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Citigroup Inc.

News and overview for Citigroup Inc.

Citi redeems $250 million seed money from Claren - MarketWatch
MarketWatch | 5 days 21 hours 39 minutes ago
Citi /quotes/comstock/13*!c/quotes/nls/c (C 4.24, +0.06, +1.44%) redeemed all of its investment, roughly $250 million, the people said on condition of anonymity.


Wells Fargo to repay clients who held auction rate securities - MarketWatch
MarketWatch | 4 days 17 hours 45 minutes ago
NEW YORK (MarketWatch) -- The North American Securities Administrators Association Wednesday announced a settlement in principle between Wells Fargo Investments LLC and state securities regulators to return approximately $1.3 billion to the firm's clients whose funds have been frozen in the auction rate securities market.


Bain to announce Japan's Bellsystem24 buy: report - MarketWatch
MarketWatch | 8 days 20 hours 32 minutes ago
Earlier this month Boston-based Bain won exclusive negotiation rights to buy Bellsystem24, beating other private-equity firms, including Permira Advisors LLP, CVC Capital Partners Ltd. and Blackstone Group. The asset is being sold by Citigroup's Japan private-equity arm, previously known as Nikko Principal Investments, which is now called Citigroup Capital Partners Japan. Nikko Principal bought Bellsystem24 in 2004.


Stocks in focus for Monday - MarketWatch
MarketWatch | 7 days 23 hours 1 minute ago
Retailers including Home Depot and Target will report results and key economic data will include retail sales and industrial output. Meanwhile, nine speakers from the Federal Reserve will offer their views on the economy. Stacey Delo reports. (Nov. 13)


Citi to sell stake in Japan call-center firm - MarketWatch
MarketWatch | 8 days 9 hours 54 minutes ago
Reports say the deal is part of Citigroup's effort to pay back the U.S. government for its $45 billion bailout during the financial crisis.


GMAC Financial Services CEO resigns - MarketWatch
MarketWatch | 6 days 20 hours 28 minutes ago
"The board has tasked Carpenter with accelerating the strategic and operational changes necessary to focus GMAC on its core auto finance and related businesses," the company said in a statement.


Paulson held big stake in Citi on Sept. 30 - MarketWatch
MarketWatch | 9 days 17 hours 57 minutes ago
A recent study shows people are twice as likely to seek information that confirms their beliefs than they are to consider evidence that contradicts thems. WSJ Intelligent Investor columnist Jason Zweig tells Kelsey Hubbard how this "confirmation bias" can influence their financial decisions.


Citi leads sector lower after market gains reverse - MarketWatch
MarketWatch | 20 days 23 hours 29 minutes ago
Furthermore, Bloomberg News reported on Monday that Citi and rival J.P. Morgan Chase are hoarding cash. The move, the news service reported, may help strengthen the financial system, but will likely provide little benefit to shareholders.


Citi, financial stocks boosted by Paulson buying - MarketWatch
MarketWatch | 7 days 2 hours 59 minutes ago
Citi shares were among the big winners during the summer rally, but the stock has pulled back somewhat and is trading back below $5 a share.


Monday's biggest gaining and declining stocks Movers & Shakers - MarketWatch
MarketWatch | 7 days 6 hours ago
The latest international trade numbers border on blasphemy: Why is the U.S. trade gap widening at the same time that the dollar's plumbing year-plus lows?


Medidata Solutions Files Registration Statement for Public Offering of Common Stock [Press Release]
Business Wire | 3 days 5 hours 48 minutes ago
Medidata Solutions, Inc. (NASDAQ: MDSO), a leading global provider of hosted clinical development solutions, today announced that it filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 4.5 million shares of common stock of the company. The shares are being offered by certain stockholders of the company, including funds affiliated with Insight Venture Partners. Medidata Solutions will not receive any of the proceeds from the intended off...


Could gender play role in Wall Street reform? David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 5 days 18 hours 21 minutes ago
See, I told you. I bring this up not to get into a gender debate. There isn't one, as far as I'm concerned. Women are better with kids and the checkbook. They don't lose money in Vegas. They can cook a meal without using the microwave. They are psychologically tougher. Women aren't afraid to wear Nikes to work and then put on their dress shoes when they get to the office.





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Company Overview


Company: Citigroup Inc.
Industry: Money Center Banks
Website: http://www.citigroup.com

This is the Citi. One of the largest financial services firms known to man, Citigroup (also known as Citi) has some 200 million customer accounts and does business in more than 100 countries. Citigroup offers deposits and loans (mainly through Citibank), investment banking, brokerage, wealth management, alternative investments, and other financial services. Reeling from $90 billion in writedowns and losses on mortgage-related securities and other investments, Citigroup announced plans in early 2009 to split itself in two. The major reorganization will hive off its money-losing assets from its banking divisions.


Key Numbers

Sales in U.S. Dollars (mil.) 52,793 (2008)
One-year % Growth in Sales -35.4 (2008)
Net Income in U.S. Dollars (mil.) -27,684 (2008)
One-year % Growth in Net Income 0.0 (2008)
Number of Employees 387,000 (2007)
One-year % Growth in Number of Employees 14.8 (2007)
Fiscal Year-End December