BNET Industries
Citigroup Inc. (C) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $159.2B
- Profit
- Dec 31 2007
- $3.6B
- Market Cap
- May 09 2008
- $124.0B
Latest News and Analysis
Clear Channel Parties Have Deal in Principle
NEW YORK (Reuters UK) - The parties in the dispute over financing the $20 billion (10.3 billion pound) Clear Channel Communications (CCU) buyout reached an agreement in principle on Tuesday on settling the case and striking a new deal at a lower price, a source...
Clear Channel in Settlement Talks, Trial Delayed
By Megan Davies and Leslie Gevirtz NEW YORK (Reuters) - Talks are underway to settle a dispute over financing the $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc (CCU), the company said in a statement on Monday. A trial...
HSBC Profit Up But Bad-debts Jump
By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Europe's biggest bank, HSBC Holdings (HSBA), said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion (2.6 million pounds) in hits from bad debts on U.S....
Citigroup Eyes Selling Japan Consumer Unit
TOKYO (Reuters UK) - Citigroup (C) is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday. The biggest U.S. bank is aiming to unload $400 billion...
Citigroup Eyes Selling Japan Consumer Unit: Paper
TOKYO (Reuters) - Citigroup Inc (C) is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday. The biggest U.S. bank is aiming to...
Citigroup Aims to Shed $400 Billion of Assets
By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters UK) - Citigroup Inc said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after...
Citigroup Aims to Shed $400 Billion of Assets
By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge...
Sovereign Bancorp to Raise Just Over $1 Bln: Source
By Jonathan Stempel NEW YORK (Reuters) - Sovereign Bancorp Inc (SOV), the second-largest U.S. savings and loan, plans to raise just over $1 billion in an equity offering to help it navigate a difficult economic environment, a person close to the ...
Glaxo Bond Boosts Chances of Euro Mega Deals
By Natalie Harrison LONDON (Reuters UK) - GlaxoSmithKline's (GSK) well-received $9 billion (4.6 billion pound) bond this week, the largest dollar issue by a non-U.S. corporate in seven years, has raised confidence of possible euro mega deals in the next few months. The success of the...
StanChart Plans 10,000 More Staff
By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Standard Chartered (STAN) said it has made a strong start to 2008 as Asian markets held up well and expects to add at least 10,000 staff this year, in contrast to contraction among rivals caused by...
Citi to Form Alternative Asset Group: Report
NEW YORK (Reuters) - Citigroup Inc (C) is forming an "alternative asset group" within its investment bank to cater to private equity and infrastructure funds, combining two of its units, the Wall Street Journal said, citing an internal bank memo. Chad...
Legg Mason Posts First-ever Loss
By Muralikumar Anantharaman BOSTON (Reuters) - Legg Mason Inc (LM) posted on Tuesday a wider-than-expected quarterly loss, the U.S. money manager's first loss ever, as it took a big charge related to a bail-out of money market funds exposed to risky securities and...
Citigroup's Pandit Gets Ready For His Close-up
By Jonathan Stempel NEW YORK (Reuters UK) - Vikram Pandit's first five months as Citigroup (C) chief executive have been no honeymoon. Since taking over in December from Charles Prince, who quit under pressure, Pandit has presided over nearly $15 billion (7.6 billion pounds) of reported...
United Airlines May Ask For Credit Revision: Report
NEW YORK (Reuters) - UAL's (UAUA) United Airlines is mulling asking its banks to rejig the terms of its credit facility in an effort to get crucial financial flexibility, the Financial Times reported on Monday. The carrier may approach its lenders, Citigroup (C),...
JPMorgan Says No Near End to Financial Crisis: Report
FRANKFURT (Reuters) - JPMorgan Chase & Co (JPM) does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday. "We can only speculate how deep and...
JPMorgan Says No End to Financial Crisis Near-paper
FRANKFURT (Reuters UK) - JPMorgan Chase & Co (JPM) does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday. "We can only speculate how deep and how long...
Fed Backs Credit Card Reforms
By John Poirier WASHINGTON (Reuters) - The Federal Reserve on Friday joined other U.S. banking regulators in backing new limits on certain billing practices by credit card companies. The Fed approved a proposal that would generally prohibit credit card companies from increasing the...
More Women Charge Bloomberg LP With Discrimination
By Leslie Gevirtz NEW YORK (Reuters UK) - Financial news and data firm Bloomberg LP, founded by New York City Mayor Michael Bloomberg, is facing a lawsuit involving 58 women who say they had their pay cut, were demoted or denied opportunities because they had become...
More Women Charge Bloomberg LP With Discrimination
By Leslie Gevirtz NEW YORK (Reuters) - The number of pregnant women at news and financial data company Bloomberg LP who claim to have suffered sex discrimination has grown to 58 from three, an attorney for the U.S. Equal Employment Opportunity Commission ...
Layoffs Rise 68 Percent in April Vs March: Survey
NEW YORK (Reuters) - U.S. companies' planned layoffs jumped 68 percent in April from the prior month to the highest since September 2006, pointing to further deterioration in the labor market, a report showed on Thursday. Planned job cuts in U.S. companies totaled...
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- Incorporated: 1993
- CEO: Mr. Vikram S. Pandit
Citigroup is a global financial services holding company whose businesses provide a range of financial services to consumer and corporate customers. Co.'s activities are conducted through the Global Consumer Group (U.S. and International)- Credit Cards, Consumer Lending, Retail Distribution, Commercial Business, Consumer Finance and Retail Banking; Citi Markets & Banking - Securities and Banking, and Transaction Services; Global Wealth Management - Smith Barney, Private Bank, and Citigroup Investment Research; Citi Alternative Investments; and Corporate/Other business segments. As of Dec 31 2007, Co. had total assets of $2.19 trillion and total deposits of $826.23 billion.
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Citigroup Inc. Company Info
Board of Directors
Sir Winfried F.W. Bischoff
Chairman
Ms. Anne M. Mulcahy
Mr. Vikram S. Pandit
Mr. Richard D. Parsons
Dr. Judith Rodin
Mr. Robert E. Rubin
Mr. Robert L. Ryan
Mr. Franklin A. Thomas
Mr. Stephen R. Volk
Vice-Chairman
Mr. Lewis B. Kaden
Vice-Chairman
Mr. C. Michael Armstrong
Mr. Alain J. P. Belda
Mr. Kenneth T. Derr
Dr. John M. Deutch Ph.D.
Mr. Roberto Hernandez Ramirez
Mr. Andrew N. Liveris
Contact Information
399 Park Avenue
New York, NY
212 559-1000
NAICS Code
Investment Advice: 523930
