International Business News - Citigroup http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Citigroup Inc. suggested Friday that it is considering a sale of its German retail bank. As part of CEO Vikram Pandit's review of Citi's various businesses around the world, the company is "exploring a variety of options for our retail banking business in Germany, the most profitable in terms of return on equity over the last ten years in this market," the bank said in a statement. "No decisions have been made at this time." http://www.ibtimes.com/articles/20080516/citigroup-mulls-sale-of-german-retail-bank.htm Fri, 16 May 2008 16:02:54 EDT Global bank Citigroup Inc. on Wednesday gave Deborah Hopkins the additional title of chief innovation officer, a new position, effective immediately. Hopkins, 53, retains her current titles managing director and senior adviser, Citi's institutional clients group. http://www.ibtimes.com/articles/20080514/citigroups-deborah-hopkins-adds-innovation-title.htm Wed, 14 May 2008 17:19:57 EDT Shares of Clear Channel Communications Inc. surged as much as 18 percent on media reports of settlement talks with six banks on a proposal to finance the radio and media company's buyout by Thomas H. Lee Partners and Bain Capital. http://www.ibtimes.com/articles/20080512/clear-channel-citigroup-media-lawsuit.htm Mon, 12 May 2008 14:25:41 EDT Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review _ but only after shrinking the company by about one-fifth first. http://www.ibtimes.com/data/articleimgs/45216-citigroup-outlook.jpg http://www.ibtimes.com/articles/20080510/citigroup-to-shed-nearly-500-billion-in-assets.htm http://www.ibtimes.com/articles/20080510/citigroup-to-shed-nearly-500-billion-in-assets.htm Sat, 10 May 2008 07:06:44 EDT Citigroup expects to reduce about $400 billion in non-core assets over the next three years, as the largest U.S. bank seeks to boost efficiency and regain profitability. http://www.ibtimes.com/articles/20080509/citigroup-pandit-outlook.htm Fri, 09 May 2008 11:37:22 EDT Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. http://www.ibtimes.com/data/articleimgs/45035-citigroup-outlook.jpg http://www.ibtimes.com/articles/20080509/citigroup-to-shed-nearly-500b-in-assets.htm http://www.ibtimes.com/articles/20080509/citigroup-to-shed-nearly-500b-in-assets.htm Fri, 09 May 2008 11:21:16 EDT Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. http://www.ibtimes.com/articles/20080509/citigroup-shed-500b-assets.htm Fri, 09 May 2008 09:53:38 EDT Citigroup says its is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets. http://www.ibtimes.com/articles/20080509/citigroup-targeting-9-percent-revenue-growth.htm Fri, 09 May 2008 08:33:30 EDT Citigroup chief executive Vikram Pandit is set to present his plans and outlook for the largest U.S. bank, when it holds its annual Investor Day meeting on Friday. http://www.ibtimes.com/articles/20080509/citigroup-pandit-investor-day.htm Fri, 09 May 2008 01:12:54 EDT Citigroup Inc.'s new management will face challenges as it navigates out of the credit crisis, an analyst said Thursday while encouraging investors to sell shares ahead of a company conference. http://www.ibtimes.com/articles/20080508/ahead-of-the-bell-analyst-keeps-sell-rating-on-citigroup.htm Thu, 08 May 2008 07:52:49 EDT Citigroup Inc. and State Street Corp. said Friday they will sell benefit services company CitiStreet LLC to ING Group in a deal worth $900 million. Insurer ING said it will fund the acquisition from existing internal resources. http://www.ibtimes.com/articles/20080502/citigroup-state-street-to-sell-citistreet-for-900-million.htm Fri, 02 May 2008 07:02:27 EDT The Kuwait Investment Authority may boost its investments in Citigroup Inc and Merrill Lynch & Co, according to comments by the group's managing director. http://www.ibtimes.com/articles/20080501/citigroup-kuwait-sovereign-wealth-fund.htm Thu, 01 May 2008 14:28:06 EDT A federal court on Wednesday granted preliminary approval of a $33 million settlement involving a gender class action suit against Citigroup Inc.'s Smith Barney division, according to the plaintiffs lawyers. http://www.ibtimes.com/articles/20080501/citigroup-settles-gender-class-action-suit-for-33-million.htm Thu, 01 May 2008 08:20:00 EDT U.S. stocks rose on Wednesday as investors awaited the Federal Reserve's decision on interest rates and its assessment of the state of the economy, while consumer-products giant Proctor & Gamble Co. and automaker General Motors Corp. reported better-than-anticipated results. http://www.ibtimes.com/articles/20080430/stocks-fed-citigroup-general-motor.htm Wed, 30 Apr 2008 12:47:27 EDT Citigroup said it sold $4.5 billion of common stock on Wednesday, more than it expected to sell, citing strong investor demand as it seeks to stabilize its finances. http://www.ibtimes.com/articles/20080430/citigroup-capital-raising.htm Wed, 30 Apr 2008 11:24:19 EDT Citigroup Inc. said Wednesday it priced an offering of $4.5 billion in common stock at $25.27 per share. The capital is 50 percent more than it initially said it would raise just a day ago. The transaction value includes an overallotment option for an additional 17.8 million shares of common stock. http://www.ibtimes.com/articles/20080430/citigroup-raising-4-5-billion-through-common-stock-offering.htm Wed, 30 Apr 2008 09:20:29 EDT Shares of Citigroup Inc. fell in premarket trading Wednesday, the morning after the bank said it would raise an additional $3 billion in cash to help shore up its capital position. http://www.ibtimes.com/articles/20080430/ahead-of-the-bell-citigroup-falls-on-new-capital-raise.htm Wed, 30 Apr 2008 08:23:32 EDT Citigroup Inc., trying to raise more money to offset two straight quarters of losses, said Tuesday it is selling about $3 billion of its common stock in a public offering. http://www.ibtimes.com/articles/20080429/citigroup-offers-3-billion-in-common-stock-to-offset-losses.htm Tue, 29 Apr 2008 17:49:57 EDT Citigroup says it will sell about $3 billion of its common stock in a public offering. The New York-based bank says the offering will include an over-allotment option to buy more shares. http://www.ibtimes.com/articles/20080429/citigroup-offers-3-billion-in-common-stock.htm Tue, 29 Apr 2008 16:40:51 EDT Citigroup may need to suspend or cut its dividend to shareholders as the company makes moves to regain profitability in the wake of heavy losses linked to the mortgage and credit markets, according to an analyst. http://www.ibtimes.com/articles/20080421/citigroup-may-suspend-dividend-wake-woes-analyst.htm Mon, 21 Apr 2008 23:03:50 EDT