Citigroup

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Citigroup Posts $2.5 Billion Loss, Cuts 6,000 Jobs

AP | MADLEN READ | Posted 07.18.2008 | Business

Read More: Citigroup, Economic Crisis, Financial Crisis, Mortgage Crisis, Recession, Citigroup Loss, Citigroup Slashes Jobs, Citigroup Cuts Jobs, Citigroup Second Quarter Loss, Business News

NEW YORK — Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion se...

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Back When ...

James Berman | Posted 07.17.2008 | Business

Read More: American Express, JP Morgan Chase, Citigroup, Savings and Loan Crisis, Washington Mutual, Freddie Mac, Lehman Brothers, State Street, Fannie Mae, Bear Stearns, Bank Crisis, Ibm, Housing Crisis, Financial Crisis, Financial Advice, Business News

It makes more sense to invest for the probability that the world will outlive this collapse -- as surely as it did all others in history -- instead of for the remote possibility that the apocalypse is finally upon us.

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Ex-Citigroup CEO Having Hard Time In Housing Market

Bloomberg.com | Sharon L. Lynch | Posted 06.18.2008 | Business

Read More: Charles O. Prince, Citigroup, Chuck Prince Home, Citigroup Chuck Prince, Subprime Mortgages, Subprime Mortgage Crisis, Business News

Former Citigroup Inc. Chief Executive Officer Charles O. "Chuck'' Prince III lost his job because of the housing slump. Now he's having a hard time se...

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"You're About to Witness A Crime."

Max Keiser | Posted 06.14.2008 | Business

Read More: Socially Responsible Investments, Chuck Prince, Karl Malden, Lehman Brothers, Citigroup, Calpers, Business News

Workers and savers end up footing the bill for Wall Street's bonuses and Fed-crimes against the dollar.

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Citigroup's $800 Million Misfire

The New York Times | Eric Dash | Posted 06.13.2008 | Business

Read More: Vikram Pandit, Old Lane Partners, Vikram Pandit Citigroup, Hedge Funds, Vikram Pandit Old Lane Partners, Citigroup, Business News

What do you call a hedge fund that has no outside investors? Closed. Vikram S. Pandit, Citigroup's chief executive, knows that answer all too well. O...

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Sandy Weill Admits Citigroup's Succession Plan Was Flawed

Financial Times | Posted 05.23.2008 | Business

Read More: Chuck Prince, Citigroup, Sandy Weill, Business News

Sandy Weill, Citigroup's former chairman and chief executive, has acknowledged that the planning that led to the choice of Chuck Prince as his success...

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Citigroup Selling $500 Billion In Assets

AP | MADLEN READ | Posted 05.09.2008 | Business

Read More: Citigroup, Vikram Pandit, Business News

NEW YORK — Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review _ but ...

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Citigroup Sending Top Banker To Dubai For A Foothold

New York Times | Eric Dash | Posted 05.08.2008 | Business

Read More: Dubai, Citigroup, Alberto Verme, Business News

Citigroup announced late Wednesday that it was moving one of its most senior investment bankers to the Middle East, hoping to establish a stronger foo...

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Annual Anarchy: Citigroup Eviscerated At Shareholders Meeting

AP | Posted 04.23.2008 | Business

Read More: Citigroup, Citigroup Shareholders Meeting, Vikram S. Pandit, Business News

Citigroup's directors have been re-elected, but they were shelled with criticism at Tuesday's annual meeting of shareholders, whose stock in the bank ...

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Citigroup cuts value of investments by $14B in 1Q

AP | MADLEN READ | Posted 04.18.2008 | Business

Read More: Citigroup, Write-Downs, Leveraged Loans, Citigroup Write-Downs, Mortgages, Business News

NEW YORK — Citigroup's 9,000 job cuts and $14 billion in write-downs suggest that even if the worst of the credit market volatility is over, the...

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The Financial Media Creates Two New Star Analysts: Jeremiah Was a Bullfrog

Yvette Kantrow | Posted 04.04.2008 | Media

Read More: Richard X. Bove, Citigroup, Business Week, Meredith Whitney, Henry Blodget, Mary Meeker, The New York Times, Media News

Even in these post-Blodget times, the media can't stop itself from annointing the next stock picker or market caller extraordinaire.

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Citi Merger "A Mistake," Says Dealmaker

Financial Times | Francesco Guerrera | Posted 04.04.2008 | Business

Read More: Vikram Pandit, John Reed, Citigroup, Wall Street, Financial Sector, Travelers Insurance, Citicorp, Business News

The landmark merger that created Citigroup was a "mistake" that failed to benefit the financial services conglomerate's investors, customers and emplo...

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A Small Window

James Berman | Posted 03.26.2008 | Business

Read More: Fdic, American Express, JP Morgan Chase, Fed, Aig, Citigroup, Banks, Bear Stearns, Market Bottom, Lenders, 1929, Dow, Great Depression, Financials, Xlf, Business News

There are only a few moments in an investment lifetime where there is fear so thick and the pricing so low that great riches await those willing to bear the risk of buying. This is one of those times.

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Citi Settles Enron Suit for $1.66B

AP | MADLEN READ | Posted 03.26.2008 | Business

Read More: Mega Claims Lawsuit, Mega Claims, Citigroup, Enron Creditors Recovery Corp, Enron, Citigroup Enron, Business News

NEW YORK — Citigroup Inc. agreed Wednesday to pay $1.66 billion to creditors of Enron Corp. who lost money when the energy trader collapsed in 2...

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Citigroup To Cut 2,000 More Jobs

New York TImes | Posted 03.20.2008 | Business

Read More: Layoffs, Citigroup, Citigroup Layoffs, Job Cuts, Traders, Investment Banks, Investment Bankers, Business News

Citigroup plans to lay off another 2,000 investment bankers and traders before the end of the month, people close to the situation said on Wednesday. ...

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Business To Security Analysts: Shut UP

Fortune's Stanley Bing | Posted 03.19.2008 | Business

Read More: Bank Write Downs, Citigroup, Chuck Prince, Corporate Sanity, Credit Suisse, Business Stories of the Year, BS, Security Analysts, Character Issue, Excessive Exit Packages, Debt, Hedge Funds, Bear Stearns, Bogus Dudes, Depression, Self-Inflicted Injuries, Business News

I've been in business for about 5,427 dog years and at no time during my career has there ever been a day when somebody wasn't worried about what some security analyst was writing about us.

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CEOs Defend Their High Pay on Hill

AP | JIM ABRAMS | Posted 03.07.2008 | Business

Read More: Citigroup, Merrill Lynch, Subprime Mortgage Crisis, Committee on Oversight and Government Reform, Stanley O'Neal, Stan O'Neal, Charles Prince, Chuck Prince, Angelo Mozilo, Countrywide Financial, Bank of America, Writedowns, Mortgages Lenders, Henry Waxman, Business News

WASHINGTON — Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollar...

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Citi CEO Spins Foreign Bailout Money

New York Post | Paul Tharp | Posted 03.06.2008 | Business

Read More: Vikram Pandit, Citigroup, Dubai International Capital, Cdo, Gulf Investors, Collaterized Debt Obligations, Subprime Mortgage Crisis, Citi CEO, Subprime Mortgages, Sammer Al-Ansari, Business News

Vikram Pandit's winding up his 100-day, globetrotting honeymoon as Citigroup's would-be savior by yesterday writing a love note to all employees to as...

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Ambac Private Stock Sale May Raise $2.5 Billion

CNBC | Charles Gasparino | Posted 03.05.2008 | Business

Read More: U.S. Economy, Citigroup, Ambac, Banking, Ambac Triple a Rating, Triple a Rating, Business News

A consortium of banks is planning to underwrite a private sale of as much as $2.5 billion of Ambac stock to shore up the bond insurer's capital, which...

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Citigroup's Job Cuts Could Exceed 30,000

CNBC | Charlie Gasparino | Posted 03.04.2008 | Business

Read More: Layoffs, Merrill Lynch, Citigroup, Subprime Mortgages, Banks, Writedowns, Job Cuts, Subprime Mortgage Crisis, Citigroup Job Cuts, Citigroup Writedowns, Vikram Pandit, U.S. Economy, Recession, Business News

Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime-related debt, CNBC has le...

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Wall Street Gears For New Pain

Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 03.03.2008 | Business

Read More: Citigroup, U.S. Economy, Banks, Subprime Loans, Real Estate, Credit Crunch, Subprime Shakedown, Goldman Sachs, Merrill Lynch, J.P. Morgan Chase, Morgan Stanley, Lehman Brothers, Bear Stearsn, Subprime Loan Crisis, J.P. Morgan, Commercial Real Estate, Business News

After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...

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Citi's Private Equity Stakes On The Block?

New York Times | Dealbook | Posted 01.31.2008 | Business

Read More: Citi, Court Square Capital Partners, Citigroup, Nikko Cordial, Dan Primack, Business News

Even after its outside investments and its controversial dividend cut, Citigroup may still be looking for additional capital. PE Hub's Dan Primack rep...

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Writedowns Hit $120 Billion

Wall Street Journal | David Gaffen | Posted 01.31.2008 | Business

Read More: Citigroup, Merrill Lynch, Morgan Stanley, UBS Writedowns, Mortgage Market, Writedowns, Ubs, Business News

The admissions of greater-than-expected writedowns from Swiss bank UBS, along with reports out of major Japanese institutions, means the total amount ...

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Citigroup CEO Scores $26.7 Million In Stock, 3 Million Options

Reuters Via USA Today | Jonathan Stempel | Posted 01.25.2008 | Business

Read More: CEO Pay, Vikram Pandit, Citigroup, Sec, Business News

Citigroup (C) awarded Chief Executive Vikram Pandit $26.7 million worth of shares and 3 million stock options six weeks after he took over the largest...

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Profit Falls 42% At Capital One

Bloomberg | Posted 01.24.2008 | Business

Read More: American Express, Citigroup, Net Income, Credit Cards, Capital One, Business News

The Capital One Financial Corporation, the credit card issuer, said Wednesday that fourth-quarter profit fell 42 percent as more borrowers failed to r...

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