FEATURES >> Highest Paid Bank CEOs | Top 10 Financial Failures of 2011
TOPICS >> MF Global | Occupy Wall Street | Dodd-Frank | Top Banks: GS C BAC JPM WFC MS
Citigroup news from FierceFinance
Citigroup, Inc. is a global diversified financial services holding company that provides consumers, corporations, governments and institutions a broad range of financial goods and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management. Citigroup operates via two primary business segments: Citicorp, consisting of its Regional Consumer Banking and Institutional Clients Group; and Citi Holdings, consisting of its Brokerage and Asset Management, Local Consumer Lending and Special Asset Pool. The third segment is Corporate/Other. By reorganizing into three business segments, Citi can enhance the capabilities and performance of its core assets, through Citicorp, and tighten its focus on risk management and reduce and realize value from its non-core assets, through Citi Holdings.The company currently has about 200 million customer accounts and operates in more than 140 countries. Source: SEC Filings
NewsCitigroup revenue a major concernCitigroup missed earnings projections for the fourth quarter, reporting profits of $1.16 billion, or $0.38 cents a share, compared with the average analyst recommendation of 50 cents a share. Read more...Institutions, brokerages warm to Citigroup
One of Citigroup's goals when it reverse split its stock last year was to try and build institutional ownership, especially since some argued that big funds did not want to own a sub-$5 stock and Read more...
2011 a rotten year for bank stocks
The past year was miserable for bank executives, who watched their stocks plummet. The biggest loser, as we've noted, was Bank of America. It fell 58 percent on the year. According to Bloomberg, the Read more...
Citigroup: Worst performing big bank stock
Bank of America's stock swoon has been getting lots of attention lately, especially as the bank struggles to stay above the important $5 a share barrier. Citigroup, of course, has "been there, done Read more...
LIBOR investigation goes global
The extent to which top banks can manipulate interbank offered rates, which are set by panel banks that submit offered rates, has been a big issue recently. Most of the publicity has centered on Read more...
Citigroup slashes 4,500 jobs, $400 million
The holiday season in the banking industry has been marred by a lack of good cheer brought on by lots of job anxiety. Bank executives are in a mood to cut expenses, and the axe fell at Citigroup this Read more...
SEC's weak case against Citigroup
As the SEC decides how to proceed in its efforts to settle fraud charges against Citigroup, the conventional wisdom is that the agency let the bank off light in its zeal to notch a victory against a Read more...
SEC mulls Citigroup settlement options
Judge Jed Rakoff is incensed. In his mind, the SEC let Citigroup settle some significant charges for a mere $285 million slap on the wrist, esentially to be paid for by shareholders. He has every Read more...
Citigroup may pay more to settle charges
In 2009 judge Jed Rakoff rejected a $33 million settlement between the SEC and Bank of America, essentially arguing that deal let the bank off with too light a penalty for its crimes, to which it did Read more...
BofA low stock price looms as big issue
Bank of America's stock continues to test new lows, despte rally Wednesday. It has dwindled to the important $5 a share barrier, and frankly no one would be surprised if it sank below that level Read more...
| Press ReleasesFitch: Citigroup's OneMain Unit Remains Non-Core AssetNEW YORK--(BUSINESS WIRE)-- Fitch Ratings says Citigroup's sale of its OneMain consumer lending unit appears to be postponed until market conditions improve and a better price can be realized. The Read more >> Citi Fourth Quarter 2011 Fixed Income Investor ReviewNEW YORK--(BUSINESS WIRE)-- John Gerspach, Chief Financial Officer, and Eric Aboaf, Treasurer, will conduct the Citigroup fourth quarter 2011 Fixed Income Investor Review at 10:00 AM (EST) on Read more >> Primerica Announces “Refounding” IPO Process is CompleteFormer Parent Company Citigroup Sells its Remaining Equity Stake in Primerica DULUTH, Ga.--(BUSINESS WIRE)-- Primerica, Inc. (NYSE:PRI) today announced that Citigroup has sold approximately 8 million Read more >> Citigroup Prices Offering of its Remaining Equity Stake in PrimericaDULUTH, Ga.--(BUSINESS WIRE)-- Primerica, Inc. (NYSE: PRI) today announced the pricing of a public offering of 8,081,542 shares of Primerica’s common stock held by a subsidiary of Citigroup Inc. at a Read more >> Bank of America Names John Bottega Chief Data OfficerCHARLOTTE, N.C.--(BUSINESS WIRE)-- Bank of America announced today that John Bottega has joined the company as chief data officer. In this role, Bottega is responsible for the bank's data management Read more >> |
