DealBook (Free subscription) | 07/24/2008
Citigroup reported that it has more than doubled its stockpile of cash and easy-to-sell securities since last year, and Gary Crittenden, the giant bank’s chief financial officer, said the company has no plan to break up. Citigroup increased its so-called liquidity to $65 billion as of June 30 from $24 billion as of Dec. 31, Treasurer [...]
DealBreaker (Free subscription) | 07/24/2008
For those of you losing sleep over the thought of shrinkage at the house of Citi, DO NOT FEAR: despite calls by persons with a clue, the great big behemoth wants you to know that's never going to happen. On a conference call yesterday, chief financial officer Gary Crittenden told analysts-- worried that this last quarter's results were a sign of great things to come-- that the bank doesn't...
Boston Globe (Free subscription) | 07/24/2008
Citigroup Inc. Chief Financial Officer Gary Crittenden said yesterday that there are no plans to split the company because of credit-related problems and that its capital levels remain strong.
Market Watch (Free subscription) | 07/23/2008
Citigroup Inc. Chief Financial Officer Gary Crittenden on Wednesday said in the most direct terms yet that management will keep the company whole. "We really don't have any intention to split up the various elements of the banks, and so it's just not an issue that we focused on at all," Crittenden told the $2.1 trillion-asset company's debt holders during a conference call Wednesday....
International Herald Tribune (Free subscription) | 07/23/2008
Citigroup, the biggest U.S. bank by assets, more than doubled its stockpile of cash and easy-to-sell securities since last year and Gary Crittenden, the company's chief financial officer, said the firm has no plan to break up.
Smart Money (Free subscription) | 07/23/2008
NEW YORK (Dow Jones) -- Citigroup Inc. (C) Chief Financial Officer Gary Crittenden on Wednesday said in the most direct terms yet that management will keep the company whole. "We really don't have any intention to split up the various elements of the banks, and so it's just not an issue that we focused on at all," Crittenden told the $2.1 trillion-asset company's debt holders during...
CFO (Free subscription) | 07/21/2008
CFO Gary Crittenden describes the company's plan to improve its capital position and balance-sheet efficiency, while writing down massive losses.
CFO (Free subscription) | 07/18/2008
CFO Gary Crittenden describes the company's plan to improve its capital position and balance sheet efficiency, while writing down massive losses.
atHome Top Story (Free subscription) | 07/19/2008
... loans.Credit-card loss rates could soon rise to their highest levels ever, chief financial officer Gary Crittenden said during a conference call with analysts.Citigroup hasn't turned a profit for three straight quarters, losing a total $17.4 billion after writing down assets by about $46 billion. Citigroup's results were helped, however, by asset sales, moderating expenses and record...
International Herald Tribune (Free subscription) | 07/18/2008
... shares rose 9.9 percent in midday trading, up $1.78 to $19.75.In a conference call with analysts, Gary Crittenden, the chief financial officer, said there was still significant illiquidity and volatility in the markets."The fixed-income market continues to be disrupted, and investors remain wary," Crittenden said.But he emphasized that Citigroup was lowering expenses and that...
DealBook (Free subscription) | 07/18/2008
... buffer against future losses in a liquidity crunch.Defending the bank’s position on the dividend, Gary Crittenden, Citi’s chief financial officer, told Mr. Mayo on Friday that the dividend payments are based on the bank’s underlying earnings power, not on its current performance. Mr. Crittenden cited a litany of ways the bank has cleaned up its act, allowing itself to continue...
Los Angeles Times (Free subscription) | 07/18/2008
... more hefty losses. Default rates continued to rise on these loans, and Chief Financial Officer Gary Crittenden said during a conference call with analysts that credit card loss rates could soon rise to their highest levels ever.Citigroup has failed to turn a profit for three straight quarters, losing a cumulative $17.4 billion during that period after writing down its assets by about...
The Earth Times Online Newspaper (Free subscription) | 07/15/2008
NEW YORK (Reuters) - Citigroup Inc Chief Financial Officer Gary Crittenden said it could be two to three years before returns at the largest U.S. bank by assets improve significantly, The New York Times said on Tuesday.
Reuters UK (Free subscription) | 07/15/2008
NEW YORK (Reuters) - Citigroup Inc Chief Financial Officer Gary Crittenden said it could be two to three years before returns at the largest U.S. bank by assets improve significantly, The New York Times said on Tuesday.
Reuters (Free subscription) | 07/15/2008
NEW YORK (Reuters) - Citigroup Inc Chief Financial Officer Gary Crittenden said it could be two to three years before returns at the largest U.S. bank by assets improve significantly, The New York Times said on Tuesday.
