Citigroup
Company and Financial Services Company
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Citigroup names Mccappin as Japan brokerage CEOThe Japanese brokerage unit of Citigroup Inc <C.N> has appointed Brian Mccappin as president and chief executive officer. Mccappin will take up his new position at Citigroup Global Markets Japan on Dec. 1, replacing Sim S. Lim, who is set... In this article: Citigroup, Nikko Citigroup, Sumitomo Mitsui Financial Group, Nikko Cordial, and Japan |
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Reuters | 4 days ago
Citi names private bank chairman for EMEA
...to Charlene de Carvalho Heineken, a member of the brewing dynasty, will work with Jane Fraser, head of Citi Private Bank. According to Citi's internal announcement, De Carvalho is also on the board of Citigroup Capital UK and is a...
In this article: Brewing, Citi Private Bank, and Africa
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UPDATE 2-Did Citi offer stake to Brazil? Officials disagree
...later, in Brasilia, Finance Minister Guido Mantega denied his colleague's report, saying such an offer never existed, as far as he knew. Citigroup Inc, which recently sold a large stake to the U.S. government, declined to comment. The...
In this article: Citigroup Inc, Brazil, Brasilia, Citibank, New York, and Luiz Inacio Lula da Silva
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Citigroup sought to sell stake to Brazil-minister
Citigroup <C.N> offered a stake in the bank to the Brazilian government in the beginning of the year, when the financial crisis crippled the U.S. banking system, Brazilian Energy Minister Edison Lobao said on Tuesday. The Brazilian...
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Citigroup to sell BMO a Diners Club business
Citigroup Inc <C.N> said it agreed to sell its Diners Club North America credit card business to Canada's BMO Financial Group <BMO.TO> as it sheds unwanted assets and focuses on its main units. The agreement gives BMO exclusive rights to...
In this article: Diners Club, Bank of Montreal, Discover Financial Services, New York Stock Exchange, and Vikram Pandit
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washingtonpost.com | 4 days ago
Citigroup sells Diners Club N. American ops
NEW YORK -- Citigroup Inc. said Tuesday it is selling its Diners Club North American franchise to BMO Financial Group as it continues to shed noncore assets and streamline operations. Financial terms of the deal were not disclosed. The...
In this article: Citigroup Inc., Bank of Montreal, Diners Club, NEW YORK, Harris Bank, Discover Financial Services, Canada, and United States
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Citi upgrades global 2010 economic growth forecast
NEW YORK -- Citigroup Inc. upgraded its 2010 economic growth forecasts for several countries on Monday, and said it expects a sustained but uneven global recovery next year. The annual report, released by Citi's global research unit, said...
In this article: Citi, Japan, U.S., Recession, Inflation, Korea, Asia, Africa, and Latin America
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To lower interest rates, Citi customers must spend
...be offered lower rates. To qualify, however, they will need to transfer a balance from another credit card onto their Citi cards. Samuel Wang, a Citi spokesman, declined to say the credit card terms potential new customers would be offered.
In this article: Citi, Customer, Bank of America, CreditCards.com, Citibank, San Francisco, and NEW YORK
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Description from Wikipedia:
thumb|right|Citigroup's world headquarters building, [[399 Park Avenue, New York City.]]
thumb|right|[[Citigroup Center, New York City.]]
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 12,000 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 the world's largest bank by revenues as of 2008. It is a primary dealer in US Treasury securities. Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government.
Its largest shareholders include funds from the Middle East and Singapore. On February 27, 2009 Citigroup announced that the United States government would be taking a 36% equity stake in the company by converting $25 billion in emergency aid into common shares.
- Name:
- Citigroup Inc.
- Type:
- Public (NYSE: C, TYO: 8710, )
- Location:
- New York City, New York, United States
- Founded:
- New York City, New York, United States (1812)
- Stock Symbol:
- C
- Industry:
- Financial services
- Key People:
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- Vikram Pandit
- Richard D. Parsons
- John Gerspach
- Products:
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- Investment Research
- Global Wealth Management
- Private Equity
- Consumer Banking
- Investment Banking
- Corporate Banking
- Revenue:
- US$ 105.756 billion
- Operating Income:
- US$ −20.36 billion
- Net Income:
- US$ −27.648 billion
- Assets:
- US$ 1.93 trillion
- Equity:
- US$ 141.630 billion
- No. of Employees:
- 309,000
- Market Cap:
- US$ 5.56 billion
- Website:
- http://www.citigroup.com/
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