Citigroup Inc.
News and overview for Citigroup Inc.
U.S. stocks look to bottom lines to keep on top - MarketWatch
MarketWatch | 44 days 10 hours 58 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.
CORRECTING and REPLACING NewAlliance Bancshares, Inc. Names Glenn I. MacInnes CFO [Press Release]
Business Wire | 40 days 6 hours 51 minutes ago
First graph, first sentence should read: NewAlliance Bancshares, Inc. (NYSE:NAL), the parent company of NewAlliance Bank, announced today the appointment of Glenn I. MacInnes as Executive Vice President and Chief Financial Officer (sted Glenn I. MacInnes as Executive Vice President, Chief Financial Officer and Treasurer).
Zacks Analyst Blog Highlights: Eli Lilly & Co., Wells Fargo, Bank of America Corporation, Citigroup, Inc. and JPMorgan Chase & Co. [Press Release]
Business Wire | 32 days 5 hours 42 minutes ago
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Eli Lilly & Co. (NYSE: LLY), Wells Fargo (NYSE: WFC), Bank of America Corporation (NYSE: BAC), Citigroup, Inc. (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM).
Starwood Prices $250 Million Debt Offering [Press Release]
Business Wire | 18 days 3 hours 5 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it has priced an underwritten public offering of $250 million of 7.150% Senior Notes due 2019. The notes were offered to the public at a price of 97.559% of principal amount.
Occidental buying Citi's Phibro for $250 million - MarketWatch
MarketWatch | 45 days 13 hours 12 minutes ago
Phibro is a trader in oil and gas, with assets consisting of marketable securities as well as commodity positions ready for sale.
Starwood to Offer Senior Notes Due 2019 [Press Release]
Business Wire | 18 days 10 hours 10 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), announced today that it intends to offer, subject to market and other conditions, 10-year senior notes through an underwritten public offering.
Obama speaks softly, carries big stick on exec pay David Callaway - MarketWatch
MarketWatch | 32 days 22 hours 41 minutes ago
After nine months of fumbling and frustration on issues from Afghanistan to the auto industry, Obama finally wielded Teddy Roosevelt's big stick on Wednesday and slammed it down on overpaid executives of the seven biggest companies bailed out by the U.S. taxpayer.
Occidental buys Citi firm Phibro for $250 million - MarketWatch
MarketWatch | 45 days 13 hours 29 minutes ago
Occidental buys Citi firm Phibro for $250 million
United Airlines Prices $810 Million Aircraft Financing [Press Release]
PRNewswire | 6 days 20 hours 26 minutes ago
... J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated...managers for the offering with Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. acting as a co-managers, for...
Glass-Steagall revisited -- and rightly rejected MarketWatch First Take - MarketWatch
MarketWatch | 33 days 13 hours 33 minutes ago
Volcker carries clout of course not just because he's a still-respected ex-Fed chief -- a certain other one that rhymes with Beanclan can't say that -- but because President Obama and his administration listen to him. See link to New York Times story.
Heineken cut to neutral from buy at UBS - MarketWatch
MarketWatch | 42 days 18 hours ago
NL:HEIO
LMP Corporate Loan Fund Inc. Announces Distribution for October 2009 [Press Release]
Business Wire | 41 days 5 hours 42 minutes ago
LMP Corporate Loan Fund Inc., listed on the New York Stock Exchange under the symbol “TLI”, announced today a distribution from income of $0.0400 per common share for the month of October 2009. This distribution is payable on October 30, 2009, to shareholders of record on October 23, 2009. The ex-dividend date is October 21, 2009.
U.S. banks may take billion-dollar hit from U.K. - MarketWatch
MarketWatch | 40 days 3 hours 30 minutes ago
Many countries are looking at tougher liquidity rules, but the U.K.'s decision to move before an international consensus has been reached, and to apply its rules widely, could cost U.S. and European firms "potentially billions of dollars," said Simon Morris, a partner at law firm CMS Cameron McKenna in London.
David Weidner's Writing on the Wall: A tax on trading could save us money - MarketWatch
MarketWatch | 41 days 11 hours 24 minutes ago
The problem with the plan, as spelled out by the left-leaning Economic Policy Institute last week, isn't the tax. It's where they want to spend the revenue. The EPI and some congressional Democrats backing the plan want a new tax on financial transactions to pay for any new health care programs. See full story.
Reeling stock investors confront Fed, jobs, autos - MarketWatch
MarketWatch | 23 days 22 hours 8 minutes ago
Any of those scheduled events, along with the inevitable surprises, could produce more of the rapid changes of appetite that produced heart-stopping moves in the past week.
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 |