Citigroup Inc.
News and overview for Citigroup Inc.
U.S. stock market looks to financials for results - MarketWatch
MarketWatch | 34 days 19 hours 39 minutes ago
And, "some of the regional banks reporting third-quarter results appear to have come in with negative earnings surprises as they continue to ramp up credit losses and increase loan-loss reserves," said Fred Dickson, chief market strategist, Davidson Cos.
Wall Street bankers shouldn't get H1N1 vaccine, group says - MarketWatch
MarketWatch | 17 days 10 hours 4 minutes ago
WASHINGTON (MarketWatch) -- A Washington, D.C., nonprofit group wants to know why Wall Street bankers are getting vaccines against the new H1N1 flu strain when many Americans are being told to wait.
Citi analyst says buy Bank of America shares - MarketWatch
MarketWatch | 26 days 20 hours 34 minutes ago
SEC to heighten scrutiny of trading systems
Sector drifts higher, exec comments lend support - MarketWatch
MarketWatch | 11 days 19 hours 18 minutes ago
Trading was light, as the Veteran's Day holiday had the bond market and government office closed. The sector continued to draw optimistic sentiment from comments from several executives at the Bank of America Merrill Lynch Financial Services Conference in New York.
CIT files for bankruptcy protection - MarketWatch
MarketWatch | 20 days 22 hours ago
"The decision to proceed with our plan of reorganization will allow CIT to continue to provide funding to our small business and middle market customers, two sectors that remain vitally important to the U.S. economy," Chairman and CEO Jeffrey M. Peek said in a statement.
J.P. Morgan Chase's Dimon: US needs strong dollar - MarketWatch
MarketWatch | 26 days 16 hours 45 minutes ago
A strong currency is necessary for a strong economy, Dimon said during the luncheon at the annual meeting of the Securities Industry and Financial Markets Association, or Sifma.
Goldman gets downgraded ahead of report - MarketWatch
MarketWatch | 40 days 19 hours 17 minutes ago
The Goldman downgrade comes just before the bank reports earnings this Thursday.
CITto file for bankruptcy after rescues fail - MarketWatch
MarketWatch | 21 days 14 hours 22 minutes ago
The formal filing in U.S. Bankruptcy Court was expected to follow within hours,.
Half of regional banks lag third-quarter forecasts - MarketWatch
MarketWatch | 13 days 19 hours 41 minutes ago
"A challenging operating environment continued to plague banks in the third quarter, as earnings results for the quarter unveiled great disparity," said Keefe Bruyette & Woods analyst Melissa Roberts in a research note. "Credit also remains in focus as headwinds persist."
Goldman gets vaccine, public is sick over it MarketWatch First Take - MarketWatch
MarketWatch | 16 days 14 hours 20 minutes ago
Reuters
Czar wants $198 million cut from AIG pay: source - MarketWatch
MarketWatch | 40 days 15 hours 20 minutes ago
On Sept. 1, Kenneth Feinberg started a 60-day clock to review the pay packages for top executives and employees at seven large financial institutions, including AIG, which have received $200 billion in taxpayer funds. He is expected to seek to crackdown on some perks and pricey packages.
Citigroup sells Phibro unit after pay czar warns on bonus
NYSSA SmartBrief | 42 days 6 hours 12 minutes ago
Citigroup Inc. sold its Phibro LLC energy-trading unit to Occidental Petroleum Corp. out of concern that a $100...for compensation, said it was likely to issue an advisory opinion that would have reflected poorly on Citigroup.
NorthStar Realty Finance Announces Third Quarter 2009 Results [Press Release]
PRNewswire | 17 days 16 hours 42 minutes ago
NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- NorthStar Realty Finance Corp.
U.S. stocks brace for more earnings - MarketWatch
MarketWatch | 36 days 17 hours 51 minutes ago
With just 61 S&P 500 companies having reported earnings so far, 79% have topped analysts' expectations, 11% have matched, and 10% have come in below expectations, according to Thomson Reuters.
Financial stocks pull back, Schwab, Citi weigh - MarketWatch
MarketWatch | 38 days 21 hours 22 minutes ago
Xstrata drops plans for Anglo American merger
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 |