citigroup

Citigroup assigns "buy" rating for Shimao Property

9 Oct 2009 03:40:28 GMT

Citigroup Inc recently assigned "buy" rating for Shimao Property Holdings Ltd<0813>, raising the stock's target price to HK$19.47 from HK$18.55, sources reported.The brokerage said that Shanghai-based Shimao has strong brand name, solid sales performance, good cost control and robust financial position,...

Citigroup retains "buy" rating for China Overseas Land

15 Sep 2009 04:06:55 GMT

U.S.-based financial services company Citigroup Inc recently reaffirmed its "buy" rating for China Overseas Land & Investment Ltd<0688>, a real estate subsidiary of China Overseas Holdings Ltd, raising the stock's target price to HK$19.92 from the previous HK$19.82.Citigroup said that the Hong Kong-listed...

U.S. judge dismisses ARS lawsuit against Citigroup

14 Sep 2009 01:03:24 GMT

NEW YORK, Sept 11 - A U.S. judge on Friday dismissed a lawsuit against Citigroup Inc brought by buyers of auction rate securities, a $330 billion market that collapsed in early 2008. Five consolidated putative...

Japan's failed Joint hires Citigroup as adviser

16 Jun 2009 09:59:13 GMT

TOKYO, June 16 - Japanese apartment developer Joint Corp said in a statement on Tuesday it has hired Nikko Citigroup as a financial adviser to look for an investor after it filed for bankruptcy protection...

Lawsuit against Citigroup over WorldCom kept alive

4 Jun 2009 01:29:23 GMT

NEW YORK, June 3 - A federal appeals court in New York has kept alive a lawsuit against Citigroup Inc and the now-discredited analyst Jack Grubman by investors who said they were bankrupted by losing...

Citigroup exit from Dow cements bank's downfall

2 Jun 2009 01:17:14 GMT

* Citigroup ends 12 years in Dow Jones industrial average * Two traditional commercial banks left in blue-chip index NEW YORK, June 1 - Citigroup Inc's run of ignominy has now come to this: losing...

New Citigroup team to manage big-client relations

7 May 2009 01:32:58 GMT

NEW YORK, May 6 - Citigroup Inc, aiming to coordinate its complex and far-flung businesses with its top customers better, is setting up a group to manage client relationships in corporate and investment banking, according...

Citigroup said to need up to $10 bln - WSJ

4 May 2009 02:58:08 GMT

NEW YORK, May 1 - Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its...

US STOCKS-Wall St flat on outlook worries, Citigroup

20 Apr 2009 01:43:37 GMT

* Market falls as investors fret about outlooks * Citigroup, GE down after quarterly earnings * Nasdaq down 0.8 pct, Dow & S&P turn positive NEW YORK, April 17 - The Dow Jones industrial average...

US STOCKS-Wall St falls on outlook angst, Citigroup

20 Apr 2009 01:40:21 GMT

* Market falls as investors fret about outlooks * Citigroup, GE down after quarterly earnings * S&P 500 and Dow off 0.3 pct, Nasdaq down 0.8 pct * For up-to-the-minute market news click STXNEWS/US NEW...

US STOCKS-Futures flat after Citigroup, GE results

20 Apr 2009 01:33:31 GMT

* Citigroup, GE post better-than-expected earnings * GM CEO to update investors on restructuring * Consumer sentiment data on tap NEW YORK, April 17 - U.S. stock index futures were flat after shares of Citigroup...

US STOCKS-Futures flat after Citigroup, GE results

17 Apr 2009 11:04:58 GMT

NEW YORK, April 17 - U.S. stock index futures were flat to lower after shares of Citigroup and General Electric edged higher following quarterly results from both Dow components. * General Electric Co reported a...

Citigroup may sell more Japan operations-sources

14 Apr 2009 01:18:23 GMT

TOKYO, April 14 - Citigroup has told potential buyers of its Japanese retail brokerage arm, Nikko Cordial, that it may also be willing to sell its investment banking and asset management operations in Japan, four...

Citigroup CEO says plans "to look at everything"

30 Mar 2009 01:23:11 GMT

WASHINGTON, March 27 - Citigroup CEO Vikram Pandit said on Friday that the firm planned "to look at everything" in regards to government rescue efforts, including the plan to buy up the banks' distressed assets....

Mexico bankers urge govt to decide on Citigroup sale

20 Mar 2009 01:34:36 GMT

ACAPULCO, Mexico, March 19 - The head of Mexico's bank association urged the government on Thursday to make a speedy decision about whether Citigroup must sell its prized Banamex subsidiary. Mexican government sources said on...

Citigroup opens 2nd rural lending arm in China's Hubei Province

19 Mar 2009 08:57:39 GMT

Citigroup Inc has set up a new rural lending arm, Hubei Xianning Chibi Citi Lending Co Ltd, in Central China's Hubei Province, the Shanghai Daily reported.The lending arm, which has a registered capital of RMB 17 million, is the group's second rural lending company in the mainland....

Citigroup to sell stake in Japan broker Monex-media

6 Mar 2009 02:15:13 GMT

TOKYO, March 6 - Citigroup plans to sell its 26 percent stake in Japanese online broker Monex Group Inc as part of the struggling U.S. bank's global efforts to raise cash, the Yomiuri newspaper reported...

W.House says gov't move good for Citigroup

2 Mar 2009 01:41:04 GMT

WASHINGTON, Feb 27 - The White House said on Friday the U.S. government's move to increase its stake in crisis-hit Citigroup would put the banking giant in a better position but repeated its stance...

WRAPUP 2-Latest Citigroup bailout may give US 36 pct stake

2 Mar 2009 01:25:50 GMT

* Government to convert up to $25 bln of preferred shares * U.S. stake in Citigroup could rise to 36 percent * CEO says remains in charge, no nationalization * Shares slump 29 percent (Recasts,...

Citigroup may sell Japan investment bank - media

25 Feb 2009 02:07:34 GMT

TOKYO, Feb 25 - Citigroup Inc may consider selling its Japanese investment banking unit, Nikko Citigroup, in addition to the brokerage operations that have already been put up for sale, the Mainichi newspaper reported. Earlier...

Citigroup deploys $36.5 billion, eyes exit on Mets

4 Feb 2009 01:59:45 GMT

Citigroup Inc said it was using $36.5 billion in taxpayer bailout money to boost lending as political pressure intensified for the bank to end a $400 million baseball stadium sponsorship deal...

Citigroup to shed more businesses-source

14 Jan 2009 01:47:00 GMT

NEW YORK, Jan 13 - Citigroup Inc, which said Tuesday it is selling a controlling stake in its retail brokerage business, plans to shed other significant assets and focus on a few main businesses, a...

US STOCKS SNAPSHOT-Wall St slides on Citigroup, profit worry

13 Jan 2009 02:17:17 GMT

NEW YORK, Jan 12 - U.S. stocks plunged on Monday in Wall Street's worst slide in more than a month as investors worried about the outlook for embattled bank Citigroup and expectations of dismal fourth-quarter...

Citigroup drops opposition to mortgage bill - senator

9 Jan 2009 01:55:38 GMT

WASHINGTON, Jan 8 - Citigroup has dropped its opposition to a bill that would allow bankruptcy judges to change mortgage terms, said Sen. Dick Durbin, an Illinois Democrat, on Thursday. Under an agreement, the bill,...

Citigroup cuts holdings in Angang Steel

4 Jan 2009 09:06:05 GMT

Jan. 4, 2009 (China Knowledge) - U.S.-based bank holding company Citigroup Inc has recently cut its shareholding in Angang Steel Co Ltd<000898><347> to 4.98% from 5.67%, according to the Hong Kong Exchange's SDI information.Citigroup sold...

Citigroup pumps $800 mln into S.Korea unit

29 Dec 2008 02:31:00 GMT

Citigroup Inc (C.N) has injected $800 million of new capital into its South Korean banking arm to lift its capital ratio, Citibank Korea said on Monday...

Citigroup says 'core' Japan units not for sale

3 Dec 2008 09:46:35 GMT

TOKYO, Dec 3 - Citigroup Inc said it has no plans to sell its brokerage and investment banking units in Japan, responding to speculation they could be unloaded as part of a global asset sale...

Citigroup says "core" Japan units not for sale

3 Dec 2008 02:16:57 GMT

TOKYO, Dec 3 - Citigroup Inc said it has no plans to sell its brokerage and investment banking units in Japan, responding to speculation they could be unloaded as part of a global asset sale...

Citigroup claims NY Times 'misleading' on Rubin

27 Nov 2008 02:06:27 GMT

Citigroup Inc on Wednesday labeled as "misleading and inaccurate" an article in The New York Times that suggested senior executive Robert Rubin bore significant responsibility for the banking giant's woes.

The Best Big Companies: Citigroup

28 Oct 2008 06:50:28 GMT

Citigroup Inc., doing business as Citi, is a major American financial services company based in New York City, NY...