CITIGROUP NEWS

Citigroup Inc. is one of the largest financial services company in the world. As of 2005 it is the third largest company in terms of market capitalization and the second largest in terms of assets. The formation of Citigroup was announced on April 7, 1998 through a merger of Citicorp and Travelers Group. It was the first US company to combine banking with insurance underwriting since the Great Depression. The company has over 275,000 employees and over 200 million customer accounts in 100 countries.

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Equifax ID Patrol - Sponsored Link
Mon, 18 Aug 2008 18:33:00 GMT
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UPDATE: Hershey Shares Lose 10% On Outlook, Downgrade
Mon, 18 Aug 2008 18:33:00 GMT
SAN FRANCISCO (Dow Jones) - Hershey Co. shares tumbled as much as 10% Monday, knocked by the chocolate maker's profit outlook and an analyst downgrade. Citigroup cut Hershey to hold, while Stifel Nicolaus started coverage with a selling rating on the

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MARKET SNAPSHOT: U.S. Stocks' Losses Accelerate As Financials Woes Return
Mon, 18 Aug 2008 18:32:00 GMT
Stock declines accelerated in midday trade, as the financial sector deepened its slide amid reports of more losses at Lehman Brothers and of a bail- out for mortgage giants Fannie Mae and Freddie Mac. 'It's all about the financial sector again and these

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U.S. stocks' losses accelerate as financials woes return
Mon, 18 Aug 2008 17:59:00 GMT
NEW YORK (MarketWatch) -- Stock declines accelerated in midday trade, as the financial sector deepened its slide amid reports of more losses at Lehman Brothers and of a bail-out for mortgage giants Fannie Mae and Freddie Mac. 'It's all about the

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MARKET SNAPSHOT: U.S. Stocks' Losses Accelerate As Financials Woes Return
Mon, 18 Aug 2008 17:57:00 GMT
Stock declines accelerated in midday trade, as the financial sector deepened its slide amid reports of more losses at Lehman Brothers and of a bail- out for mortgage giants Fannie Mae and Freddie Mac. 'It's all about the financial sector again and these

[read more...]

UPDATE: Hershey Shares Lose 10% On Outlook, Downgrade
Mon, 18 Aug 2008 17:55:00 GMT
SAN FRANCISCO (Dow Jones) - Hershey Co. shares tumbled as much as 10% Monday, knocked by the chocolate maker's profit outlook and an analyst downgrade. Citigroup cut Hershey to hold, while Stifel Nicolaus started coverage with a selling rating on the

[read more...]

UPDATE: Hershey Shares Lose 10% On Outlook, Downgrade
Mon, 18 Aug 2008 17:55:00 GMT
By Matt Andrejczak SAN FRANCISCO (Dow Jones) - Hershey Co. shares tumbled as much as 10% Monday, knocked by the chocolate maker's profit outlook and an analyst downgrade. Citigroup cut Hershey to hold, while Stifel Nicolaus started coverage with a

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Stocks start week unsettled
Mon, 18 Aug 2008 17:55:00 GMT
NEW YORK (MarketWatch) -- Stock declines accelerated in midday trade, as the financial sector deepened its slide amid reports of more losses at Lehman Brothers and of a bail-out for mortgage giants Fannie Mae and Freddie Mac. 'It's all about the

[read more...]

Market Snapshot: U.S. stocks' losses accelerate as financials woes return
Mon, 18 Aug 2008 17:51:00 GMT
'It's all about the financial sector again and these problems resurfacing,' said Peter Cardillo, chief market economist at Avalon Partners. 'The market is wondering what is going to happen if the government really has to step in and bail out Freddie Mac

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MARKET SNAPSHOT: U.S. Stocks' Losses Accelerate As Financials Woes Return
Mon, 18 Aug 2008 17:50:00 GMT
By Nick Godt Stock declines accelerated in midday trade, as the financial sector deepened its slide amid reports of more losses at Lehman Brothers and of a bail- out for mortgage giants Fannie Mae and Freddie Mac. 'It's all about the financial sector

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Citigroup cuts S&P 500 year-end target
Mon, 18 Aug 2008 17:47:00 GMT
Citigroup lowered its 2008 year-end targets for S&P 500 and Dow Jones Industrial Average by about 5 per cent due to the weak credit environment, and said a year's worth of tightening credit is only now being felt. The brokerage cut its S&P 500 target to

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Citigroup to Reorganize Asia-Pacific Business
Mon, 18 Aug 2008 17:28:00 GMT
HONG KONG -- Citigroup Inc, the largest U.S. bank by assets, unveiled a reorganization of its Asia-Pacific business on Monday that gives regional heads increased authority across the bank's sprawling product lines. Citigroup's Asia business will be split

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Hershey falls on lower outlook; Citigroup downgrades stock to hold
Mon, 18 Aug 2008 17:24:00 GMT
NEW YORK (Thomson Financial) - Shares of Hershey Co. fell Monday after the company lowered its 2009 sales and earnings outlooks and said its 2008 earnings would be at the low end of a previously-announced range. The news prompted Citigroup to downgrade

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Credit crunch stiffens: U.S. corporate bond risk pushed higher
Mon, 18 Aug 2008 17:19:00 GMT
(Reuters)-U.S. corporate bond yields have surged back to record levels relative to Treasuries after Citigroup and other financial firms sold a flurry of high-coupon debt last week, pressuring yields upward in the broader market. The rising yields

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Hershey shares lose 10% on outlook, downgrade
Mon, 18 Aug 2008 16:57:00 GMT
Citigroup cut Hershey to hold, while Stifel Nicolaus started coverage with a selling rating on the stock. Shares of Hershey fell to $37.43 in late morning trading. Hershey (HSY:HSYNews, chart, profile, moreLast: Delayed quote dataAnalyst Create

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Citigroup's new Asia CEO reorganizes by region
Mon, 18 Aug 2008 16:16:00 GMT
By Tony Munroe HONG KONG (Reuters) - Citigroup Inc , the largest U.S. bank by assets, unveiled a reorganization of its Asia-Pacific business on Monday that gives regional heads increased authority across the bank's sprawling product lines. Citigroup's

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ARS settlements spawn special dispute process
Mon, 18 Aug 2008 15:30:00 GMT
Three firms agree to use single public arbitrator By Dan Jamieson August 18, 2008 Auction rate securities cases have spawned a new arbitration procedure that relies on a single public arbitrator to hear cases brought by investors who allege

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Debt sales push U.S. corporate bond risk to new highs
Mon, 18 Aug 2008 14:48:00 GMT
By Dena Aubin NEW YORK (Reuters) - U.S. corporate bond yields have surged back to record levels relative to Treasuries after Citigroup and other financial firms sold a flurry of high-coupon debt last week, pressuring yields upward in the broader market.

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Analysts' Upgrades, Downgrades: Hershey
Mon, 18 Aug 2008 13:32:00 GMT
Cadence Design CDNS upgraded at Citigroup from Hold to Buy. $11.50 price target. Stock also added to the Top Picks list. Hershey Foods HSY downgraded at Citigroup from Buy to Hold. $42 price target. Valuation call, as the stock is up 27% since July 1.

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MidnightTrader Earnings Play: Priceline.com
Mon, 18 Aug 2008 13:13:00 GMT
.3% at 103.20, paring its pre-market gain seen after Citi raised its rating on the stock to Buy vs. Hold, setting a $130 per share price target, according to Briefing.com. In six analyst rating changes tracked over the last year and a half, including

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Lessons learned from auction rate securities
Mon, 18 Aug 2008 12:56:00 GMT
Whether done voluntarily, as in the case of Merrill Lynch, or as the result of settlements with regulators, as with Citigroup, JPMorgan Chase, Morgan Stanley, UBS and Wachovia, the buy-backs of failed auction rate securities that giant Wall Street firms

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Man Group remains robust, says analyst
Mon, 18 Aug 2008 12:06:00 GMT
Despite the recent UK market rally, identified by Citigroup as starting on 16 July, Man Group shares have continued to fall, dropping by 14% since that date. The poor performance by the firm?s flagship AHL Diversified fund ? which fell by 7.5% in

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B&B underwriters left with 73% of shares after rights issue take-up
Mon, 18 Aug 2008 12:03:00 GMT
Troubled buy-to-let lender, Bradford & Bingley (B&B), has confirmed that 27.8% of its new shares, which were on offer at 55p each, have been taken up by investors. Consequently, underwriters, Citigroup and UBS will have to place the remaining 597

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Citigroup head of equity derivatives departs
Mon, 18 Aug 2008 11:17:00 GMT
Extract not available.

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Citigroup's New Asia CEO Reorganizes by Region
Mon, 18 Aug 2008 10:36:00 GMT
HONG KONG (Reuters) - Citigroup Inc , the largest U.S. bank by assets, unveiled a reorganization of its Asia-Pacific business on Monday that gives regional heads increased authority across the bank's sprawling product lines. Citigroup's Asia business

[read more...]

Citigroup's new Asia CEO reorganizes by region
Mon, 18 Aug 2008 08:34:00 GMT
HONG KONG (Reuters) - Citigroup Inc , the largest U.S. bank by assets, unveiled a reorganization of its Asia-Pacific business on Monday that gives regional heads increased authority across the bank's sprawling product lines. Citigroup's Asia

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Breaking Up Is Hard To Do: Will Other Banks Follow UBS Lead?
Mon, 18 Aug 2008 07:52:00 GMT
The reports: America's biggest banks have suffered unprecedented losses from the ongoing credit crisis, and that's made some investors question whether the big financial conglomerates should be broken up in order to survive. Break-up advocates, who for

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Citigroup's new Asia CEO reorganizes by region
Mon, 18 Aug 2008 07:33:00 GMT
HONG KONG (Reuters) - Citigroup Inc , the largest U.S. bank by assets, unveiled a reorganization of its Asia-Pacific business on Monday that gives regional heads increased authority across the bank's sprawling product lines. Citigroup's Asia business

[read more...]

Citi reorganises Asia unit by geography, product
Mon, 18 Aug 2008 07:28:00 GMT
HONG KONG US financial services giant Citigroup today unveiled a reorganisation of its Asia-Pacific business into four regions and seven product groupings under its new Asia chief executive, Ajay Banga. Citigroups Asia business will be split

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