Tag Archives: citigroup
Brazil’s Itau to Buy Citigroup’s Consumer Finance Unit for BRL2.77 Billion
Brazilian bank Itau Unibanco Holding SA (ITUB, ITUB4.BR) has agreed to buy the Brazilian consumer finance unit of Citigroup Inc. (C) for 2.77 billion Brazilian reais ($1.38 billion), Itau said in a statement Tuesday Continue reading
Citigroup to File Facebook Claim
Citigroup Inc. Continue reading
Citigroup to pay $730 million to settle with investors
Citigroup has agreed to pay $730 million to settle a class action lawsuit on behalf of investors who said they were misled by the company’s disclosures. Continue reading
Fed Stress Tests Show Cracks in Fortress Balance Sheets
NEW YORK (TheStreet) — A year after having their initial 2012 capital plans were rejected by the Federal Reserve, Citigroup and Fifth Third Bancorp appear to be among the best capitalized banks, according to the regulator. In stress test results released on Thursday, Citigroup and Fifth Third now are projected by the Fed to have common capital ratios in excess of 8% in a stressed economic scenario of a deep recession, 12%-plus unemployment, a 20% slump in housing prices, and a 52% drop in U.S. stock markets Continue reading
Citi Wins Abu Dhabi Arbitration Challenge
The Abu Dhabi Investment Authority lost its legal challenge to an 2011 arbitration ruling in favor of Citigroup Inc. Continue reading
Goldman hires Citigroup lobbyist Amy Overton
(Reuters) – Citigroup Inc lobbyist Amy Overton is leaving the bank for Wall Street rival Goldman Sachs Group Inc. Overton, 43, will handle a broad range of issues for Goldman, a spokesman for Goldman said Continue reading
Citi could release reserves in Citi Holdings unit soon: CFO
Citigroup Inc plans to dip into funds that it set aside against bad mortgages in its Citi Holdings unit “sooner rather than later,” Chief Financial Officer John Gerspach said, in a move that should reduce the unit’s drag on profits. Continue reading
Citi Takes Top Spot in REIT Equity Deals
Citigroup Inc. became the top equity underwriter for real-estate investment trusts in 2012, grabbing the No Continue reading
Citi falls short on earnings, blames regulations
Citigroup badly missed earnings estimates in the fourth quarter, reflecting what its new CEO called a “challenging” environment due to increased regulatory pressures and legal costs. Continue reading
Government hires banks to hold GM stock sale
The U.S. government is hiring JPMorgan Securities and Citigroup Global Markets to handle the sale of its remaining stake in General Motors Continue reading
