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
08/03/201516:49:44Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/03/201511:43:54Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/03/201511:12:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/03/201511:09:31Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/03/201510:50:10London Trader Hayes Convicted of Rigging Libor
08/03/201510:31:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/03/201510:00:03Citigroup Part of Regulators' Investigation Into Student Loans
08/03/201509:58:59Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
08/03/201509:40:46Citigroup Part of Regulators' Investigation Into Student Loans
08/03/201509:00:00John Hancock Group of Funds Selects Citi to Provide Fund Accounting...
07/31/201516:34:58Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/31/201515:50:01Oil Prices Fall as U.S. Rig Count Rises
07/31/201515:30:10Petrobras Tightens Controls in Wake of Price-Fixing Scandal
07/31/201511:15:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/31/201506:12:57Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/31/201506:12:56Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
07/30/201517:10:30Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/30/201516:45:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/30/201516:12:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/30/201516:03:38Current Report Filing (8-k)

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