Citigroup Inc.
News and overview for Citigroup Inc.
Wall Street bonuses are up, but there are losers MarketWatch First Take - MarketWatch
MarketWatch | 18 days 6 hours 39 minutes ago
But while investment bankers, bond and stock traders and underwriters and can expect between a 15% and 60% bonus increase at the end of 2009, many more can expect steep cuts. Among them:
Citi results drained by lingering credit losses - MarketWatch
MarketWatch | 39 days 8 hours 10 minutes ago
NEW YORK (MarketWatch) -- Citigroup Inc. said on Thursday that its third-quarter loss per-share narrowed from the year-earlier period, aided by rising financial markets and an easing credit crisis, but the firm continued to take large provisions for debt losses.
Citi reports per-share loss on credit woes - MarketWatch
MarketWatch | 39 days 9 hours 14 minutes ago
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7 Days Group Holdings Limited Announces Pricing of Initial Public Offering of its American Depositary Shares [Press Release]
PRNewswire | 3 days 1 hour 57 minutes ago
GUANGZHOU, China, Nov. 20 /PRNewswire-Asia-FirstCall/ -- 7 Days Group Holdings Limited ("7 Days Group" or the "Company")
Federal Reserve says stressed banks are on track - MarketWatch
MarketWatch | 14 days 9 minutes ago
The one exception, auto lender GMAC LLC, is in discussions with Treasury about its financial situation and whether it will need to access additional funding from a $700 billion government bank bailout program.
TD AMERITRADE Announces Pricing of $1.25 Billion Senior Notes Offering [Press Release]
Business Wire | 3 days 1 hour 22 minutes ago
TD AMERITRADE Holding Corporation (NASDAQ: AMTD) announced today that it has agreed to sell the following in an underwritten public offering:
Earnings season proves dicey for short sellers - MarketWatch
MarketWatch | 39 days 6 hours 7 minutes ago
The stock's tumble spelled good news for investors that had sold short about 117.96 million shares in Citigroup, making it the sixth most shorted stock on the New York Stock Exchange at the end of September.
Stocks in focus for Friday - MarketWatch
MarketWatch | 17 days 21 hours 6 minutes ago
Just how bad was October for retailers? Not even teens were spending.
Friday's biggest moving stocks - MarketWatch
MarketWatch | 17 days 7 hours 50 minutes ago
About two years ago, Starbucks ceased to be just a coffee shop. It suddenly found itself as an unwitting economic indicator.
Dollar General, rue21 to price IPOs this week - MarketWatch
MarketWatch | 15 days 2 hours 13 minutes ago
The deals, worth a combined $865.2 million if they sell at the middle of their anticipated ranges, will be a fresh test of investor appetite for shares in retail companies that focus on value.
Earnings season proves precarious for shorts - MarketWatch
MarketWatch | 38 days 14 hours 7 minutes ago
"We don't like the risk-reward of being short fundamentally weak companies going into the earnings season, because even if they miss earnings [estimates], investors may look past that and the stock goes up anyway," he said.
Pay czar: Pay cut rules aren't driving talent away - MarketWatch
MarketWatch | 11 days 6 hours 10 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."
Citi reportedly to face fine amid tax crackdown - MarketWatch
MarketWatch | 42 days 20 hours 57 minutes ago
The move comes after U.S. authorities hardened their stance on offshore tax operations in recent months, and could herald a wider crackdown on other banks using similar procedures, the FT reported.
Kraft reportedly lines up $9 billion loan for Cadbury bid - MarketWatch
MarketWatch | 19 days 15 hours 2 minutes ago
Kraft needs to show the U.K.'s Takeover Panel that it has committed financing in place before Nov. 9, when it has to bid for a second time or walk away for six months, after Cadbury rejected its initial cash and share bid in September, the report said.
LMP Corporate Loan Fund Inc. ( TLI ) Announces Distribution for the Month of November 2009 [Press Release]
Business Wire | 13 days 23 hours 43 minutes ago
LMP Corporate Loan Fund Inc., which is listed on the New York Stock Exchange under the symbol “TLI”, announced today a monthly distribution of $0.0400 per common share for November 2009. The distribution amount is unchanged from the prior month.
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 |