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Citigroup Inc.

News and overview for Citigroup Inc.

Citigroup CEO annual salary stays at $1 - MarketWatch
MarketWatch | 5 days 12 hours 20 minutes ago
Christina Romer, chair of the Council of Economic Advisers, addresses a question about perceptions of anti-business bias in the Obama administration and she explains why it shouldn't be a concern.


Phibro reaches out to hedge fund investors - MarketWatch
MarketWatch | 4 days 16 hours 50 minutes ago
Phibro began offering its commodities-trading fund to hedge fund investors this month through Park Hill Group, the people said on condition of anonymity. The fund is run by a team led by Hall, they added.


Goldman Sachs, Citigroup, Nokia in focus - MarketWatch
MarketWatch | 38 days 23 hours 48 minutes ago
European shares turned lower Thursday as earnings from the likes of mobile phone giant Nokia disappointed. Asian stock markets finished mostly higher, with indexes in Hong Kong and Australia closing at their highest levels in more than a year.


X5 Retail Group cut to hold at Citigroup - MarketWatch
MarketWatch | 42 days 4 hours 21 minutes ago
FRANKFURT (MarketWatch) -- X5 Retail Group N.V. , Russia's largest retailer in terms of revenue, was downgraded Monday to hold from buy at Citigroup. "X5 stock has rallied almost 20% over the last week," Citigroup analysts said in a note to clients. Moderate third-quarter operating results, "coupled with rich valuation, suggest the upside potential in the stock is largely exhausted," they said.


RusHydro raised to buy from sell at Citigroup - MarketWatch
MarketWatch | 42 days 4 hours 21 minutes ago
FRANKFURT (MarketWatch) -- RusHydro , Russia's largest power generation company, was upgraded Monday to buy from sell at Citigroup on valuation grounds. Since the August accident at its Sayano-Shushenskaya Hydroelectric Power Plant in Siberia, RusHydro has underperformed the Micex by 37%, Citigroup analysts wrote in a note to clients. "We do not expect much more downside from here and believe it is time to look at the underperformer," they said.


Paulson purchases help lift Citi, financials - MarketWatch
MarketWatch | 6 days 21 hours 52 minutes ago
Dollar decline continues after U.S. data


Citi redeems $250 million seed money from Claren - MarketWatch
MarketWatch | 5 days 15 hours 38 minutes ago
Citi /quotes/comstock/13*!c/quotes/nls/c (C 4.24, +0.06, +1.44%) redeemed all of its investment, roughly $250 million, the people said on condition of anonymity.


Wells Fargo to repay clients who held auction rate securities - MarketWatch
MarketWatch | 4 days 11 hours 44 minutes ago
NEW YORK (MarketWatch) -- The North American Securities Administrators Association Wednesday announced a settlement in principle between Wells Fargo Investments LLC and state securities regulators to return approximately $1.3 billion to the firm's clients whose funds have been frozen in the auction rate securities market.


Bain to announce Japan's Bellsystem24 buy: report - MarketWatch
MarketWatch | 8 days 14 hours 31 minutes ago
Earlier this month Boston-based Bain won exclusive negotiation rights to buy Bellsystem24, beating other private-equity firms, including Permira Advisors LLP, CVC Capital Partners Ltd. and Blackstone Group. The asset is being sold by Citigroup's Japan private-equity arm, previously known as Nikko Principal Investments, which is now called Citigroup Capital Partners Japan. Nikko Principal bought Bellsystem24 in 2004.


Stocks in focus for Monday - MarketWatch
MarketWatch | 7 days 17 hours ago
Retailers including Home Depot and Target will report results and key economic data will include retail sales and industrial output. Meanwhile, nine speakers from the Federal Reserve will offer their views on the economy. Stacey Delo reports. (Nov. 13)


GMAC Financial Services CEO resigns - MarketWatch
MarketWatch | 6 days 14 hours 27 minutes ago
"The board has tasked Carpenter with accelerating the strategic and operational changes necessary to focus GMAC on its core auto finance and related businesses," the company said in a statement.





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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