Citigroup Inc.
News and overview for Citigroup Inc.
Citigroup sells Phibro unit after pay czar warns on bonus
NYSSA SmartBrief | 42 days 13 hours 50 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.
Citigroup, Morgan Stanley in lawsuit over CDS agreement
NYSSA SmartBrief | 56 days 13 hours 50 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...
US Airways to sell 26.3M shares, raise possible $130M
ATA SmartBrief | 61 days 13 hours 50 minutes ago
US Airways Group Inc. said it will fly the same course recently set by other U.S. airlines...shares of stock. The public offering, which will be underwritten by Citigroup Inc., is planned for next week and is expected to raise up to $130 million...
Citi, 6 other firms face pay-plan deadline
PLI SmartBrief | 118 days 13 hours 50 minutes ago
Citigroup Inc., American International Group Inc., Bank of America Corp., Chrysler Financial, Chrysler LLC, General Motors Co. and GMAC Inc. have until Aug. 13 to submit compensation plans to the U...
4 Results
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 |