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Buy Citigroup: The Best Positioned Global Bank
Citigroup Inc. (NYSE:C) has an unparalleled global footprint, coupled with a strong and growing capital base. Its renewed focus on reducing costs and improving efficiency to self-fund new investments has proved to be very productive.
Citigroup Leads Wall Street in Moody's Downgrade Dismissal
Citigroup Inc., the lender whose credit rating was cut by Moody's Investors Service to the lowest since its 1998 creation, led Wall Street banks in dismissing downgrades and urged investors to seek alternative analyses.
Explainer: The power of credit rating agencies  CNN
Moody's downgrade gives edge to safe-haven banks  Reuters
Ex-Citigroup VP gets eight years for stealing $22 million
NEW YORK A former Citigroup Inc (C.N) vice president who admitted to embezzling more than $22 million was sentenced on Friday to 8 years in prison, federal prosecutors said.
Lazard elects former Citigroup chairman Richard Parsons to board
Parsons served as chairman of Citigroup Inc. from February 2009 until his retirement in April 2012. He had served as a director on its board since 1996.
Russia Must Cut Break-Even Oil Price to $80, Citigroup Says
June 14 (Bloomberg) -- Russia must lower the average oil price it needs to balance the budget by more than 30 percent to attract investors and reduce risk, according to Citigroup Inc. “It's not impossible,” Kingsmill Bond, chief strategist at Citigroup ...
Citigroup Faces $5 Billion Hit on Dollar's Rise
June 20 (Bloomberg) -- Citigroup Inc.'s book value could take a $3 billion to $5 billion “hit” this quarter as currencies in some of its biggest markets decline against the U.S.
Citigroup Moves Trader Putcha to Help Internal Hedge Fund
June 29 (Bloomberg) -- Citigroup Inc. has moved Ramakrishna Putcha, a former proprietary trader, into an internal hedge fund that makes bets with about $200 million of the firm's money after the portfolio slid 14 percent last year.
Citigroup beefs up US wealth business
Citigroup Inc. is stepping up its efforts to become a major player in the U.S. wealth management business. The bank last week hired two veteran brokerage executives to help beef up its Citigold Wealth Management service, which it offers to customers ...
Citigroup Funds British Museum's Money Gallery, Lends a Warhol
A 500 million mark banknote from pre-Nazi Germany in 1923, when hyperinflation was rampant. The note is on display in the British Museum's newly revamped Citi Money Gallery, sponsored by Citigroup Inc. Source: Trustees of the British Museum via ...
Citigroup Promotes Larsen Global Head of Retail Banking
June 27 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. lender, appointed Hong Kong-based Jonathan Larsen to global head of retail banking as Chief Executive Officer Vikram Pandit pushes deeper into Asia for revenue growth.
Citi Names New Hong Kong-Based Global Head of Retail Banking  Wall Street Journal (blog)