Citi to keep research firm FRC after Bisys buy
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Citigroup Inc.  will keep Bisys Group Inc.'s  unit, Financial Research Corp. (FRC), when it buys the financial services provider, a Citi official said on Friday.
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Citigroup , which has been raising  funds since taking a huge hit from the U.S. subprime mortgage  meltdown, has sold its Japan headquarters to rival Morgan  Stanley  in a deal reportedly worth US$445 million.
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Citigroup Inc. (CN: Quote, Profile, Research) , the world&#39;s largest financial services company, said it remains committed to asset management, rejecting a published report it might
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A consortium led by Citigroup Inc.  has won final regulatory approval for its $3.1 billion purchase of 85.6 percent of Guangdong Development Bank (GDB), the China Banking Regulatory Commission said on Monday, paving the way for a restructuring of the troubled southern China lender.
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The German and French financial watchdogs said on Thursday they were looking into recent trading by US financial services group Citigroup (CN: Quote, Profile, Research) in European government bond and derivative markets.
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Citigroup Inc. (CN: Quote, Profile, Research) named Sallie Krawcheck chief financial officer on Monday, extending her reach across the world&#39;s largest financial
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Stocks to watch on Wednesday: CITIGROUP INC. :
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KKR's takeover of First Data completes despite recent problems in the credit markets.
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Germany's financial watchdog said on Thursday it was looking into recent trading by U.S. financial services group Citigroup (C.N) in European government bond and derivative markets, but had not started a formal probe.
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Citigroup Inc.  has all but ended  talks to purchase assets or a stake in stricken hedge fund  manager Amaranth Advisors LLC, a person familiar with the  situation said on Friday, making the chances more remote that  the fund will survive.
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Citigroup Inc.  has all but ended talks to purchase assets or a stake in stricken hedge fund manager Amaranth Advisors LLC, a person familiar with the situation said on Friday, making the chances more remote that the fund will survive.
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Federated Investors (FII:NYSE - commentary - research) agreed to acquire the cash management business of Alliance Capital (AC:NYSE - commentary - research) for upwards of $100 million in cash.
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The Tokyo Stock Exchange decided on Monday not to strip Nikko Cordial Corp.  of its share listing over an accounting scandal in a surprise ruling that could weaken Citigroup's  $10.8 billion takeover bid for the brokerage.
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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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TOKYO/NEW YORK  - Citigroup Inc.  bid $10.8 billion for troubled Japanese securities firm Nikko Cordial Corp.  on Tuesday, as the largest U.S. bank looks to return to prominence in a country where it has suffered big losses.
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Citigroup, which recently acquired a majority stake in the Nikko Cordial Corporation, said Brandon Ginsberg had resigned as co-head of equities at its Japanese investment bank. Mr. Ginsberg has already left, said Masufumi Yoshino, head of corporate communications at Nikko Citigroup in Tokyo. No further details were available. The departure is the second change of senior managers at the unit since Citigroup bought 61 percent in April.
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TOKYO -- Citigroup Inc., the largest bank in the United States, said Tuesday it raised its takeover offer for scandal-tainted Nikko Cordial Corp. by 26 percent in a deal worth up to $13.35 billion after the Japanese brokerage's largest shareholders rejected the initial price as too low.