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- Citigroup to Cut 9,000 Jobs After Posting Loss
- By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters UK) - Citigroup Inc C posted a $5.11 billion (2.6 billion pound) quarterly loss on Friday and said it will cut another 9,000 jobs after suffering billions of dollars of write-downs tied to mortgages, other debt and...
- News items 2008-04-18
- 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...
- News items 2008-05-09
- 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...
- News items 2008-05-09
- Citigroup to Cut 9,000 Jobs After Posting Loss
- By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters) - Citigroup Inc C posted its second straight quarterly loss on Friday, hurt by more than $16 billion of write-downs and costs related to credit losses, and said it will cut another 9,000 jobs....
- News items 2008-04-18
Additional Resources
- Citigroup chiefs booed by irate investors
- 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...
- Articles 2008-04-23
- Citigroup posts 5.1 bln dlr loss, to cut 9,000 jobs
- 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...
- Articles 2008-04-18
- Citi Announces Exec, Org Changes
- 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...
- Articles 2008-04-03
- Citi Names Teresa Dial as CEO of Consumer Banking, North America
- 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...
- Articles 2008-04-03
- Citi Appoints Teresa A. Dial CEO of Consumer Banking, North America
- 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...
- Articles 2008-03-31
- Citi Announces New Corporate Organizational Structure and Leadership Team
- 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...
- Articles 2008-03-31
- Lloyds TSB retail chief resigns to join Citigroup
- 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...
- Articles 2008-03-29
- Citi Names Michael Klein Chairman, John Havens Chief Executive Officer of Institutional Clients Group
- 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,...
- Articles 2008-03-17
- Progressive Following on Citigroup Inc.
- 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 ...
- Articles 2008-03-05
- Citi Investor/Analyst Presentation
- 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...
- Articles 2008-03-04
- Citi Names Brian Leach Chief Risk Officer
- 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...
- Articles 2008-02-27
- Eberle to head Man Investments USA
- 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
- Citi to Exceed Targeted Capital Ratios Pro Forma for Fourth Quarter 2007; Nearly $30 Billion of Capital Raised or Priced Over Last 2 Months
- NEW YORK -- Citi said today that it will exceed its announced targeted capital ratios on a pro forma basis for the fourth quarter 2007. Taking into account recent capital raising activities totaling almost $30 billion, Citi expects its following key capital ratios to hit, on a pro...
- Articles 2008-01-22
- This Month: Citigroup Names New Chief Executive.
- After a search that lasted more than a month, Citigroup has found its new chief executive. Former head of the bank's institutional clients group Vikram Pandit faces major challenges in reviving Citigroup, which, even before the credit crisis, was under pressure to show faster revenue...
- Articles 2008-01-01
- Citigroup brings $49bn SIVs on to balance sheet
- By Stephen Foley in New Yorkand Andrew Buncombe in Delhi Citigroup said last night it is to bail out its seven structured investment vehicles SIVs, bringing $49bn of assets on to its balance sheet in the biggest move yet by a bank to rescue the failing funds....
- Articles 2007-12-14
- Citigroup gets new CEO
- NEW YORK -- Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as chief executive Tuesday, after searching five weeks for someone to restore the bank's profitability and reputation. The banking company named Sir Win Bischoff, who has been Citi's acting CEO, as...
- Articles 2007-12-12
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