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Citigroup Inc.

2/23/2012, 8:04 AM ET
C Market Currents more »
  • Wednesday 12:07 PM Ireland's Sealink investment firm sues a rack of big banks (including JPM, C, BAC, RBS, CS and more) for $948.8M in damages over residential mortgage-backed securities, charging material misrepresentation and omissions in underwriting standards.
    11 Comments
    [Financials]
  • Wednesday 5:50 AM Citigroup (C) is facing a potential multibillion-dollar writedown as it begins unwinding its minority investment in the Morgan Stanley Smith Barney brokerage. Accounting complications and a reduced valuation could leave Citi facing an after-tax hit of up to $1.8B, more than it earned in Q4.
    2 Comments
    [Financials]
  • Tuesday 10:19 AM Vivendi's (VIVHY.PK) Universal Music is lobbying EU regulators to be given the go-ahead to buy EMI's recording business from Citigroup (C). However, with the combined company set to control over 50% of music sales in certain European countries, approval is far from guaranteed. Indie music trade association IMPALA is reiterating its opposition to the deal.
    Comment!
    [Consumer, M&A]
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    Wed, Feb 22 • InTheMoneyStocks.com • Comment!
  • Citi - Another Writedown Coming?
    Wed, Feb 22 • Michael Terry • Comment!
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    Tue, Feb 21 • gersegal • Comment!
  • Whitney R. Tilson - T2 Partners Q4/2011 Fund Portfolio
    Tue, Feb 21 • Dividend Sheet • Comment!
  • 9 Best Yielding Money Center Banks Below Book Value
    Tue, Feb 21 • Dividend Sheet • Comment!
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Company Description

Citigroup’s history dates back to the founding of Citibank in 1812. Citigroup’s original corporate predecessor was incorporated in 1988 under the laws of the State of Delaware. Following a series of transactions over a number of years, Citigroup Inc. was formed in 1998 upon the merger of... More

Sector: Financial
Industry: Money Center Banks
Country: United States