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 on Tuesday set price guidance on its fixed-rate and floating-rate notes backed by the Federal Deposit Insurance Corp, said IFR, a Thomson Reuters service. http://www.ibtimes.com/data/articleimgs/220471-.jpg http://www.ibtimes.com/articles/20090915/citigroup-sets-price-guidance-onpart-note-sale.htm http://www.ibtimes.com/articles/20090915/citigroup-sets-price-guidance-onpart-note-sale.htm Tue, 15 Sep 2009 13:06:45 EDT A U.S. judge on Friday dismissed a lawsuit against Citigroup Inc brought by buyers of auction rate securities, a $330 billion market that collapsed in early 2008. http://www.ibtimes.com/articles/20090911/us-judge-dismisses-ars-lawsuit-against-citigroup.htm Fri, 11 Sep 2009 17:55:51 EDT Citigroup Inc said on Monday it sold three credit card portfolios representing $1.3 billion in managed assets, as part of a plan to unload weak businesses and troubled assets that caused huge losses. http://www.ibtimes.com/articles/20090831/citigroup-sells-three-credit-card-portfolios.htm Mon, 31 Aug 2009 14:57:16 EDT Citigroup Inc intends to raise employees' base salaries by as much as 50 percent this year to offset smaller annual bonuses, the New York Times said, citing people with direct knowledge of the plan. http://www.ibtimes.com/articles/20090624/citi-intends-raise-employees-039-base-pay-report.htm Wed, 24 Jun 2009 05:53:49 EDT Citigroup Corp. announced a finalized deal with the U.S. government on Wednesday that could add up to $58 billion in common equity to the company, with chief executive Vikram Pandit saying the move would make the bank among the best capitalized in the world. http://www.ibtimes.com/articles/20090610/citi-launches-58-billion-exchange-offer-finalizes-deal-withs.htm Wed, 10 Jun 2009 09:31:22 EDT The Federal Deposit Insurance Fund Corp. is looking to shake up Citigroup's top management, the <i>Wall Street Journal </i> reported today. http://www.ibtimes.com/data/articleimgs/214771-.jpg http://www.ibtimes.com/articles/20090605/citigroup-rsquopandit-could-be-replaced-reports.htm http://www.ibtimes.com/articles/20090605/citigroup-rsquopandit-could-be-replaced-reports.htm Fri, 05 Jun 2009 16:26:24 EDT Citi Private Bank announced Thursday the appointed of Peter Charrington as the Chief Executive Officer of its North American business. http://www.ibtimes.com/data/articleimgs/214717-.jpg http://www.ibtimes.com/articles/20090604/citi-appoints-peter-charrington-as-north-america-private-banking-head.htm http://www.ibtimes.com/articles/20090604/citi-appoints-peter-charrington-as-north-america-private-banking-head.htm Thu, 04 Jun 2009 16:45:37 EDT Some of the U.S. banking giants have been ordered to find additional capital by regulators to protect themselves in the event of a severe economic downturn. http://www.ibtimes.com/data/articleimgs/213215-.jpg http://www.ibtimes.com/articles/20090506/bofa-wells-fargo-citi-capital.htm http://www.ibtimes.com/articles/20090506/bofa-wells-fargo-citi-capital.htm Wed, 06 May 2009 23:24:27 EDT After nearly two years in the financial wilderness, what was once America's largest bank is making a profit again, reporting its “best overall quarter” since the financial crisis began, with a net income of $1.6 billion for the first three months of 2009, Chief executive Vikram Pandit said in a company report released Friday. http://www.ibtimes.com/articles/20090417/after-financial-wilderness-citi-rsquocrisis-eases.htm Fri, 17 Apr 2009 11:53:35 EDT On Monday Citigroup Inc's and Bank of America Corp's shares saw a very positive rise and both banks expect to report first quarter profits in the same line as what was forecast last week by Wells Fargo & Co. http://www.ibtimes.com/articles/20090413/citi-bank-america-shares-rise-wells-fargo.htm Mon, 13 Apr 2009 20:26:37 EDT Citigroup is pressing on with its corporate revamp to make the most of its "non-core" non-bank businesses, announcing that the interim leader for its Citi Holdings unit will stay on. http://www.ibtimes.com/articles/20090406/citi-revamp-moves-forward-ceo-named-ldquo-non-core-rdquo-unit.htm Mon, 06 Apr 2009 19:21:44 EDT Citigroup CEO Vikram Pandit said on Friday that the firm planned "to look at everything" in regards to government rescue efforts, including the plan to buy up the banks' distressed assets. http://www.ibtimes.com/articles/20090327/citigroup-ceo-says-plans-quot-look-everything-quot.htm Fri, 27 Mar 2009 22:27:33 EDT Citigroup's chief executive tried to reassure employees about compensation a day after House legislators passed a bill to claw back bonuses for employees earning more than $250,000 at companies which received more than $5 billion in bailout funds. http://www.ibtimes.com/articles/20090320/citi-rsquopandit-warns-039-setback-039-if-bonus-tax-passes.htm Fri, 20 Mar 2009 18:21:01 EDT Citigroup, in remaking its Board of Directors amid an unprecedented financial crisis has nominated four new candidates which include a pair of veterans from the banking industry, a former Fed president and risk management professor, and a leader in a top investment firm. http://www.ibtimes.com/data/articleimgs/210806-citigroup.jpg http://www.ibtimes.com/articles/20090316/citi-calls-on-ex-finance-chiefs-former-fed-official-board.htm http://www.ibtimes.com/articles/20090316/citi-calls-on-ex-finance-chiefs-former-fed-official-board.htm Mon, 16 Mar 2009 11:19:18 EDT Citigroup Inc may benefit from a push to install more directors with financial industry experience after a board heavy with Fortune 500 chief executives oversaw a disastrous push into risky debt. http://www.ibtimes.com/data/articleimgs/210741-citibank.jpg http://www.ibtimes.com/articles/20090313/finance-help-wanted-citigroup-board.htm http://www.ibtimes.com/articles/20090313/finance-help-wanted-citigroup-board.htm Fri, 13 Mar 2009 22:42:48 EDT On Thursday Citigroup Inc Chairman Richard Parsons said the bank does not need any further capital injections from the government and expressed confidence that Citi would remain privately owned. http://www.ibtimes.com/data/articleimgs/210674-.jpg http://www.ibtimes.com/articles/20090312/citibank-citigroup-richard-parsons-capital-injections.htm http://www.ibtimes.com/articles/20090312/citibank-citigroup-richard-parsons-capital-injections.htm Thu, 12 Mar 2009 19:41:27 EDT Abu Dhabi is assessing its $7.5 billion investment in Citigroup as the bank's problems deepen and consequences of a possible nationalization become clearer, according to sources close to the Abu Dhabi Investment Authority. http://www.ibtimes.com/articles/20090301/abu-dhabi-reviewing-citigroup-investment-sources.htm Sun, 01 Mar 2009 08:56:01 EST Mortgages and real estate assets make up more than two-thirds of the $300.8 billion Citigroup Inc portfolio in which the government has agreed to share in losses. http://www.ibtimes.com/articles/20090227/citi-039govcovered-assets-are-mostly-real-estate-related.htm Fri, 27 Feb 2009 23:25:19 EST Citigroup will soon announce replacements on its board of directors as the struggling banking giant's shares continue to sink. The New York-based firm must now also deal with its new largest shareholder, the U.S. government. http://www.ibtimes.com/data/articleimgs/210049-citigroup.jpg http://www.ibtimes.com/articles/20090227/citishakeup-underway-ass-tightens-grip.htm http://www.ibtimes.com/articles/20090227/citishakeup-underway-ass-tightens-grip.htm Fri, 27 Feb 2009 15:17:54 EST Citigroup may sell both its Japanese investment bank and brokerage, according to media reports, as the faltering U.S. lender looks to raise more cash from a sale of global assets. http://www.ibtimes.com/articles/20090225/citi-may-japan-investment-bank-sale-reports.htm Wed, 25 Feb 2009 06:33:53 EST