Citigroup Inc. (NYSE: C) 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.
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.
10.08.2010 Citi today announced that it has been ranked as the number one Corporate bank card issuer in the U.S. by The Nilson Report. The ranking, based on transaction volume, places Citi well ahead of its nearest competitors. More
20.01.2010 Citigroup today reported a full year 2009 net loss of $1.6 billion. Managed revenues were $91.1 billion for the year. The fourth quarter 2009 net loss was $7.6 billion. More
12.05.2009 The Group announced that it will expand its previously disclosed public exchange offers by $5.5 billion. This increase reflects the results of the U.S. government's Supervisory Capital Assessment Program (SCAP). More
Business and Financial News
US gains access to European banking data - 01.08.2010 US terror investigators can now take advantage of the terms of an agreement drawn up with the EU, which gives them access to the details of bank transfers taking place between the EU and the rest of the world. Source: Deutsche Welle
Results of the 2010 EU-wide stress testing exercise - 23.07.2010 Further to its statements issued on 18 June, 7 July and 19 July 2010, CEBS today releases its summary report on the results of the EU-wide stress test exercise. Source: The Committee of European Banking Supervisors (CEBS)
European banks face stress test - 08.07.2010 The European Union and European Central Bank are pushing for more than 100 European banks to be stress tested, in an effort to avert another financial crisis. Source: Financial News
Siemens plans to set up its own bank - 30.06.2010 German industrial conglomerate Siemens AG plans to set up a bank of its own in an effort to reduce risks of financing difficulties following the economic crisis, the company said Monday. Source: Associated Press
Greek leader considers action against US banks - 17.05.2010 Greece may investigate U.S. investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in euro zone economies, Prime Minister George Papandreou said in comments broadcast on Sunday. Source: Reuters
Citigroup Inc. (NYSE: C) 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.
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