ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

Brazil's Caixa: Banks Optimistic on Recovery in Second Half

BRASILIA--Brazilian banks are optimistic about the prospects for a recovery of the local economy during the second half of this year, the president of state-controlled bank Caixa Economica Federal, Jorge Hereda, said Wednesday. Hereda made the declaration following a meeting with Brazilian Finance Minister Guido Mantega, Central Bank President Alexandre Tombini, and executives of top private sector banks in Brazil. "The minister spoke with the banks about the perspectives for the second half," Mr. Hereda said. "The opinion of all the banks is that the economy is going to recover and we'll have good growth." According to recent central bank market surveys, Brazil's economy is seen growing by about 1.9% this year after growth of 2.7% in 2011. Government officials, however, have said they believe the economy will be growing at a rate of more than 4% by the end of the fourth quarter due to recent government stimulus measures and central bank interest rate cuts. The Caixa president, meanwhile, said that government officials at Wednesday's meeting didn't express concerns that interest rates on loans from the local banking sector were too high to help promote a recovery. "The reduction of banking spreads is already occurring," Mr. Hereda said. Banking sector officials also at the meeting included Banco Itau President Roberto Setubal, Banco Santander President Marcial Portela, Citibank Brasil President Helio Lima Magalhaes, HSBC President Andre Brandao, Banco Bradesco Vice-President Julio Araujo, Banco BTG President Persio Arida, and Banco Safra Vice-President Silvio Aparecido de Carvalho. Private bank officials present, however, declined to make comments on the discussions at the meeting. Write to Gerald Jeffris at gerald.jeffris@dowjones.com

Stock News for Citigroup (C)
DateTimeHeadline
09/02/201509:44:00Citigroup Inc. Announces Offers to Purchase Euro and Sterling...
09/02/201506:49:00Citigroup to Sell Consumer Banking Business in Hungary to Erste
09/02/201506:02:12Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
09/02/201504:27:00Citi Announces Agreement to Sell Consumer Bank in Hungary
09/02/201504:00:00Citi Appointed Depositary Bank for Merlin’s ADR Programme
09/01/201516:35:53Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/01/201515:53:00Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/01/201515:52:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/01/201515:41:33Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/01/201514:40:48Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/01/201509:57:22Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/01/201509:53:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/01/201509:00:00Citi Aims to Raise $1 Million by Year-end in Support of No Kid...
08/31/201519:40:00Forever 21 Rethinks Its Love of Giant Stores
08/31/201514:15:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/31/201513:56:23Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/31/201513:40:00Russia, Venezuela to Discuss Potential Steps to Stabilize Oil...
08/31/201512:50:00Oil Prices Rally
08/31/201504:00:00Iliad Lifted by New Mobile Clients
08/28/201515:56:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad