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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 Andrew Rummer and Nikolaj Gammeltoft, Bloomberg |
October 16, 2012
Global stocks rose the most in a month amid better-than-forecast U.S. earnings and industrial production, while the euro and Spanish bonds gained as two German lawmakers said the country is open to Spain seeking a precautionary credit line.
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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 Nikolaj Gammeltoft, Bloomberg |
October 15, 2012
U.S. stocks rose, as the Standard & Poor’s 500 Index rebounded from its biggest weekly drop in four months, after American retail sales and Citigroup Inc.’s earnings topped estimates.
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By Dawn Kopecki, Bloomberg |
August 21, 2012
Wall Street, the global financial community reeling from public outrage, is proving incapable of finding a champion to replace Jamie Dimon.
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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 Ye Xie and Michael Patterson, Bloomberg |
June 25, 2012
Emerging markets, whose economies grew more than four-fold in the past decade, are now making losers out of everyone from central bankers to Procter & Gamble Co.
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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.
