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Citi posts $7.6 bn loss in Q4 `09; sees `enormous` progress

Citi posts $7.6 bn loss in Q4 `09; sees `enormous` progress


Banking behemoth Citigroup has reported a loss of USD 7.6 billion for the three months ended Decem...
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Saudi prince to Pandit: Restore Citi`s stature

Saudi prince to Pandit: Restore Citi`s stature


Saudi Prince Al-Waleed Bin Talal, who is a major investor in Citigroup, says he has told the banking...
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Saudi billionaire eyes new links with News Corp

Saudi billionaire eyes new links with News Corp


The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch`s N...
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Citi sells shares worth Rs 971 cr in Indian cos in 2 days

Citi sells shares worth Rs 971 cr in Indian cos in 2 days


Continuing its selling spree for the second day on Thursday, foreign fund house Citigroup Global sol...
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Citigroup sells shares worth Rs.480 cr of 35 Indian firms

Citigroup sells shares worth Rs.480 cr of 35 Indian firms


Foreign fund house Citigroup Global has sold shares valued over Rs 480 crore of 35 Indian companies,...
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Citigroup raises India GDP estimates

Citigroup raises India GDP estimates


The Indian economy may grow at 7 percent in the current financial year backed by buoyant industry gr...
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Citigroup repays $20 billion to US

Citigroup repays $20 billion to US


Citigroup Inc repaid USD 20 bn to the US, as the bank works to reduce govt involvement in its compen...
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FBI probes computer security breach targeting Citigroup

FBI probes computer security breach targeting Citigroup


FBI is probing a computer- security breach targeting Citibank that resulted in a theft of tens of ...
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Citi to raise $20 bn to pay back US government

Citi to raise $20 bn to pay back US government


Citigroup intends to raise $20.5 billion in the stock market as part of its plan to repay bailout mo...
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Citigroup, Wells Fargo repay govt bailout funds

Citigroup, Wells Fargo repay govt bailout funds


The last two major national banks are returning USD 45 billion in aid to taxpayers, marking the late...
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Kuwait Finance Minister says no dispute with Citi: Report

Kuwait Finance Minister says no dispute with Citi: Report


Kuwait`s sale of its stake in Citigroup earlier this month was not due to a dispute with the US bank...
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Citigroup in talks for USD 15 bn equity offering: Report

Citigroup in talks for USD 15 bn equity offering: Report


Global financial services firm Citigroup is in advanced talks with regulators over its plans to ra...
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Kuwait sells Citigroup stake for $4.1 billion

Kuwait sells Citigroup stake for $4.1 billion


Kuwait`s sovereign wealth fund said Sunday it booked a profit of USD 1.1 billion by selling the stak...
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Citigroup sells Diners Club North America cards biz

Citigroup sells Diners Club North America cards biz


Citigroup on Tuesday said it is selling its Diners Club North America card business to BMO Financia...
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Citi to sell Bellsystem stake to Bain

Citi to sell Bellsystem stake to Bain


Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 t...
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Citigroup to relaunch its hedge fund ops: Report

Citigroup to relaunch its hedge fund ops: Report


Financial service major Citigroup is planning to relaunch Citi Alternative Investments, a unit that ...
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Citigroup drops USD 4.5mn renovation plan: Report

Citigroup drops USD 4.5mn renovation plan: Report


Financial services major Citigroup has abandoned planned USD 4.5 million renovation of its headquart...
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Citi records $101 mn profit on recovery road

Citi records $101 mn profit on recovery road


The Citigroup reported a slim profit of just USD 101 million in the third quarter.
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Citigroup posts $101 mn Q3 profits; credit loss at $8 bn

Citigroup posts $101 mn Q3 profits; credit loss at $8 bn


Banking behemoth Citigroup has posted profits of USD 101 million for the third quarter, even as th...
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Citigroup set to pay $6,00,000 in fine to FINRA: Report

Citigroup set to pay $6,00,000 in fine to FINRA: Report


Citigroup will have to pay USD 6,00,000 in fine to an US regulator for providing derivative transa...
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Citigroup hires Washington `insider` Richard F Hohlt: Report

Citigroup hires Washington `insider` Richard F Hohlt: Report


Citigroup has hired the services of Richard F Hohlt, a long time Washington "insider" with a histo...
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Citigroup hires Washington `insider` Richard F Hohlt: Report

Citigroup hires Washington `insider` Richard F Hohlt: Report


Citigroup has hired the services of Richard F Hohlt, a long time Washington "insider" with a histo...
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Citi to sell oil trading unit to Occidental Petroleum

Citi to sell oil trading unit to Occidental Petroleum


US banking giant Citigroup has agreed to sell its oil trading unit Phibro LLC to Occidental Petroleu...
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FDIC questions positive review of Citi management: Report

FDIC questions positive review of Citi management: Report


The US regulator Federal Deposit Insurance Corporation has questioned the generally positive conclus...
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Citigroup review: US govt gives clean chit to Pandit

Citigroup review: US govt gives clean chit to Pandit


A management review, as requested by federal regulators, has questioned some of its top deputies, a ...
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Citigroup plans to sell energy-trading unit Phibro: Report

Citigroup plans to sell energy-trading unit Phibro: Report


Financial major Citigroup is planning to sell its energy-trading unit Phibro, which came under flak...
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Chinese regulator for Citigroup`s expansion in China: Report

Chinese regulator for Citigroup`s expansion in China: Report


A top Chinese regulator for foreign banks has said Citigroup should expand its local operations in...
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RBI likely to start hiking rates by April 2010: Citi

RBI likely to start hiking rates by April 2010: Citi


The RBI is likely to reverse its soft rate regime by as early as April next year and increase its k...
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Citi sues Morgan Stanley over CDS, claims $245 mn

Citi sues Morgan Stanley over CDS, claims $245 mn


Citigroup Inc sued Morgan Stanley on Friday for breach of contract, saying the Wall Street firm owed...
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Citigroup plans to scale back US operations: Report

Citigroup plans to scale back US operations: Report


Citigroup is planning to scale back its US branch network to six major metropolitan cities, includin...
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Singapore`s GIC slashes stake in Citigroup to below 5%

Singapore`s GIC slashes stake in Citigroup to below 5%


Government of Singapore Investment Corp today said it has reduced its stake in global financial ser...
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Annual salary of $100 mn is too much for a banker: Pandit

Annual salary of $100 mn is too much for a banker: Pandit


Financial services provider Citigroup chief executive Vikram Pandit has said an annual compensation ...
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Citigroup hires Bank of America Merrill Lynch`s Tsang

Citigroup hires Bank of America Merrill Lynch`s Tsang


Financial services firm Citigroup has hired Rodney Tsang, one of the Bank of America Merrill Lynch...
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3 Indian origin men among 25 highest paid globally: Fortune

3 Indian origin men among 25 highest paid globally: Fortune


Sanjay Jha of Motorola and Vikram Pandit of Citigroup are among the three who have made it to the ...
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US looking at selling Citi shares: Report

US looking at selling Citi shares: Report


The US Treasury Department is talking to Citigroup Inc about how to sell the roughly one-third stake...
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Singapore`s DBS Group appoints Citi`s Piyush Gupta as CEO

Singapore`s DBS Group appoints Citi`s Piyush Gupta as CEO


Singapore`s DBS Group Holdings Ltd, the biggest bank in South-East Asia, said Tuesday that it has ap...
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Citi cuts India`s growth outlook to 5.8% for FY ‘10

Citi cuts India`s growth outlook to 5.8% for FY ‘10


Financial major Citigroup on Tuesday slashed its outlook for India`s gross domestic product to 5.8 p...
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Citigroup plans to sell 20 businesses: Report

Citigroup plans to sell 20 businesses: Report


Troubled financial services entity Citigroup plans to sell about 20 businesses mainly in the consu...
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Sumitomo Trust to buy Citi`s Japanese asset mgmt arm

Sumitomo Trust to buy Citi`s Japanese asset mgmt arm


Sumitomo Trust and Banking Co will acquire Nikko Asset Management, the Japanese asset management arm...
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Citi to keep expanding in India, China

Citi to keep expanding in India, China


Citigroup Inc`s Indian American chief executive Vikram Pandit says he hopes to continue expanding th...
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Citi nears completion of public exchange offer

Citi nears completion of public exchange offer


Banking behemoth Citigroup has completed the public exchange of about USD 20.3 billion-worth publi...
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Citigroup cuts nearly 30,000 jobs in second quarter

Citigroup cuts nearly 30,000 jobs in second quarter


Citigroup has slashed nearly 30,000 jobs in the second quarter of this year as the banking major res...
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