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. said Monday it has filed a complaint in New York Supreme Court against Wachovia, Wells Fargo and the directors of both companies seeking more than $60 billion in damages for interfering with the bank's planned takeover of Wachovia's banking operations. http://www.ibtimes.com/articles/20081006/citigroup-sues-wachovia-wells-fargo-for-60b.htm Mon, 06 Oct 2008 15:39:20 EDT Wachovia, Citigroup and Wells Fargo on Monday agreed to a standstill of all formal litigation activity--a sign that the banks and the Federal Reserve are working feverishly to reach an agreement over the fate of Wachovia. http://www.ibtimes.com/articles/20081006/citigroup-sues-wachovia-wells-fargo-for-60b.htm Mon, 06 Oct 2008 17:41:06 EDT Citigroup Inc. insisted Tuesday that it remains committed to its acquisition of Wachovia Corp., as the failure of the government's financial rescue plan cast doubt on the bank's willingness to close the deal. http://www.ibtimes.com/articles/20080930/citigroup-expresses-commitment-to-wachovia-deal.htm Tue, 30 Sep 2008 17:46:01 EDT Shares of Citigroup Inc. jumped Tuesday, in line with the broader market, one day after the bank announced plans to acquire Wachovia Corp.'s retail franchise and other operations for $2.16 billion. http://www.ibtimes.com/articles/20080930/citigroup-shares-jump-along-with-broader-market.htm Tue, 30 Sep 2008 12:08:47 EDT Fitch Ratings late Monday placed the investment-grade ratings on Citigroup Inc. on watch for possible downgrade following its acquisition of Wachovia Corp.'s banking operations for $2.16 billion. http://www.ibtimes.com/articles/20080930/fitch-may-downgrade-citigroup-cuts-wachovia.htm Tue, 30 Sep 2008 10:03:16 EDT Citigroup Inc said on Monday it would buy the banking operations of Wachovia Corp in U.S.-brokered deal that U.S. Federal Reserve Chairman Ben Bernanke said would help bring financial stability. But what will it do for Wachovia customers and shareholders? http://www.ibtimes.com/articles/20080929/wachovia-buyout-how-customers-and-investors-will-affected.htm Mon, 29 Sep 2008 14:50:04 EDT Citigroup says the transaction to buy Wachovia will give it more than $600 billion in deposits in the U.S. and a total of $1.3 trillion deposits globally, Citigroup's Vikram Pandit, Chief Executive Officer said in a statement. http://www.ibtimes.com/data/articleimgs/141984-wachovia.jpg http://www.ibtimes.com/articles/20080929/wachovia-merger-citigroup-wachovia-citigroup-wachovia-news-wachovia-bank-wachovia-stock-prices-wacho.htm http://www.ibtimes.com/articles/20080929/wachovia-merger-citigroup-wachovia-citigroup-wachovia-news-wachovia-bank-wachovia-stock-prices-wacho.htm Mon, 29 Sep 2008 13:12:39 EDT Citigroup is expecting to raise $10 billion in common equity in a move linked to its decision to purchase Wachovia Corp.'s banking operations for $2.16 billion in stock. http://www.ibtimes.com/data/articleimgs/141980-.jpg http://www.ibtimes.com/articles/20080929/citigroup-wachovia-citigroup-wachovia-merger-wachovia-news-wachovia-bank.htm http://www.ibtimes.com/articles/20080929/citigroup-wachovia-citigroup-wachovia-merger-wachovia-news-wachovia-bank.htm Mon, 29 Sep 2008 12:56:45 EDT Citigroup Inc. agreed to buy Wachovia Corp.'s banking operations with the assistance of the Government's Federal Deposit Insurance Corp. amid a financial crisis in the largest economies in the world. http://www.ibtimes.com/data/articleimgs/141983-wachovia.jpg http://www.ibtimes.com/articles/20080929/wachovia-wachovia-shares-wachovia-merger-wachovia-citigroup-wachovia-failure-wachovia-news-wachovia.htm http://www.ibtimes.com/articles/20080929/wachovia-wachovia-shares-wachovia-merger-wachovia-citigroup-wachovia-failure-wachovia-news-wachovia.htm Mon, 29 Sep 2008 11:56:13 EDT Citigroup Inc. will buy Wachovia Corp.'s banking operations in a deal facilitated by the Federal Deposit Insurance Corp. amid a financial crisis which has deepened recently with the bankruptcy of Lehman Brothers and the sale of Washington Mutual to JP Morgan & Chase. http://www.ibtimes.com/data/articleimgs/141981-wachovia.jpg http://www.ibtimes.com/articles/20080929/citigroup-wachovia-assets-purchase.htm http://www.ibtimes.com/articles/20080929/citigroup-wachovia-assets-purchase.htm Mon, 29 Sep 2008 11:16:02 EDT Citigroup says it will sell $10 billion worth of common stock and slash its quarterly dividend in half to 16 cents per share to maintain a strong capital position, in the wake of its takeover of Wachovia's banking operations. http://www.ibtimes.com/articles/20080929/citigroup-to-raise-10b-slash-dividend-in-half.htm Mon, 29 Sep 2008 09:33:00 EDT Citigroup agreed Monday to buy Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based bank the latest casualty of the widening global financial crisis. http://www.ibtimes.com/data/articleimgs/141855-bailout-ceo-pay.jpg http://www.ibtimes.com/articles/20080929/citigroup-to-buy-wachovia-banking-operations.htm http://www.ibtimes.com/articles/20080929/citigroup-to-buy-wachovia-banking-operations.htm Mon, 29 Sep 2008 20:25:52 EDT After a six year run, and a tought 2008, onetime possible chief executive contender at Citigroup, Sallie Krawcheck will step down from the division she is currently heading. http://www.ibtimes.com/articles/20080922/sallie-krawcheck-citigroup-global-wealth-management.htm Mon, 22 Sep 2008 17:29:54 EDT After a six year run, onetime chief executive contender at Citigroup, Sallie Krawcheck will reportedly step down from the division she is currently heading. http://www.ibtimes.com/articles/20080922/sallie-krawcheck-citigroup-resignation-citi.htm Mon, 22 Sep 2008 16:37:38 EDT Another big name on Wall Street is stepping down. Sallie Krawcheck, head of Citigroup Inc.'s global wealth management division, is leaving her post, the bank said Monday. http://www.ibtimes.com/articles/20080922/citis-krawcheck-leaving-her-post-reports-say.htm Mon, 22 Sep 2008 17:45:23 EDT One of the highest ranking women on Wall Street, Sallie Krawcheck, will reportedly step down as the chief executive at a major Citigroup unit amid an industry wide crisis. http://www.ibtimes.com/articles/20080922/sallie-krawcheck-citigroup-zoe-cruz-erin-callan.htm Mon, 22 Sep 2008 15:13:26 EDT One of the highest profile women on Wall Street, Sallie Krawcheck will step down from her executive role at Citigroup, according to a report. http://www.ibtimes.com/articles/20080922/sallie-krawcheck-citigroup.htm Mon, 22 Sep 2008 14:39:10 EDT Sallie Krawcheck, Citigroup's Wealth Management division chief, is expected to resign, the Wall Street Journal reported, citing people familiar with the matter. http://www.ibtimes.com/articles/20080922/sallie-krawcheck-citigroup-wealth-management.htm Mon, 22 Sep 2008 14:19:01 EDT Shares of Citigroup Inc. continued their ascent Friday as the government outlined bold plans to help rescue banks from billions of dollars in toxic assets. A temporary ban on short selling also helped boost financial stocks. http://www.ibtimes.com/articles/20080919/citigroup-shares-rally-on-government-plan-upgrade.htm Fri, 19 Sep 2008 18:16:32 EDT Citigroup Inc. has taken a $450 million pretax hit so far this quarter due to its exposure to the troubled mortgage finance companies Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080910/citigroup-takes-450m-hit-from-fannie-and-freddie.htm Wed, 10 Sep 2008 09:37:50 EDT