Sub-prime crisis in the US has taken its toll in the markets around the world. Several top American firms are facing some tough times. CEOs are bearing the brunt of investor's ire. One such man Charles Prince - Citigroup's top man who resigned on...
Tag - Citigroup
Robert E. Rubin, who was named Citigroup's chairman after the departure of Charles O. Prince III, has moved quickly to deal with the turmoil that has engulfed the banking giant. He expressed the board's commitment to Citigroup's dividend, its existing...
Citigroup Incorporation might still retain the dignity of being the largest financial institution in the United States of America but, there's little doubt that the bank is spiraling down into disgrace! The resignation of the Citigroup's CEO Charles...
HSBC Holdings Plc is eager to enter in South Korean banking business and needs a bigger network to compete with its archrivals Citigroup and Standard Chartered. After DBS's reluctance to purchase shares in the Korea Exchange Bank from the Lone Star,...
An affiliate of billionaire investor Edward S. Lampert's hedge fund has recently surprise experts at Wall Street by announcing that it has purchased more than 15 million shares of Citigroup. This move has left many on Wall Street wondering if...
Citigroup Inc. has announced that it has agreed to acquire Bisys Group Inc. in a $1.45 billion deal aimed to shore up the New York-based bank's services catering to private equity investors, mutual funds and hedge funds. The move is a part of...
Inspiring with recent upsurge in the Indian economy, the Trinity Capital listed with the AIM, set to invest $3 billion in coming five years in real estate related project. Trinity has also shown its interest to invest hospitality, commercial and...
General Electric Co., the world's second-largest company by market capitalization after ExxonMobil, should spin off its NBC and GE Money units and its real estate assets to unfasten value in the core company, Citigroup analyst Jeffrey Sprague said...
Citigroup Inc, the world's largest financial services firm, has announced that it will eliminate 17,000 jobs or almost 5 per cent of its total global workforce and plans to move 9,500 positions to India and other low-cost locations. The decision has...
Citigroup Inc. has announced that it will acquire Taiwan's Bank of Overseas Chinese for 14.1 billion New Taiwan dollars (US $426 million), to create Taiwan's largest foreign bank by assets, since the U.S. financial giant points towards expanding its...
Citigroup, the global banking giant, is preparing a round of cost cuts that could result in as many as 15,000 job losses and a $1 billion plus bill for redundancy pay-outs and other charges. The shake-up seems to be set to move beyond than Wall...
In an interesting twist in the $80 billion ABN AMRO-Barclays merger story, British hedge fund TCI has announced that it will take legal action against ABN AMRO, which at present involved in vigorous exclusive merger talks with Britain's Barclays....
Citigroup Inc. improved its takeover offer for Nikko Cordial Corp. by 26 percent to $13.4 billion after the Japanese brokerage's biggest investors rejected the previous bid. The decision to up the offer has been taken despite its earlier stance...
The Tokyo Stock Exchange has announced that it would not de-list the scandal-tainted broker, triggering speculations that Citigroup will have to raise its $10.8 billion bid. Following the announcement shares of Nikko Cordial surged 6.7 percent. Just...
Citigroup plans to sell its 137-year-old red umbrella (logo), to the insurance company St. Paul, as it streamlines its corporate identity. The company announces that its business would tie under the "Citi" brand with a simple stylized arc over its...
Archives
2008
2007
2006
2005
Fresh Comments