Citigroup Inc.
News and overview for Citigroup Inc.
Pay czar: Pay cut rules aren't driving talent away - MarketWatch
MarketWatch | 10 days 18 hours 15 minutes ago
Responding to concerns among key executives at the institutions who argue that the limitations are driving away capital, Feinberg said at a conference in Washington, "I don't believe we are discouraging talent."
Medidata Solutions Files Registration Statement for Public Offering of Common Stock [Press Release]
Business Wire | 2 days 20 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...
Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share [Press Release]
MarketWire | 4 days 13 hours 48 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/18/09 -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.1257 for each Class A share ($1.5084 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable December 10, 2009 to shareholders on record as of November 30, 2009.
Financial 15 Split Corp. II: Regular Monthly Dividend Declaration for Class A & Preferred Share [Press Release]
MarketWire | 4 days 13 hours 48 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/18/09 -- Financial 15 Split Corp. II ("Financial 15 II") declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable December 10, 2009 to shareholders on record as at November 30, 2009.
Government Gals take on Wall Street David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 6 days 4 hours 34 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.
U.S. stocks trim gains; Nasdaq turns lower - MarketWatch
MarketWatch | 20 days 15 hours 41 minutes ago
Bonds, dollar recoup decline as stocks turn down
stocks in focus for Monday - MarketWatch
MarketWatch | 9 days 4 hours 29 minutes ago
Assured Guaranty /quotes/comstock/13*!ago/quotes/nls/ago (AGO 21.66, +3.56, +19.67%) is projected to post earnings of 36 cents a share in the third quarter.
Dollar General, rue21 priced for Friday IPOs - MarketWatch
MarketWatch | 9 days 19 hours 7 minutes ago
Dollar General said its offering of 34.1 million shares priced at $21 each, at the low end of its anticipated range of $21 to $23. The company is selling 22.7 million shares, while existing shareholders will sell 11.4 million shares.
Starwood Announces Early Tender Results of its Cash Tender Offer for up to $300,000,000 Aggregate Principal Amount of Certain of its Outstanding Notes [Press Release]
Business Wire | 2 days 18 hours 5 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announced that, as of 5:00 p.m., New York City time, on November 19, 2009 (the “Early Tender Date”), $193,652,000 aggregate principal amount of its 7⅞% Senior Notes due 2012 (CUSIP No. 85590AAD6/U85650AB2) (the “2012 Notes”) and $132,107,000 aggregate principal amount of its 6¼% Senior Notes due 2013 (CUSIP No. 85590AAK0) (the “2013 Notes” and, together with the 2012 Notes, the “Notes”) have been tendered and not validly withdrawn i...
A.M. Best Places Ratings of Primerica Life Insurance Company and Its Subsidiaries Under Review with Negative Implications [Press Release]
Business Wire | 13 days 12 hours 24 minutes ago
A.M. Best Co. has placed under review with negative implications the financial strength rating of A+ (Superior) and issuer credit ratings of “aa-” of Primerica Life Insurance Company (Boston, MA) and its subsidiaries, National Benefit Life Insurance Company (New York, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario) (collectively known as Primerica Life).
Fitch Rates Citigroup Trust II-R Series 1125 ROCs & ROLs [Press Release]
Business Wire | 17 days 16 hours 54 minutes ago
Fitch Ratings assigns a rating of 'AA/F1+' to the Citigroup Global Markets, Inc. Trust II-R series 1125 reset option certificates (ROCs) and a rating of 'AA' to the series 1125 reset option longs (ROLs). The long-term 'AA' rating is based on the rating that Fitch has assigned to the South Carolina Public Service Authority, revenue obligations, series 2009 tax-exempt series E, deposited into the trust. The short-term 'F1+' rating is based on the shortfall liquidity agreement guaranteed by Citi...
Financial stocks slip; insurers move broadly lower - MarketWatch
MarketWatch | 10 days 17 hours 38 minutes ago
Insurers led the drop, with the seven biggest decliners in the S&P financial sector all from that industry.
Credit cards gouge consumers ahead of new law - MarketWatch
MarketWatch | 16 days 20 hours 23 minutes ago
In fact, some 400 credit cards from the nation's 12 largest bank issuers -- accounting for 90% of the $89.8 billion in outstanding consumer credit -- are still using most of the same tactics that the Federal Reserve has called "unfair or deceptive" and that will be outlawed in fewer than four months, according to a new report from the Pew Health Group's Safe Credit Cards Project.
Citi's smaller reserve build unnerves investors - MarketWatch
MarketWatch | 38 days 11 hours 24 minutes ago
Citi /quotes/comstock/13*!c/quotes/nls/c (C 4.75, -0.25, -5.00%) said its net loan loss reserve build was $802 million in the latest period, down from $3.9 billion in the prior quarter.
The Stock Alarm Issues Afternoon Alerts for the Following: Bank of America Corp., Citigroup Inc., Cit Group Inc. and Sprint Nextel Corp. [Press Release]
MarketWire | 39 days 10 hours 48 minutes ago
LAS VEGAS, NEVADA -- (Marketwire) -- 10/14/09 -- The Stock Alarm, a premier small cap research firm provides the right stock picks, at the right time, right to your inbox. The Stock Alarm tracks stocks all over the market but our primary focus is to provide investors with winning micro and small cap stocks. We provide our subscribers with comprehensive due diligence on little known small cap stocks that look poised for enormous growth. Our detailed reports are available to all investors FREE...
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 |