Citigroup Inc. RSS feed

Battered buck fires demand for miners as prices surge

2009-11-23T13:18:45Z

Fresh weakness in the dollar gave a further boost to commodity prices which, in turn, brought in the buyers for mining shares

Gartmore�s �1bn float to kick start surge in IPO

2009-11-20T08:54:22Z

Fund management giant Gartmore is to list on the Stock Exchange, firing the starting gun on what is expected to be several major flotations in London in the next 12 months

Qataris are billed �100m for Candys

2009-11-18T08:02:25Z

The already high stakes in the battle between the former partners in the �3 billion redevelopment of the Chelsea Barracks site are set to get even higher

Ex-Asda boss faces daunting trial in ITV jungle

2009-11-18T13:07:32Z

So Archie Norman is going to sumbit himself to the Bushtucker Trial that is chairing ITV. Formerly an MP, Tory chief executive and Asda chairman, he says the challenge of overseeing the I�m A Celebrity and X-Factor broadcaster is �irresistible�

Citigroup sounding alert on supermarkets as prices fall

2009-10-02T07:55:38Z

Lessons from across the pond are not always relevant but here�s one that might turn out to be a timely early warning. Severe food price falls in the United States are likely to have a major impact on supermarket earnings in the States and a similar flood of cheaper food here could be the signal to get out of the UK supermarket sector

City Spy: Time for Kingman to make a fortune

2009-07-29T06:24:45Z

So Brownite Treasury civil servant John Kingman is quitting as �143,000-a-year chief executive of UK Financial Investments, which oversees the Government's stakes in Royal Bank of Scotland, Lloyds, Bradford & Bingley, etc

Citigroup warns cash may dry up at United Utilities

2009-07-28T12:56:49Z

Falling water bills may be good news for householders, but they may turn out to be extremely expensive for some stock-market investors

Footsie keeps up momentum as the bulls make their mark

2009-07-20T08:09:45Z

The bulls are back in town. After the stock market enjoyed its best week this year last week, with the FTSE 100 gaining 6.3%, shares in London were on the rise again today

US bank duo post profits but the worries persist

2009-07-17T14:32:11Z

Two of America's most troubled banks gave evidence that the financial crisis is far from over

Citigroup posts $4.3bn profit

2009-07-17T12:29:28Z

Citigroup posted a $4.28 billion (�2.6 billion) profit, buoyed by gains from selling control of its Smith Barney brokerage and beating analysts� estimates as the bank shed assets to compensate for loan losses

Cazenove adds to Punch's hangover after fundraiser

2009-07-08T08:11:07Z

Shares in debt-laden Punch Taverns have been in freefall since it tapped investors last month for an extra �375 million in order to reduce debts still topping almost �4 billion

Citigroup staff get 50 per cent pay rises to beat cuts in bonus

2009-06-24T08:09:24Z

Stricken banking giant Citigroup are planning to raise base salaries for employees by 50 per cent to compensate for the sharp reduction in annual bonuses

Citi's fixer in a fix after a little too much philanthropy

2009-05-28T06:29:50Z

A SEX scandal was the last thing Citigroup wanted at the moment - what with its business in disrepair, $45 billion in government loans to repay and a reputation languishing somewhere between that of termites and dry rot

Citi brands BAA bizarre after losing Gatwick bid

2009-05-13T15:36:30Z

A row broke out over the bidding for Gatwick airport as a Citigroup consortium was kicked out of the process

British banks hit by fears of another Wall Street bailout

2009-04-28T07:36:00Z

Fresh fears shook British banks after US giants Citigroup and Bank of America said they may have to raise billions of dollars more to safeguard their future

Citigroup�s rally adds to the cheer on Wall Street

2009-04-17T12:07:18Z

Citigroup became the fourth US bank in recent days to report surprisingly good results as Wall Street looked to end the week on a high

Broker says it's time for a sale of the supermarkets

2009-04-01T08:12:56Z

The UK's well-run supermarket chains have also often been admired for their defensive qualities in times of trouble. But perhaps not for much longer.

AIG puts up �500m Canary Wharf cover

2009-03-27T09:20:11Z

AIG has been forced to stump up �500 million to cover the chance that certain tenants of Canary Wharf, including Citigroup, will default on rent payments

Bank in profit: the City cheers

2009-03-10T14:31:50Z

Shares around the world have soared after banking giant Citigroup shocked investors by declaring it had returned to profit

Citigroup bosses face axe in Obama�s deal

2009-02-27T09:11:15Z

Banking: Citigroup will be forced to raise private capital and sack some directors in return for converting preferred stock into shares, insiders say

Obama may raise stake in �walking dead� Citigroup

2009-02-23T09:10:53Z

Banking: US banking giant Citigroup is in talks with the Obama government that could lead to its virtual nationalisation

Jetting into a PR bailout disaster

2009-01-29T10:04:10Z

Citi says rush to gold may trigger a rise above $2000

2009-01-27T10:04:35Z

Feeling sick at Citigroup over hedge losses

2009-01-19T11:58:14Z

Citigroup's Corporate Special Opportunities hedge fund is returning only three cents on the dollar to investors � underscoring the depths of the difficulties at the alternative investment unit once headed by the bank�s current chief executive, Vikram Pandit

Struggling Citigroup rocked by $8bn losses

2009-01-16T14:50:11Z

Banking: Ailing US banking giant Citigroup unveiled a worse than expected $8.29 billion loss for the fourth quarter amid speculation the US government could be forced to undertake full-scale nationalisation

Citi never sleeps� it just gives us nightmares

2009-01-15T08:38:43Z

When the biggest bank in the world admits that its business model is unsustainable, you know things are getting serious

Citi break-up puts hundreds more bank jobs at risk

2009-01-14T09:16:32Z

Banking: Hundreds more bankers in London are at risk of losing their jobs as Citigroup moves to break itself up in a drastic bid to secure its future

Citi-Morgan talks seen leading to wave of deals

2009-01-12T15:00:20Z

Finance: Citigroup and Morgan Stanley are set to announce a deal to combine their brokerages, a move that could trigger a fresh wave of consolidation in the troubled and thinning banking industry

Goldman sell note rains on United Utilities parade

2009-01-06T10:46:59Z

United Utilities lost 20p to 616p today after falling out of favour with City big-hitter Goldman Sachs, much to the dismay of some of our biggest pension funds which rely on its generous �dividend policy

Market report: Citigroup spots safety in builders amid tough times

2008-12-19T10:10:49Z

Citigroup today forecast a further drop of 15% in house prices next year, which will be bad news for homeowners and builders.