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6/25/15Market Update (NYSE:C): Citigroup combines retail banking and mortgage operations (Jutia Group)

[Reuters] - Citigroup Inc will combine its retail banking and mortgage operations under Jonathan Larsen, the current global head of retail banking, according to an internal memo seen by Reuters. Citi also named Anand ... Read more on this. Citigroup Inc. (C), with a current market cap of $172.16B, began trading this morning [...]

6/23/15Company Update: Citigroup Inc (NYSE:C) – Citigroup manager tried to get brokers to lower Libor ... (Jutia Group)

[Reuters] - A senior manager at Citigroup tried to persuade British brokers to "talk down" benchmark Libor interest rates in 2007, a London criminal court heard on Tuesday. Andrew Thursfield, head of Citigroup's European risk treasury business, told the jury in the trial of former trader Tom Hayes that the U.S.-based bank had been [...]

6/19/15Market Update: Citigroup Inc (NYSE:C) – Hayes tried to influence colleagues after joining Citi,... (Jutia Group)

[Reuters - UK Focus] - Tom Hayes, the former star trader on trial for alleged Libor-rigging, tried to build up relationships at Citigroup (NYSE: C - news) soon after joining from UBS , hoping to influence the rate-setting process there, according to evidence presented in a London court on Friday. Hayes, who worked for [...]

6/15/15Company Update: Citigroup Inc (NYSE:C) – Citigroup Announces Expiration and Final Tender Result... (Jutia Group)

[Business Wire] - Citigroup Inc. announced today the expiration and final tender results of its previously announced cash tender offers with respect to each series of notes set forth in the first table below and the second table below . Read more on this. Citigroup Inc. (C), with a current market cap of [...]

6/4/15Company Update (NYSE:C): Citigroup President and CEO of Institutional Clients Group James Forese ... (Jutia Group)

[Business Wire] - James Forese, President of Citigroup and Chief Executive Officer of the Institutional Clients Group, will present at the 2015 Morgan Stanley Financials Conference on Wednesday, June 10, 2015. Read more on this. Citigroup Inc. (C), valued at $169.66B, started trading this morning at $55.45.   Looking at [...]

6/2/15Company Update (NYSE:C): Deutsche, Merrill courted ex-Libor trader after Citi sacked him- court h... (Jutia Group)

[Reuters - UK Focus] - Tom Hayes, the first trader to stand trial on alleged Libor rigging charges, was called by Merrill Lynch and Deutsche Bank (Xetra: 514000 - news) about possible job offers after being fired by Citigroup (NYSE: C - news) for alleged interest rate rigging, a London court heard on Tuesday. [...]

5/28/15Stock Update: Citigroup Inc (NYSE:C) – Citi Announces Top Innovations from Citi Mobile Challeng... (Jutia Group)

[Business Wire] - Today Citi announced the top innovations from the Citi Mobile Challenge in Europe, the Middle East and Africa . This global initiative launched in EMEA in February and invited developers to build solutions based on Citi’s digital platform and present concepts at events in Jerusalem, London, Nairobi and Warsaw. Read more [...]

5/27/15Market Update (NYSE:CTL): Citi: Another Dividend Cut Ahead for CenturyLink? (Jutia Group)

[at Barrons.com] - Citigroup’s Michael Rollins has an update on CenturyLink (CTL) today, and it’s not particularly heartening news for those hoping for higher sales to support a growing yield. Rollins reiterated a Hold rating on the stock and lowered his target price by $4, to $36 after the company’s first-quarter earnings report and [...]

5/22/15Market Update (NYSE:C): Citigroup selling retail online FX trading platform to FXCM, Saxo Bank (Jutia Group)

[Reuters] - Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.S.-based FXCM and Danish investment bank SAXO Bank. "We believe this transaction is in the best interest of Citi's Margin FX clients, who will experience a seamless transition to seasoned online retail [...]

5/21/15Company Update (NYSE:C): MOVES-Citigroup picks Tweedie to head UK corporate banking (Jutia Group)

[Reuters] - LONDON, May 21 - Citigroup has promoted Mark Tweedie to the position of head of corporate banking for the UK. He will take up the job on July 1 and have coverage responsibility for several key accounts ... Read more on this. Citigroup Inc. (C), with a current market cap of [...]

5/20/15Company Update: Citigroup Inc (NYSE:C) – Citigroup Announces Foreign Exchange Settlements with ... (Jutia Group)

[Business Wire] - Citi announced today that it has entered into settlements with the United States Department of Justice and the Board of Governors of the Federal Reserve System to resolve investigations into Citi’s foreign exchange business. Read more on this. Citigroup Inc. (C), valued at $168.31B, opened at $55.27.   [...]

5/19/15Stock Update: Citigroup Inc (NYSE:C) – Citigroup CEO Michael Corbat to Present at Bernstein’s... (Jutia Group)

[Business Wire] - Michael Corbat, Chief Executive Officer of Citigroup, will present at Bernstein’s 31st Annual Strategic Decisions Conference on Thursday, May 28, 2015. The presentation is expected to begin at approximately 10:00 a.m. Read more on this. Citigroup Inc. (C), valued at $169.66B, started the session at $54.79.   [...]

5/15/15Stock Update: Citigroup Inc (NYSE:C) – Citigroup Inc. Announces Offers to Purchase Six Series o... (Jutia Group)

[Business Wire] - Citigroup Inc. today announced the commencement of offers to purchase for cash any and all of its notes of the series set forth in the first table below, under the heading “Any and All Notes,” and certain of its notes of the series set forth in the second table below, under [...]

5/14/15Stock Update (NYSE:C): Credit cards bolster Citigroup in UAE, Bahrain and Poland (Jutia Group)

[Reuters - UK Focus] - The United Arab Emirates, Bahrain and Poland have emerged as Citigroup (NYSE: C - news) 's top consumer markets in the Europe, Middle East and Africa (EMEA) region, a senior executive told Reuters, as the bank focuses on growth areas. Citigroup, one of the world's largest credit card issuers, [...]

5/11/15Stock Update: Citigroup Inc (NYSE:C) – Citigroup says could plead guilty to settle forex probe (Jutia Group)

[Reuters] - Citigroup Inc said it could plead guilty to an antitrust charge to resolve a U.S. Department of Justice investigation of its dealings in foreign exchange markets. In a regulatory filing on Monday, the company also said the Justice Department had advised that it did not intend to prosecute the bank in a [...]

4/29/15Company Update (NYSE:C): Citigroup Declares Common Stock Dividend (Jutia Group)

[Business Wire] - The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.05 per share, payable on May 22, 2015 to stockholders of record on May 11, 2015. Read more on this. Citigroup Inc. (C), with a current market cap of $164.84B, started trading this [...]

4/23/15Company Update (NYSE:C): AT&T Access More Card from Citi Featuring a New Exclusive Smartphone Off... (Jutia Group)

[Business Wire] - Citi and AT&T* today unveiled a new credit card featuring the opportunity to earn a new smartphone. Read more on this. Citigroup Inc. (C), valued at $161.19B, started the session at $53.01.   During today's session, C traded between $52.82 to $53.22 with a trailing 52-week range [...]

4/22/15Company Update (NYSE:C): Citigroup must face South Korean bank’s lawsuit over failed CDO (Jutia Group)

[Reuters] - A U.S. appeals court on Wednesday revived a lawsuit in which South Korea's Woori Bank accused Citigroup Inc of defrauding it into buying risky mortgage securities that Citigroup was betting against, prior to the financial crisis. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge erred [...]

4/16/15Company Update (NYSE:C): Citi posts highest quarterly profit in 8 years as costs plunge (Jutia Group)

[Reuters] - Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off. Citi has been slowly getting ... Read more on this. Citigroup Inc. (C), currently valued at $164.27B, opened at $54.00.   [...]

4/14/15Market Update (NYSE:C): Lending Club and Citi Team Up on Community Lending (Jutia Group)

[PR Newswire] - SAN FRANCISCO, April 14, 2015 /PRNewswire/ -- Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, and Citi (NYSE:C) are launching a pioneering new partnership with Varadero Capital L.P., an alternative management firm focused on specialized credit investments, to facilitate up to $150 million in loans designed to [...]

4/9/15Market Update: Citigroup Inc (NYSE:C) – Citigroup says evaluating return to Cuba (Jutia Group)

[Reuters] - Citigroup is evaluating a return to Cuba, the U.S. bank's chief executive for Latin America said on Thursday at a business forum. The thaw in U.S.-Cuban relations has increased hopes for some private companies to return to Cuba after abandoning the country or being expelled following the 1959 revolution that brought Fidel [...]

3/30/15Stock Update: Citigroup Inc (NYSE:C) – Citigroup Announces Expiration and Final Tender Results ... (Jutia Group)

[Business Wire] - Citigroup Inc. announced today the expiration and final tender results of its previously announced cash tender offers (each, an “Offer” and, collectively, the “Offers Read more on this. Citigroup Inc. (C), with a current market cap of $157.00B, started trading this morning at $51.33.   Today’s price [...]

3/25/15Market Update (NYSE:C): Argentina minister says Citigroup bond deal is illegal (Jutia Group)

[Reuters] - Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and a U.S. judge allowing the banking giant to process two Argentine debt payments violated the South American country's laws. Citigroup, which acts as custodian of some Argentine bonds, has been embroiled in a court battle between the South [...]

3/24/15Stock Update: Citigroup Inc (NYSE:C) – Judge makes ruling but Argentina debt fight rages on (Jutia Group)

[Reuters] - Citigroup may have narrowly avoided losing its operating license in Argentina, but bondholders are still between a rock and a hard place after the latest court ruling on Argentina's debt. The judge gave Citi the green light to facilitate two debt payments even as the US bank works to pull out of [...]

3/18/15Company Update: Citigroup Inc (NYSE:C) – Citigroup CEO Corbat earned 10 pct less in 2014 (Jutia Group)

[Reuters] - Citigroup Inc cut its chief executive Michael Corbat's annual compensation by 10.3 percent in 2014, citing high legal expenses and the company's failure to win regulatory approval for its capital plan in last year's stress tests. Corbat's earned a total of $13 million for 2014, down from $14.5 million a year earlier, [...]

3/18/15Stock Update (NASDAQ:TXN): Texas Instruments: Citi Pounds the Table; Drexel Sees Better DRAM, NAN... (Jutia Group)

[at Barrons.com] - A couple of chip observers today weigh in with fairly bullish sentiment for the group, especially for memory chip makers such as Micron Technology (MU) and analog titan Texas Instruments (TXN). For the latter, Citigroup’s Chris Danely writes in a note to clients that he is “feeling groovy on semis,” and [...]

3/17/15Stock Update: Citigroup Inc (NYSE:C) – Citigroup to exit Argentina custody business (Jutia Group)

[Reuters] - Citigroup Inc on Tuesday said it plans to exit its custodial business in Argentina as soon as possible, after a U.S. judge refused to disturb an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a letter to U.S. District Judge Thomas Griesa in Manhattan, [...]

3/16/15Company Update (NYSE:C): Citigroup Announces Upsizing and Early Tender Results of Offers to Purch... (Jutia Group)

[Business Wire] - Citigroup Inc. announced today that it has increased the maximum aggregate principal amounts of specified series of notes that it will accept and the aggregate principal amounts of Notes that were validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on March 13, 2015 pursuant to [...]

3/12/15Market Update (NYSE:C): Citigroup cannot process some Argentina bond payments: U.S. judge (Jutia Group)

[Reuters] - A federal judge on Thursday said Citigroup Inc (C.N) cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it tries to reenter international debt markets. U.S. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called [...]

3/10/15Stock Update (NYSE:C): Citigroup Announces Expiration and Final Tender Results of Offers to Purch... (Jutia Group)

[Business Wire] - Citigroup Inc. announced today the expiration and final tender results of its previously announced cash tender offers (each, an “Offer” and, collectively, the “Offers Read more on this. Citigroup Inc. (C), with a current market cap of $155.94B, opened this morning at $52.05.   Looking at the [...]

3/5/15Stock Update (NYSE:C): Winners announced in the 2015 Citi Microentrepreneurship Awards (Jutia Group)

[Business Wire] - Entrepreneurs from Northern Ireland and the East Midlands of England, who have built thriving businesses, have tonight been crowned winners at the Citi Microentrepreneurship Awards Read more on this. Citigroup Inc. (C), currently valued at $162.34B, opened this morning at $53.72.   Today’s price range has been [...]

3/3/15Stock Update (NYSE:C): U.S. judge not ready to rule on Argentine bond payments via Citigroup (Jutia Group)

[Reuters] - A U.S. judge on Tuesday said he would not yet rule on whether Citigroup Inc can process interest payments by Argentina on bonds issued under its local laws following the country's 2002 default. U.S. District ... Read more on this. Citigroup Inc. (C), valued at $162.47B, began trading this morning at [...]

3/2/15Market Update: Citigroup Inc (NYSE:C) – Costco ties up with Citigroup, Visa for U.S. co-branded... (Jutia Group)

[Reuters] - Warehouse club retailer Costco Wholesale Corp said on Monday it had tied up with Citigroup Inc and Visa Inc to issue co-branded credit cards in the United States and Puerto Rico. Citigroup will exclusively issue the co-brand cards and Visa would provide the payment network, replacing American Express Co , from April [...]

2/24/15Stock Update: Citigroup Inc (NYSE:C) – Citigroup Announces Upsizing and Early Tender Results of... (Jutia Group)

[Business Wire] - Citigroup Inc. announced today that it has increased the maximum aggregate principal amounts of specified series of notes that it will accept and the aggregate principal amounts of Notes that were validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on February 23, 2015 pursuant to [...]

2/20/15Stock Update: Citigroup Inc (NYSE:C) – Citigroup consumer banking chief Manuel Medina-Mora to r... (Jutia Group)

[Reuters] - Manuel Medina-Mora, the head of Citigroup Inc's consumer banking business, will retire on June 1, Chief Executive Mike Corbat said in a memo to employees. Medina-Mora will be non-executive chairman of ... Read more on this. Citigroup Inc. (C), currently valued at $154.19B, opened at $51.05.   Today’s [...]

2/13/15Market Update (NYSE:C): MOVES-Citigroup appoints William Weaver head of DCM EMEA (Jutia Group)

[Reuters] - Citigroup has appointed William Weaver as head of debt capital markets for Europe, the Middle East and Africa replacing Paul Young, who left the firm last month, according to an internal memo seen by IFR. Weaver currently runs the bank's CEEMEA debt capital markets business. "William has had a 20 year career [...]

2/9/15Stock Update (NYSE:C): Citigroup Inc. Announces Offers to Purchase Three Series of Outstanding Notes (Jutia Group)

[Business Wire] - Citigroup Inc. today announced the commencement of offers to purchase for cash certain of its notes of the series set forth in the table below up to an aggregate principal amount with respect to each series of notes . Read more on this. Citigroup Inc. (C), valued at $148.81B, started [...]

1/26/15Company Update (NYSE:C): Brandee McHale Named President of the Citi Foundation and Director of Co... (Jutia Group)

[Business Wire] - Today, Citi announced that Brandee McHale has been appointed President of the Citi Foundation and Director of Corporate Citizenship for Citi, effective February 1st. Ms. McHale will succeed Pamela Flaherty, who is retiring at the end of January after 46 years with Citi. Read more on this. Citigroup Inc. (C), [...]

1/20/15Market Update (NYSE:C): Deutsche Bank ranks top in fixed income – Greenwich Associates (Jutia Group)

[Reuters - UK Focus] - Deutsche Bank (Xetra: 514000 - news) ranked top in the global fixed income market in 2014, ahead of Citigroup (NYSE: C - news) and Barclays (LSE: BARC.L - news) , according to a survey by financial services data firm Greenwich Associates published on Tuesday. The survey of more than [...]

1/12/15Stock Update (NYSE:C): Citigroup’s Possible Pair Trade For Software Stocks (Jutia Group)

[Benzinga] - In a report published Monday, Citigroup’s Walter H. Pritchard proposed a possible pair trade including VMware, Inc. (NYSE: VMW ) and Citrix Systems, Inc. (NASDAQ: CTXS ). Based on upcoming catalysts, the ... Read more on this. Citigroup Inc. (C), currently valued at $152.63B, opened this morning at $50.81.   [...]

1/5/15Company Update (NYSE:C): MOVES-Citigroup, FTI Consulting, Berkshire Partners, Nomura (Jutia Group)

[Reuters] - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com. CITIGROUP INC Citigroup appointed Shreyas Bordia managing ... Read more on this. Citigroup Inc. (C), valued at $159.14B, opened at $53.91.   Looking at the stock, its one day [...]

12/2/14Market Update (NYSE:C): Exclusive: Citigroup to shutter LavaFlow stock trading venue (Jutia Group)

[Reuters] - Citigroup Inc is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks ... Read more on this. Citigroup Inc. (C), with a current value of $163.76B, opened at $53.57.   [...]

11/25/14Market Update: Citigroup Inc (NYSE:C) – MOVES-Santander poaches Citi banker for new capital role (Jutia Group)

[Reuters] - By Aimee Donnellan and Helene Durand LONDON, Nov 25 - The eurozone's largest bank by market value Santander has hired Ben Molony from Citigroup in what is believed to be a newly created capital solutions ... Read more on this. Citigroup Inc. (C), valued at $164.38B, opened this morning at $54.40. [...]

11/24/14Stock Update: Citigroup Inc (NYSE:C) – Citigroup to pay $15 mln for analyst supervision lapses ... (Jutia Group)

[Reuters] - A unit of Citigroup Inc must pay a $15 million fine for not adequately supervising communications among its equity research analysts, clients and the firm's sales and trading staff, Wall Street's industry ... Read more on this. Citigroup Inc. (C), with a current value of $164.20B, opened this morning at $53.95. [...]

11/19/14Stock Update: Citigroup Inc (NYSE:C) – Citigroup banker’s throat slashed in luxe apartment (Jutia Group)

[at CNBC] - A Citigroup banker was found dead in his luxury downtown Manhattan apartment on Tuesday. Read more on this. Citigroup Inc. (C), valued at $162.56B, began trading this morning at $53.82.   Looking at the equity, the company's one day range is $53.38 to $53.83 with its 52-week [...]

11/6/14Company Update: MasterCard Inc (NYSE:MA) – MasterCard to Participate in Citi Conference (Jutia Group)

[Business Wire] - On Wednesday, November 19, Ed McLaughlin, chief emerging payments officer for MasterCard , will present at the Citi Financial Technology Conference in New York. The discussion will begin at 9:30 a.m. Read more on this. MasterCard Incorporated (MA), valued at $98.91B, began trading this morning at $86.00.   [...]

11/5/14Company Update (NYSE:C): Citigroup Co-President and CEO of Institutional Clients Group Jamie Fore... (Jutia Group)

[Business Wire] - Jamie Forese, Co-President of Citigroup and Chief Executive Officer of the Institutional Clients Group, will present at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference on Thursday, November 13, 2014. Read more on this. Citigroup Inc. (C), with a current value of $163.65B, started the session [...]

10/30/14Market Update (NYSE:C): Citigroup Adjusts Third Quarter 2014 Financial Results (Jutia Group)

[Business Wire] - Citi announced today that it is adjusting downward its third quarter 2014 financial results, from those reported on October 14, 2014, due to a $600 million increase in legal accruals. Read more on this. Citigroup Inc. (C), currently valued at $161.02B, started trading this morning at $52.62.   [...]

10/23/14Stock Update (NYSE:C): Citigroup to return to U.S. court Dec. 2 over Argentine bond payments (Jutia Group)

[Reuters] - District Judge Thomas Griesa in Manhattan, set out in an order issued late Wednesday, would come less than a month before a Dec. 31 interest payment by Argentina on the bonds is due. Citigroup has said it faces regulatory and criminal sanctions by Argentina, which defaulted again in July, if it cannot [...]

10/22/14Stock Update (NYSE:C): Citigroup Declares Common Stock Dividend (Jutia Group)

[Business Wire] - The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.01 per share, payable on November 26, 2014 to stockholders of record Read more on this. Citigroup Inc. (C), valued at $153.60B, opened this morning at $51.35.   Looking at [...]


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