Citigroup Inc.
Latest Citigroup Inc. News
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A Look at Cable, Satellite TV Earnings Reports
Inc. says it lost a net 118,000 cable TV customers in the quarter, to end with 12.1 million. Jason Bazinet at Citigroup says the higher-than-expected decline appears to be due to customers leaving after signing up in late 2011 to aggressively
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Howard's Big Hit Leads Hamels, Phillies Over Mets
batterymate for the first time this season, Hamels helped Philadelphia to its first series sweep since last September — also at Citi Field. The Phillies have won six road games in a row, and 10 of 13, against the rival Mets. Jonathon Niese (2-2) allowed
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Kendrick, Howard Send Phillies Over Mets 4-0
sharp RBI single, drawing cheers from the many Phillies fans at Citi Field. The game was delayed for nine minutes in the bottom game in a row while resting sore quadriceps. ... All-Star C Carlos Ruiz can be activated Sunday when his 25-game amphetamine Manuel said, "More than likely, yeah." ... Young played at Citi Field for the first time. He's played big league games in
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Citigroup Approves $1.2B Share Buyback
Citigroup Inc . says its board has approved a plan to buy back $1.2 billion of the company's shares after getting clearance from the Federal
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Chastened Banks Cuts Tens of Thousands of Jobs
month, Bank of America, Citigroup , JPMorgan Chase, Goldman forced to make do with less. Citigroup 's new CEO Mike Corbat 000 jobs per year. Now Citigroup is cutting back in lower-growth Intelligence in Charlotte, N. C . "Banks are hiring as fast as Corbat took over as CEO, Citigroup announced it would cut 11,000
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P&G 4th-Quarter Outlook Expectations, Shares Fall
of its guidance by 2 cents and now expects net income of $3.96 to $4.04 per share. Analysts expect $4.37 per share. Citi Investment Research analyst Wendy Nicholson said analyst estimates for the fourth quarter were too high and advised investors
News
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Ellis Hits 2 HRs, Nicks Niese as Dodgers Top Mets
he's day to day. Los Angeles won despite an uneven outing by ace Clayton Kershaw. With Dodgers great Sandy Koufax watching at Citi Field, Kershaw walked four and struck out five in five innings. Hit hard in his previous start by San Diego, Kershaw limited
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Upcoming Shareholder Meetings for Banks
Francisco-based Wells Fargo meets Tuesday in Salt Lake City. — Citigroup meets Wednesday in its hometown of New York. —Bank of America meets May 8 in its hometown of Charlotte, N. C . —New York-based Morgan Stanley meets May 14 in Purchase, N
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Bank Meetings Shift to the City of Mormons
upstate in Westchester County. Bank of America and Citigroup have been the exceptions. Bank of America has been meeting in its hometown of Charlotte, N. C ., every year since 1998. Citigroup has been staying in its hometown of New York
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Buck's 7th Homer Leads Mets Over Nationals 2-0
its struggling bullpen, which entered with the highest ERA in the majors at 5.47. Buck hit a drive into the second deck at Citi Field and Mike Baxter added a sacrifice fly as New York ran up Jordan Zimmermann's pitch count in dealing the right-hander
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Harvey Outpitches Strasburg, Mets Beat Nationals
twice in an inning — for a 4-0 lead. The 26,675 fans at Citi Field celebrated, breaking into cheers of "Harvey's better Mets phenom Dwight Gooden pitched at Shea Stadium. Doc was at Citi Field for this game and gave Nationals manager Davey Johnson
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Having a Ball: Fan Catches 2 Homers at Single Game
Hample, who gave Gregorius back his home run ball in exchange for an autographed baseball, has been to Yankee Stadium, Citi Field and Fenway Park this season and plans on going to all 30 major league parks this year. He's being sponsored by BIGS
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On The Call: Morgan Stanley CEO James Gorman
and received, permission to buy the rest of Morgan Stanley Smith Barney, the retail brokerage it jointly owns with Citigroup . Other banks asked for permission to return capital to shareholders through actions like dividends and share buybacks
Videos
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Citigroup Paying Back Billionsbut this is also because of news this morning about Citigroup Citigroup reaching a deal. With the US government to repay the week up zero point. 8%. So you mentioned this Citigroup 's repayment of the TARP money. Something a lot
recent weeks but this is also because of news this morning about Citigroup Citigroup reaching a deal. With the US government to repay. About 45 billion dollars that the government invested in the bank as part of the 700 billion dollar Troubled Asset Relief Program. So that's another thing that has investors feeling confident this morning. And really in a sense we're kind of taken up where we left off last week. Both the Dow and the S&P finished up last week with three straight days on the upside and the down -- ending the week up zero point. 8%. So -- you mentioned this Citigroup's repayment of the TARP money. Something a lot of people have been looking to see -- whether these banks would repay significant as -- milk. I think cities -- this morning is is very significant because when you talk about this are talking about really. The biggest bank and it still had part money so now at Citigroup is getting out of the program we saw Bank of America get out of it. Just the other week so this is -
Housing Slump Tied to Citigroup Lossespay. The value of the investments collapsed forcing Citigroup to declare them worthless. The bank has lost more than governments like Singapore and Kuwait. Experts say the what Citigroup in a better position to cut future losses and stay competitive
homeowners couldn't afford to pay. The value of the investments collapsed forcing Citigroup to declare them worthless. The bank has lost more than eighteen billion dollars since the housing slump started. To deal with the losses city announced several measures today the company will cut its dividend payments to shareholders. Continued to cut its payroll. Already thousands have lost their jobs. And city took in more than fourteen billion dollars in new investments from foreign governments like Singapore and Kuwait. Experts say the -- what Citigroup in a better position to cut future losses and stay competitive. But they say the bank still has big risks tied to -
Citigroup CEO Thanks U.S. Taxpayersthe company's history. Of receiving extraordinary government support. Has this panel to an inescapable conclusion. Citigroup along with a handful of other financial institutions. Enjoys an implicit government guarantee. Evidence thus far suggests
receiving extraordinary government support. Has -- this panel to an inescapable conclusion. Citigroup along with a handful of other financial institutions. Enjoys an implicit government guarantee. Evidence thus far suggests that the United States government -
More Extravagance for CitiGroupthe question where's the money. Citigroup pocketed 45 billion dollars of the a plane the answer should be yes Citigroup says. Know now what this really corporate excess. Problem is while Citigroup is the proud new owner taxpayers
Our ongoing pursuit of the question where's the money. Citigroup pocketed 45 billion dollars of the government's first rescue package admitted Monday. It plans to spend fifty million dollars on a brand new corporate jet for executives. Is this for taxpayer money is going to Chris is back on the money from Chris. My simple math they got the money gonna spending on a plane the answer should be yes Citigroup says. Know now what this really brings to light is this confusion about what we know is going on inside these companies.wrapped in the luxury the epitome of corporate excess. Problem is while Citigroup is the proud new owner taxpayers are footing the bill. We have hunger we have people that can't pay their mortgages so it is not right. Citigroup says they're selling other planes to pay for this one and becoming more efficient by updating their fleet. And that after signingbest use of money. At this point. Reportedly the White House told Citigroup to fix it. But why doesn't congress fix it themselves congress -- sort of a political will -- to be able to -
Taking a Stake in CitigroupUS government just taking a much bigger stake in Citigroup to boast the bank's capital and keep it afloat unit this year to break it down let's start with Citigroup . Also Citigroup today would there was this announcement really expected
The US government just taking a much bigger stake in Citigroup to boast the bank's capital and keep it afloat. And today we learned the economy was worse than we realized in the last quarter Charlie Herman from our business unit this year to break it down let's start with Citigroup . Also Citigroup today would there was this announcement really expected through most of the week. That the government would take some of the 45 billion dollars already provided to Citigroup's that this is not new money going to the bank. And due to technical shift in how the money is is appropriate -
Layoffs and Losses at CitigroupCitigroup America's largest bank announcing this to big banks none has been harder hit Citigroup . CEO chuck prince was ousted in November product of the United Arab Emirates. Citigroup is reportedly looking to global investors
Citigroup America's largest bank announcing this morning that it is slashing its dividend laying off some 4000 workers which brings the total to 20000. All because of a whopping eighteen billion dollars in loan losses just about wiping out the bank's profits for all of last year. ABC's be -- ankle -- here is live at the New York Stock Exchange and she has what it means for all of us -- Good morning Diane it's being called the mother of all write -- as you mentioned eighteen billion dollars lost 40% of the stock value wiped outlosses to -- big banks none has been harder hit -- -- Citigroup . CEO chuck prince was ousted in November the company has lost nearly 130. Billion dollars in value in the past six months. That's more than the gross domestic product of the United Arab Emirates. Citigroup is reportedly looking to -- global investors for a bailout including its largest shareholder Saudi prince Al Waleed bin Talal. This after one was passed up earlier this week by the Chinese Government. But with unemployment at a two year high. News that thousands of Citigroup bankers will be out of the job by year's end is yet another negative headlines for a slowing economic picture -- Look more and more like a recession and. One positive note while Citigroup sent the day's losses are clearly unacceptable the company did announce that it has found twelve and a half billion dollars in -
Government Rescues Citigroupfinancial giant from collapsing that's Citigroup and Charlie Herman from our business unit joins us to talk about Citigroup 's so what are we gonna do. Well another twenty billion dollars to Citigroup . This is on top of the 25 billion
put together a deal to keep a financial giant from collapsing that's Citigroup and Charlie Herman from our business unit joins us to talk about Citigroup's so what are we gonna do. Well the two steps one they're providing another twenty billion dollars to Citigroup . This is on top of the 25 billion that the government had already provided to Citigroup at the end of October through that -- 700 billion dollar program. The bigger thing is that they are guaranteeing up to
