Citigroup
Company and Financial Services Company
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Citi: Spend more to cut rate...on their total interest charges for that month. The rebate could cover some or all of the interest rate hike. Without giving specifics, Citi said the monthly spending requirements and interest rate increases will vary depending on the... In this article: Citi, Customer, Bank of America, CreditCards.com, Citibank, Tampa Bay, San Francisco, and NEW YORK |
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washingtonpost.com | 1 day ago
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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AP Online | 2 days ago
Citi raises salaries for CFO, global markets head
NEW YORK (AP) - Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will continue to collect a salary of $1 per year. Citigroup, based in New York, faces restrictions on...
In this article: Vikram Pandit, NEW YORK, Securities and Exchange Commission, and Treasury Department
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Reuters | 3 days ago
Terra Firma expects Citigroup to share EMI pain
Terra Firma expects Citigroup to share EMI "pain" By Simon Meads Private equity firm Terra Firma expects Citigroup <C.N> to share in the pain of restructuring music business EMI, said Guy Hands, the buyout firm's founder and chairman.
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Citi to sell Bellsystem stake to Bain for $1 billion
Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion). Bain has been widely expected to buy Bellsystem24 after securing...
In this article: Citigroup Inc, Bain, Bain Capital, Permira, Japan, Nikko Cordial, Blackstone, Kohlberg Kravis Roberts & Co, Sumitomo Mitsui Financial Group Inc, and Itochu Corp
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Citi rejects Terra Firma's latest bid to save EMI: report
Citigroup Inc <C.N> recently rejected a proposal from Guy Hands' private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI <LNDONE.UL>, the Wall Street Journal said on Monday. The buyout firm had offered...
In this article: EMI, Citigroup Inc, Terra Firma Capital Partners, Guy Hands, Bangalore, Reuters, and Wall Street Journal
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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 $25 billion in emergency aid into common shares.
- Name:
- Citigroup Inc.
- Type:
- Public (NYSE: C, TYO: 8710, )
- Location:
- New York City, New York, United States
- Founded:
- New York City, New York, United States (1812)
- Stock Symbol:
- C
- Industry:
- Financial services
- Key People:
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- Vikram Pandit
- Richard D. Parsons
- John Gerspach
- Products:
-
- Investment Research
- Global Wealth Management
- Private Equity
- Consumer Banking
- Investment Banking
- Corporate Banking
- Revenue:
- US$ 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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