Citi Holdings

Citi Holdings News

  • Citigroup Profit Misses Estimates on Year-End Trading Drop

  • Citigroup Kills Panel Overseeing Toxic-Asset Division

    Citigroup Inc., the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board committee created during the credit crisis to police the disposal of toxic and unwanted assets.

  • Citigroup’s Corbat Gets Housing Rebound Pandit Missed: Mortgages

    Citigroup Inc.’s newly appointed Chief Executive Officer Michael Corbat has one big advantage over his predecessor Vikram Pandit -- a housing rebound that’s accelerating enough to help the lender deal with its most troubled investments.

  • Pandit’s Censured Bonus Unhurt by Smith Barney Writedown

    Citigroup Inc.’s $4.7 billion pretax writedown of its Morgan Stanley Smith Barney stake probably won’t reduce a profit-sharing plan’s award for Chief Executive Officer Vikram Pandit that could total $24 million.

  • Corbat Sees No Drawback in Boring Citigroup Up 34%

    The executive suite at Citigroup Inc.’s headquarters in New York where Michael Corbat has his office hasn’t been renovated since its previous occupant, Vikram Pandit, vacated the premises in October 2012.

  • Citigroup Could Jump 33% as Unwanted Assets Decline, Hawken Says

    Shares in Citigroup Inc., the third-biggest U.S. bank, could increase by about 33 percent in 12 months as the lender reduces unwanted assets and management cuts costs, according to Brennan Hawken, an analyst at UBS AG.

  • Citigroup Books $579M for Pay Plan Shareholders Panned

    Citigroup Inc. executives stand to collect $579 million under profit-sharing plans that include the one shareholders voted against last year.

  • Citigroup Q4 2011 Net Income Declines

    Citigroup Reports Fourth Quarter 2011 Net Income of $1.2 Billion or $0.38 Per Share(1), Compared to $1.3 Billion or $0.43 in Fourth Quarter 2010 Fourth Quarter Revenues of $17.2 Billion Down 7% from the Prior Year Period Fourth Quarter Net Credit Losses Declined 40% from the Prior Year Period to $4.1 Billion Full Year 2011 Net Income of $11.3 Billion up 6% from $10.6 Billion in 2010 Full Year 2011 Revenues of $78.4 Billion Compared to $86.6 Billion in 2010 Driven by $6.4 Billion Decline in Citi Holdings Revenues Citicorp Loans of $465.4 Billion Grew 14% versus Prior Year Citi Holdings Loans of $181.8 Billion Declined 25% versus Prior Year Full Year 2011 Net Credit Losses of $20.0 Billion Compared to $30.9 Billion in 2010 Loan Loss Reserve Release of $1.5 Billion in Fourth Quarter, Down 35% from the Prior Year Period

  • Citi Names Medina-Mora, Corbat to New Posts

    Citigroup Inc., the third-largest U.S. lender, said Manuel Medina-Mora will add responsibility for global consumer and commercial banking and Mike Corbat will become the sole chief executive officer for Europe, the Middle East and Africa as part of a management shakeup.

  • Citigroup Productivity Worst of Big Banks Shows Challenge

    Michael Corbat, Citigroup Inc.’s new chief executive officer, says he wants to run a more efficient bank. That means rousing or cutting one of Wall Street’s least productive workforces.

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