CITIGROUP

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Sick & Tired of Risk

What's your true level of risk today? No idea. But the least your fund manager, advisor or favorite financial columnist can do today is remember the lesson of 2007, and highlight the range of risks and possible fall-out which might lie ahead. Take inflation, for instance. Though small, the risk of currency devaluation and hyper-inflation in the developed West is still materially underpriced by gold bullion

Global Market overview 07/03/2011

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U.S. stocks ended lower on Friday as a spike in oil prices (driven by deepening unrest in Libya) overshadowed a strong February jobs report.
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World Market Overview 07/03/2011

U.S. stocks ended lower on Friday as a spike in oil prices (driven by deepening unrest in Libya) overshadowed a strong February jobs report.
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Citigroup

China's hostile audit raised Citi hackles: WikiLeaks

China used its regulatory powers to scour the books of Citibank Shanghai in a hostile and extraordinarily intrusive 2007 audit that appeared primarily aimed at controlling Citi's growth and uncovering its secrets to success, the bank's top China executive at the time told U.S. officials.
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Regulators set to curb bank bonuses, part of global move

Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.

Trust in business tumbled in 2010: survey

Americans' trust in institutions of all kinds dropped last year as persistently high unemployment sapped people's confidence in business and government, a newly released study found.
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Citi CEO Pandit's salary soars to $1.75 mln from $1

Citigroup Inc (C.N) Chief Executive Vikram Pandit got a $1,749,999 raise on Friday.Pandit pledged in 2009 to receive an annual salary of $1 until the struggling Citigroup returned to sustained profitability.
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Morgan Stanley fourth-quarter profit jumps

Morgan Stanley said fourth-quarter shareholder profit surged 60 percent as rising fees from wealth management offset the weak fixed-income trading results that have marred its competitors earnings.
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Africa M&A surges to record $44 bln in 2010

Mergers and acquisitions activity in sub-Saharan Africa surged to a record $44 billion in 2010, double the value of a year earlier, Thomson Reuters data showed on Wednesday.

Gold gains for third day; platinum at 30-month high

Gold rallied for a third consecutive session on Wednesday, boosted by broad weakness in the dollar and robust Asian consumer demand, while anticipation of more resilient global growth took platinum to 30-month highs.
US traders

US stocks open mixed after earnings, housing data

US stocks traded mixed in early trade on Wednesday, following mixed earnings from financial heavyweights Goldman Sachs and Wells Fargo and a government report showed that U.S. housing starts fell more than expected in December.

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