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Citigroup posts quarterly shareholder loss

Citigroup Inc posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.

UPDATE 1-Citigroup posts quarterly shareholder loss

Citigroup Inc (C.N) posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.

Citi to sell Phibro to Occidental, price seen low

Citigroup Inc agreed to sell its Phibro energy trading business to Occidental Petroleum Corp for a pittance, allowing the bank to calm regulators who were outraged over a $100 million pay package the unit was obliged to pay a star trader.

Citigroup to offload Phibro, Hall to Occidental

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U.S. pay czar Feinberg using formulas, not caps

President Barack Obama's pay czar said on Friday he was using formulas and data analysis to determine executive compensation rather than relying on pay caps.

Citigroup U.S. retail bank focusing on 6 cities

Citigroup Inc's U.S. retail banking business plans to focus its marketing efforts on six cities, a source familiar with the matter said, but the bank's chief executive said he does not plan to dramatically shrink its branch network.

Daily Outlook - Sept 18

Fed Takes Role on Pay; Citi Draws a Line; Airbus Sees Tough Years

Citigroup CEO says $100 million annual pay is too much

Citigroup Chief Executive Vikram Pandit said on Thursday that $100 million is too much for an employee to earn given the bank's circumstances.

Daily Wrap Up - Sept 16

Cuomo pressures BofA; Cit's Wait and See; Fed Divided on Rate Hikes

Citi to pay back U.S. when recovery more evident

Citigroup Inc plans to pay back $20 billion it owes the government when the bank sees more concrete signs of recovery, Chief Executive Vikram Pandit said on Wednesday.

Banks change CEOs, but will that make them safer?

Morgan Stanley could be the first of many big banks to tap their more staid businesses for the next generation of leaders, but that might not be enough to contain the culture of risk-taking that creates financial meltdowns.

Daily Outlook - August 5

House shopping growing, Layoffs to grow, Consumer profit slides

Citi plans to sell 20 consumer finance businesses: report

Citigroup plans to sell 20 businesses in consumer finance area, many of them located in Europe, its CEO Vikram Pandit said in an interview with Singapore's Business Times.

U.S. becomes Citigroup's biggest shareholder

One hundred ninety-seven years, one month and 14 days after its founding, Citigroup Inc has given a roughly 34 percent stake to U.S. taxpayers.

Citigroup names 3 directors, gives Grundhofer job

Citigroup Inc said it has appointed three new directors, including a former New York State banking superintendent, and given board member Jerry Grundhofer the job of chairman of its retail banking unit.

Citigroup names three directors, adds Grundhofer role

Citigroup Inc said it has appointed three new directors and installed a new chief to oversee its retail banking unit, addressing criticism that it lacks enough leaders with commercial banking experience.

Citigroup losses masked by Smith Barney gain

Citigroup Inc on Friday said loan losses surged again in the second quarter, yet gains from selling most of its Smith Barney brokerage helped the company report the highest profit among big U.S. banks.

Banks' red ink shows consumers still bruised

Bank of America Corp and Citigroup Inc raised huge red flags on Friday with quarterly results that suggested the U.S. consumer remains sorely injured as the global recession drags on.

Citigroup Brazil top dealmaker to leave: report

Ricardo Lacerda, Citigroup's top investment banker for Brazil and Latin America, will leave his post within the next three months, a local newspaper reported on Monday.

Citigroup shakes up top management

Citigroup announced on Thursday its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.

Citigroup replaces CFO and Citibank chief; Crittenden departs

As Citigroup downsizes, chief executive Vikram Pandit announced today he is installing new senior managers at the company's top ranks.

Citigroup shakes up top management, replaces CFO

Citigroup Inc on Thursday announced its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.

Brazil offers samba of confidence to investors

Even if President Lula da Silva is wrong when he said God must be Brazilian, the country is still experiencing miracles in terms of its notable economic progress while a greater part of the world has lagged due to the economic recession.

SEC may tighten executive pay rules: sources

U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.

SEC may change executive pay disclosure: sources

Banks view regulation plans as just proposals

The U.S. banking industry played down the Obama administration's proposals on Monday for the most wrenching regulatory changes since the Great Depression as just that -- proposals.

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