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Citigroup, E*Trade, Wilmington Trust
Citigroup reported a loss of $5.1 billion, or $1.02 per share, for the first quarter, its second consecutive quarterly loss.
Report: Citi to sell $12.5 billion of debt
Citigroup Inc. is nearing a deal to sell $12.5 billion of debt to several private-equity firms, according to published reports.
Citi hires exec for Institutional Clients Group
Citigroup has hired Mark Rufeh as CAO and head of productivity for the company’s Institutional Clients Group.
Citigroup a flop, John Reed says
A chief architect of the merger of Citicorp and Travelers Group says that the decision hasn’t benefited shareholders.
Citi settles discrimination suit for $33M
The class action, which was filed in 2005, accused Smith Barney of passing over women when assigning large accounts.
Citi ups Lehman from ‘hold’ to ‘buy’
The upgrade comes after speculation that firm might be the next to fall after the collapse of Bear Stearns.
Citigroup latest target in auction suits
The investors bringing the suit claim that Citigroup had not disclosed the risks inherent in auction backed securities.
Citigroup installs U.S. consumer biz chief
Terri Dial, who would replace Steven Freibergm is currently in charge of Lloyds TSB Group's UK retail-banking unit.
Citgroup settles with Enron creditors
Citigroup has agreed to settle a lawsuit with the now defunct Enron Corp. that will pay creditors of the former energy trading company $1.66 billion.
Report: Citigroup to slash 2,000 jobs
Citigroup plans to lay off 2,000 more bankers and traders before the end of the month, according to The New York Times.
Citigroup taps two to head institutional clients
John Havens and Michael Kleinwill oversee the New York-based bank’s Institutional Clients Group, comprised of its markets & banking and alternative investments units.
Smith Barney brokers skeptical of reorganization
Smith Barney brokers doubt that a recent reorganization of Citigroup's retail-investment businesses will eliminate conflicts between the bank's private-client unit and Smith Barney.
Citi’s Pandit reaping rich rewards
Vikram Pandit, CEO of Citigroup, received $165.2 million when the company bought Old Lane, the hedge fund he co-founded.
Citi boosts muni funds with $1 billion
The funds, sold to wealthy customers under the names named ASTA and MAT, have a total of $15 billion in assets.
Citigroup facing $9 billion in write-downs
The bank is planning to slash more than 30,000 workers over the next two years, according to published reports.
Citigroup to gut its mortgage business
Citigroup Inc. has announced plans to drastically scale down their mortgage business today, according to published reports.
Citi to split up and customize wealth unit
Under the reorganization, the New York-based bank will split the wealth management unit into four segments.
Citigroup still in hot water, Dubai chief says
Analysts have predicted that Citigroup may lose $1.6 billion, or 28 cents per share, in the first quarter.
Hedge fund sues Wachovia and Citigroup
The suits were filed in U.S District Court in Manhattan by the $58 million VCG Special Opportunities Master Fund.
Citi gets a Legg up in SMA account trading
Citi Global Wealth Management will acquire the managed account trading and technology platform of Legg Mason Private Portfolio Group.
