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Free Internet Press (Free subscription) | 5 hours ago
Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.The plans are the most concrete yet by Vikram Pandit, nearing his five-month anniversary as the bank's CEO, to prove himself a capable turnaround specialist at a company...
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Deseret Morning News (Free subscription) | 5 hours ago
Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review but only after shrinking the company by about one-fifth first.
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Business blog (Free subscription) | yesterday
Reuters - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.
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Turkish daily news (Free subscription) | 3 hours ago
Citigroup, reeling from the subprime mortgage crisis, said Friday it plans to sell roughly $400 billion in assets in a streamlining reorganization aimed at restoring the U.S. banking giant to
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Retail and Financial Information (Free subscription) | yesterday
Reuters - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.
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Reuters (Free subscription) | yesterday
TOKYO (Reuters) - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.
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DealBook (Free subscription) | 26 minutes ago
Perhaps the next Citigroup tagline should be “Let's Get It Right.” Three decades after Citicorp introduced “The Citi Never Sleeps,” Citigroup is borrowing from its past. A “Citi Never Sleeps” campaign began being shown in heavy rotation Sunday. But Citigroup’s marketing brain trust passed on that same idea about a year ago, according to The New York [...]
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Reuters UK (Free subscription) | yesterday
TOKYO (Reuters) - Citigroup is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.
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The Independent (Free subscription) | yesterday
Brian Berry, NPI's UK chief executive, left on Friday, having failed in a £400m bid for the business. Citigroup decided to abandon an auction process, in which Australian management is also thought to have been bidding, and instead sell NPI's existing investments over the next 18 months to two years. A company insider said: "We think NPI will appoint a small team to run off the business by spinning...
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Nikkei (Free subscription) | 05/10/2008
Restructuring Citigroup Eyes Selling Japan Consumer Finance UnitNEW YORK (Nikkei)--As part of its restructuring plan to sell off more than 400 billion dollars in assets over the next two to three years, major U.S. bank Citigroup Inc. is considering either unloading Japanese consumer finance company CFJ KK or reducing its operations significantly, it was learned Saturday.
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Retail and Financial Information (Free subscription) | 05/10/2008
AP - Citigroup Inc.’s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review but only after shrinking the company by about one-fifth first.
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Retail and Financial Information (Free subscription) | 05/10/2008
Reuters - Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.
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New York Times (Free subscription) | 13 hours ago
Replacing a tagline that fizzled last year, Citigroup’s new slogan, “Citi Never sleeps”, had previously been scratched.
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http://www.wisebread.com/feed (Free subscription) | 13 hours ago
By Jabulani Leffall Before you read on, know that this one of those listen-to-me-now-believe-me-later on posts. Enter the Sukuk : the interest-free loan, based on Muslim principals and before you laugh, understand this: Citigroup, Morgan Stanley, HSBC, Standard Chartered and others are getting into the Sukuk issuance business in force. Moreover, while we grunt and grimace at the fact that it...
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bharatbook | 03/12/2008
Bharatbook.com is proud to announce the new report “ Premium Company Profile: Citigroup Inc ” ( http://www.bharatbook.com/detail.asp?id=71782 ) from its vast collection of informative market research reports. Citigroup is a leading international financial services provider with a footprint in over 100 markets. This profile offers a comprehensive review of Citigroup's operations and performance. Scope
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bharatbook | 03/12/2008
JP Morgan Chase & Company (JPMC) is among the largest financial services companies in the US. This profile offers a comprehensive review of JPMC's operations and performance. Scope of this report Contains corporate strategy, value chain presence and SWOT Analysis Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors Includes information
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vedha | 01/17/2008
Favorable macro economic conditions helped the banking industry's assets and deposits in the major markets mentioned in the report, but for Europe and Japan, to register double digit growth. Banking industry in Japan is yet to come out of the impact of the decade long recessionary forces. Global Banking Industry Insight 2007 provides a broad overview of the industry, overview of the major markets...
