Citigroup Inc.
News and overview for Citigroup Inc.
Pay czar hopes banks will emulate his pay limits - MarketWatch
MarketWatch | 21 days 11 hours 10 minutes ago
"Will it have an impact beyond the seven companies, will there be some voluntary adoption of the structure by other Wall Street corporations?" asked Feinberg to an executive pay conference organized by the University of Maryland. "I don't know. I hope so...I think what we have done is worthy to be emulated by others in the private sector."
Financial stocks slip; insurers move broadly lower - MarketWatch
MarketWatch | 11 days 15 hours 22 minutes ago
Insurers led the drop, with the seven biggest decliners in the S&P financial sector all from that industry.
Stocks in focus for Thursday - MarketWatch
MarketWatch | 40 days 8 hours 43 minutes ago
The health of big business -- and the rebound in the stock market -- may be blinding us to just how weak the rest of the economy is.
Fitch Solutions: BofA, Citgroup CDS & Liquidity Signal Reversal of Fortune [Press Release]
Business Wire | 41 days 17 hours 52 minutes ago
In a heavy earnings week, the most notable development is the continued short-term renaissance for many financial companies, especially among some of the bigger market names, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week.
Financial sector down after Goldman, Citi results - MarketWatch
MarketWatch | 39 days 16 hours 51 minutes ago
Goldman posted quarterly profit of more than $3 billion. See full story.
PHOTO OP: Citibank Partners with MillionTreesNYC and New York Restoration Project to Turn Five Manhattan Schoolyards Green [Press Release]
Business Wire | 40 days 18 hours 32 minutes ago
Citigroup Inc. (NYSE:C):
Financial stocks drift higher in slow trade - MarketWatch
MarketWatch | 12 days 16 hours 42 minutes ago
ING banking, insurance arms return to profit
TC PipeLines, LP Prices Offering of Common Units [Press Release]
MarketWire | 10 days 11 hours 33 minutes ago
OMAHA, NEBRASKA -- (Marketwire) -- 11/13/09 -- TC PipeLines, LP (the Partnership) (NASDAQ: TCLP) today announced that it has priced the public offering of 5,000,000 common units at $38.00 per unit. The offering, announced on November 12, 2009 is expected to close on November 18, 2009. TC PipeLines, LP has granted a syndicate of underwriters led by Citigroup Global Markets Inc., BofA Merrill Lynch, Morgan Stanley and UBS Investment Bank, who will act as joint book-running managers of the off...
Critical Alerts For Citigroup, Mosaic, AK Steel, STEC, and Alliance Data Systems Released By Seven Summits Research [Press Release]
PRNewswire | 39 days 13 hours 1 minute ago
Critical Alerts For Citigroup, Mosaic, AK Steel, STEC, and Alliance Data...PriceWatch Alerts cover the following stocks: Citigroup, Inc. , Mosaic Co. , AK Steel Holding Corp. , STEC, Inc. , and Alliance Data Systems Corporation . ...
Bernanke to Wall Street: pay up to get paid MarketWatch First Take - MarketWatch
MarketWatch | 31 days 14 hours 14 minutes ago
The first is a verbal warning as made in a speech Friday to a conference sponsored by the Federal Reserve Bank of Boston.
FINRA Fines Citigroup $600,000 for Failing to Supervise Tax-Related Stock Transactions [Press Release]
Business Wire | 42 days 14 hours 55 minutes ago
The Financial Industry Regulatory Authority (FINRA) today announced that it has fined Citigroup Global Markets Inc. $600,000 and censured the firm for failing to supervise complex trading strategies designed in part to minimize potential tax liabilities. The firm also failed to report to an exchange trades executed under these strategies and to adequately monitor Bloomberg messages.
CNA Financial Prices $350 Million Offering of Senior Notes [Press Release]
Business Wire | 14 days 10 hours 26 minutes ago
CNA Financial Corporation (NYSE: CNA) today announced that it has priced $350 million aggregate principal amount of 7.35% ten-year senior notes in a public offering underwritten by Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC. The notes were offered at 99.887% of the principal amount with a yield to maturity of 7.366%. CNA expects the offering to close on November 13, 2009.
Goldman beefs up its M&A numbers - MarketWatch
MarketWatch | 20 days 12 hours 9 minutes ago
"Fees from these deals will not be recorded until closing, but they are expected to be substantial," according to Rochdale Securities' analyst Dick Bove.
Thursday's biggest gaining and declining stocks - MarketWatch
MarketWatch | 39 days 19 hours 38 minutes ago
The health of big business -- and the rebound in the stock market -- may be blinding us to just how weak the rest of the economy is.
U.S. stocks look to bottom lines to keep on top - MarketWatch
MarketWatch | 44 days 15 hours 48 minutes ago
"There's a pretty broad consensus that the economy will have a recovery. Now the issue is, how will that affect earnings?" said Milton Ezrati, market strategist at Lord Abbett.
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 |