Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, its largest potential sale of this type since the 2008 financial crisis, according to two people briefed on the offer.
Citigroup Inc. is close to an agreement to consolidate its New York operations in a Tribeca office complex majority-owned by SL Green Realty Corp., according to three people with knowledge of the talks.
The pitch was enticing. At a time when the Standard & Poor’s 500 Index had suffered a decline of 41 percent in the previous three years, Morgan Stanley was offering its clients the possibility of some relief.
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 Inc ., the third-largest U.S. bank by assets, will split at least $11.9 million among four executives if the company meets profit thresholds set at less than half what the lender generated since 2009.
Citigroup Inc., the third-biggest U.S. bank, sold servicing rights for a $2.6 billion real estate portfolio to CWCapital LLC as Chief Executive Officer Vikram Pandit continues to offload unwanted assets.