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10/14/14Stock Update (NYSE:C): Citigroup, Jefferies to lead mid-November Atlantic City bond sale (Jutia Group)

[Reuters] - Citigroup and Jefferies will lead a $140 million bond sale as soon as mid-November for New Jersey's cash-strapped gambling hub Atlantic City, an official told Reuters on Tuesday. Citi will be senior manager ... Read more on this. Citigroup Inc. (C), valued at $156.05B, opened this morning at $51.14.   [...]

9/25/14Stock Update (NYSE:C): BOCHK Asset Management Limited and Citi Jointly Launch Renminbi High Yield... (Jutia Group)

[Business Wire] - LONDON & LUXEMBOURG--(BUSINESSWIRE)-- Bank of China (Hong Kong) Asset Management Limited (“BOCHK AM”) and Citigroup Global Markets Limited (“Citi”) have jointly launched the BOCHK RMB High Yield Bond Fund1 (the “Fund”). This is BOCHK’s first Renminbi (RMB) high yield bond UCITS Fund registered in Luxembourg. Read more on this. Citigroup [...]

9/23/14Company Update: Citigroup Inc (NYSE:C) – Citigroup Announces Early Tender Results of Offers to ... (Jutia Group)

[Business Wire] - Citigroup Inc. announced today the aggregate principal amounts of specified series of notes that were validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on September 22, 2014 pursuant to its previously announced cash tender offers , as set forth in the table below. Read more [...]

9/19/14Company Update (NYSE:C): U.S. court tosses Argentina, Citigroup appeal in bond case (Jutia Group)

[Reuters] - Circuit Court of Appeals in New York in a brief order declined to find it had jurisdiction, because the order Citigroup and Argentina appealed over was a "clarification, not a modification" of a prior decision by U.S. The appellate court, though, said nothing in its decision was intended to prevent Citigroup from [...]

9/19/14Market Update: Delphi Automotive PLC (NYSE:DLPH) – Delphi to Present at the Citi Industrials Co... (Jutia Group)

[Business Wire] - GILLINGHAM, England--(BUSINESSWIRE)-- Delphi Automotive PLC (NYSE: DLPH) will present at the Citi Industrials Conference Monday, September 22 nd in Boston. Delphi’s Executive Vice President and Chief Financial ... Read more on this. Delphi Automotive PLC (DLPH), with a current market cap of $19.60B, started trading this morning at $66.00. [...]

9/17/14Stock Update: Citigroup Inc (NYSE:C) – Chicago Mayor Emanuel, Los Angeles Mayor Garcetti, New Y... (Jutia Group)

[Business Wire] - Today, Chicago Mayor Rahm Emanuel, Los Angeles Mayor Eric Garcetti, New York City Mayor Bill de Blasio, and Citi jointly launched Cities for Citizenship – a major initiative aimed at increasing citizenship among eligible U.S. Read more on this. Citigroup Inc. (C), currently valued at $159.74B, began trading this morning [...]

9/12/14Market Update: Citigroup Inc (NYSE:C) – The City of New York and the Citi Foundation Join Natio... (Jutia Group)

[Business Wire] - Today, the City of New York and the Citi Foundation welcomed a new class of New York AmeriCorps members, as part of a nationwide ceremony to mark AmeriCorps' 20th anniversary. This morning’s event at Citi Field kicks off a year of national service for more than 4,000 AmeriCorps members in New [...]

9/11/14Stock Update: Citigroup Inc (NYSE:C) – Ex-Citi FX trader Ramchandani joins London Capital Group (Jutia Group)

[Reuters - UK Focus] - Rohan Ramchandani, the former head of European currency trading at Citigroup (NYSE: C - news) , who sources close to the matter say was fired by the global bank in January, has joined online trading- services provider London Capital Group Holding. Ramchandani, who has not been accused of any [...]

9/10/14Market Update (NYSE:C): U.S. judge holds off on Citi subpoena in Argentine bond case (Jutia Group)

[Reuters] - District Judge Thomas Griesa at a hearing in New York acknowledged Argentina may be undertaking efforts to force Citigroup to violate orders he previously issued as part of litigation that led to the country's default in July. Read more on this. Citigroup Inc. (C), with a current market cap of $157.14B, [...]

9/4/14Market Update: Delphi Automotive PLC (NYSE:DLPH) – Delphi to Present at the Citi Global Technol... (Jutia Group)

[Business Wire] - Delphi Automotive PLC will present at the Citi Global Technology Conference in New York City later today. Delphi’s Chief Executive Officer and President, Rodney O’Neal, and Chief Technology Officer, Jeff Owens, are scheduled to present at 10:15 a.m. Read more on this. Delphi Automotive PLC (DLPH), currently valued at $21.05B, [...]

9/3/14Company Update: Citigroup Inc (NYSE:C) – Citi sells more branches in Texas to BB&T (Jutia Group)

[Reuters] - Citigroup Inc agreed to sell another 41 branches in Texas to BB&T Corp as the third-largest U.S. The disposal follows the sale of 21 branches in the state to BB&T in December. Citi also sold its retail banking and credit card business in Spain to Banco Popular in June and, according to [...]

9/3/14Market Update (NYSE:BBT): BB&T to acquire additional Texas branches from Citibank (Jutia Group)

[PR Newswire] - WINSTON-SALEM, N.C., Sept. 3, 2014 /PRNewswire/ -- BB&T Corporation (BBT) announced today the signing of an agreement to acquire 41 branches in Texas from Citibank. The acquisition includes Citibank retail branches in the Dallas, Houston, Midland and Odessa markets, including $2.3 billion in deposits and $87 million in loans. "We could [...]

8/25/14Company Update: Citigroup Inc (NYSE:C) – New Citi Wallet Simplifies Online Purchases (Jutia Group)

[Business Wire] - Citi cardmembers now have a quicker and simpler way to make online purchases with the new Citi Wallet. Citi is the first global bank to introduce its own branded digital wallet in the U.S. Read more on this. Citigroup Inc. (C), valued at $156.82B, started the session at $51.28. [...]

8/22/14Market Update: Citigroup Inc (NYSE:C) – Citigroup Inc. Announces Offer to Purchase up to U.S. $... (Jutia Group)

[Business Wire] - Citigroup Inc. today announced the commencement of its offer to purchase for cash up to U.S. $700 million aggregate principal amount of its outstanding 6.125% Notes due 2017 . Read more on this. Citigroup Inc. (C), valued at $154.83B, opened this morning at $50.94.   During today's [...]

8/19/14Stock Update: Citigroup Inc (NYSE:C) – Citi tells court its Argentina banking license at risk (Jutia Group)

[Reuters] - Citigroup has told the U.S. District Judge Thomas Griesa, Citibank Argentina is barred from distributing payments it will receive from Argentina to holders of a class of restructured bonds that are governed under Argentine law. Meanwhile, the Argentine government has demanded that the bank honor its obligations under local law. Citi expects [...]

8/15/14Stock Update (NYSE:C): Morgan Stanley must pay $4.5 mln to Citigroup’s Banamex unit -panel (Jutia Group)

[Reuters] - Morgan Stanley & Co Inc must pay $4.5 million to Citigroup's Banamex unit which alleged the firm had allowed funds in a family's trust account to be used to repay third-party loans without its authorization, ... Read more on this. Citigroup Inc. (C), with a current value of $147.71B, started the [...]

8/13/14Company 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 (each, an “Offer” and, collectively, the “Offers Read more on this. Citigroup Inc. (C), with a current value of $147.72B, started trading this morning at $48.62.   Looking at today's [...]

8/5/14Citigroup Inc (NYSE:C) | UPDATE 1-U.S. judge reluctantly approves SEC-Citigroup $285 mln deal (Jutia Group)

[Reuters] - A U.S. judge on Tuesday reluctantly approved a $285 million fraud settlement between Citigroup Inc and the U.S. Securities and Exchange Commission, two months after an appeals court voided his decision to reject it as inadequate. U.S. District Judge Jed Rakoff said he had little choice but to approve the deal, which [...]

8/4/14Market Update (NYSE:C): Former Citi official fined $500,000 for fraud in CFTC case (Jutia Group)

[Reuters] - A federal court has ordered former Citigroup director, John Aaron Brooks, to pay $500,000 for defrauding two Citigroup companies by mismarking and inflating the value of his position in ethanol futures ... Read more on this. Citigroup Inc. (C), valued at $146.74B, opened at $48.45.   During the [...]

8/1/14Citigroup Inc (NYSE:C) | Lexington Partners to Acquire Citi’s Commitment to Metalmark Capital P... (Jutia Group)

[Business Wire] - Citigroup Inc. and Lexington Partners announced today that they have entered into a definitive agreement whereby Citi will sell 80% of its $1.5 billion limited partnership interest in Metalmark Capital Partners II to Lexington. Read more on this. Citigroup Inc. (C), with a current market cap of $146.18B, began trading [...]

7/30/14Market Update: Citigroup Inc (NYSE:C) – Citigroup Announces Upsizing of Offers to Purchase Spec... (Jutia Group)

[Business Wire] - Citigroup Inc. announced today, that it has increased the maximum aggregate principal amount of specified series of notes that it will accept (each, a “ Read more on this. Citigroup Inc. (C), valued at $152.23B, started the session at $49.64.   During the trading session, C traded [...]

7/29/14Market Update (NYSE:C): MOVES-Citi hires ex-Deutsche iron ore trader, bets on bulks volatility (Jutia Group)

[Reuters] - * Vlad Stoychev to head Citigroup global iron ore and coal sales * Citi sees rivals fade, looks to cash in on bulks volatility LONDON, July 29 (Reuters) - Citigroup Inc has hired a physical iron ore trader from Deutsche Bank to head its global bulk commodity sales team, as the U.S. [...]

7/28/14Company Update (NYSE:C): MOVES-Citigroup deputy general counsel departs to join law firm (Jutia Group)

[Reuters] - Citigroup Inc's deputy general counsel, Elizabeth Sacksteder, has left the bank to join law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner in the litigation department. Sacksteder also ... Read more on this. Citigroup Inc. (C), valued at $150.68B, opened at $49.95.   During today's [...]

7/25/14Citigroup Inc (NYSE:C) | Citigroup unit to pay $5 million to settle U.S. SEC charges (Jutia Group)

[Reuters - UK Focus] - A private trading venue owned by Citigroup will pay a $5 million penalty to settle charges that it failed to protect customers' data, marking the latest case in a crackdown by U.S. regulators over alleged market rule violations. The Securities and Exchange Commission said the unit, LavaFlow Inc., is [...]

7/22/14Company Update (NYSE:C): Nedgroup Investments Picks Citi to Support New UCITS Fund (Jutia Group)

[Business Wire] - Citi has been awarded a new mandate by Nedgroup Investments, the collective investment scheme manager with $2bn of assets under management, to provide a full range of investor services for the Nedgroup Investments Funds Plc. Read more on this. Citigroup Inc. (C), with a current market cap of $150.44B, started [...]

7/15/14Market Update (NYSE:C): Prince Alwaleed Congratulates Corbat for Citigroup’s Positive Results (Jutia Group)

[at noodls] - July 15, 2014 HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) congratulates Mr. Mike Corbat CEO of Citigroup for Citigroup's Q2 positive results. Prince Alwaleed ... Read more on this. Citigroup Inc. (C), valued at $147.09B, started trading this morning at $48.67.   [...]

7/14/14Citigroup Inc (NYSE:C) – Citi profit falls, hurt by $7 billion legal settlement (Jutia Group)

[Reuters] - There were bright spots in the results, including better- than-expected stock and bond trading results, which helped the bank post adjusted earnings that beat the average analyst estimate. Citigroup shares rose 3.7 percent to $48.74. While the trading results topped expectations, revenue from stock and bond trading declined. Excluding the bank's $7 [...]

6/17/14Market Update: Citigroup Inc (NYSE:C) – Citigroup FX chief Feig leaving bank for Fortress (Jutia Group)

[Reuters] - Citigroup Inc's global head of foreign exchange, Jeff Feig, is leaving the bank and will join investment firm Fortress Investment Group LLC as a portfolio manager. Feig, who has been with Citigroup for 25 years, served as the bank's forex chief for 10 years. We have a strong, talented bench that continues [...]

6/13/14Stock Update: Citigroup Inc (NYSE:C) – U.S. to sue Citigroup over faulty mortgage bonds -sources (Jutia Group)

[Reuters] - WASHINGTON/NEW YORK, June 13 (Reuters) - The U.S. Department of Justice is preparing to sue Citigroup Inc on charges that the bank defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, after talks to resolve the probe broke down, people familiar with the matter [...]

6/4/14Citigroup Inc (NYSE:C) – U.S. appeals court voids judge’s rejection of SEC-Citigroup accord (Jutia Group)

[Reuters] - NEW YORK/WASHINGTON, June 4 (Reuters) - A federal appeals court on Wednesday handed the U.S. Securities and Exchange Commission a big victory by voiding a judge's pathbreaking decision to reject the regulator's $285 million fraud settlement with Citigroup Inc. The 2nd U.S. Circuit Court of Appeals in New York said U.S. District [...]

5/29/14Company Update (NYSE:C): Citi Names Richard Banziger Head of Citi Commercial Bank in the U.S. (Jutia Group)

[Business Wire] - Citi today named Richard Banziger Head of Citi Commercial Bank in the U.S. A 30-year veteran of Citi’s Institutional Clients Group, Banziger will lead the bank’s expanding middle-market banking business across the country. Read more on this. Citigroup Inc. (C), currently valued at $143.47B, opened this morning at $47.30. [...]

5/27/14Citigroup Inc (NYSE:C) | Citigroup’s (C) Management Presents at Deutsche Bank 2014 Global Finan... (Jutia Group)

[Seeking Alpha] - Ladies and gentlemen, please welcome back Deutsche Bank’s Matt O’Connor. Up next is Citigroup. But clearly the latest CCAR round and denial of Citi’s capital plan has a lot of folks scratching their head as to what more needs to be done before Citi can buy back stock and I’m thinking [...]

5/22/14Citigroup Inc (NYSE:C) – Citigroup CEO Michael Corbat to Present at the Sanford C. Bernstein 30... (Jutia Group)

[Business Wire] - Michael Corbat, Chief Executive Officer of Citigroup, will present at the Sanford C. Bernstein 30th Annual Strategic Decisions Conference on Thursday, May 29, 2014. The presentation is expected to begin at approximately 9:00 AM . Read more on this. Citigroup Inc. (C), valued at $143.20B, opened at $46.77.   [...]

5/21/14Citigroup Inc (NYSE:C) – Citi Launches Citi Mobile Snapshot across the U.S. (Jutia Group)

[Business Wire] - Today Citi launched Citi Mobile® Snapshot, a new opt-in feature of the Citi Mobile® app, for all U.S. banking and credit card customers. Citi Mobile Snapshot enables customers to view deposit and credit card balances and recent transactions without having to log into their accounts. Read more on this. Citigroup [...]

5/20/14Company Update: Citigroup Inc (NYSE:C) – Citigroup Plans to Expand Mortgage Lending, Fraser Says (Jutia Group)

[at Bloomberg] - Citigroup Inc. is seeking to reverse the contraction of its U.S. mortgage business, partly by increasing purchases of home loans from other firms, according to Jane Fraser, who oversees the lending. “We want to grow,” Fraser, the head of U.S. consumer and commercial banking for Citigroup who also runs its home-loan [...]

5/15/14Market Update: Citigroup Inc (NYSE:C) – Levine on Wall Street: Mexican Loans and Irish Taxes (Jutia Group)

[at Bloomberg] - Here is the goofy story of how Citigroup discovered that its Banamex subsidiary's loans to Oceanografia were fraudulent. Citi was discounting Oceanografia's invoices to Pemex, the Mexican state oil company, and Oceanografia was forging the invoices. Banamex got nervous and set up a meeting with Pemex: Read more on this. [...]

5/14/14Market Update (NYSE:C): Citigroup fires 11 more in Banamex loan fraud investigation – memo (Jutia Group)

[Reuters] - NEW YORK/MEXICO CITY, May 14 (Reuters) - Citigroup has fired 11 more people, including four senior executives, after an initial internal investigation found lax controls and bogus loans at its Mexico unit, Banamex, according to an internal memo sent to employees on Wednesday. The fired employees, including two business heads in Mexico, [...]

5/13/14Market Update: Citigroup Inc (NYSE:C) – Citigroup Asia Pacific banking exec Faruqui leaving -memo (Jutia Group)

[Reuters] - Citigroup Inc's head of Corporate and Investment Banking for Asia Pacific, Farhan Faruqui, is leaving the company, according to an internal memo. Faruqui, a 23-year veteran of the company, is departing for \"the next stage of his career,\" according to the memo, which was seen by Reuters. Faruqui will be replaced by [...]

4/23/14Market Update: Citigroup Inc (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 May 23, 2014 to stockholders of record on Ma Read more on this. Citigroup Inc. (C), with a current market cap of $147.03B, started the session at $47.91. [...]

4/22/14Company Update (NYSE:C): Citigroup’s leaders say company needs to simplify itself (Jutia Group)

[Reuters] - The two men at the top of Citigroup Inc, the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself. Asked at an annual meeting of shareholders whether Citigroup is too big to manage, Chairman Mike O'Neill said the task "is certainly harder" [...]

4/16/14Company Update: Citigroup Inc (NYSE:C) – PGGM Appoints Citi as Depositary Bank for Range of Alt... (Jutia Group)

[Business Wire] - PGGM Vermogensbeheer B.V. , a wholly-owned subsidiary of the leading Dutch pension administrator, PGGM N.V., has appointed Citi as the depository bank for its range of alternative investment funds. Read more on this. Citigroup Inc. (C), currently valued at $145.08B, started trading this morning at $48.55.   [...]

4/14/14Citigroup Inc (NYSE:C) – Citigroup profit rises on smaller loss from troubled assets (Jutia Group)

[Reuters] - Total net income under Generally Accepted Accounting Principles rose to $3.94 billion, or $1.23 per share, from $3.81 billion, or $1.23 per share. Citigroup shares were up 3.6 percent at $47.32 in trading before the bell, clawing back some of the 9 percent loss since the Federal Reserve rejected its capital plans [...]

4/10/14Market Update (NYSE:C): Amex, Citigroup, Discover win dismissal of card arbitration case (Jutia Group)

[Reuters] - American Express Co, Citigroup Inc and Discover Financial Services won the dismissal of a lawsuit accusing them of colluding to adopt arbitration clauses that prevent credit card holders from pursuing ... Read more on this. Citigroup Inc. (C), valued at $141.51B, started the session at $47.24.   Today’s [...]

4/7/14Citigroup Inc (NYSE:C) – Citigroup Announces Agreement to Resolve Certain Private-Label Securit... (Jutia Group)

[Business Wire] - Citigroup today announced that it has reached an agreement with 18 institutional investors, represented by Gibbs & Bruns LLP, regarding the resolution of certain legacy Securities and Banking private-label securitization representation and warranty repurchase claims. Read more on this. Citigroup Inc. (C), valued at $141.35B, started the session at $47.12. [...]

4/3/14Stock Update (NYSE:C): Citigroup faces criminal probe for fraud at Mexico unit -source (Jutia Group)

[Reuters] - Federal authorities have opened a criminal investigation into a $400 million fraud involving Citigroup's Mexican unit, according to a person familiar with the matter. Citigroup disclosed in February it had discovered at least $400 million in fraudulent loans in its Mexico subsidiary, Banco Nacional de Mexico, known as Banamex, and said employees [...]

3/27/14Citigroup Inc (NYSE:C) | Citigroup Announces $2 Billion Redemption of Trust Preferred Securities (Jutia Group)

[Business Wire] - Citigroup Inc. is announcing the redemption, in whole, of the following three series of its trust preferred securities: Read more on this. Citigroup Inc. (C), with a current value of $144.08B, opened this morning at $47.43.   Looking at the equity, the company's one day range is [...]

3/26/14Market Update (NYSE:C): Mexico Senate creates commission to probe Oceanografia case (Jutia Group)

[Reuters] - Mexico's Senate on Thursday agreed to set up a special commission to investigate Oceanografia, the oil-services company at the center of an alleged fraud that forced Citigroup Inc to trim its 2013 profit. Citigroup said last month it uncovered $400 million in bogus loans to Oceanografia at its Mexican subsidiary, Banamex. Oceanografia [...]

3/18/14Citigroup Inc (NYSE:C) – Citigroup unit to pay $1.1 mln to settle short-selling case (Jutia Group)

[Reuters] - A unit of Citigroup Inc will pay $1.1 million to settle civil charges it violated certain short-selling rules designed to reduce market manipulation risks, a Wall Street-funded regulator and BATS Global ... Read more on this. Citigroup Inc. (C), with a current market cap of $145.39B, started trading this morning at [...]

3/13/14Stock Update (NYSE:C): Fischer defends Citi stint, toes line on Fed policy (Jutia Group)

[Reuters] - Stanley Fischer, President Barack Obama's nominee to be No. 2 at the U.S. Federal Reserve, on Thursday defended his ties to Citigroup, saying he would have been ill-prepared for his last central banking job without his experience at the megabank. "My three years at Citigroup were the most important element in my [...]

3/5/14Market Update: Citigroup Inc (NYSE:C) – Moody’s opts against ratings boost for Citigroup Mexi... (Jutia Group)

[Reuters] - Moody's Investors Service has decided against raising its credit ratings on debt of Banamex, the Mexican subsidiary of Citigroup Inc, because of the bank's disclosure last week of losses on some $400 million on fraudulent loans to an oilfield services company. Positive credit trends at Banamex that on Feb. 12 prompted Moody's [...]

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