Citi likely to announce dividend cut, layoffs: report
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Citigroup Inc  is likely to announce on Tuesday a significant dividend cut, at least $10 billion of new capital and a writedown of as much of $20 billion, the Wall Street Journal reported on Monday.
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Citigroup (CN: Quote, Profile, Research) said on Monday it would shutter part of its Japanese trust business and promised sharper oversight of its remaining operations
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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.
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Citigroup Inc said on Tuesday it plans to raise $14.5 billion, slash its dividend and cut 4,200 jobs to shore up its balance sheet after a write-down for mortgages led to a record $9.83 billion quarterly loss.
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Citigroup  will announce plans to  cut payrolls by 17,000 to 24,000 people when it reports  earnings on Tuesday, CNBC television reported on Monday, adding  that the layoffs could take place over a year.
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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, may eliminate 17,000 to 24,000 jobs and write off as much as $24 billion for subprime and other credit losses, as part of a plan to cut costs and add capital, CNBC television said on Monday.
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Stocks to watch on Wednesday: CITIGROUP INC. :
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Citigroup Inc Chief Executive Charles Prince plans to resign this weekend, the Wall Street Journal said, as the widening subprime mortgage crisis deals a final blow to a reign long under attack.
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By Kyodo News International, Tokyo  Feb. 19--TOKYO -- Citigroup Inc. of the United States is studying listing  its shares on the Tokyo Stock Exchange to strengthen its business in Japan,  informed sources said Monday.
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U.S. bank Citigroup  will likely present a report on options for the future of German state-backed lender WestLB  in mid-November, people familiar with the matter told Reuters.
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Japan's financial regulators may suspend  or even end some private banking operations at the Japanese  commercial banking unit of U.S. financial services firm  Citigroup Inc., the Nihon Keizai newspaper said on Thursday.
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NEW YORK - Citigroup Inc has forced three senior executives to leave the company in connection with a scandal involving its private-banking operations in Japan, US media reported Tuesday.
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The Tokyo Stock Exchange  is likely to decide to delist scandal-hit Japanese brokerage Nikko Cordial Corp.  on Friday, the Nikkei business daily reported.
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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 on Sunday.
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Citigroup Inc  Chief Executive  Charles Prince plans to resign this weekend, the Wall Street  Journal said, as the widening subprime mortgage crisis deals a  final blow to a reign long under attack.
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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.