Citigroup Says It Will Sell Its Umbrella Logo and Call Itself âCitiâ
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The largest U.S. bank plans to rebrand itself once a deal to sell the logo to St. Paul Travelers closes in March.
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Citigroup plans to take $49bn in debt on to its balance sheet to protect the firm's rating and give it time to sell assets.
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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 of New York said Tuesday it will acquire First American Bank of Bryan, Texas. The transaction is expected to be immediately accretive to Citigroup&#39;s earnings.
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U.S. investment bank Citigroup is set to  bid for UK stockbroker Cazenove CAZ.UL, challenging rivals JP  Morgan JPM.L and Lehman Brothers LEH.N for the City's most  venerable institution, the Observer reported.
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Continuing to snap up branch networks in states with large Hispanic populations, Citigroup Inc. Tuesday, Aug. 24, agreed to buy First American Bank of Texas for an undisclosed price.
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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 largest banking group in the United States, said on Sunday it had named Gary Crittenden, formerly chief financial officer at American Express Co. , as its chief financial officer.
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Citigroup (CN: Quote, Profile, Research) said it agreed to sell its truck-financing business to GE Commercial Finance for $4.4 billion, concluding a recent spate of divestitures in its leasing operations.
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The European headquarters of US banking giant Citigroup in London's Canary Wharf is sold for Â£1bn.
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.
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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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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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Citigroup Inc. , the largest U.S. bank, plans to list on the Tokyo Stock Exchange later this year, a move that could make it easier to buy Japanese firms through stock swaps, the Nihon Keizai (Nikkei) business daily reported on Sunday.
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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 said Tuesday that it had completed its move to take full control of Japanese brokerage house Nikko Cordial Corp., overcoming hurdles from financial difficulties at the US financial powerhouse.
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Citigroup  launched a $10.75 billion takeover bid for Japanese brokerage Nikko Cordial Corp.  on Tuesday, offering cash to the scandal-hit firm's shareholders in a deal designed to transform its business in the world's second-biggest economy.