Citigroup Inc. (Citi) is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998. The Group has approximately 200 million customer accounts and does business in more than 140 countries. Total assets: 1.914 trillion (as of December 31, 2010). Net profit: US$ 10.6 billion (2010), US$ 11.3 billion (2011).
Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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Citigroup Inc. :: Press Releases
24.01.2012 Citigroup reports fourth quarter 2011 net income of $1.2 billion, compared to $1.3 billion in fourth quarter 2010. Full-year 2011 net income was $11.3 billion, compared with $10.6 billion for the prior year.
17.10.2011 Citigroup reports third quarter 2011 net income of $3.8 billion, compared to $2.2 billion in third quarter 2010. More
15.07.2011 Citigroup reports second-quarter 2011 net income of US$ 3.3 billion, compared to US$ 2.7 billion in Q2 2010. More
18.04.2011 Citigroup Inc. reports first quarter 2011 net income of US$ 3.0 billion, compared to US$ 1.3 billion in the fourth quarter 2010. More
19.01.2011 Group reports full year 2010 net income of $10.6 Billion compared to a net loss of $1.6 billion in 2009. Fourth quarter 2010 net income of $1.3 billion. More
Financial News
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
U.S. banks begin charging monthly debit-card fees - 01.10.2011 Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Source: CNNMoney
Citigroup Inc. (Citi) is a major American financial services company based in New York City, formed from the merger of Citicorp and Travelers Group on April 7, 1998. The Group has approximately 200 million customer accounts and does business in more than 140 countries. Total assets: 1.914 trillion (as of December 31, 2010). Net profit: US$ 10.6 billion (2010), US$ 11.3 billion (2011).
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