Citigroup

As Citigroup earnings posts better than forecast earnings, the USD took off across the board.  With a lack of major data planned for today, we’ll see if the USD can hold these gains. Citigroup posts $2.5 billion second-quarter loss Mortgage Giant Freddie Mac Considers Major Stock Sale Merrill Lynch Posts Fourth Straight Quarterly Loss Google, Microsoft Slide; Earnings Show [...]

LONDON, July 18 (Reuters) - Stocks trimmed earlier losses and the dollar rose while European government bond futures hit session lows on Friday after Citigroup (C) reported better-than-expected results for the second quarter. Citi reported a second-quarter loss per share of $0.49, higher than forecasts of around $0.61-67. It took credit costs of $7.2 billion [...]

Reports Q2 (Jun) loss of $0.49 per share from continuing operations, $0.17 better than the First Call consensus of ($0.66); revenues fell 29.2% year/year to $18.65 bln vs the $17.55 bln consensus. Co said that results in the core franchise were offset by write-downs and credit costs. Results include $7.2 billion in pre-tax write-downs in [...]

NEW YORK (MarketWatch) - Citigroup, the nation’s largest bank by assets, said on Friday that it lost money for the third consecutive quarter after writing down $7.2 billion of investments. The company said it lost $2.5 billion, or 54 cents a share, compared to a profit of $6.23 billion, or $1.24 a share. On a continuing operations basis, the [...]

Citigroup's (C) CEO, Vikram Pandit, wasted the time of three dozen or so of his top executives. He took them on a retreat and laid out what he called “Rules of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Student Loan Corp, a division of Citibank, plans to cut 89 jobs from its Perinton operation, the company said Thursday.The jobs represent almost one-quarter of Student Loan's local employment and their elimination is part of a company-wide restructuring and cost-cutting effort. Overall, 174 jobs are being cut, including some at Student Loan headquarters in Stamford, Conn., and at Citibank in South

Shareholders at Citigroup (C) have been begging new management to auction off as much of the bank as the new CEO can find. They reckon that is the only way to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Emisora: CitigroupClave: CAsunto: Compra especulativaHorizonte de inversión: Corto plazoEvento a seguir: Rebote técnico/doble fondoStoploss: USD$16.25/$170.00Objetivo: USD$22.60/$235.00Riesgo: Muy AltoNuevamente, las opciones riesgosas nos tientan... El día de hoy Citigroup tuvo una jornada positiva, durante la cual logró acumular una ganancia intradía de casi 4%. Su comportamiento parecía m

Citigroup (C) has decided to change its bonus structure so that senior management will be paid on the results of the entire bank instead of the success of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By Philip AldrickLast Updated: 12:01am BST 28/06/2008Barclays' £4.5bn fundraising falls about £9bn short of what is necessary to absorb credit-related writedowns and bring the bank's capital in line with European peers, Citigroup claims in a note to clients.The British bank's shares came in for more heavy selling following the note, dropping to 289½p at one stage yesterday before ending the day

Goldman Sachs researchers have decided that Citigroup (C) could lose another $9 billion in the second quarter. The big money center bank does not have that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup announced today plans to cut nearly 10 percent of all of its investment banking jobs. The cut effects over 6,500 current employees. Despite over $15 billion in write downs, the company is expected to release billions more in losses when it reports its second quarter earnings.

Citigroup (C) came clean about what everyone with any sense already expected. Write-offs at the money center bank are not over. According to The Wall Street... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Emisora: CitigroupClave: CAsunto: VentaHorizonte de inversión: Corto plazoEvento a seguir: Confirmación de doble fondoStoploss: USD$18.65/$190.00Objetivo: USD$27.00/$280.00Riesgo: AltoACTUALIZACIÓN19-Jun-2008.- Ante las nuevas noticias de que Citi podría registrar "sustanciales" amortizaciones emandas de la crisis hipotecaria, tomamos pérdidas en C. Además, con la baja de hoy, el doble fond

Citigroup Hedge FundCitigroup Hedge Fund FailureIn a ironic turn of events super-bank Citigroup has decided to close down the hedge fund which current CEO Vikram Pandit founded and sold to Citigroup less than a year ago.“Clients have gotten more selective,” Ned Kelly, Citigroup’s new head of alternative investments, told DealBook. “They want discrete hedge fund strategies and it is easier

Ethanol stocks appear to be under pressure this morning. Citigroup has downgraded the group to a SELL rating, partially based upon the Midwest flooding.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

One of the hedge funds that Citigroup (C) bought from its CEO Vikram Pandit's money management company, an operation called Old Lane, has gone belly-up. Pandit... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Meredith Whitney of Opperheimer covers financial stocks, but she clearly hates them. At least for the time being. She is no making the point that as MBIA (MBI)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup Receives 1st Round Of Bids For Primerica -Reuters Last Update: 6/6/2008 12:32:38 PM DOW JONES NEWSWIRES Citigroup Inc. (C) has received its first round of bids for its Primerica unit, Reuters reported Friday, citing sources. The unit has drawn interest from life insurance and private equity companies. The value of the unit is about $7 billion and a deal could [...]

S&P affirmed its ‘AA-/A-1+’ credit rating on Citigroup Inc. and its ratings on Citigroup’s units. Standard & Poor’s also said that it removed all these ratings from CreditWatch, where they were placed on April 15, 2008, with negative implications. The outlook on all these companies is negative. “Despite the challenges facing Citigroup over the next [...]

The Ho Chi Minh City Stock Exchange announced on its website that Citigroup Global Market Ltd. and Citigroup Global Market Financial Product Ltd. had bought 27,030 shares in Seafood Joint-Stock Company No. 4 (TS4) to raise their stake to 14.29% from 13.97%. The US bank’s subsidiaries had also cut their holdings in... [[ This is a content summary only. Visit my website for full links, other con

Citigroup To Shut 2 UK Personal Loan Ops; May Cut 650 Jobs Last Update: 5/19/2008 5:11:25 PM LONDON (AP)–Citigroup Inc. (C) will close two of its U.K. personal loan operations and could cut more than 650 jobs, the embattled banking giant said Monday. Citi UK said that from Wednesday it will also stop offering loans through its Future Mortgages and CitiFinancial [...]

First Resources rose as much as 6.2 percent after Citigroup said in a broker note it expects the firm to post a strong first-quarter net profit. Shares of the Indonesian-based plantation firm... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SINGAPORE, May 12 (Reuters) - First Resources rose as much as 6.2 percent after Citigroup said in a broker note it expects the firm to post a strong first-quarter net profit. Shares of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CEO Vikram Pandit plans to reduce its current assets by nearly $400 billion within the next three years. The will make Citigroup no longer be the largest bank. The bank currently owns around $2.2 trillion in assets, and has already announced plans to reduce its assets by $65 billion.

A few years from now we will be discussing how wise it was for Pandit to come into Citi and not immediately begin to run around selling assets and chopping head. With the street screaming for the bank to be instantly broken into pieces, Pandit instead stuck to a very measured plan of selling inconsequential assets, raising capital and doing a thorough top to bottom review. Now, the downside to that is the stock stays stagnant or drops as impatient investors sell wanting satisfaction... Continued at Todd Sullivan's ValuePlays

Citigroup Considers $400-Billion Asset Sale - FT Last Update: 5/8/2008 8:08:59 PM DOW JONES NEWSWIRES Citigroup will on Friday identify as much as $400 billion in non-core assets that could be sold as part of plans to reduce costs and restore profit growth to double-digit rates, according to people close to the situation, the Financial Times reported on its Web site [...]

Moody’s has downgraded the ratings of 45 tranches from 13 Alt-A transactions issued by Citigroup Mortgage Loan Trust. Seventeen tranches remain on review for possible further downgrade. Additionally, 27 tranches were placed on review for possible downgrade. The collateral backing these transactions consists primarily of first-lien, fixed and adjustable-rate, Alt-A mortgage loans. The ratings were [...]

Citigroup says most Old Lane investors to withdraw By Andria Cheng, MarketWatch Last Update: 1:37 PM ET May 3, 2008 NEW YORK (MarketWatch) — Banking giant Citigroup Inc. said most of the unaffiliated investors in its Old Lane hedge fund will opt to withdraw their investments. In April, almost all of the unaffiliated investors had notified Old Lane of their intention to [...]

Late word is that the hedge fund business that Citigroup (C) CEO Vikram Pandit sold to the bank for $800 million has lost a huge amount of its value. All of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

This position will be primarily responsible for UAT Services with 3 years of experience in Application Testing especially web applications. The responsibilities are as follows: Create and maintain... For more info on latest job openings and other career related information visit my site

Citigroup to raise $3 billion selling new stock By Alistair Barr, MarketWatch Last Update: 7:58 PM ET Apr 29, 2008 SAN FRANCISCO (MarketWatch) — Citigroup Inc. said late Tuesday that it is raising $3 billion selling new shares as the financial-services giant tries to rebuild capital after huge losses from the credit crunch. Citi (C) said that the offering of new [...]

The promise from Wall St. firms was implied, not spoken. The heads of operations like Morgan Stanley (MS) and Merrill Lynch (MER) said that the worst was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup (C) started two hedge funds last year and sold interests in them to well-off retail investors. What those people were not told is that the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The New York Times Citigroup’s directors have been re-elected, but they were shelled with criticism at Tuesday’s annual meeting of shareholders, whose stock in the bank has lost half its value since they convened a year ago. The shareholder meeting was the first for Vikram S. Pandit as chief executive. Citigroup brought him in last summer when it bought his hedge fund, and then promoted him in December to succeed the ousted Charles O. Prince III. Last year “was a year of disappointments for Citi,” Mr. Pandit told shareholders Tuesday, referring to the mortgage crisis that led to deep losses for the banking industry. Bad investments in mortgages and other types of loans have forced Citigroup to write down the value of its assets by some $38 billion over the last three qua

Whenever you happen to be an investor in the business world, one of the worst positions that you can find yourself in is the position where you are actually hoping for a loss. The reason that this is bad should be self-evident, but what is perhaps not as obvious is that the reason you [...]

Things were bad at HP (NYSE: HPQ) three or four years ago. The company's stock did fall from $25 in early 2004 to $16.50 that August. The computer firm ended... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NEW YORK, Apr 21, 2008 (BUSINESS WIRE) — The Board of Directors of Citigroup (C) today declared a quarterly dividend on the company’s common stock of 32 cents per share, payable on May 23, 2008, to stockholders of record on May 5, 2008. The Board also declared dividends on preferred stock as follows: - 6.5% Non-Cumulative Convertible Preferred Stock, [...]

Parmalat To Ask $16B Damages From Citigroup In Parma Case-Atty Last Update: 4/21/2008 3:46:56 PM ROME (AP)–A lawyer for Parmalat SpA (PLT.MI) said the dairy giant will seek damages for more than EUR 10 billion ($16 billion) from Citigroup Inc. (C) after a court allowed the Italian company to attach a lawsuit to a criminal trial in Parma. Lawyer Marco De [...]

Stocks face more earnings with newfound optimism Friday rally leads market to top its February highs; Apple, BofA results on tap By Nick Godt, MarketWatch Last Update: 7:18 AM ET Apr 19, 2008 NEW YORK (MarketWatch) — U.S. stocks will enter the coming week with newfound optimism, after a spate of quarterly results from ailing financial firms failed to spook jaded [...]

Citigroup reported the results for the first quarter of 2008 , no idea why the stock went up with such a bad performance in 1st quarter, Here is some details of what they gave as results Result update >$5.1billion net loss, >$15 billion in new write-downs and costs as well as a 48% drop in revenue. >9,000 jobs would [...]

Citigroup has suffered a second massive loss and is cutting 9,000 jobs as the credit crisis continues to take its toll on the biggest US bank. It made a loss of $5.11bn (£2.7bn) in the first quarter, although this was smaller than the $9.8bn loss reported in the final three months of 2007. The results included about $12bn of write-downs for sub-prime mortgages and other risky assets. Citigroup employs about 369,000 people worldwide, including 11,000 in London. The job cuts are on top of 4,200 layoffs announced in January. Lenders worldwide have written off more than $200bn hit by the credit crisis. "Our financial results reflect the continuation of the unprecedented market and credit environment," said Citigroup chief executive Vikram Pandit. Only Switzerland's UBS has reported b

A plan seems to be emerging from Citigroup (C). If nothing else, the credit situation was not a worse as people feared. Citigroup reported a net loss of $5.1 billion, or $1.02 a share, for Q1 with more than $10 billion of write-downs. Revenue fell 48% to $13.22 billion. They took $6 billion of pretax write-downs and credit costs on sub-prime loans. The firm also announced write-downs of $3.1 billion on funded and unfunded highly leveraged finance commitments, a downward credit value... Continued at Todd Sullivan's ValuePlays

 Today citigrooup said, it lost US$ 5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio. Write-downs related to mortgages and turmoil in the credit markets reached about $12 billion.

Citigroup reports another quarterly loss after getting slammed by souring debt NEW YORK (AP) — Citigroup Inc. said Friday it lost $5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio. Write-downs related to mortgages and turmoil in the credit markets reached about $12 billion. The [...]

Of all the financial firms which are to report earnings this season, Citigroup (NYSE: C) may have been the most important. The rumors about the bank have been... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup’s real estate arm is set to invest around Rs 400 crore ($100 million) in Bangalore-headquartered Golden Gate Properties for about 10% stake, sources said. The deal is expected to value the tier-II real estate firm at a little over $1 billion....(read more)

The auction-rate market, created in 1985, has fundamentally shut down since February sticking individual investors and corporations with the "near cash"... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

It is one thing for Citigroup (NYSE: C) to sell $12 billion in leveraged corporate loans to private equity firms and even lend part of the money for the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

With all of the write-offs it has taken in the past and all those it is likely to take in the future, the market rubbed more salt in the wounds of Citigroup... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup (NYSE: C) is expected to post write-downs of as much as $12 billion in first quarter and have a loss of over $3 billion. Merrill Lunch (NYSE: MER)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup (NYSE: C) cannot syndicate its EMI loan, AMD (NYSE: AMD) has lost its CTO, Fedex's (NYSE: FDX) CEO sees a slowdown in the economy, and Nokia (NYSE:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SAN FRANCISCO (MarketWatch) — Citigroup Inc. will not be selling debt from EMI Group in a planned sale of other debt because of concerns over the music company’s restructuring, The Wall Street Journal reported on its Web site late Friday, citing people familiar with the situation. Citigroup was part of a group of banks that helped London private-equity firm [...]

Citigroup (NYSE: C) seems to have come up with a deal to sell over $12 billion in problem corporate debt, some of it likely from LBO transactions. The buyers... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup Inc (C.N:Quote, Profile, Research), the largest U.S. bank, is close to selling about $12 billion of leveraged loans and bonds to a group of private equity firms, people familiar with the situation said on Tuesday. The sale would be to private equity firms including Apollo Group, Blackstone Group LP (BX.N: Quote, Profile, Research) and TPG, at an average price slightly [...]

Citigroup (NYSE: C) is near a deal to sell $12 billion of problem corporate debt to a group of private equity firms. According to The Wall Street Journal the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup Confirms It Will Close 10 Connecticut Branches >C Last Update: 4/8/2008 6:24:34 AM WATERBURY, Conn. (AP)–Citigroup Inc. (C) is confirming plans to close 10 Connecticut Citibank branches beginning in July, trimming the number of branches it has in the state by a third. A Citigroup spokesman says the branch closings could cause between 100 and 120 Citibank employees to lose [...]

There has been a bunch of commentary about Citigroup (C) now that the 10th anniversary of the merger between Travelers and Citicorp that created the behemoth is upon us. The commentary has fallen into 2 camps: 1- Better management can fix the "Financial Super-Market" and right the ship. 2- It has been a mistake since day one and need to be broken up. Let's ignore the performance of the stock vs. the S&P since we all know that price performance and success or failure are not necessarily a... Continued at Todd Sullivan's ValuePlays

Citigroup (C) is showing initial strength on the daily chart and may be ready to try for a reversal. Price is struggling to break above the 50 period moving average, which has served in the past as key resistance. Price remains in a strongly confirmed downtrend, but a recent increase in momentum may be a [...]

John Reed calls Citigroup deal a mistake Ten years on, Reed blasts ‘product pushers’ By MarketWatch Last Update: 7:05 AM ET Apr 4, 2008 LONDON (MarketWatch) — Ten years on from the $166 billion deal that created Citigroup, one of its architects is expressing regret. John Reed told the Financial Times in an interview that the deal to create Citigroup (C) was [...]

La correduría Citigroup dijo que probablemente el gigante del software estadounidense Microsoft Corp. subirá su oferta de 31 dólares por acción por la empresa de medios de internet Yahoo Inc. y elevó su recomendación sobre los títulos de Yahoo a “comprar,” desde “mantener.” La correduría también incrementó su precio objetivo para la acción de Yahoo a [...]

  Citigroup said it is likely Microsoft Corp will raise its $31-per-share offer for Yahoo Inc and upgraded Yahoo shares to “buy” from “hold.” The brokerage also raised its price target on Yahoo’s stock to $34 from $31, saying it believed Microsoft remained committed to its offer and “is capable of and willing to” increase that bid [...]

Not that long ago I wrote about how Egg bank in the U.K., a part of Citigroup, had kicked 161,000 cardholders to the curb and terminated their credit cards. For many the only crime they were guilty of was paying thei credit cards in full and not making Egg more money. As even an unborn child [...]

"The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."--The London Observer, March 23, 2008... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup Inc. plans to lay off an additional 2,000 employees from its markets and banking unit, and in this latest round of job cuts, senior investment-banking officials won’t be spared, according to two people with knowledge of the decision. The latest round of job cuts at the New York-based bank brings its layoffs since the mortgage [...]

Citigroup announced that it was cutting an additional 2,000 new jobs in its investment banking division. The largest U.S. bank has been experiencing significant drops in revenues due to its credit problems and large exposure to sub-prime lending.

With Citigroup's (NYSE: C) shares off from $55.55 to under $19 and concerns that it cannot weather another round of write-downs which may be coming for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup (NYSE:C) will probably looking be looking for merger partners now that its stock is down to under $19 from a 52-week high of $55.55. The first choice... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NEW YORK - Citigroup believes the Federal Reserve will lower the benchmark US federal funds target rate by at least 100 basis points at its policy-setting meeting in a bid to stabilise financial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup Sees Fed Lowering Funds Rate By 1 Point Next Week Last Update: 3/14/2008 4:44:13 PM DOW JONES NEWSWIRES Citigroup Inc.’s (C) U.S. economists said Friday they anticipate Federal Reserve policy makers will lower the fed funds rate by 100 basis points to 2% next week, from the current 3%, “and more cannot be ruled out.” Economists led by Robert DiClemente [...]

Análisis y gráficos de Iberdrola a 11 de Marzo de 2008. Pincha en las imágenes para ver los graficos ampliados. Da la impresion que en el mercado energetico español se ha abierto la veda, ni del ciervo, ni del conejo, ni del jabali, se ha abierto la veda de los corderos representados por las empresas energeticas de nuestro pais y que duda cabe que los lobos estan al acecho.Hace aproximadamente

Shares of Citigroup (NYSE: C) have done what some would have thought impossible. Last year that $40.00 floor was the imaginary hurdle, then $30.00 became the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The first quarter should be another brutal right of passage for big investment banks. Citigroup is forecasting that they will have to write-down another $9... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Down another 4% today, Citigroup is now 61.3% below its 52-week high reached in May 2007. As shown below, this is the furthest Citi has traded below its 52-week high since at least 1986. Many investors are likely familiar with prior ...

Financial News Online Citigroup is cutting residential mortgage assets by $45bn (ˆ29bn) and costs by $200m at the same time that Merrill Lynch discontinues origination at First Franklin, a sub-prime mortgage company the bank bought two years ago. Officials at Citigroup said in a statement that they will reduce the assets in its US mortgage business by a fifth from December 2007 levels and will cut the amount of new loans to be held in the portfolio by more than half over the coming year. In addition, the company will integrate middle office and support areas and consolidate operations, policies and procedures in its US mortgage business under CitiMortgage. The bank expects to cut costs by $200m within 12 months. Bill Beckmann, president of CitiMortgage, said: “These cha

Shares of Citigroup fail to a nine year low Tuesday after a prominent Middle Eastern investor reported that the bank will need more then $30 billion in additional capital in order to get by. Citigroup's shares are now trading at $21.23 down nearly 60 percent since last January as the bank has been struggling to deal with massive losses.

“Citigroup is organized into four major business groups: Global Consumer; Markets and Banking (M&B); GlobalWealth Management; and Alternative Investments. The Citigroup Global Consumer business includes banking services, credit cards, loans and insurance. The M&B business is in about 100 countries and advises companies, governments, and institutional investors on the best way to realize their strategic objectives. The GlobalWealth Management division at Citigroup is comprised of The Citigroup Private Bank, Smith Barney (private wealth management), and Citigroup Investment Research,and serves both private and institutional clients.”Here are my reasons for buying:-As a general rule I’ve found that the best time to buy large multinational blue chips is when everyone else hates them.-Cur

"Citigroup is organized into four major business groups: Global Consumer; Markets and Banking (M&B); GlobalWealth Management; and Alternative Investments. The Citigroup Global Consumer business includes banking services, credit cards, loans and insurance. The M&B business is in about 100 countries and advises companies, governments, and institutional investors on the best way to realize their strategic objectives. The GlobalWealth Management division at Citigroup is comprised of The Citigroup Private Bank, Smith Barney (private wealth management), and Citigroup Investment Research,and serves both private and institutional clients.”Here are my reasons for averaging down:-As a general rule I’ve found that the best time to buy large multinational blue chips is when everyone else hates the

David Enrich, Wall Street Journal, reports that Citigroup Inc. has barred investors in one of its hedge funds from withdrawing their money, another black eye for the financial behemoth's troubled foray into new types of investments. Citigroup suspended redemptions in CSO Partners, a fund specializing in corporate debt, after investors tried to yank more than 30% of the fund's roughly $500 million

From AFPNEW YORK (AFP) — US banking colossus Citigroup said Tuesday it had raised 14.5 billion dollars in fresh capital, including nearly seven billion from the government of Singapore, as it seeks to shore up finances stricken by the US housing crisis.Other investors included the Kuwait Investment Authority, long-time Citigroup investor Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia and former Citigroup chief executive Sanford Weill among others.Executives said the bank was also offering two billion dollars in new securities which would boost the total amount of fresh capital raised to over 14 billion dollars.Citigroup unveiled its new backers as it also revealed a fourth-quarter net loss of 9.83 billion dollars, and net income for 2007 of 3.62 billion dollars.Citigroup needs f

Citigroup (C) is back to it new lows, trading down to $29.52. Citi could have been driven down by the losses at Bear Stearns (BSC). It could be that Fitch cut... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup (NYSE:C) finally brought it's off-the blance sheet Structured Investment Vehicles (SIVs) on to the books. The seven SIV's, previously valued at $83 billion, are on the books now at $49 billion. That means Citigroup just toted up another $34 billion dollars in subprime losses, in addition to over $18 billion for the third and fourth quarters. A $50 billion plus tab is huge, even for a

Am I the only one who just does not see the big deal here? Citigroup (C) announced it is bringing $49 billion in assets onto its balance sheet by adding seven SIV's to the company's ledgers. The SIVs currently have $49 billion in assets, down from $87 billion in August. Like other banks, it has been selling the SIVs' assets recently to ease pressure on the vehicles. Banks such as HSBC (HBC) and Bank of America (BAC), have also sold assets to support their SIVs. Why is this just not a huge... Continued at Todd Sullivan's ValuePlays

Vikram Pandit! He's been on the Citigroup throne for only a few hours, and already everyone is raining on his parade. "There was some hope that somebody with a bigger name would be chosen, so maybe from that perspective there is some disappointment," Lee Delaporte, director of research at Dreman Value Management, told Reuters. Business Week, along with everyone else, took it upon themselves to elucidate just how much this job sucks, and CNN called his résumé "flimsy." Well, at the very least, they know he's not going to pull a Jimmy Cayne. "I don't play golf. Period," Pandit told New York in 2002. "I'm sure I'd enjoy it, but I just never got good at it." But what do we really know about Vikram Pandit? After the jump, the salient facts of the 50-year-old CEO's life. 1957: Born in Nagpur, India.1973: Moves to New York and enrolls at Columbia, where he gets a degree

About Us: Citigroup Global Services Ltd (formerly e-Serve international Ltd)) is the Global Processing Center for Citigroup entities. A pioneer in the BPO industry it began as the business processing arm for Citigroup India in 1992 and expanded to service Citigroup’s global operations in 1998. CGSL is driven by domain expertise in financial services and a highly evolved quality and