World Business: Britain: Citigroup Building Sold
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A British real estate group said it had agreed to buy the 42-story tower that houses Citigroupâs London headquarters for about $2 billion from the Royal Bank of Scotland Group.
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Citigroup will take control of  investment funds worth $49bn as it continues to ride out financial market problems.
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Citigroup  launched a $10.75 billion takeover bid for scandal-hit Japanese brokerage Nikko Cordial Corp.  on Tuesday in a deal designed to transform its business in the world's second-biggest economy.
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Citigroup Inc.  shares on Friday rose as much as 4 percent, the stock's biggest gain in nearly eight months, amid speculation the No. 1 U.S. bank may divest some businesses.
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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.
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Citigroup Inc.&#39;s CitiCapital unit said Monday it is selling its transportation finance business to GE Commercial Finance, a unit of General Electric Co.
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U.S. and European banks including Citigroup Inc  and HSBC Holdings PLC  are mulling sales of parts of their businesses from branches to entire units in a nod to crunch times ahead, the Wall Street Journal reported on its Web site on Thursday.
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Rupert Murdoch&#39;s transition from renegade to the heart of the New York establishment was cemented this week with the purchase for a record $44m (Â£26m) of a Fifth Avenue apartment once owned by an heir to the Rockefeller fortune.
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In the last two years a building on Fifth Avenue and 44th Street sold for $218 million, then $420 million. And now itÂs for sale again.
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Citigroup&#39;s European headquarters in London has been sold to a consortium led by an Irish private-equity company for 1.0 billion pounds (1.48 billion euros, 2.01 billion dollars), the buyers said Monday.
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US banking giant Citigroup reports a $9.83bn (Â£5bn) net loss, blaming its exposure to bad mortgage debt.
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Citigroup Inc  is selling or  closing some retail branches and consumer finance operations in  Asia, Europe and Latin America to focus on more profitable  businesses, the Wall Street Journal reported on Tuesday.
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BusinessWeek Online - Turns out, the Gherkin was only an appetizer. The distinctive pickle-shaped London skyscraper, designed by Sir Norman Foster, was sold in February by insurer Swiss Re for $1.2 billion, in one of Europe&#39;s biggest-ever real estate deals.
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Shorenstein Co. LLC of San Francisco and the State Teachers Retirement System of Ohio this week completed the sale of Bay Colony Corporate Center office park in Waltham to Beacon Capital Partners LLC for $272.5 million. Cushman &amp; Wakefield of Massachusetts represented the sellers in the sale of the 987,923-square-foot, four-building complex on Route 128 overlooking the Cambridge Reservoir. The ...
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Hedge-fund manager Daniel Loeb stunned New Yorkâs real estate world when he agreed in 2005 to pay $45 million for a penthouse in 15 Central Park West, the uber-luxurious new condominium building set to open this fall. It now appears that Sanford Weill, the former Citigroup chief executive, paid nearly that much for his own pad [...].
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The Bank of England was authorized to provide a âliquidity support facilityâ to Northern Rock, prompting a sell-off of British bank stocks.
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Northern Rock, one of Britainâs biggest casualties of the credit crisis, sold part of its mortgage portfolio to JPMorgan as it seeks to repay about Â£25 billion, or $49 billion, in emergency financing.