Citigroup
Company and Financial Services Company
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BBVA...more quickly than their developed counterparts. Indeed, BBVA's Latin American profits could be almost 50 per cent greater than its Spanish profits within two years, Citigroup estimates. That is just as well. Spain's economy is spluttering... In this article: BBVA, Bad debt, Santander, Spain, Bancomer, Citigroup, and Mexico |
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World business news - CNNMoney.com | November 05, 2009
Could Citi lose its Mexican bank?
...should be forced to sell its Mexican unit. Mexico's Finance Ministry had already ruled in March that the U.S. government's stake in Citigroup did not pose a problem with Mexican bank regulations. Banamex represents around 15% of Citigroup's...
In this article: Supreme Court, Mexico, Carlos Slim, BBVA Bancomer, Nasdaq, Santander, and HSBC
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Forbes.com News | October 19, 2009
Getting Citi Out Of Mexico
...did five years ago." Bove noted media reports estimate Banamex's value at $20 billion, and if Citigroup generated a 5% after-tax return on this money, it could more than double what ti retains from Banamex's earnings. "Thus, if the bank is...
In this article: Bank of America, Mexico, Jpmorgan Chase, Wells Fargo, American International Group, and Tax
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FT.com - Companies | October 18, 2009
Citigroup might lose Mexican subsidiary
A group of opposition senators has pointed out that the US government bail-out of Citi last year placed its Mexican subsidiary, Banamex, in breach of national law, which bans foreign governments from owning a stake in domestic banks. For...
In this article: Supreme Court, Mexico, US, Nationalism, Mexican Stock Exchange, Bank of New York Mellon, and Royal Bank of Scotland
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USATODAY.com | October 20, 2009
Retirement overhaul: 401(k)s may not be the answer now
...30 OECD countries. "I feel we're watching a slow-motion train wreck," says Steve Bartlett, president of the Financial Services Roundtable, which represents large institutions, such as Citigroup, Allstate and Fidelity. "It's pretty clear...
In this article: Social Security Administration, Steve Bartlett, Inflation, United Food and Commercial Workers, and New School
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Banamex dilemma for Citigroup
Mr Ortiz did not mention Banamex. However, some influential bankers say that forcing Citigroup to sell at least a part of Banamex via a listing on Mexico's stock market would be good for all parties involved. It would provide the finance...
In this article: Washington, Mexico, Institutional Revolutionary Party, Pancho Villa, Mexican Stock Exchange, and Supreme Court
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washingtonpost.com | October 15, 2009
Citigroup Earns $101M After Dip in Losses on Toxic Loans
...as well. The goal is to focus on the company's core business of offering banking services to international corporations, along with retail banking operations in nations including the United States and Mexico. "We're the world's...
In this article: Vikram Pandit, Revenue, Federal Deposit Insurance Corp., Wall Street, United States, Dow Jones Industrial Average, Federal Reserve, and Goldman Sachs
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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 $25 billion in emergency aid into common shares.
- Name:
- Citigroup Inc.
- Type:
- Public (NYSE: C, TYO: 8710, )
- Location:
- New York City, New York, United States
- Founded:
- New York City, New York, United States (1812)
- Stock Symbol:
- C
- Industry:
- Financial services
- Key People:
-
- Vikram Pandit
- Richard D. Parsons
- John Gerspach
- Products:
-
- Investment Research
- Global Wealth Management
- Private Equity
- Consumer Banking
- Investment Banking
- Corporate Banking
- Revenue:
- US$ 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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