Financial Intuitions Looting Customers
Submitted by Nalin Sahdev on Tue, 11/08/2011 - 13:39The customers of Citigroup should be careful before they plan to deposit their hard earned money in the bank. Lately, the bank has been in news for breaching the law by defrauding its customers. As a way to apologize, the group apologized to its customers and promised the Securities and Exchange Commission of not repeating it again.
Decreasing Profit in Citi Group
Submitted by John Binz on Tue, 04/19/2011 - 14:30The Profits of Citi Group have seen a downfall in the last quarter of the year that went by. The CEO of the Firm is Vikram Pandit and he has seen a drop in the profit levels to $3bn from the $4.4 bn in the past.
Consumers Are the Target
Submitted by Medha Sood on Mon, 04/04/2011 - 19:09In a cyber disaster, consumers were affected as their name and credentials were exposed online. These consumers were mostly from Citigroup to Walgreen to HSN. The US corporate firm were the targets.
Four Leading Banks to be Investigated by U.S. Regulators
Submitted by John Binz on Sat, 03/26/2011 - 13:46Four leading banks Citigroup Inc. (C), Deutsche Bank AG (DB), Bank of America Corp. (BAC) and JP Morgan Chase & Co. (JPM) were the members of panel that set the Libor. Libor is London Interbank Offered Rate which is a trademark for more than $350 trillion of financial products worldwide.
Citigroup finally sees black for first time after crisis
Submitted by Prakash Sharma on Wed, 01/19/2011 - 13:38A handsome performance by the division that contains Citigroup's Delaware operations helped counterbalance a lackluster quarter in some of the bank's other businesses and helped pull the third-biggest bank of the nation into the black for the first time after the financial crisis.
Citigroup limited the risk of taxpayer loss
Submitted by Jack Beckman on Fri, 01/14/2011 - 11:22A watchdog stated that the government's forty five billion dollar bailout of Citigroup, during the financial crisis could achieve the goal of restoring the market's confidence in the third-largest bank and lessened the risk of taxpayer loss.
Smoking Rate Will Drop to Zero by 2050, believes Citigroup
Submitted by Jayden Roberts on Sat, 01/08/2011 - 16:01Analysts are of the view that smoking rates have been declining since the 1960s in Britain as people are becoming more concerned about their health and also, the ban on smoking in 2007 helped a lot in bringing the smoking rate down by a fifth in 2008.
US Treasury Earns Profits on the Sale of Stake in Citi
Submitted by Upneet Sandhu on Tue, 12/07/2010 - 14:50The US Treasury has announced that the sale of its part in Citigroup has fetched a profit amounting to $12-billion. The profit has been earned on its overall investment in Citigroup It needs to be remembered that the US government had provided a relief bail-out of $45-billion to the financial group, after it had crashed out in one of the worst economic downturns ever witnessed.
E-mail Trial to be Held
Submitted by Dominic Haber on Sat, 10/23/2010 - 17:24The real working of the bankers and their private equity clients is now available through the bundle of dry documents and jargon-filled e-mails. The jury in the Terra Firma-Citigroup lawsuit is said to have been forced to take a look at it.
Nikkei stocks rose Banks rides on Citi and yen weighs on the market
Submitted by Dominic Haber on Tue, 10/19/2010 - 12:18On Tuesday Nikkei average of Japan saw an advancement of zero decimal four percent, as Citi group had done an excellent result which was more tan expectations and pushed banks up but the market remained weighed down by a strengthening yen.












