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	Citigroup - Wikipedia, the free encyclopedia
		Citigroup was also accused of helping Enron and other companies hide their losses by loaning money to those companies in a special way that would reduce liabilities visible on the balance sheet.
		Citigroup Proprietary Government Bond Trading Scandal Citigroup was critized by the European Financial Governmence institutes for disrupting the European bond market by rapidly selling €11 billion worth of bonds on August 2, 2004 on the MTS Group trading platform, driving down the price, and then buying it back at cheaper prices.
		Citigroup's 2005 sale of the remainder of Travelers Insurance to MetLife was described by the press as the death knell of the bank-insurance cross-selling model.
	en.wikipedia.org /wiki/Citigroup_Incorporated (3337 words)

	Encyclopedia: Citigroup Incorporated (Site not responding. Last check: 2007-10-15)
		Citigroup removed three senior executives in the wake of a banking scandal in Japan.
		Deryck Maughan, a Citigroup vice chairman and head of Citigroup International, Thomas W. Jones, chairman and chief executive of the global investment management division, and Peter K. Scaturro, head of Citi's private bank, will be leaving the company.
		Citigroup was critized by the European Financial Governmence institutes for disrupting the European bond market by rapidly selling €11 billion worth of bonds on August 2, 2004 on the MTS Group trading platform, driving down the price, and then buying it back at cheaper prices.
	www.nationmaster.com /encyclopedia/Citigroup-Incorporated (2752 words)

	UK's FSA fines Citigroup $25 mln - Boston.com - Europe - News (Site not responding. Last check: 2007-10-15)
		On August 2 Citigroup sold 12.9 billion euros ($15.6 billion) of cash bonds in one minute and bought back 3.8 billion euros of the paper within an hour on a day when the U.S. market was closed for a public holiday.
		The majority of the Citigroup trades were conducted via the MTS electronic European government bond platform, which handles an estimated 70 percent of the market for Eurozone government bonds.
		Citigroup executed a trading strategy "without having due regard to the risks and likely consequences of its action for the MTS platform," Hector Sants, the FSA's managing director for wholesale business, said in a statement.
	www.boston.com /news/world/europe/articles/2005/06/28/uks_fsa_fines_citigroup_14_mln_stg?mode=PF (784 words)

	Citigroup, Legg Mason swap assets - Boston.com - Business (Site not responding. Last check: 2007-10-15)
		Citigroup Inc. will swap most of its asset management arm for Legg Mason Inc.'s brokerage business, the companies said on Friday, in a $3.7 billion deal that would thrust Citigroup into a battle with Merrill Lynch for top U.S. broker.
		Citigroup would get a 14.4 percent stake in Legg Mason, a Baltimore-based company that has grown into a highly respected asset manager from its roots as a small regional brokerage.
		Citigroup's asset management unit, which contributed about 1 percent of its total net income in the first quarter, has not been a critical part of its business, the bank said.
	www.boston.com /business/articles/2005/06/24/citigroup_legg_mason_swap_assets_1119646482 (811 words)

	Citigroup division tells 3.9M customers personal info lost - Jun. 6, 2005
		Citigroup, the nation's biggest financial services company, said that UPS lost the tapes while shipping them to a credit bureau in Texas.
		Citigroup did not return calls seeking comment, but it sent its customers a letter saying the tapes included Social Security numbers, names, account history and loan information about retail customers, and former customers, in the United States.
		Black at UPS said his company and Citigroup are launching internal investigations, adding there was no evidence of theft or fraudulent activity.
	money.cnn.com /2005/06/06/news/fortune500/security_citigroup/index.htm?cnn=yes (590 words)

	CNN.com - Citicorp posts record quarter - Jan 20, 2005
		Citigroup, which is headquartered in New York, said profits for the fourth quarter totaled $5.32 billion, or $1.02 a share, up 12 percent from $4.76 billion, or 91 cents a share, a year earlier.
		Citigroup said its fourth-quarter results included a $244 million after-tax charge related to closing its Japan Private Bank amid allegations of improper activities and a $131 million after-tax reserve related to resolution of a Securities and Exchange Commission investigation dealing with transfer agents.
		For the year, Citigroup earnings were $17.05 billion, or $3.26 per share, down from $17.85 billion, or $3.42 a share, in 2003.
	www.cnn.com /2005/BUSINESS/01/20/us.citigroup (455 words)

	UN Chronicle: Promoting Corporate Citizenship - Citigroup Incorporated
		Citigroup, as an example, has determined that improving public education and stimulating community development are concerns shared by almost all the communities where it does business.
		One of Citigroup's co-Chief Executive Officers (CEOs) is the founder of the Academy of Finance, which began as a school-to-work programme for inner-city students.
		At the Charles University in Prague, for example, Citigroup is funding the Center for Research and Graduate Education, a United States-style Ph.D. programme in economics, designed for students from transitional economies in Central and Eastern Europe, and from the former Soviet republics.
	www.findarticles.com /p/articles/mi_m1309/is_4_36/ai_61693394 (1284 words)

	Citigroup - Frequently Asked Questions (Site not responding. Last check: 2007-10-15)
		Citigroup and KorAm Bank, together with an investor consortium led by The Carlyle Group and JP Morgan Corsair II, signed an agreement for the acquisition of KorAm by Citigroup.
		Citigroup is #1 domestically and globally in bankcard issuance (measured by accounts and loans) and becomes the world's largest private label card provider.
		A: The distribution to Citigroup stockholders of a total of 219,050,000 shares of class A common stock and 450,050,000 shares of class B common stock of Travelers Property Casualty Corp. (Travelers) occurred on August 20, 2002 to Citigroup stockholders of record as of 5:00 p.m.
	www.citigroup.com /citigroup/fin/faq.htm (1827 words)

	The New York Times > New York Region > Mayor Turns a Step Back Into a Stride Ahead
		He announced that Citigroup, the city's largest private employer, would erect a $200 million office building in Long Island City, Queens, and had promised to increase its work force by 600 over the next two years.
		The fact that Citigroup was pulling 1,600 technology jobs out of the still-wounded precincts of Lower Manhattan and sending them to a corporate campus in Warren, N.J., did not even come up until the seventh paragraph of a nine-paragraph mayoral news release.
		The mayor told reporters that Citigroup had promised to replace the existing 1,900 jobs over the next two years with higher-paying jobs.
	www.ctj.org /itep/gjny/news/citigroup2.htm (639 words)

	Banking
		Citigroup is the first financial services company in the U.S. to bring together banking, insurance, and investments under one umbrella.
		Citigroup was formed in 1998 by the then-illegal merger of Citicorp (a bank holding company for Citibank) and Travelers Insurance.
		"[Citigroup] continues to defend its role in helping Enron hide billions in debt by claiming that it never knew that Enron was using such shady transactions to defraud shareholders.
	www.globalblogs.com /cgi-bin/tseekdir.cgi?location=Root-Finance,044_Insurance,044_L2K_Real_Estate-Banking (971 words)

	Citigroup, Bank of America post higher profits - Oct. 14, 2004
		Profit at Citigroup, the world's largest financial services company, rose 13 percent to $5.31 billion, while profit at Bank of America, the No. 3 U.S. bank, jumped 29 percent to $3.76 billion.
		Shares in Citigroup (down $0.59 to $43.52, Research) fell 1.4 percent while Bank of America (down $0.83 to $44.18, Research) shares lost 1.9 percent in afternoon trade on the New York Stock Exchange.
		Chief Executive Charles Prince is expanding Citigroup's global franchise through small purchases, but on a conference call lamented some of its recent struggles.
	money.cnn.com /2004/10/14/news/fortune500/citigroup/index.htm (714 words)

	AsiaCase.com : Citigroup in Post-WTO China
		In 1998, Citicorp and Travelers Group Inc. had merged to create the new Citigroup Inc. Travelers brought a vast array of financial services that added to Citibank's existing portfolio of consumer and commercial lending.
		Citigroup now had to determine the business prospects for each of its activities in the growing China market.
		Citibank had a record of success in less developed countries, and had developed certain competitive advantages that might be the basis for success in China, but whether and how these could be extended to other Citigroup financial activities remained an important question.
	www.asiacase.com /ecatalog/NO_FILTERS/page-BIZENV-561228.html (242 words)

	Citigroup upgraded to "outperform" - update \| newratings.com (Site not responding. Last check: 2007-10-15)
		NEW YORK, January 28 (newratings.com) - Analyst David B of Bear Stearns upgrades Citigroup Incorporated (C.NYS) from "underperform" to "outperform." The target price is set to $55.
		In a research note published yesterday, the analyst mentions that the company's stock is currently trading at a discount to the earnings-based valuation.
		According to the analyst, Citigroup would have to strengthen its retail banking segment in the US in order to improve its market share in the large banking segment.
	www.newratings.com /analyst_news/article_670354.html (213 words)

	CNN.com - Ex-Citigroup duo face fraud counts - Aug 8, 2005 (Site not responding. Last check: 2007-10-15)
		The SEC alleged that the divisions misrepresented and omitted facts when recommending to the funds' boards of directors that the funds change from a third-party transfer agent to an agent that was a Citigroup affiliate.
		New York-based Citigroup neither admitted nor denied wrongdoing in its settlement with the SEC.
		Jones "approved the final structure of the deal fully aware that the affiliated transfer agent was projected to make tens of millions of dollars in profit each year for doing minimal work," the agency said in its suit filed Monday in federal court in Manhattan.
	www.cnn.com /2005/BUSINESS/08/08/citigroup.charges.ap/index.html (335 words)

	Citigroup execs say they are taking terror threat seriously - Aug. 2, 2004
		Prince and other senior executives spoke with employees through a telephone conference call and internal Webcast Monday, the day after Homeland Security Secretary Tom Ridge identified the company's New York headquarters as one of the possible targets of al Qaeda terrorists.
		In addition to Citigroup New York headquarters, Ridge identified the New York Stock Exchange, the Newark, N.J., headquarters of Prudential Financial and the homes of the International Monetary Fund and the World Bank in Washington as possible targets.
		Shares of both Citigroup (C: down $0.04 to $44.05, Research, Estimates) and Prudential (PRU: down $0.66 to $45.90, Research, Estimates) were slightly lower in morning trading Monday.
	www.cnn.com /money/2004/08/02/news/fortune500/citigroup_threat/index.htm (469 words)

	U.S. markets consider 3M, Citigroup results - Oct. 20, 2003
		Citigroup Inc., the world's largest financial services company, said Monday its third-quarter profit rose, helped by growth in its consumer and investment banking businesses.
		The New York-based company reported net income of $4.69 billion, or 90 cents per share, compared with $3.92 billion, or 76 cents per share, a year earlier.
		Citigroup (C: Research, Estimates) shares jumped 1.3 percent in pre-market trading on Instinet.
	money.cnn.com /2003/10/20/markets/stockswatch (473 words)

	Hevesi Announces Award of General Obligation Bonds , 6/17/03
		The other bids were submitted by syndicates led by Morgan Stanley and Co. Incorporated; Citigroup Global Markets Inc.; and Merrill Lynch and Co. at true interest costs of 3.531376 percent, 3.599045 percent, and 3.639850 percent, respectively.
		The other bids were submitted by syndicates led by Citigroup Global Markets Inc. and Merrill Lynch and Co. at true interest costs of 3.387443 percent, and 3.427708 percent, respectively.
		The other bids were submitted by syndicates led by Lehman Brothers; Goldman, Sachs and Co.; UBS Financial Services Inc.; and Citigroup Global Markets Inc. at true interest costs of 3.248688 percent, 3.335046 percent, 3.339097 percent, and 3.432433 percent, respectively.
	www.osc.state.ny.us /press/releases/jun03/061703a.htm (325 words)

	Columbia Newsblaster: Citigroup Profit Rises 20 Pct to Record (summary comparison) (Site not responding. Last check: 2007-10-15)
		New York based citigroup world 's largest financial services company with $ 1.21 trillion of assets said net income rose (article 2) to 90 cents a share (article 1) from $ 3.92 billion or 76 cents per share a year earlier.
		(article 2) Citigroup said that during the third quarter it completed its acquisition of the Home Depot credit card portfolio and received regulators ' approval for the purchase of the Sears credit card business.
		Citigroup Incorporated -lrb- C.n Quote Profile Research -rrb- on Monday said third quarter profit rose 20 percent to a record driven by higher investment banking retail banking and credit card income and fewer loan defaults.
	newsblaster.cs.columbia.edu /archives/2003-10-21-17-37-27/web/summaries/2003-10-21-18-38-31-135-comp-134.html (259 words)

	Citigroup News
		Citigroup Inc. and Deutsche Bank AG were among banks hired to sell a $2.3 billion stake in Hynix Semiconductor Inc., the world's second-largest maker of memory chips, a creditor said.
		Citigroup Taiwan appointed Morris Li, current Country Treasurer, as Citigroup Country Officer and Head of Corporate and Investment Banking for Taiwan.
		Citigroup Inc. has bought a 10.5 percent stake in the La Curacao chain of department stores, which caters to Latinos in Los Angeles and Orange counties.
	www.topix.net /com/c (1221 words)

	The New York Times: Search
		Regulators accused two former Citigroup executives of securities fraud yesterday, contending that they shortchanged mutual fund investors by denying them certain discounts.
		Sanford I. Weill told Citigroup employees yesterday that he now planned to stay on as chairman until his scheduled retirement next April, ending an internal debate that spilled outside the bank over hi...
		Robert B. Willumstad, the No. 2 executive at Citigroup, announced yesterday that he was stepping down to seek a chief executive position at a public company.
	query.nytimes.com /search/query?ppds=org&v1=CITIGROUP+INC&fdq=19960101&td=sysdate&sort=newest&ac=CITIGROUP+INC&rt=1%2Cdes%2Corg%2Cper%2Cgeo (531 words)

	Citigroup News - Page 2
		Citigroup News continually updated from thousands of sources around the net.
		Keller Rohrback L.L.P. today announced that it is investigating Citigroup, Inc. for violations of the Employee Retirement Income Security Act of 1974.
		Two years after staging a protest outside the Masters Tournament, the chair of the National Council of Women's Organizations is launching a new action against the Augusta National Golf Club and Masters Golf...
	www.topix.net /com/c/page2 (262 words)

	» Citigroup Inc. :: Business News and Information :: All about the Business World (Site not responding. Last check: 2007-10-15)
		Citigroup had a 10% share of the “capital markets & banking”; (corporate and investment bank division) in 2003 ([1]).
		UPDATE 3-Citigroup's consumer chief Magner to leave Citigroup Inc. (C.N: Quote, Profile, Research) on Monday said Marjorie Magner, its consumer banking chief and one of the most powerful women on Wall Street, will leave the world's largest bank to pursue a career change outside financial services.
		Citigroup Incorporated Citigroup Inc. (NYSE: C) is the largest financial services company in the world.
	business.news-axis.com /1322/citigroup-inc (1033 words)

	StockHouse USA -- News -- (Site not responding. Last check: 2007-10-15)
		MidNet Incorporated (OTCBB: MIDX) announced that it is providing the network platform for 'Alliance For A New Humanity' (ANH), an international network for social change.
		Citigroup, based in New York, reported earnings of $5.07 billion, or 97 cents per share, in the April-June period, up from $1.14 billion, or 22 cents per share, a year earlier.
		The year-earlier period included a gain on the sale of Citigroup's stake in the Saudi Arabia-based Samba Financial Group as well as a nearly $5 billion charge for the bank's settlement of WorldCom Inc. litigation.
	www.stockhouse.com /news/news.asp?newsid=2844731&tick=CBSS (1096 words)

	Citigroup "neutral weight" \| newratings.com (Site not responding. Last check: 2007-10-15)
		NEW YORK, January 21 (newratings.com) - Analyst Michael L Mayo of Prudential Financial maintains his "neutral weight" rating on Citigroup Incorporated (C.NYS).
		According to the analyst, Citigroup's quarterly results exhibited negative operating leverage, although revenues were robust.
		The company indicated that it is likely to post its 2005 EPS at the lower-end of the guidance range due to a normalized tax rate and lower reserve releases than the previous year, Prudential Financial says.
	www.newratings.com /analyst_news/article_660520.html (215 words)

	Citigroup (Site not responding. Last check: 2007-10-15)
		Citigroup has added its weight to the Elsevier stock warning issued by BNP Paribas on October 13.
		Profile: On October 8, 1998 Citigroup began trading as CCI as a result of the merger between Citicorp and Travelers Group.
		The Art Lost by Citigroup on 9/11 by Suzanne FW Lemakis [Suzanne FW Lemakis is Vice-President and Art Curator, Citigroup.].
	www.intfind.com /?k=citigroup (800 words)

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