Citigroup Gains Buoy Markets; Dow Up 44.51

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News Media

JPMorgan, Citigroup Helped Cause Lehman’s Collapse – BusinessWeek
March 11 (Bloomberg) — JPMorgan Chase & Co. and Citigroup Inc. helped cause the collapse of Lehman Brothers Holding Inc. …

Business Highlights – The Associated Press
___ Citigroup CEO says bank on path to profitability NEW YORK (AP) — Citigroup Inc. is poised to return to "sustained profitability" as it sheds risky …

Citigroup Sells $2 Billion of TruPS With 8.5% Yield – BusinessWeek
March 10 (Bloomberg) — Citigroup Inc. sold $2 billion of 30-year trust preferred securities with an initial 8.5 percent yield, …

S&P Closes at 17-Month High Above 1150 – CNBC
Bailout stocks Citigroup and AIG continued to push higher. Initial jobless claims fell by 6000 last week; economists had expected claims to drop by 8000. …

BofA retirement business winning clients – CEO – Reuters
Moynihan, speaking at Citigroup's Financial Services Conference on March 10, said the bank's institutional retirement unit has won the rights to administer …

EMI turnaround plan hitting all the wrong notes – Globe and Mail
If they balk, EMI will go into default and almost certainly become a ward of its main creditor, Citigroup. Rival Warner Music, led by Edgar Bronfman Jr., …

S&P Reiterates Hold on Citigroup – Barron’s (blog)
Standard & Poor's analyst Matthew Albrecht today reiterated a hold rating on shares of Citigroup (C) following a big run-up yesterday and …

The close: Upbeat Citigroup lifts financials – Globe and Mail (blog)
Citigroup Inc. scored some of the biggest gains within the group after its chief executive gave a bullish forecast for the bank this year. …

Japan Yield May Reach December Low on Deflation, Citigroup Says – BusinessWeek
… level since December, as the economic recovery slows, deflation lingers and interest rates stay near zero, Citigroup Global Markets Japan Inc. said. …

Citigroup: Breaking News

Citigroup CEO Says Bank On Path To Profitability
Citigroup CEO says bank on path to profitability.

Citigroup In Settlement On Checking Account Fees
Citigroup in settlement on checking account fees.

Feds lose $1.5B on Citigroup stake
President Obama fired a $1.5 billion shot into his own foot. His overhaul plan for Wall Street triggered global routs yesterday for panicked investors holding banking stocks — including Uncle Sam, the largest shareholder of Citigroup. The government’s 27 percent stake in the ailing bank, which it got….

Citigroup posts $7.6 billion quarterly loss
Citigroup says it lost $7.58 billion during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid its government bailout money..

Citigroup Loses $7.6B in 4Q as It Repays TARP
Citigroup’s loan losses start to decline but loses $7.6B as it repays bailout..

Citigroup Loses $7.8B In 4Q
Citigroup loses $7.6B in 4Q as it repays TARP.

Stocks Zigzag After Citigroup Disappoints
Stocks point higher ahead of rush of earnings.

Citigroup posts $7.6B loss
Citigroup said Tuesday it lost $7.58 billion US during the final three months of 2009 as U.S. consumers still struggled to repay loans and the bank repaid its government bailout money..

Citigroup announces $1.6bn loss for 2009
¢ Investment banking at Citigroup make $7.1bn annual profit¢ Bailout repayments push Citigroup to $7.6bn last-quarter lossThe sprawling American financial services company Citigroup suffered a $1.6bn (£1bn) loss for 2009 but said it had made “enormous progress” in recovering from the brink of collapse.The bank’s year-end deficit was a significant improvement on its $27.7bn loss for 2008. At the height of the global financial crisis, the US government was obliged to pump $45bn into Citigroup to keep the firm in business and American taxpayers were eventually left with an ownership stake of 34%.Citigroup’s results show a recovery led by the firm’s Wall Street investment banking arm. Profits from brokerage and asset management were $7.1bn, compared with a $764m loss a year ago.Citigroup nevertheless made a $7.6bn loss in the final quarter of the year, depressed by the $6.2bn cost of repaying some of the emergency bailout money it received from the US government.”It was our responsibility to get our own house in order,” said Citigroup’s chief executive, Vikram Pandit. “We greatly improved Citi’s capital strength, reduced the size and scope of the company and refocused our business strategy to take advantage of our unmatched global network.”Citigroup has cut its global workforce by 100,000 people, partly by offloading large chunks of its business including a deal to hive off its Smith Barney brokerage arm into a joint venture with Morgan Stanley. It has divided its assets, putting its promising divisions in a business called Citicorp and its more troublesome “legacy” operations into an entity known as Citi Holdings.In pre-market trading before the official opening of the New York stock exchange, the results sent Citigroup’s shares down by just over 1%.Pandit, who has committed himself to working for a nominal salary of one dollar annually until Citigroup returns to sustained profitability, said he believed he had repositioned the bank for revival: “I believe we are positioned for long-term success, and have a strategy that combines our international footprint, global talent and unique capabilities to serve our clients and customers here and around the world.”CitigroupBankingVikram PanditCredit crunchGlobal recessionUnited StatesAndrew Clarkguardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds.

Citigroup: We Lost $7.58B at end of 2009
Says $6.2 Billion in Losses Tied to Repaying Government Bailout Money.

Recent Twitter Posts on Citigroup

Citigroup led financial shares to biggest gain among 10 industries in the S&P 500, surging 5.6% as CEO Vikram Pandit says profits returning
Citigroup Gains Buoy Markets; Dow Up 44.51 http://bit.ly/c1RIfK
Citigroup ” mortgage layoffs reported http://snipurl.com/uliqr
sharpeinvesting Citigroup, BofA, JPMorganÃ¢ï¿½ï¿½s Idle Cash Drags on Profit – http://bit.ly/dfPPLV
Bloomberg: JPMorgan, Citigroup Helped Cause Lehman’s Collapse (Update5) — http://ow.ly/1hznx
New blog posting, Citigroup Gains Buoy Markets; Dow Up 44.51 – Wall Street Journal – http://tinyurl.com/y8gxmoc
Citigroup ” to layoff 2000 investment bankers/traders http://bit.ly/a1Uz9
JPMorgan, Citigroup blamed in Lehman’s collapse http://ff.im/-hmlsT
US shares rose after Citigroup CEO, Vikram Pandit said the bank was on a path toward "sustained profitability" as it sells off risky assets.
JPMorgan, Citigroup Helped Cause Lehman’s Collapse, a report finds. http://ow.ly/1hz9l
Citigroup ” to cut 50,000 jobs http://bit.ly/a1Uz9
Citigroup ” mortgage layoffs reported http://bit.ly/a1Uz9
JP Morgan and Citigroup contributed to Lehman’s collapse, says US examiner – http://bit.ly/d69nti
JPMorgan, Citigroup blamed in Lehman’s collapse – http://bit.ly/cz9h1L

Popular News for Citigroup

Treasury Official: Aid to Citigroup Was Necessary – WSJ.com
Treasury: Citi Aid Was Necessary: The U.S. government’s $45 billion investment in Citigroup was necessary to prese… http://bit.ly/9CiDqi

BUSTED: Citigroup Caught BLATANTLY Advertising Itself As A Casino
In the course of getting to know the online forex landscape, we came across the following.That’s right. When you do a search for "Casino Bonanza Online" you get two ads for online casino-based sites, but the very first is an add for CitiFXPro.com, which is, yes, a retail Forex trading site run by Citi.Now, it’s not really shocking that a multi-headed behemoth as big as Citigroup (C) has a retail…

Citigroup chief thanks taxpayers for $45-billion bailout – latimes.com
Make$Video, cool – Citigroup chief thanks taxpayers for $45-billion bailout http://bit.ly/9tV34g

Citigroup shares: No longer toxic– – Mar. 9, 2010
Citigroup shares: No longer toxic– http://bit.ly/bxW1o5

Citigroup shares: No longer toxic– – Mar. 9, 2010
Citigroup shares: No longer toxic– http://bit.ly/cg3Uec