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June, 23 CEE Banking Sector Report: Total assets in CEE Banking sector grew 25 per cent in 2008 to €1,772 billion.

May, 13 Citigroup uses almost $45 billion TARP Funds for Loans.

May, 11 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about $7.3 billion.

May, 10 Berkshire Hathaway - Net loss in 1Q 2009 amounted to 1.53 billion U.S.

May, 8 U.S. banks back the State for more than $25bn received under the troubled asset relief program (TARP).

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Citigroup Inc.


Citigroup Inc.Citigroup Inc. 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. According to Forbes Global 2000 in March 2007, it is tied for the world's largest company, with total assets of US $2.02 trillion. The company employs just under 300,000 staff around the world, and holds over 200 million customer accounts in more than 100 countries. It is a primary dealer in US Treasury securities and its stock is a component of the Dow Jones Industrial Average. The Group provides services for consumers, corporations and governments, its brands include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex and Nikko.

Headquarters:San Antonio, USA
Address:100 Citibank Drive San Antonio, TX 78245
Phone: 1-800-374-9700
Founded:1998
Web:www.citibank.com
ID: 343


Business and Financial News

The European Central Bank injects €442 billion into banking system - 25.06.2009
The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected.
 
More credit card rules could hurt Visa and MasterCard - 23.06.2009
Visa Inc and MasterCard Inc, the world's largest payment networks, could face lower revenue and pressure on their stock prices amid a push for increased U.S. regulation of credit cards.
 
Top 100 banks saved from bankruptcy - 23.06.2009
Since October 1, 2008, Russian banks have repaid $50 billion worth of loan payments, Finance Minister Alexei Kudrin said at a banking conference in Moscow today.

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