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By Donal Griffin, Bloomberg |
April 15, 2013
Citigroup Inc., the third-biggest U.S. bank, rose in New York trading after first-quarter profit and revenue from fixed-income trading and investment banking exceeded analysts’ estimates.
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By Donal Griffin, Bloomberg |
January 17, 2013
Citigroup Inc., the third-biggest U.S. bank by assets, reported a profit increase that was less than analysts estimated as litigation costs rose and benefits from releasing loan-loss reserves declined.
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By Donal Griffin, Bloomberg |
October 16, 2012
Citigroup Inc. Chief Executive Officer Vikram Pandit, who led the bank through its government rescue, stepped down and will be replaced by Michael Corbat. The bank slid in early trading.
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By Donal Griffin, Bloomberg |
October 15, 2012
Citigroup Inc. advanced the most among the largest U.S. banks, reaching a six-month high after reporting a surprise third-quarter profit and a surge in bond-trading revenue that beat analysts’ estimates.
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By Donal Griffin, Bloomberg |
July 16, 2012
Citigroup Inc., the third-biggest U.S. bank, reported second-quarter profit that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and bonds.
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By Donal Griffin, Bloomberg |
June 20, 2012
Citigroup Inc. could take a $3 billion to $5 billion “hit” this quarter related to foreign exchange, according to Charles Peabody, an analyst at Portales Partners LLC.
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By Donal Griffin, Bloomberg |
May 29, 2012
Citigroup has dismantled a board committee created during the credit crisis to police the disposal of toxic and unwanted assets.
