Vikram Pandit

Citigroup Chief Executive Vikram Pandit announced preliminary third-quarter results of Citi’s foreclosure prevention activities in Missouri during a visit to St. Louis on Monday. Distressed mor...  

(Reuters) - Citigroup Inc (C.N) recently rejected a proposal from Guy Hands’ private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI, the Wall Street Journal said on Monday. The buyout firm had offered to inject about 1 billion pounds ($1.67 billion) into EMI in exchange for Citigroup waving a similar [...]’  

BOSTON (MarketWatch) -- Shares of Citigroup Inc. and the broader financial sector traded higher early Monday following reports that highly respected hedge-fund manager Paulson & Co. bought 300 million Citi shares during the third quarter. Citi shares were up more than 4% at last check Monday while the Financial Select Sector SPDR Fund , an exchange-traded fund tracking financial stocks, rose about 1%. Market Pulse Stories are Rapid-fire...  

NEW YORK (AP) — Citigroup Inc. said Sunday that it is selling its controlling stake in Japan’s leading call center operator, Bellsystem24, to private equity firm Bain Capital Partners in a deal that values the operation at $1.1 billion. Security ...  

As the previous post mentions, Citigroup CEO Vikram Pandit was in town yesterday to speak at Washington University. He also visited with employees of the CitiMortgage division in O'Fallon, Mo., and announced some updated results for the ...  

Bankers usually aren’t the ones making promises to pay the money back. But the CEO of Citigroup Inc. did just that in Kansas City this week. Citi owes the American taxpayer not only the $45 billion in federal aid it got but also “a debt of gratitude,” said Vikram Pandit, who was handed Citi’s top job at the start of this long, deep recession nearly two years ago.  

Citigroup Inc.'s (NYSE:C) management indicated that it is comfortable with its valuation for an asset that is expected to be written down by an accounting expert. Citigroup has a roughly $38 billion deferred tax asset, which essentially represents expected cash flow from future tax benefits....  

Edward Harrison submits:In a recent post, “How is Citi going to deal with $38 billion in deferred tax assets?,” I pointed to a Reuters article which called into question Citigroup’s (C) ability to earn enough money to prevent its having to take a charge for an incredibly large deferred tax asset. That post generated a response from a Citi representative who emphatically defended Citi’s capital position with a chart comparing Citigroup to other...  

http://www.companiesandmarkets.com/Summary-Company-Profile/citigroup,-inc.-oil-gas-advisory-profile-162912.asp Citigroup, Inc. - Oil & Gas - Advisory Profile Summary Citigroup, Inc. is a diversified financial services company. The group provides a range of financial products and services to consumer and corporate customers. It operates through four segments: Global Cards, Consumer Banking, Institutional Clients Group and Global Wealth...  

Filed under: Citigroup Inc. (C), Initial public offeringsBeing 34% owned by the U.S. government, Citigroup's (NYSE: C) destiny is somewhat murky. Yet, to pay off the loans, this massive financial institution must shrink. To this end, Citigroup has filed a public offering for its Primerica Financial Services. According to the prospectus, the deal is expected to raise $100 million, but it's likely the amount will be much larger.Primerica...  

Filed under: Management, Citigroup Inc. (C)John Reed, the financier who helped engineer the creation of Citigroup (NYSE: C) has a message for investors and taxpayers who are none-to-pleased with his track record of value destruction: My bad! In an interview with Bloomberg, Reed said "I'm sorry. These are people I love and care about. You could imagine emotionally it's not easy to see what's happened." He also advocated splitting Citigroup and...  

Struggling financial giant Citigroup Inc. announced late Thursday an initial public offering for Primerica Inc., and said it would sell off its Duluth, Ga.-based life insurance subsidiary after it goes public. (C)  

Nov 6 (Reuters) - Citigroup Inc (C.N) is planning to relaunch Citi Alternative Investments (CAI), a unit that contains its hedge fund operations, the Financial Times reported on its website on Friday. Citi wanted to change the name of the unit to Citi Capital Advisors, the paper said, citing people close to the situation. The report said [...]  

Citi Releases Preliminary Results of Quarterly Foreclosure Prevention ...WELT ONLINEMr. Pandit is also meeting with local government officials and community groups that Citi partners with in St. Louis to provide foreclosure prevention ...Citigroup CEO Pandit visits St. LouisSt. Louis Business JournalSt. Louis Post-DispatchSt. Louis Post-DispatchCitigroup CEO visits campus and talks job prospectsStudent Lifeall 18 news articles »  

Citigroup has advised NLPC that Senior Vice President Eric Eve has resigned for ACORN’s Advisory Committee. In a September 28 letter to Citigroup CEO Vikram Pandit, I asked that the bank sever its relationship with ACORN, including Eve’s membership on the Committee. In an October 29 reply, Citigroup also stated that it has “suspended our charitable financial support and program relationship with ACORN, and we are awaiting the results of the...