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Citigroup Inc.

News and overview for Citigroup Inc.

David Weidner's Writing on the Wall: A tax on trading could save us money in the end - MarketWatch
MarketWatch | 41 days 12 hours 26 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.


Citigroup raises salaries of 2 top executives; CEO Pandit to continue to receive $1
Hartford Courant (Conn.), The | 5 days 3 hours 28 minutes ago
Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will continue to collect a salary of $1 per year.


Banks lead gainers after J.P. Morgan tops target - MarketWatch
MarketWatch | 40 days 2 hours 52 minutes ago
Citigroup is due to report its quarterly earnings results on Thursday, and Bank of America is on Friday's calendar.


Citigroup, Morgan Stanley in lawsuit over CDS agreement
NYSSA SmartBrief | 56 days 11 hours 31 minutes ago
Citigroup Inc. accused Morgan Stanley of breaching a credit-default swap agreement...lawsuit filed in the U.S. District Court of Manhattan. In the lawsuit, Citigroup claims Morgan Stanley owes it more than $245 million. "We believe this...


Bank of America loss saps sector - MarketWatch
MarketWatch | 38 days 2 hours 2 minutes ago
Bank of America said on Friday that it lost more than $2 billion in the third quarter as its provision for credit losses almost doubled, reflecting stressed consumers.


Entertainment Properties Trust Announces Proposed Offering of Common Shares [Press Release]
Business Wire | 13 days 19 hours 30 minutes ago
Entertainment Properties Trust (NYSE:EPR) today announced plans to file with the Securities and Exchange Commission a supplement to its shelf registration statement for the public offering of 4,500,000 of its common shares of beneficial interest. The Company also expects to grant the underwriters an over-allotment option to purchase an additional 675,000 common shares.


Critical Alerts for Citigroup, Nike, Whirlpool, IntercontinentalExchange, and Harman Released by Seven Summits Research [Press Release]
PRNewswire | 87 days 2 hours 59 minutes ago
Critical Alerts for Citigroup, Nike, Whirlpool, IntercontinentalExchange, and Harman... Today's PriceWatch Alerts cover the following stocks: Citigroup, Inc. , Nike Inc. , Whirlpool Corp. , IntercontinentalExchange, Inc. , and...


Entertainment Properties Trust Prices Offering of $173.25 Million of Common Shares [Press Release]
Business Wire | 13 days 1 hour 49 minutes ago
Entertainment Properties Trust (NYSE:EPR) today announced that it has priced a public offering of 5,500,000 newly issued common shares. The Company also granted the underwriters an over-allotment option to purchase an additional 825,000 common shares. The offering is expected to close on November 16, 2009, subject to the satisfaction or waiver of their respective customary closing conditions.


California's solar-power feed-in tariff becomes law - MarketWatch
MarketWatch | 42 days 11 hours 40 minutes ago
SAN FRANCISCO (MarketWatch) -- California Governor Arnold Schwarzenegger signed legislation Sunday that will create a European-style above-market tariff, called a feed-in tariff, for small solar-panel generators.


Starwood Announces Cash Tender Offer for Outstanding Notes [Press Release]
Business Wire | 17 days 23 hours 54 minutes ago
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase up to $300,000,000 aggregate principal amount (subject to increase by Starwood, the “Aggregate Maximum Tender Amount”) of its 7⅞% Senior Notes due 2012 (CUSIP No. 85590AAD6/85590AAC8) (the “2012 Notes”) and 6¼% Senior Notes due 2013 (CUSIP No. 85590AAK0) (the “2013 Notes” and, together with the 2012 Notes, the “Notes”) subject to the Maximum Tender ...


Perot Systems to acquire Chinese consulting group - MarketWatch
MarketWatch | 42 days 11 hours 24 minutes ago
No details as to the size of the deal, which will be subject to approval from U.S. bankruptcy court and the Chinese government, were provided.


Research and Markets: This Report Provides In-Depth Company Profiles for Banking & Finance Companies Ranked in the 2009 Fortune Global 500 List [Press Release]
Business Wire | 20 days 1 hour 41 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/f52d3e/banking_finance) has announced the addition of the "Banking & Finance 2009 Fortune Global 500 Databank - Company Profiles" company profile to their offering.





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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