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Citigroup in for more woe, analyst says
The bank may lose $1.6 billion in its first quarter, according to Meredith Whitney of Oppenheimer.
Legg Mason, Citibank team to offer funds to Chinese investors
Legg Mason Inc. has partnered with Citibank (China) Co. Ltd. to launch mutual funds designed for retail investors in China.
Citigroup Global Services sale on hold
Citigroup was close to signing a deal with Genpact but the deal was cancelled after the two companies couldn't agree on a price.
Report: Citigroup to hold on to Smith Barney
Citigroup CEO Vikram Pandit will not be selling retail brokerage units like Smith Barney, CNBC reported.
Investment banks’ climate change agenda falls short
Despite initial efforts to address climate change, U.S. brokerage firms have further to go, according to a recently released study.
Wachovia unit targets lawyers in California
In a bold bid to bolster its presence in the fragmented and lucrative California wealth management market, Wachovia Corp. is targeting wealthy attorneys, a traditional source of strength for rival Citigroup Inc. in that state.
For mutual funds the scandal is what has remained legal
One very large player figured only marginally in the scandals of the 1990s — the $7 trillion mutual fund industry.
Citigroup eyes venture with China
Citigroup is gearing up for a joint venture with Central China Securities Holdings Co., to earn fees from underwriting Yuan-denominated sales of shares.
Hobbled Citigroup forges on in China
Troubles in the subprime-mortgage market not will stop the bank's expansion plans in China, said Citigroup China's CEO.
Citigroup posts ‘unacceptable’ loss
The bank lost $10 billion in the fourth quarter and received a $12.5 billion in cash from a number of sources.
CtW challenges Citigroup directors
A coalition working on behalf of shareholders will urge Citigroup shareholders to reject board members of the bank.
Citigroup may face $24 billion write-down
The firm could also slash as many as 20,000 jobs as part of a plan to cut costs and raise capital, according to CNBC.
Citi takes another hit ahead of earnings
Merill Lynch analyst Guy Mosckowski joined a slew of others in estimating fourth-quarter writedowns at the bank that far exceed its $11 billion projection.
Don Callahan named CAO of Citi
He fills the vacancy created when David Bushnell retired in November after two months as chief administrative officer.
Citi to the rescue of at-risk SIVs
Citigroup will bail out the seven structured investment vehicles it advises, providing the SIVs with a support facility.
Morgan recommends shorting Citi stock
Morgan analyst Betsy Graseck warned that Citigroup's new CEO, Vikram Pandit, a former Morgan Stanley president, will likely slash Citi’s dividend nearly in half.
Odds-on favorite named Citigroup head
Citigroup today named Vikram Pandit, the head of its investment banking business, as its chief executive officer.
Citigroup makes its Metalmark
Citigroup has acquired Metalmark Capital Partners, a private equity firm created by former Morgan Stanley executives, for an undisclosed amount.
