Citigroup says to spin off buyout fund
4740
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.
747425
Citigroup Inc. (CN: Quote, Profile, Research) the world&#39;s largest financial services company, said on Tuesday it will acquire First American Bank in the quickly-growing Texas market.
571004
U.S. investment bank Citigroup is set to bid for UK stockbroker Cazenove , challenging rivals JP Morgan  and Lehman Brothers  for the City's most venerable institution, the Observer reported.
446015
Citigroup is buying the assets of the subprime lender ACC Capital Holdings, which said on Friday that it would close.
245492
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.
127346
Citigroup  said on Thursday that  it plans to take $49 billion of structured investment vehicles  onto its balance sheet, after ratings agencies' threats to  downgrade the SIVs debt.
490720
SYDNEY (Dow Jones)--British Airways Plc (BAB) Wednesday confirmed that investment bank Citigroup Inc. (C) will handle the sale of its 18.
677403
NEW YORK (CBS.MW) - When companies spin off units, it&#39;s often a way to shed underperforming assets and move on. Free! Sign up here to receive our Internet Daily e-Newsletter!
553004
American Express Co. AXP.N, the  global credit card and travel services company, on Tuesday said  it will spin off its personal finance unit, whose 12,000  advisers sell financial planning and other services to 2.5  million customers.
423231
American Express Co., the global  credit card and travel services company, said on Tuesday it  will spin off its less-profitable personal finance unit,  boosting earnings prospects and its stock to the highest level  in more than four years.
430983
After the write-downs and the stake sales, Citigroup is still looking for additional capital. So the wounded financial giant may be turning to the next option: selling some of its private equity portfolios. PE Hub's Dan Primack reported Wednesday that Citi is in talks to sell $1.4 billion worth of two portfolios. One is $1 billion [...].
535974
Citigroup said today that it had agreed to buy the wholesale mortgage origination and servicing assets of Ameriquestâs parent, ACC Capital Holdings, for an undisclosed price.
162342
Shares of Citigroup Inc  rose 3.4 percent on Friday on hopes the largest bank in the United States was close to securing new outside capital and preparing other moves to shore up its strained balance sheet.
299611
Investment banks helping Cerberus  Capital Management LP finance its buyout of Chrysler, the U.S.  arm of automaker DaimlerChrysler (DCXGn.DE), will launch a road  show in the next week to raise funds for the deal, according to  a report in the Wall Street Journal, citing a source familiar  with the matter.
608230
Investor's Business Daily - The ex-Fed chief said it's not clear if a proposed $75 bil fund to ease the current credit crisis will work. The fund, created by Citigroup, Bank of America and JPMorgan, will buy high-quality assets of structured investment vehicles. Alan Greenspan said, "The issue here is how do you stabilize this sort of market ... will an intervention do that? If you go into a market and absorb a chunk of supply by essentially bidding above what fire-sale prices might be, that might persuade others from trying to get out of the market."
750933
Citigroup  is considering selling Nikko Cordial Corp's  principal finance arm if it acquires the scandal-hit Japanese brokerage group, the Nikkei business daily said on Sunday.
688433
Morgan Stanley , the second-largest investment bank, said on Tuesday it will spin off its Discover credit-card division as it posted better-than-expected quarterly results on strong banking and trading.