Citigroup Posts $9.83 Billion Loss and Will Cut Jobs
236349
Citigroup will write down $18.1 billion because of soured mortgage-related investments, cut its stock dividend and sell another stake to foreign investors.
662562
Citigroup will bail out its seven structured investment vehicles, bringing $58 billion of debt onto its balance sheet in the biggest move yet by a bank to rescue the failing funds.
476472
Citigroup Inc  has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, the Wall Street Journal reported on Friday.
588137
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.
115122
At first blush, CNBC's report that Citigroup could announce up to $24 billion in write-downs Tuesday because of credit-related losses sounds like disastrous news. That figure is much higher than what sell-side analysts were expecting, and more than twice the high end of Citi's previous estimate in early November, which put the losses at $8 [...].
304529
Citigroup Inc  awarded Chief Executive Vikram Pandit $26.7 million of shares and 3 million stock options, six weeks after he took over the largest U.S. bank, and a week after reporting a record $9.83 billion quarterly loss.
625349
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.
148667
Citigroup Inc., the financial services giant, said yesterday that it was removing three senior executives in the wake of a banking scandal in Japan.
25493
NEW YORK: Three senior Citigroup executives are leaving the company, after being found partially responsible for last monthâs forced closure of Citigroupâs private bank in Japan, a person familiar with the matter said.
454731
Stocks plunged on Tuesday after a record quarterly loss at top U.S. bank Citigroup Inc and a surprise drop in December retail sales fueled fears that the economy was heading into a recession.
458048
Citigroup Inc  may need to slash its dividend 40 percent to preserve capital, and with Merrill Lynch & Co  and JPMorgan Chase & Co  may write off more than $33 billion of debt this quarter as the credit crunch deepens, a Goldman Sachs & Co analyst said.
457259
Citigroup Inc  on Tuesday posted  its first quarterly loss since its creation in 1998, hurt by  write-downs for exposure to subprime mortgages and other risky  debt.
399123
US financial services giant Citigroup (CN: Quote, Profile, Research) regrets its controversial sale of around 11 billion euros ($13.
423689
Business News, NEW YORK, Three senior Citigroup Inc. (CN: Quote, Profile, Research) executives are leaving the company, after being found partially responsible for last month&#39;s forced closure of Citigroup&#39;s
503135
Citigroup's write-off was smaller than expected, but the stock got punished. What gives?
402199
Citigroup Inc  has barred  investors in one of its hedge funds from withdrawing their  money, and a new leveraged fund lost 52 percent in its first  three months, the Wall Street Journal reported on Friday.
411062
Citigroup is expected to announce on Tuesday 4,000 additional job cuts, a steep cut in its stock dividend, and another boost from foreign investors.