Will he be able to show real change, or will it be just more of the same? That’s the question facing Citibank (C) Chief Executive Vikram Pandit on Thursday as he will appear before a congressional panel in charge of overseeing the U.S. government’s rescue of battered financial firms.
The inquiry will surely be difficult for [...]
All Posts Tagged With: "Citigroup Inc. (NYSE: C)"
Citibank (NYSE: C) CEO Pandit to Testify Before Congress
Former Mexican President Zedillo Headlines Changes to Citigroup (NYSE: C) Inc. Board of Directors.
In an attempt to regain shareholder confidence, Citigroup Inc. (C) announced changes to their board of directors.
The moves were announced by Citigroup chairman Richard Parsons who began the turnover of the financial giant’s board last year to address what many saw as a culture too willing to overlook the risks as the company piled assets [...]
Citigroup (NYSE:C) CFO Says Employee Pay Will Be Competitive in 2010
The Chief Financial Officer (CFO) for Citigroup (NYSE:C), John Gerspach, stated unequivocally at a conference on Thursday that employees of the bank were paid competitively in 2009 and could expect to see similar pay in 2010. The statement came at a conference hosted by Credit Suisse, and comes at a time when the banking giant [...]
February 12th, 2010 | John | Comments | Continued
Is Citigroup (NYSE: C) Looking South for Successor to Pandit?
If speculation inside Citigroup (C) is to be believed, then former Latin America head Manuel Medina-Mora may be one step closer to fulfilling a large ambition.
Although current Citigroup CEO Vikram Pandit has only been in his position for 25 months and has no plans to relinquish his job, there is little doubt among industry insiders [...]
Live from Davos. Citigroup Inc. (NYSE: C) and Bank of America Corp. (NYSE: BAC) CEOs Defend Their Banks
Is it faith, trust, pixie dust, or just the rarefied air at Davos? Citigroup Inc. (C) CEO Vikram Pandit and Bank of America Corp. (BAC) CEO Brian Moynihan each defended their respective institutions in interviews that are sure to set the stage for what looks like an ongoing battle between Wall Street and Washington D.C.
Let’s [...]
The Next Bailout Recipients? Employees of Bank of America Corp. (NYSE: BAC), Citigroup (NYSE: C), and Goldman Sachs (GS)
You have to love, or at the very least, appreciate the irony. The latest victims in the imbroglio over banking compensation are … bank employees.
Bank of America Corp. (BAC) and Citigroup Inc (C) among others have instituted programs that are creatively instituting financial aid programs that accelerate cash bonus payments that have been deferred as [...]
Citigroup’s (C) GTS Global Footprint Complicates Downsizing Efforts
A little known unit with Citigroup, Inc. (C) is illustrating that the “too-big-to-fail” bank may not be too big when its primary client is the U.S. Government.
The Wall St. Journal reports that Citigroup’s Global Transaction Services unit (GTS), sends more than $3 trillion around the world each day for hundreds of corporations and dozens of [...]
“Turning an Oil Tanker On a Dime” – Citigroup (NYSE: C) One Year Later
Nearly a year after an unprecedented meltdown in the financial industry, the story of Citigroup (C) continues to be written in, and shape, the financial news.
A report on CNNMoney.com shows the financial giant has accomplished a lot in the last 12 months, shedding nearly $100 billion in assets. However analysts say the company that once [...]
Opinion: Should Citigroup, Inc. (NYSE: C), Capital One (NYSE: COF) Draw Criticism for Bowl Sponsorships
An article in the Houston Chronicle tapped into the populist sentiment against major banking institutions. Among their targets were Citigroup, Inc. (C) and Capital One (COF).
At issue is the sponsorship of college football bowl games, and whether or not it is appropriate for banks to maintain those sponsorships, particularly as it aligns with colleges – [...]
Citigroup (NYSE: C), Bank of America (NYSE: BAC) And JP Morgan (NYSE: JPM) Likely Benefactors From Expiring Corporate Debt In 2010
The year 2010 will see very large chunks of corporate debt maturing for many U.S. corporations, including several of the nations’ largest banks, such as Citigroup (NYSE: C), Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM). This trend means fewer interest payments, less costly debt borrowing and increased underwriting for the banks.
Take [...]
New report shows Citigroup (NYSE: C) and SunTrust (NYSE: STI) face more belt-tightening in 2010
Flurries of new regulations are adding expenses. Failing loans are cutting into revenue. It’s a recipe for continuing budget cuts for many banks.
A report by research firm SNL Financial confirms that cost-cutting is the new normal in banking these days.
In 2010, according to estimates by research firm SNL Financial:
Southeastern powerhouse SunTrust (STI) is expected to [...]
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says. 
This dog of a stock is finally moving in the right direction, and then "Citibank's team of equity strategists" downgrade ...