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Topic: CitiGroup Private Bank

	Bloomberg.com: U.S.
		Citigroup also advanced a loan to clients in Japan who were subsequently prosecuted for manipulation of a publicly traded stock with proceeds from the credit, the regulator said.
		Citigroup's global private banking unit had profit of $551 million in 2003, the fifth year of record earnings, about 3 percent of group net income, according to its annual report.
		Citigroup's private banking business was suspended from Sept. 29 for one year to allow it to close existing transactions, regulators said.
	quote.bloomberg.com /apps/news?pid=10000103&sid=aX4OAz.IPkqQ&refer=us (965 words)

	Bank - Encyclopedia.WorldSearch (Site not responding. Last check: 2007-07-20)
		Banking licenses are granted by financial supervision authorities and provide rights to conduct the most fundamental banking services such as accepting deposits and making loans.
		Central banks usually control monetary policy and may be the lender of last resort in the event of a crisis.
		Bank reserves are typically kept in the form of a deposit with a central bank.
	encyclopedia.worldsearch.com /bank.htm (1788 words)

	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 (3310 words)

	Citigroup’s private bank in Japan banned from bond auctions - FinanceGates.com (Site not responding. Last check: 2007-07-20)
		Citigroup’s Japan private bank Citibank was banned from participating in Japan bond auction as the bank can be a bad indicator for country’s reputation.
		Citigroup’s spokesman said the company expected the action as the bank was already under the sanction.
		Bank unveiled the information that at least six people have already left their posts in the institution and other eight will face pay-cuts.
	www.financegates.com /Items/citigroup_23092004.html (254 words)

	Citigroup private bank CEO leaves - Boston.com
		Citigroup Inc. Thursday reorganized senior management at its private bank, replacing the unit's CEO with a pair of executives.
		Damian M. Kozlowski, who had been CEO of the private bank since June 2005, "will leave to pursue other opportunities outside the firm," according to a memo sent Thursday by Sallie Krawcheck, the new head of Citigroup's wealth-management unit.
		Citigroup promoted John Longley, who had worked in the international division of the Smith Barney retail brokerage, to CEO of the U.S. private bank.
	www.boston.com /business/articles/2007/04/05/citigroup_private_bank_ceo_leaves (381 words)

	Gulfnews: Citigroup eyes expansion in Gulf Arab investment
		Dubai: Citigroup's private banking unit expects to be managing about $40 billion on behalf of wealthy Gulf Arabs within five years as it expands into Saudi Arabia and Kuwait, a senior regional executive said on Tuesday.
		Citigroup Private Bank expects the assets it manages of clients in the world's top oil-exporting region to grow by about 25 per cent a year, Shah told Reuters.
		Citigroup Private Bank manages $80 billion in private wealth in Asia and the Middle East, home to nearly a quarter of its 25,000 global clients, Shah said.
	archive.gulfnews.com /articles/06/11/30/10086124.html (485 words)

	The Citigroup Private Bank partners with LSE - News archive - News and events - Press and Information Office - LSE
		The Citigroup Private Bank has partnered with the London School of Economics and Political Science (LSE) to provide ongoing executive education to its private bankers and senior staff from across the world.
		Peter K Scaturro, CEO of the Citigroup Private Bank, said: 'We believe this is the first time that this kind of customized programme has been instituted by anyone in the wealth management industry and is part of our ethos as a modern private bank.
		John Leto, chief administrative officer of the Citigroup Private Bank, said: 'In planning this programme, we saw LSE as the ideal partner in London to provide the type of global business and public affairs content for which we were looking.
	www.lse.ac.uk /collections/pressAndInformationOffice/newsAndEvents/archives/2004/Citigroup_BankPartnersWithLSE.htm (686 words)

	Citigroup - Home
		Citigroup in Australia reflects the global Citigroup organisation structure with its three major business divisions - consumer group, corporate and investment banking and wealth management.
		It is one of the few investment banking groups in Australia with a full range of services and the ability to tap capital and expertise around the world.
		Citigroup aims to make the local communities in every country in which it operates a better place.
	www.citigroup.com.au /Citigroup/Dyn/FrontPage (255 words)

	Meet the Street: The Art of Giving
		For Citigroup (C:NYSE - news - commentary - research - analysis) Private Bank clients, each of whom have a minimum net worth of $3 million, wealth is about growing assets and -- just as importantly -- sharing them.
		Citigroup private bankers practice what they call "strategic philanthropy." Simply put, the twofold goal is to help clients preserve substantial wealth, while also sharing that money via tax-efficient charities and trusts.
		Clare Costello is vice president of Citigroup Private Bank, which has $150 billion in assets under management worldwide.
	www.thestreet.com /funds/meetthestreet/10004602.html (681 words)

	Professional Wealth Management: Private bank acts as gateway to Citigroup empire
		Citigroup’s private banking chief Peter Scaturro believes Europe provides one of the bank’s largest opportunities and has an ambitious growth plan for the region.
		He is confident that a new global-oriented service will allow Citigroup Private Bank to increase revenues by 20 per cent annually in Europe, as it did worldwide during the last 12 months.
		Citigroup Private Bank is also prepared to buy in additional expertise.
	www.pwmnet.com /news/fullstory.php/aid/577/Private_bank_acts_as_gateway_to_Citigroup_empire.html (1288 words)

	Citigroup - Business Information (Site not responding. Last check: 2007-07-20)
		The Citigroup Private Bank, one of the largest private banking businesses in the world, provides personalized wealth management services for clients through its nearly 470 private bankers and 230 product specialists in more than 30 countries.
		The Citigroup Private Bank offers unmatched global reach, coupled with a broad range of portfolio management and investment advisory services from Citigroup Asset Management, an array of structured lending and banking services, as well as expertise from the Global Corporate and Investment Bank.
		Citigroup Private Bankers act as trusted advisors, designing and coordinating insightful solutions for individual client needs, with an emphasis on personalized, confidential service.
	www.citigroupai.com /citigroup/fin/gwm.htm (387 words)

	Citigroup Private Bank (Site not responding. Last check: 2007-07-20)
		Citigroup Inc., the world's largest bank, was forced to close its private banking...
		Roxane McMeeken quizzes Citigroup’s private banking chief Peter Scaturro on the...
		Citigroup Private Bank appoints Elissar Farah Antonios as Chief...
	www.consolidate-2.loan-directories.com /citigroup-private-bank.htm (284 words)

	ABC News: Citigroup names new head for private bank (Site not responding. Last check: 2007-07-20)
		The Citigroup Private Bank, which caters financial services for high net-worth individuals and others, is one of the three businesses in its Global Wealth Management division.
		The two other big private banks in the United States — those of J.P. Morgan Chase and Co. and Bank of America — both recently appointed new executives.
		The change is part of a broader reshuffling in the private banking business, which serves the wealthiest clients.
	abcnews.go.com /Business/wireStory?id=833106 (270 words)

	Bank
		The traditional bank has an inherent tendency to crisis.
		This is because the bank borrows short term and lends leveraged long term.
		For example, the largest bank, Citigroup, which for the past 3 years has made more profit then any other company in the world, has only a 5 percent market share.
	www.xasa.com /wiki/en/wikipedia/b/ba/bank.html (1657 words)

	[No title]
		Citigroup (nyse: C - news - people) Chief Executive Charles O. Prince has promoted his U.S. private bank head to take over the global private bank--which has gotten bruised in the last year for its regulatory run-ins in Japan.
		The latter was forced to leave in October, along with two other senior Citi executives, after Japanese regulators revoked its private bank license due to lax account controls.
		The financial giant's private bank is part of its Global Wealth Management division, headed by Todd Thomson--who, in turn, used to run the private bank.
	www.lycos.com /info/citigroup--citigroup-private-bank.html?page=2 (290 words)

	Citigroup (Site not responding. Last check: 2007-07-20)
		The Citigroup Private Bank, one of the largest private banking businesses in the world, provides personalized wealth management services for clients through 132 offices in 89 cities in 36 countries.
		The Citigroup Private Bank offers unmatched global reach, coupled with a full range of portfolio management and investment advisory services from Citigroup Asset Management, an array of structured lending and banking services, as well as expertise from the Global Corporate and Investment Bank.
		Citigroup Private Bankers act as financial architects, designing and coordinating insightful solutions for individual client needs, with an emphasis on personalized, confidential service.
	www.garyplayer.com /news/enterprises-GaryPlayerBecomesAmbassadorforCitigroupPrivateBank.01.22.04.asp (329 words)

	The Citigroup Private Bank: Wealth Advisory Services
		Nothing better illustrates The Citigroup Private Bank's unprecedented ability to serve the unique needs of exclusive clients than our distinctive advisory services.
		Created in 2001 by the Citigroup Private Bank, the Multiple Residence and Farm Advisory Group advises clients on the management and maintenance needs of their properties and assists in designing a working plan for staff to provide these services.
		“The Citigroup Private Bank” is a business of Citigroup Inc., which provides its clients access to a broad array of products and services available through bank and non-bank affiliates.
	www.citibank.com /privatebank/wealth_life.htm (614 words)

	West - News Room
		Citigroup then works with the firms to help them identify and implement strategies to better compete with peer firms, improve profitability and position themselves to attract and retain top talent.
		Citigroup, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management.
		The Citigroup Private Bank offers unmatched global reach, coupled with a full range of portfolio management and investment advisory services, an array of structured lending and banking services, as well as expertise from the Global Corporate and Investment Bank.
	west.thomson.com /news/releases/citigroupalliance.aspx (915 words)

	PRIVATE ASSET MANAGEMENT (Site not responding. Last check: 2007-07-20)
		Bank of America--The Private Bank at BofA made a number of changes to its compensation structure to encourage its brokers, bankers and trust officials to offer its range of services to clients.
		BofA, led by private banking chief Alan Rappaport, melded traditional fee-based broker and salary-based private banker compensation models by teaming up its bankers and brokers and switching to a salary/bonus/incentive model.
		The Deutsche Bank Private Bank, under the leadership of Gloria Nelund, fine-tuned its post-merger integration with Scudder and took the talent from each legacy organization for its leadership roles.
	www.iiwealthmanagement.com /default.asp?Page=1&SID=274902&ISS=6144 (515 words)

	PRN Wire: Citigroup Private Banks Investment Outlook Neutral to Bearish for Rest of Year
		Singapore - Aug 16, 2004 (PRN): Asia's wealthy who attended the Citigroup Private Bank's five-city Asian investment outlook tour recently were advised to invest long-term, and to expect few opportunities for short-term gains in global markets described as "uncertain".
		Mike Even, Chief Investment Officer of the Citigroup Private Bank and Citigroup Asset Management, said in Hong Kong that the excitement of the first quarter was dampened by a lack-lustre second quarter.
		The Citigroup Private Bank estimated that US economic growth would slow from 4.5% in 2004 to 3.5% in 2005, and that the US Federal Reserve Board would raise interest rates gradually to reach 2.75 percent in mid-2005.
	www.pressreleasenetwork.com /newsroom/news_view.phtml?news_id=940 (851 words)

	Citigroup's Krawcheck steps aside as CFO, takes global wealth management job - USATODAY.com (Site not responding. Last check: 2007-07-20)
		NEW YORK (AP) — Citigroup (C) said Monday that Sallie Krawcheck will step aside as chief financial officer and instead become chairman and chief executive of the bank's global wealth management division.
		Citigroup named Druskin COO last month, responding to investor pressure to cut costs, boost revenue and rejuvenate the financial giant's sagging stock price.
		Citigroup becomes the third of the four largest U.S. banks to replace its CFO in the past year, joining Bank of America (BAC) and Wachovia (WB).
	www.usatoday.com /money/industries/banking/2007-01-22-citi-krawcheck_x.htm?POE=NEWISVA (427 words)

	The Citigroup Watch, from Inner City Press & Fair Finance Watch
		Citigroup finances and is involved in such environmentally destructive projects, including as a purchaser, despite contrary claims and its surreal inaccurate advertisements.
		For Citigroup, the spread is from nine percent to a high of 71.61 percent, in Mississippi.
		Citigroup’s chairman Sandy Weill, who referred the question about the HOEPA loans to CEO Chuck Prince, who passed the buck to Willumstad, was recently in Turkey with Citi Global Bank head Michael Klein, meeting with prime minister Recep Tayyip Erdogan.
	www.innercitypress.org /citi.html (14929 words)

	WebWire \| Citigroup Announces Acquisition of Quilter
		John Longley, Citigroup’s Global Head of Citigroup Wealth Advisors (CWA), also noted: “Quilter and CWA share a strategic focus to serve a vital, growing and very attractive segment of the market, one that we have served very well and with great success in the U.S. through our industry leading Smith Barney franchise.
		Citigroup Global Wealth Management is a business of Citigroup, Inc., and comprises Smith Barney (known as Citigroup Wealth Advisors outside the U.S.), The Citigroup Private Bank and Citigroup Investment Research.
		Citigroup, a leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and wealth management.
	www.webwire.com /ViewPressRel.asp?aId=25060 (645 words)

	Close Private Bank - Offshore Investments, Offshore Banking
		Senate Panel Plans Close Look At Citigroup's Secret Transfers.testifies at the hearings Tuesday that the bank made mistakes in its private banking unit and that problems were not.- Save.
		Regulators ordered Citigroup to close its Japanese private banking operations because of serious violations of the country's banking laws.were uncovered at the Private Bank Group, which led us.nytimes.com/2004/09/18/business/worldbusiness/18citi.html?ei=5035and.- - Save.
		Citigroup's Private Bank in Japan Is Ordered to Close (Update4.The private bank provides services for wealthy customers who have more than 100 million yen ($909,256) of financial.quote.bloomberg.com/apps/news?pid=10000103andsid=aX4OAz.IPkqQand.- - Save.
	www.offshore-resources.net /closeprivatebank.htm (378 words)

	Citigroup Careers
		The Citigroup Private Bank, one of the largest private banking businesses in the world, provides personalised wealth management services for clients through 129 offices, located in 90 cities, spanning 36 countries.
		The Citigroup Private Bank offers unmatched global reach, coupled with a full range of portfolio management and investment advisory services.
		Citigroup Private Bankers act as financial architects, designing and co-ordinating insightful solutions for individual client needs, with an emphasis on personalised, confidential service.
	www.careers.citigroup.com /careers/homepage/emea/privatebank.htm (127 words)

	The Citigroup Private Bank Global Survey of Most Affluent Group Ever Polled Reveals Geographic Investment Preferences ... (Site not responding. Last check: 2007-07-20)
		The Citigroup Private Bank conducted a global survey of many of the most affluent investors in the world on their views on how they manage their wealth, their investment priorities and their risk profiles.
		According to David Rosenberg, U.S. Head of Investment Solutions at The Citigroup Private Bank, "The survey confirmed some widely reported trends among ultra-affluent investors such as the increasing financial sophistication of this population overall and their continued interest in alternative investments.
		Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in approximately 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management.
	press.arrivenet.com /bus/article.php?id=574868 (1047 words)

	The Citigroup Private Bank's five major investment views for 2006 \| Citigroup
		Dubai-Clients of The Citigroup Private Bank in the Middle East were provided an overview of the investment outlook for 2006 by the private bank's foremost wealth management experts at a specially convened seminar.
		The bank advises high net worth individuals and families with a minimum net worth of USD 10 million, including a quarter of the Forbes list of billionaires globally.
		Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management.
	www.ameinfo.com /76050.html (1571 words)

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