Displaying 399 results
Merrill plans $10 billion ARS buyback
The nation's largest brokerage firm will buy securities held by 30,000 clients.
SEC settles with Citigroup over ARS
The Securities and Exchange Commission has announced a “preliminary settlement” with Citigroup.
Citigroup in negotiations related to ARS
Citigroup is negotiating with regulators to buy back $5 billion in illiquid auction rate securities from investors and pay a fine of as much as $100 million.
N.Y. to move against Citi for ARS fraud
The state of New York will bring legal action against Citigroup, accusing the bank of fraudulently selling auction rate securities and destroying documents that had been subpoenaed by the state.
Citigroup rebuffs calls for breakup
The bank has brushed aside calls for the breakup of the bank, claiming that it has enough liquidity to avoid such a fate.
Top Citi executive steps down
Michael Klein, vice chairman of Citigroup and chairman of its institutional-clients group, is leaving after 23 years.
Citi beats Street, Merrill mauled
Citigroup lost $2.5 billion in the second quarter while Merrill Lynch was down $4.65 billion.
Back to the future for Citigroup
Shares of Citigroup Inc. fell today to the lowest point since the company was formed in October 1998.
Citigroup unloads German bank
Citigroup is selling its German retail-banking operation to Paris-based Credit Mutuel for $7.7 billion.
Goldman predicts write-downs for Citigroup
Goldman Sachs Group Inc. of New York predicted yesterday in a research note that Citigroup Inc. might record $8.9 billion in fresh write-downs in the second quarter.
Citigroup to close Old Lane hedge fund
The bank will purchase the assets of the struggling fund, formerly run by Vikram Pandit, from investors.
Structured market leery of open systems
Open architecture has been slow to come to the structured products market.
Citi to take more active role in SMAs
For the first time, starting in July, Citigroup Inc.'s managed-account platforms will start advising Smith Barney reps and Citi private bankers on when to buy and sell specific money managers and mutual funds for their clients.
Re-caffeinated Citi revives ad campaign
Tweaking its slogan from the 1970s, Citigroup Inc. launched its “Citi Never Sleeps” campaign.
Citi to sell $500B worth of ‘legacy’ assets
The cuts, accounting for about 22% of the bank’s total assets, were announced by Citigroup CEO Vikram Pandit.
Citi and UBS wealth units tough it out
Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.
Citigroup to sell $4.5B of stock
The transaction also includes an over-allotment option of up to 17.8 million additional shares of common stock.
Deutsche eyes Citi’s European bank
Deutsche Bank has expressed interest in purchasing Citigroup’s European consumer-banking business.
Citi annual meeting: It’s Pandit-monium!
Angry Citigroup shareholders lashed out at Citi CEO Vikram Pandit at the bank's annual stockholders' meeting.
Auction rate securities class actions are filed
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
