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Citigroup Inc.

News and overview for Citigroup Inc.

Credit cards gouge consumers ahead of new law - MarketWatch
MarketWatch | 1 day 22 hours 27 minutes ago
In fact, some 400 credit cards from the nation's 12 largest bank issuers -- accounting for 90% of the $89.8 billion in outstanding consumer credit -- are still using most of the same tactics that the Federal Reserve has called "unfair or deceptive" and that will be outlawed in fewer than four months, according to a new report from the Pew Health Group's Safe Credit Cards Project.


Stocks in focus for Friday - MarketWatch
MarketWatch | 2 days 11 hours 15 minutes ago
Just how bad was October for retailers? Not even teens were spending.


Friday's biggest moving stocks - MarketWatch
MarketWatch | 1 day 21 hours 59 minutes ago
About two years ago, Starbucks ceased to be just a coffee shop. It suddenly found itself as an unwitting economic indicator.


Wall Street bankers shouldn't get H1N1 vaccine, group says - MarketWatch
MarketWatch | 2 days 10 hours 44 minutes ago
WASHINGTON (MarketWatch) -- A Washington, D.C., nonprofit group wants to know why Wall Street bankers are getting vaccines against the new H1N1 flu strain when many Americans are being told to wait.


Goldman Sachs, Citigroup, Nokia in focus - MarketWatch
MarketWatch | 23 days 22 hours 52 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.


Radical fixes for 'too big to fail' gain support - MarketWatch
MarketWatch | 1 day 9 hours 33 minutes ago
"What you will have is another public utility sector, with banks growing roughly 4% a year, funded by deposits," Richard Bove, a financial-services analyst at Rochdale Securities, said in an interview.


Fitch Rates Citigroup Trust II-R Series 1125 ROCs & ROLs [Press Release]
Business Wire | 2 days 18 hours 58 minutes ago
Fitch Ratings assigns a rating of 'AA/F1+' to the Citigroup Global Markets, Inc. Trust II-R series 1125 reset option certificates (ROCs) and a rating of 'AA' to the series 1125 reset option longs (ROLs). The long-term 'AA' rating is based on the rating that Fitch has assigned to the South Carolina Public Service Authority, revenue obligations, series 2009 tax-exempt series E, deposited into the trust. The short-term 'F1+' rating is based on the shortfall liquidity agreement guaranteed by Citi...


Oversight panel gives mixed reviews to guarantees - MarketWatch
MarketWatch | 2 days 6 hours 42 minutes ago
"The enormous scale of these guarantees played a significant role in calming the financial markets last year," wrote the Congressional Oversight Panel, which is charged with monitoring the Troubled Asset Relief Program, or TARP.


X5 Retail Group cut to hold at Citigroup - MarketWatch
MarketWatch | 27 days 3 hours 25 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 | 27 days 3 hours 25 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.


More Government Sachs? Don't buy it. David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 5 days 6 hours 45 minutes ago
We suspect they cheat -- that they're too cozy with the government. We worry they rig the system, manipulate our leaders, have too much influence. They seem to own the stock exchange through wheeling and dealing and Capitol Hill through connections and campaign contributions.





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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 326,900 (2008)
One-year % Growth in Number of Employees -15.5 (2008)
Fiscal Year-End December