Citigroup to be known as Citi, dumps umbrella
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Hoping to add customers and sell more products with a uniform marketing strategy, Citigroup Inc.  said on Tuesday it would rebrand itself as "Citi," and sell its trademark red umbrella to St. Paul Travelers Cos.
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Citigroup Inc. , the world's largest financial services company, on Friday said it will simplify its business structure and streamline its capital markets activities.
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Citigroup Inc., the world&#39;s largest bank, was forced to shut its private banking operations in Japan after ``serious&#39;&#39; breaches were found by the nation&#39;s financial regulator.
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For Edward S. Lampert, it appears the bloom is off the rose at Citigroup. The billionaire investor disclosed on Thursday that he has sold off more than 30 percent of his holdings in the struggling financial giant. RBS Partners, a hedge fund he controls, now holds about 19.1 million shares in Citi as of Dec. 31, [...].
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Citigroup Inc. C.N, the world's  largest financial services company, on Friday said it will  simplify its business structure and streamline its capital  markets activities.
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U.S. investment bank Citigroup C.N   said on Tuesday it is shedding its Citigroup Venture Capital   buyout unit amid renewed activity among banks in the buyout   sector.
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Citigroup Inc. , the largest U.S.  bank, plans to list on the Tokyo Stock Exchange later this  year, a move that could make it easier to buy Japanese firms  through stock swaps, the Nihon Keizai (Nikkei) business daily  reported on Sunday.
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Citigroup, which recently acquired a majority stake in the Nikko Cordial Corporation, said Brandon Ginsberg had resigned as co-head of equities at its Japanese investment bank. Mr. Ginsberg has already left, said Masufumi Yoshino, head of corporate communications at Nikko Citigroup in Tokyo. No further details were available. The departure is the second change of senior managers at the unit since Citigroup bought 61 percent in April.
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Citigroup Inc.  could make as much as $24 billion in writedowns and lay off 20,000 workers as part of a plan to cut costs and boost capital, CNBC said on its Website in a report dated Sunday.
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Citigroup Inc. , the largest U.S.  bank, said on Tuesday it would rebrand itself as "Citi" and  sell its trademark red umbrella to St. Paul Travelers Cos.
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Citigroup was fined $250,000 for failings in its hedge-fund business yesterday and agreed to close its Japanese trust banking arm as its regulatory problems continued.
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Citigroup Inc. said Monday it will close down its trust banking unit in Japan within a year, after Japanese authorities ordered the US financial services giant to suspend its private banking business.
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Citigroup , which has been raising  funds since taking a huge hit from the U.S. subprime mortgage  meltdown, has sold its Japan headquarters to rival Morgan  Stanley  in a deal reportedly worth US$445 million.
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Citigroup and Merrill Lynch each announced outside investments to shore up their ravaged balance sheets as Citigroup revealed a $18.1 billion write-down and a $9.83 billion fourth-quarter loss.
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NEW YORK - In a startling move backing up his promise to clean up Citigroup&#39;s global image, Chief Executive Officer Charles Prince ousted the three top executives responsible for the scandal at Citigroup&#39;s private bank in Japan.
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Citigroup Inc. , the largest banking group in the United States, said on Sunday it had named Gary Crittenden, formerly chief financial officer at American Express Co. , as its chief financial officer.
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TOKYO -- Citigroup Inc. said yesterday it will close its trust banking unit in Japan within a year, after Japanese authorities ordered the US financial services giant to suspend its private banking business there.