mining company Vale SA (VALE, VALE5.BR) has hired Bank of Nova Scotia BNS and Citigroup Inc. C to help sell its oil and gas exploration blocks in Brazil, according to a person familiar with the transaction. Earlier, Bloomberg News cited one person as saying that Vale's oil exploration fields may be worth as ...  
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Citigroup’s Pandit Lists Greenwich Home at $4.3 Million
“This timeless residence includes a wood-paneled library, updated eat-in kitchen with adjacent family room, lower level playroom and two-car garage ... according to the town’s tax collector’s office. The median sales price of a home ...  
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Citigroup writes off deferred mortgage principal under AG settlement ...
Servicers will often defer principal during a modification to the back-end of the mortgage. The borrower will still have to pay it, but usually the terms are extended (under HAMP, it could go out to as far as 40 years) and the ...  
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Citigroup Rises Despite Mixed Earnings Report
Citigroup (C) shares were about 1.5% higher in pre-market action after the bank’s earnings missed analysts’ expectations ... produced another quarter of good growth in revenues, net income and key drivers like loans and deposits.  
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Citigroup Shares Advance as Revenue From Bond Trading Climbs
April 16 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. bank ... Mark Mason runs Citi Holdings. --With assistance from Emma Ross-Thomas in Madrid and Steve Dickson and Betty Liu in New York. Editor: Steve Dickson  
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Citigroup Hit By U.S. Regulator On Bank Secrecy
Citigroup Inc has agreed to take steps to clean up its compliance with bank secrecy and money laundering laws as part of an agreement with the Office of the Comptroller of the Currency.  
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Stocks To Watch: Mattel, Endocyte, Citigroup
Mark Cuban has taken a 7.4% stake in video ringtone maker Vringo Inc. (VRNG), a disclosure ... Dreams Inc. (DRJ) said it has signed a definitive merger agreement with Fanatics Inc., an online seller of licensed sports products.  
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Citigroup CEO Vikram Pandit's pay package slammed by Wall Street shareholders
The 15 million dollar pay package of Vikram Pandit, Citigroup Inc. Chief Executive has been slammed by the bank's shareholders, who are demanding that it be toned down.  
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Pre-Market Movers (Pluristem, Mechel, Zynga, JPMorgan Chase, Citigroup...
The companies whose shares are moving in pre-market trading on Friday are: Pluristem Therapeutics Inc, Mechel OAO, Zynga Inc, JPMorgan Chase & Co, Citigroup Inc, Morgan Stanley and Apartment Investment and Management Co.  
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Deutsche Bank top FX house but Citi gains share
Germany’s Deutsche Bank AG is once again ranked as the top foreign-exchange house in a closely watched survey, though competition intensifies and Citigroup Inc. snatches second place as its market share rose sharply.  
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