Citigroup abandons U.S. branch expansion plan: report
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Citigroup Inc is abandoning its plans to open as many as 100 U.S. branches a year, The Wall Street Journal said on Thursday.
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Japan's financial regulator 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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Citigroup Inc. led shares of financial services stocks lower Monday after Japanese regulators ordered the company to close down its private-banking operations, a move that triggered a downgrade from a major Wall Street brokerage.
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Citigroup  plans to rescue $49 billion of structured investment vehicles in a move that further strains the biggest U.S. banking group's capital levels and may scupper a U.S. government-endorsed SIV bailout plan.
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Citigroup announced another big investment by foreign investors after taking a $18.1 billion write-down and a $9.83 billion fourth-quarter loss, while its C.E.O. said it would cut 4,200 jobs.
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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 Inc. C.N, the world's  largest financial services company, on Friday said it will  consolidate its capital markets funding business into two  parts, and simplify the company's legal structure.
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NEW YORK/SHANGHAI  - Citigroup Inc's  plans to raise capital by selling a $2 billion stake to China Development Bank  may be in jeopardy due to Chinese government opposition, The Wall Street Journal reported on Monday.
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Japan has ordered the commercial banking unit of Citigroup to close its Japanese private banking offices, shutting it out of the lucrative business and
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TOKYO/NEW YORK, SEPTEMBER 17: Japan on Friday ordered Citigroup Inc. to close its Japanese private banking offices after uncovering a series of problems, including failing to prevent suspected money laundering.
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Citigroup plans to eliminate about 1,000 jobs at its corporate and investment bank, according to a person close to the company, the latest signal that the company is placing a renewed emphasis on cutting costs and bolstering shareholder returns.
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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.
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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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The CEO of US banking giant Citigroup Inc. apologized Monday for the bank&#39;s misconduct in Japan and said it will terminate its private banking business here for wealthy customers by Sept.
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TOKYO  - Japanese financial authorities announced Friday they would shut down Citibank's private banking business in the country after finding "severe legal violations" in its operations.
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Bank of America Corp , Citigroup , and JPMorgan Chase & Co  have abandoned plans for a fund to bail out structured investment vehicles, due to a lack of demand, according to sources familiar with the matter.
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Citigroup Inc.  on Friday denied persistent speculation that Chief Financial Officer Sallie Krawcheck was leaving the biggest U.S. bank, but declined to confirm she will stay in her current role.