19 articles found within the last year.
Displaying results 1 - 19
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Citigroup and UBS settle deal on payback
Investors with auction-rate securities from Citigroup and UBS ... Under final settlements announced Thursday with regulators that ... Citigroup already has bought back $6.2bn (€4.6bn) of ... On October 31, UBS started to make a ... UBS declined to specify exactly how much it...
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Pandit blames over-concentration in property and trading
Vikram Pandit, chief executive of Citigroup, which accepted ... In an hour long interview with PBS's Charlie ... Last week, Citigroup became the latest Wall Street ... At the weekend it was forced to accept ... According to a transcript of the interview published ... Pandit, who took over as chief executive from...
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News analysis: Shorting is not the problem for Citigroup
As Citigroup became the focus of fevered speculation ... Vikram Pandit, the bank's chief executive, quickly called ... In a statement released on Thursday last week, ... Cox said: "In addressing turbulent market conditions, it ... However, the latest market data from dataexplorers.com, which...
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Share slump drags Citigroup from top 15
Citigroup, the biggest bank in the world by ... Citigroup's share price fell to $5.00 (€3.98) in ... On November 4, Citigroup's shares were trading at ... Citigroup had been the world's biggest bank by ... British bank HSBC is now ranked third in ... The table is dominated by Chinese banks, with...
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Citigroup cautions wealthy Asian clients against emerging markets
Citigroup’s private banking division is cautioning rich Asian ... Tay attributed this outlook to several factors including ... Citing the worrying geo-political climate in countries such...
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Street firms accused of tax scheme
Some of the US' biggest investment banks and ... The year-long probe, which relied in part on ... Some of the internal emails show that bank ... The report is scheduled to be released Thursday ... The report is critical not only of banks ... Foreign investors, such as offshore hedge funds, are...
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Citi sets up retail structured investment group
Citigroup has set up a group responsible for ... The US bank has appointed Richard Burns, currently ... The group has been set up to "capitalise ... The memo from Jim Cowles, head of Global ... Burns will continue to manage the multi-asset & ... The group's formation follows sweeping structural changes to...
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Citigroup shifts equity research arm from wealth unit
Citigroup on Friday confirmed a plan to bring ... The decision overturns a landmark move in 2002 ... The new division, which will bring together all ... Andrew Pitt, head of Citigroup’s investment research, will...
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Citigroup private banking unit tips mining stocks to shine
Citigroup's private banking unit has picked mining and ... "We like the mining sector because of attractive ... He also identified commercial real estate as a...
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Citigroup moves to close Tribeca convertible fund
Citigroup, the largest US bank by assets, is ... Tribeca Convertible, part of the $2.4bn flagship TGI ... Andrew Wang and Jeffry Chmielewski, the fund's managers,...
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Citi UK affluent unit in FSA money laundering probe
Citigroup's International Personal Bank has frozen its take-up ... The IPB, which caters for wealthy customers, banned ... The unit, which has 170,000 customers globally, has ... A spokeswoman for Citigroup made clear the probe ... A spokeswoman for the FSA said: "We require...
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Citigroup feels the strain in alternatives
Citigroup’s new advertising slogan, designed to encapsulate what ... After the year the US commercial bank has ... The latest trauma hit the bank this month ... Old Lane had been dogged by mediocre returns ... Citigroup extended a $500m credit line in February ... The problems in Citigroup’s alternative investment division, which...
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Citigroup to close hedge fund in blow to chief executive
Citigroup is closing a hedge fund co-founded by ... Old Lane Partners has been dogged by mediocre ... Pandit personally reaped at least $165m when Citigroup ... But as the fund struggled, Citigroup was forced ... Citigroup officials considered a plan to replenish Old ... The memo was premature. Citigroup later decided against...
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Credit Suisse poaches senior private bankers from Citigroup
Credit Suisse declared that the team of relationship ... The seven-person team, which comes to Credit Suisse ... Zinman and Dertouzos joined Citigroup in 2001, both ... “This team is widely recognised in the industry...
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Citigroup veteran quits after hedge fund losses
Reaz Islam, the manager of two Citigroup hedge ... Islam, an 18-year veteran of Citigroup and its ... Falcon has lost more than 75% of its ... Citigroup decided last month to set aside $250m ... But at least two lawsuits have been filed...
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Say-on-pay doesn't play on Wall Street
Blunders and bad luck have cost shareholders of ... At Citigroup, JP Morgan Chase, Merrill Lynch and ... In contrast, shareholder backing of nonbinding say-on-pay proposals ... "The momentum for say-on-pay at financial companies has ... Explanations for the laissez-faire attitude toward executive compensation...
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Citigroup offers $250m to Falcon investors
Citigroup is coming under pressure to bail out ... The company has begun quietly asking private clients ... Falcon Strategies - an investment vehicle that traded ... The legal action is being led by Robert...
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Citigroup eyes annual revenue growth at wealth unit
Citigroup on Friday said it is targeting annual ... The bank said this is part of its ... The news came as the bank unveiled plans ... In slides posted on the largest US bank's...
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National Australia Bank on verge of buying Citigroup wealth unit
A deal for National Australia Bank to buy ... The purchase may be sealed within the next ... The price being offered for Citi Smith Barney,...
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