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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 [...]

3/3/14Citigroup Inc (NYSE:C) – SL Green Consolidates Ownership of Citigroup’s Headquarters Property (Jutia Group)

[at noodls] - SL Green Consolidates Ownership of Citigroup's Headquarters Property New York, NY - March 3, 2014 - SL Green Realty Corp. (NYSE: SLG) The Company announced an agreement to acquire Ivanhoe Cambridge's stake ... Read more on this. Citigroup Inc. (C), valued at $144.43B, started trading this morning at $47.80. [...]

2/28/14Company Update: Citigroup Inc (NYSE:C) – Citigroup Adjusts Fourth Quarter and Full Year 2013 Fi... (Jutia Group)

[Business Wire] - Citi announced today that it is adjusting downward its fourth quarter and full year 2013 financial results, from those reported on January 16, 2014, by an estimated $235 million after-tax as a result of a fraud recently discovered in its subsidiary in Mexico. Read more on this. Citigroup Inc. (C), [...]

2/21/14Company Update: Citigroup Inc (NYSE:C) – Citigroup Statement on Basel III Advanced Approach Rep... (Jutia Group)

[Business Wire] - The Federal Reserve Board has announced that Citi has been approved to exit parallel Basel III reporting for U.S. regulatory capital purposes and transition from the general risk-based capital rules to Basel III “advanced approaches,” effective for the second quarter of 2014. Read more on this. Citigroup Inc. (C), with [...]

2/20/14Citigroup Inc (NYSE:C) – Citigroup, Barclays settle lawsuit over losses tied to Lehman (Jutia Group)

[Reuters] - Citigroup Inc has settled a lawsuit against Barclays Plc in which it sought to recover more than $141 million for providing foreign exchange services to a unit of Lehman Brothers Holdings Inc during the 2008 financial crisis. In a letter filed on Thursday with the U.S. District Court in Manhattan, the banks [...]

2/19/14Company Update: Citigroup Inc (NYSE:C) – Court upholds Citigroup arbitration win over Abu Dhabi... (Jutia Group)

[Reuters] - A U.S. appeals court on Wednesday rejected the Abu Dhabi Investment Authority's effort to void Citigroup Inc's arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals in New York said the sovereign [...]

2/14/14Citigroup Inc (NYSE:C) – Citigroup Inc. Announces Offers to Purchase Three Series of Outstandin... (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 . Read more on this. Citigroup Inc. (C), valued at $150.23B, began trading this morning at $49.59.   Shares have traded today [...]

2/12/14Citigroup Inc (NYSE:C) – Citi Cards CEO Jud Linville to Present at the 2014 Credit Suisse Finan... (Jutia Group)

[at noodls] - New York - Jud Linville, Chief Executive Officer of Citi Cards, will present at the 2014 Credit Suisse Financial Services Forum on Wednesday, February 12, 2014. The presentation is expected to begin at ... Read more on this. Citigroup Inc. (C), currently valued at $151.31B, opened this morning at $49.78. [...]

2/11/14Citigroup Inc (NYSE:C) – Citigroup Inc. Announces Purchase Price and Final Tender Results (Jutia Group)


2/10/14Company Update: Citigroup Inc (NYSE:C) – Citigroup Settles Insurance Lawsuit, Shares Up (Jutia Group)

[Zacks] - Amidst the ongoing investigations and litigation issues in the banking sector by various regulators, Citigroup Inc. (C) has emerged with another settlement. With this move, Citigroup's shares rallied 2.26% ... Read more on this. Citigroup Inc. (C), valued at $149.40B, started the session at $49.55.   Today, shares [...]

2/7/14Citigroup Inc (NYSE:C) – Will This Bank of America (BAC) Upgrade Help Citigroup (C) Today? (Jutia Group)

[at TheStreet] - Bank of America (BAC) has added Citigroup (C) to its "US 1 List" thanks to pullback in the stock that has created an attractive buying opportunity. Bank of America set a $65 target price. Read more on this. Citigroup Inc. (C), valued at $147.92B, opened at $49.09.   [...]

2/6/14Citigroup Inc (NYSE:C) – Interesting Citigroup Put And Call Options For March 14th (Jutia Group)

[at TheStreet] - Investors in Citigroup Inc saw new options begin trading today, for the March 14th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the C options chain for the new March ... Read more on this. Citigroup Inc. (C), valued at $145.71B, opened this morning at [...]

2/5/14Citigroup Inc (NYSE:C) – Citigroup Head of Currencies Anil Prasad to Step Down in March (Jutia Group)

[at Bloomberg] - Citigroup Inc. (C) , the third-largest U.S. bank, said its head of foreign exchange Anil Prasad has decided to leave the bank to “pursue other interests.” Prasad will work through March and a successor ... Read more on this. Citigroup Inc. (C), valued at $141.95B, opened this morning at $46.76. [...]

2/4/14Stock Update: Citigroup Inc (NYSE:C) – Why banking and work-life balance don’t mix (Jutia Group)

[at Fortune] - By Sanjay Sanghoee Citigroup, the nation's third-largest bank, is giving its junior bankers a break from Wall Street's infamously rigorous work hours. In a memo last week, the bank told its underlings ... Read more on this. Citigroup Inc. (C), currently valued at $141.75B, started trading this morning at $47.00. [...]

2/3/14Citigroup Inc (NYSE:C) – MOVES-Citigroup, Standard Chartered, RBC Wealth Management (Jutia Group)

[Reuters - UK Focus] - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email ** CITIGROUP INC The bank named James Bardrick, one of ... Read more on this. Citigroup Inc. (C), with a current market cap of $140.77B, started the session at [...]

1/31/14Company Update: Citigroup Inc (NYSE:C) – Citigroup Debate Continues as Global Fears Extend (Jutia Group)

[at TheStreet] - European and Asian markets were very weak on Friday, as investors continued to worry over emerging-market and European economies, which is especially important to Citigroup. Read more on this. Citigroup Inc. (C), valued at $145.22B, began trading this morning at $47.51.   A quick look at the [...]

1/30/14Citigroup Inc (NYSE:C) – Wells Fargo (WFC) Cuts Citigroup (C) From Priority Stock List (Update) (Jutia Group)

[at TheStreet] - Wells Fargo (WFC) cut Citigroup (C) from its Priority Stock List. The firm stated that Citigroup is leveraged to slower emerging market growth. Read more on this. Citigroup Inc. (C), with a current market cap of $145.64B, opened this morning at $48.46.   During the trading session, [...]

1/29/14Citigroup Inc (NYSE:C) – Citigroup Expands in Europe Energy Markets as Banks Retrench (Jutia Group)

[at Bloomberg] - Citigroup Inc. (C) is increasing its gas and power business in Europe as competitors from Bank of America Corp. (BAC) to Morgan Stanley (MS) withdraw amid tighter regulation and staff cuts at utilities. ... Read more on this. Citigroup Inc. (C), currently valued at $147.82B, started trading this morning at [...]

1/24/14Citigroup Inc (NYSE:C) | Stop Buying Citigroup Shares, Says Analyst (Jutia Group)

[at TheStreet] - Atlantic Equities analyst Richard Staite cuts his price target and earnings estimates for Citigroup, while lowering his rating on the stock to 'neutral.' Read more on this. Citigroup Inc. (C), currently valued at $149.90B, opened at $50.05.   During the trading session, C traded between $49.29 to [...]

1/23/14Company Update: Citigroup Inc (NYSE:C) – Citigroup Will Trim Korea Branch Network in 2014, Gers... (Jutia Group)

[at Bloomberg] - Citigroup Inc., whose international consumer bank is the largest among U.S. lenders, will stop running Korean branches that aren’t around large cities, Chief Financial Officer John Gerspach said. Read more on this. Citigroup Inc. (C), currently valued at $153.80B, began trading this morning at $51.65.   Looking [...]

1/22/14Company Update (NYSE:C): Bankers Urge Britain to Remain Part of European Union (Jutia Group)

[at New York Times] - Though there is ample popular sentiment in Britain for withdrawing from the European Union, the British Bankers’ Association and Citigroup are supporting keeping the country as part of the bloc. Read more on this. Citigroup Inc. (C), valued at $157.17B, started the session at $52.01.   [...]

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