Sunday, May 27, 2012 5:10 PM EDT
Citigroup Inc. (branded Citi), is a major American financial services company based in New York, NY. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998.
Citigroup Inc. has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company employs approximately 300,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities. Read More
By Reuters UK
World shares gained for a second consecutive day on Tuesday on hopes European leaders will tackle the region's debt crisis, but the euro fell on doubts that much would come of a meeting just a day away. (May 22)
MORE TOPICS: DOW JONES, BANK OF AMERICA, BNP PARIBAS, JPMORGAN CHASE, WELLS FARGO, FTSE
By Reuters
The Financial Industry Regulatory Authority has fined Citigroup Global Markets $3.5 million for providing inaccurate information related to subprime securitizations. (May 22)
MORE TOPICS: MORTGAGE, COMMERCIAL REAL ESTATE
By Reuters
Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in the United States. (May 22)
MORE TOPICS: OUTSOURCING
By IBTimes AU
The Nasdaq Composite index rose the most since December as hopes of political progress in Greece and talk of government efforts to buoy China's economy trumped a steep decline in Facebook's newly public stock. (May 21)
MORE TOPICS: GOLDMAN SACHS, FTSE, HANG SENG INDEX, JAPAN, GOLD, COPPER, CHINA, GOLD, DOW JONES, BANK OF AMERICA, BNP PARIBAS
By IBTimes
Industrial manufacturer Eaton Corp. (ETN) said Monday it would buy electrical equipment company Cooper Industries Plc for $11.8 billion to expand into the electric industry. (May 21)
MORE TOPICS: MORGAN STANLEY, NYSE
By IBTimes
Publisher Houghton Mifflin Harcourt filed for Chapter 11 bankruptcy protection Monday to restructure $3.1 billion in debt and reduce annual interest costs by around $250 million. (May 21)
By Street Wise Reports
Aaron Kennon, co-founder and CEO of Clear Harbor Asset Management, shares some of his company's trade secrets in this exclusive interview with The Gold Report. Educating yourself is critical before investing, and Kennon suggests questions to ask... (May 18)
MORE TOPICS: CHINA, GOLD, NYSE, GOLD PRICES, ARGENTINA, ADVERTISING
By Reuters
Citigroup Inc <C.N> and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud for hiding the bank's risks during the 2008 financial crisis. (May 18)
MORE TOPICS: VIKRAM PANDIT, WACHOVIA, WELLS FARGO, COURT, NEW YORK, LAWSUIT
By IBTimes IN
The Citigroup has reportedly said the Indian rupee may dive south further to touch 60 against the US dollar. (May 18)
MORE TOPICS: GOLD, INDIA, RBI, INVESTMENT
By Reuters UK
Facebook Inc is set to raise up to $18.4 (11.66 billion pounds) billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday. (May 17)
MORE TOPICS: GENERAL MOTORS, BANK OF AMERICA, GOLDMAN SACHS, MERRILL LYNCH, MORGAN STANLEY, MARK ZUCKERBERG
