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Citigroup Inc.

News and overview for Citigroup Inc.

Citigroup CEO annual salary stays at $1 - MarketWatch
MarketWatch | 6 days 22 hours 37 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.


Big Shakeup Among Ranks of Top-10 Lenders [Press Release]
PRNewswire | 1 day 5 hours 5 minutes ago
...Production Ranking, while Citigroup Inc. fell two spots. Aggregate...lender in the third quarter. Citigroup's business was down more...GMAC 5. U.S. Bancorp 6. Citigroup 7. SunTrust Banks Inc. 8. PHH Mortgage 9. MetLife...


Fitch Upgrades Citigroup's Individual Rating to 'D/E'; Rating Watch to Positive [Press Release]
Business Wire | 5 days 9 hours 12 minutes ago
Fitch Ratings has upgraded Citigroup Inc.'s (Citi) Individual Rating to 'D/E' from 'E' and placed this rating on Rating Watch Positive. Fitch has also revised the Rating Watch on Citi's 'B' trust preferred rating to Positive from Negative. A full list of ratings follows this release.


JohnsonDiversey and Clayton, Dubilier & Rice Announce Closing of Equity Investment and Company Recapitalization [Press Release]
Business Wire | 6 hours 44 minutes ago
JohnsonDiversey, Inc. and Clayton Dubilier & Rice, LLC (“CD&R”) today announced the completion of a previously announced agreement under which CD&R-managed funds are investing $477 million for an approximate 46 percent equity interest in the company as part of a broader recapitalization transaction valued at $2.6 billion.


Western Asset Global Corporate Defined Opportunity Fund Inc. Raises $315.8 Million, Starts Trading on the NYSE [Press Release]
Business Wire | 8 hours 20 minutes ago
Western Asset Global Corporate Defined Opportunity Fund Inc. (the “Fund”) announced today that pricing has been completed for its initial public offering. The Fund raised approximately $315.8 million in its common stock offering, assuming full exercise of the underwriters’ overallotment option, which may or may not occur. Its shares began trading today on the New York Stock Exchange under the symbol “GDO.”


Goldman Sachs, Citigroup, Nokia in focus - MarketWatch
MarketWatch | 40 days 10 hours 5 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 | 43 days 14 hours 38 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 | 43 days 14 hours 38 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.


Bain Capital Agrees to Purchase BELLSYSYTEM24 from Citi [Press Release]
PRNewswire | 9 days 6 hours 44 minutes ago
...definitive agreement to acquire Citigroup Inc.'s controlling stake...Securities, and Morgan Stanley. Citigroup Capital Partners Japan was advised by Citigroup Global Markets Japan and...Japan. BELLSYSYTEM24, Inc. (www.bell24.co...


Phibro reaches out to hedge fund investors - MarketWatch
MarketWatch | 6 days 3 hours 7 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.


Zacks Analyst Blog Highlights: Citigroup Inc., Liberty Global Inc., Comcast Corp., Deutsche Telekom AG and Vodafone Plc [Press Release]
Business Wire | 7 days 1 hour 5 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: Citigroup Inc. (NYSE: C), Liberty Global Inc. (Nasdaq: LBTYA), Comcast Corp. (Nasdaq: CMCSA), Deutsche Telekom AG (NYSE: DT) and Vodafone Plc (NYSE: VOD).


Citigroup sells Diners Club operations
Chicago Tribune | 9 hours 37 minutes ago
NEW YORK Citigroup Inc. said Tuesday it is selling its Diners Club North American franchise to BMO Financial Group as it continues to shed noncore assets and streamline operations.





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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