By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters) - Citigroup Inc C posted a smaller-than-expected quarterly loss, despite $11.7 billion of write-downs and credit losses tied to deteriorating capital markets and a slumping economy. Though the second-quarter loss totaled $2.5 billion, the...
By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters UK) - Citigroup C posted a smaller-than-expected quarterly loss, despite $11.7 billion (5.85 billion pounds) of write-downs and credit losses tied to deteriorating capital markets and a slumping economy. Though the second-quarter loss totalled $2.5 billion, the...
By Dan Wilchins and Jonathan Stempel NEW YORK (Reuters) - Citigroup Inc C said on Monday that Michael Klein, a former head of investment banking, is leaving, in the latest management shakeup under Chief Executive Vikram Pandit. Klein, a 23-year veteran of Citigroup,...
Citigroup is to shut down Old Lane, the hedge fund set up by the group's recently appointed chief executive, Vikram Pandit, less than a year after buying it for $800m (411m). The Wall Street giant, one of the banks worst hit by the credit crunch, yesterday announced...
Small Talk The tremors from the credit crunch continue to hit companies listed on the Alternative Investment Market. The latest group to feel the after-shocks is a company that was fted last year as the top international group on AIM. Leadcom Integrated Solutions suffered last week as...
NEW YORK -- Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review -- but only after shrinking the company by about one-fifth first. The three-year game plan, revealed Friday, includes getting rid of more businesses, mortgages,...
Vikram Pandit, the chief executive of Citigroup, has launched a robust defence of the banking and investment conglomerate, saying it was well placed to become as major a force in developing markets as it is in the US. Revealing the progress of his review of the company,...
Evelyn Y Davis, the bullying, screeching scourge of annual shareholders' meetings in the US, was in particularly feisty form at the Citigroup gathering in New York last month. Unlike at most of the meetings she haunts, the septuagenarian shareholder activist was not alone in hectoring Citigroup's chief...
The chairman and chief executive of Citigroup were heckled and booed at the financial giant's annual shareholder meeting yesterday. The rest of the board was assailed for pocketing giant pay packages while the company lost billions of dollars on sub-prime mortgages. Vikram Pandit, who was installed as...
NEW YORK AFP — US banking giant Citigroup reported Friday a 5.1 billion dollars net loss during the first quarter and said it would cut an additional 9,000 jobs as it struggles with bad bets on subprime mortgages. It was the second consecutive quarterly loss for the banking...
Wireless News04-03-2008Citi Names Teresa Dial as CEO of Consumer Banking, North AmericaWIRELESS NEWS-April 3, 2008-Citi Names Teresa Dial as CEO of Consumer Banking, North America C2008 10Meters - http:// www.10meters.com Citi announced that Teresa A. Terri Dial has been appointed Chief Executive Officer of Citi Consumer Banking in North...
Wireless News04-03-2008Citi Announces Exec, Org ChangesWIRELESS NEWS-April 3, 2008-Citi Announces Exec, Org Changes C2008 10Meters - http://www.10meters.com Vikram Pandit, Citi s Chief Executive Officer, announced a comprehensive reorganization of Citi s structure to achieve greater client focus and connectivity, global product excellence, and clear accountability. The new organizational structure...
Client-Focused Reorganization Driven by Global Business Reviews New Structure Streamlines Decision-Making, Promotes Partnership and Collaboration throughout the Global Business New Organization Centralizes IT and Corporate Functions, Driving Greater Efficiency and Cost Control NEW YORK -- Vikram Pandit, Citi's Chief Executive Officer, today announced a...
Dial Also Named Global Head of Consumer Strategy Industry Veteran Led Lloyds TSB UK Retail Banking Turnaround; Credited with Wells Fargo Bank Success NEW YORK -- Citi today announced that Teresa A. "Terri" Dial has been appointed Chief Executive Officer of Citi Consumer Banking in North...
Lloyds TSB has lost the modernising head of its high-street banking division, Terri Dial, who has been poached by the US giant Citigroup. American-born Ms Dial, lured back into an executive job in banking in 2005 by the Lloyds chief executive Eric Daniels, tendered her resignation after...
Appointments Reflect CEO Pandit's Priorities for Moving Citi Forward Klein and Havens are Supported by a Deep and Talented Bench NEW YORK -- Citi today announced the appointments of Michael Klein as Chairman and John Havens as Chief Executive Officer of the Institutional Clients Group ICG,...
M2 PRESSWIRE-5 March 2008-NYSENEWS: Progressive Following on Citigroup IncC1994-2008 M2 COMMUNICATIONS LTD RDATE:05032008 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a ...
NEW YORK -- Vikram Pandit, Chief Executive Officer of Citi, will host a Citi Investor/Analyst Day on Friday, May 9, 2008 at 8:30 AM EDT. A live webcast of the presentation, as well as presentation materials, will be available at http://www.citigroup.com/citigroup/fin. A replay of the webcast will be available at...
Leach Also to Serve As Acting Risk Head for Institutional Clients Group Suneel Bakhshi Named Head of Risk for the Global Consumer Group And Citibank N.A. Company Names Three Additional Senior Risk Managers NEW YORK -- Citi (NYSE: C) today announced that Brian Leach...
Uwe Eberle is now CEO and president of Man Investments Inc., USA. He became CEO for Man's institutional business in August 2006 and is now responsible for leading Man's U.S. institutional initiative. "I'm excited at the prospect of developing the achievements of the team as we continue to introduce innovative...
Articles 2008-02-01
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