http://www.advfn.com/nyse/rss.asp?symbol=C Citigroup Company Newsfeed en Fri, 24 May 2013 17:15:12 EDT Fri, 24 May 2013 17:15:12 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57728821&headline=visa-mastercard-strike-back-at-swipe-fee-settlement-foes http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57728821&headline=visa-mastercard-strike-back-at-swipe-fee-settlement-foes <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Visa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees. </p> <p> The world's largest payment networks asked a federal judge Friday... Fri, 24 May 2013 17:15:12 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57726460&headline=citibank-asks-u-s-court-for-argentina-bond-payment-assurances http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57726460&headline=citibank-asks-u-s-court-for-argentina-bond-payment-assurances <div class='newsbody'><p> By Ken Parks </p> <p> BUENOS AIRES--Citibank has asked a U.S. district court to confirm that its Argentine banking unit isn't bound by a ruling that bars the Argentine government from making payments on bonds it issued under New York law. </p> <p> Despite a previous ruling to... Fri, 24 May 2013 14:22:08 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57703932&headline=goldman-worlds-apart-from-j-p-morgan-as-investor-meeting-looms http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57703932&headline=goldman-worlds-apart-from-j-p-morgan-as-investor-meeting-looms <div class='newsbody'><pre> By Liz Moyer </pre> <p> Goldman Sachs Group Inc. (GS) will hold its annual shareholders meeting Thursday morning in Salt Lake City, nearly 2,000 miles from the firm's Wall Street headquarters--and seemingly a world apart from the tension that gripped the yearly investor gathering... Thu, 23 May 2013 09:24:33 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57689165&headline=penguin-to-settle-in-e-book-dispute http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57689165&headline=penguin-to-settle-in-e-book-dispute <div class='newsbody'><p> LONDON--Pearson PLC's book publishing business, Penguin Group, has agreed to pay $75 million to settle a dispute in the U.S. over the way it priced electronic books, drawing to a close an investigation into the publishing industry's e-book pricing tactics. </p> <p> In a brief... Wed, 22 May 2013 12:40:17 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57674995&headline=chevron-nears-sale-of-egypt-pakistan-downstream-assets-sources http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57674995&headline=chevron-nears-sale-of-egypt-pakistan-downstream-assets-sources <div class='newsbody'><p> Chevron Corp. (CVX) is in advanced talks to sell most of its downstream assets in Egypt and Pakistan in a sale that could be valued at around $300 million, the Reuters news agency said Tuesday on its website, citing three unnamed banking sources. </p> <p> The company is conducting... Tue, 21 May 2013 20:23:22 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57670533&headline=citigroup-ordered-to-pay-investors-1-million-related-to-auction http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57670533&headline=citigroup-ordered-to-pay-investors-1-million-related-to-auction <div class='newsbody'><pre> By Corrie Driebusch </pre> <p> NEW YORK--An arbitration panel has ordered Citigroup Global Markets Inc. to pay more than $1 million to two Texas corporations that claimed the brokerage kept them in auction rate securities when it knew the market was in trouble. </p> <p> Texas... Tue, 21 May 2013 14:20:07 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57669216&headline=trading-executive-shane-swanson-rejoins-citigroup http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57669216&headline=trading-executive-shane-swanson-rejoins-citigroup <div class='newsbody'><pre> By Jacob Bunge </pre> <p> Shane Swanson, an executive who helped build Citigroup Inc.'s (C) equity-trading business before starting a high-frequency trading firm, has rejoined the bank. </p> <p> Mr. Swanson returned to Citigroup April 29 as president of its Automated Trading... Tue, 21 May 2013 12:43:22 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57668109&headline=mexicos-antitrust-authority-endorses-financial-reform-proposal http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57668109&headline=mexicos-antitrust-authority-endorses-financial-reform-proposal <div class='newsbody'><p> By Amy Guthrie </p> <p> MEXICO CITY--Mexico's antitrust authority recommended Tuesday that Congress approve the government's proposed financial reform in an "expedited manner," as it sees the proposal benefiting consumers. </p> <p> The measure, drafted by a multiparty effort... Tue, 21 May 2013 11:45:50 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57663483&headline=risky-bank-debt-insurance-costs-drop-as-new-rules-loom http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57663483&headline=risky-bank-debt-insurance-costs-drop-as-new-rules-loom <div class='newsbody'><pre> By Ben Edwards </pre> <p> Traders and investors are dumping contracts designed to protect them against losses on bank bonds, not because they feel more relaxed about the risk on these bonds, but because proposed new rules on how these insurance-like instruments work could... Tue, 21 May 2013 08:34:57 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57650602&headline=citi-names-new-ceos-of-citimortgage-private-bank-and-citi-holdings http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57650602&headline=citi-names-new-ceos-of-citimortgage-private-bank-and-citi-holdings <div class='newsbody'><pre> By Liz Moyer </pre> <p> Citigroup Inc. (C) shuffled the top executives of several businesses including its private bank and mortgage unit and the unit that houses non-core businesses and assets. </p> <p> Jane Fraser will become chief executive officer of CitiMortgage after... Mon, 20 May 2013 12:50:53 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57650048&headline=bank-analyst-michael-mayo-doesnt-want-the-jamie-show-at-j-p http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57650048&headline=bank-analyst-michael-mayo-doesnt-want-the-jamie-show-at-j-p <div class='newsbody'><pre> By Matthias Rieker </pre> <p> When veteran bank analyst Michael Mayo heads to Tampa, Fla. to attend J.P. Morgan Chase &amp; Co.'s (JPM) annual meeting Tuesday, he will be looking for more than just the "Jamie Show." </p> <p> With shareholders pushing for changes to the board... Mon, 20 May 2013 12:16:51 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57614866&headline=fitch-affirms-ratings-on-12-global-banks http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57614866&headline=fitch-affirms-ratings-on-12-global-banks <div class='newsbody'><p> Fitch Ratings affirmed its credit ratings on 12 global banks as part of a periodic review, while raising its viability rating on Bank of America Corp. (BAC) on the "substantial progress" the Charlotte, N.C., bank has made in the past year in resolving some of its legacy issues... Thu, 16 May 2013 17:41:07 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57610825&headline=citigroup-offers-to-purchase-up-to-400-million-in-notes http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57610825&headline=citigroup-offers-to-purchase-up-to-400-million-in-notes <div class='newsbody'><pre> By Debbie Cai </pre> <p> Citigroup Inc. (C) is offering to buy back up to a total of $400 million in notes as part of ongoing efforts to enhance its funding and capital structure. </p> <p> The bank said it will commence an "any and all" tender offer for EUR600,000 (US$774,000... Thu, 16 May 2013 14:05:34 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57610458&headline=pandit-to-buy-1-5-stake-in-jm-financial http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57610458&headline=pandit-to-buy-1-5-stake-in-jm-financial <div class='newsbody'><p> After months of speculation about his whereabouts, former Citigroup Inc. Chief Executive Vikram Pandit has resurfaced with an India connection. </p> <p> Mr. Pandit will buy a 1.5% stake in Indian financial services firm JM Financial Ltd, and a firm led by him will invest $100... Thu, 16 May 2013 13:30:11 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57609338&headline=citi-to-move-forex-traders-off-bloomberg-chat-function http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57609338&headline=citi-to-move-forex-traders-off-bloomberg-chat-function <div class='newsbody'><p> Foreign exchange traders at Citigroup (C) will soon move from Bloomberg LP's chat tool to their own internal system, as part of a push to reduce data costs and migrate more people onto its own proprietary technology, people familiar with the bank's plans said. </p> <p> The move... Thu, 16 May 2013 12:20:22 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57607763&headline=mid-atlantic-manufacturing-activity-contracts http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57607763&headline=mid-atlantic-manufacturing-activity-contracts <div class='newsbody'><p> Mid-Atlantic manufacturers slipped into contraction this month, according to a report released Thursday by the Federal Reserve Bank of Philadelphia. </p> <p> The Philadelphia Fed's index of general business activity within its regional factory sector declined to -5.2 in May... Thu, 16 May 2013 11:10:15 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57605067&headline=further-cuts-to-european-aluminum-smelting-capacity-likely-citi http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57605067&headline=further-cuts-to-european-aluminum-smelting-capacity-likely-citi <div class='newsbody'><p> By Francesca Freeman </p> <p> Further production cuts are likely at Europe's aluminum smelters as the industry struggles with high operating costs and low metal prices, Citi's director of metals research and strategy said Thursday. </p> <p> Around 28% of the European Union's... Thu, 16 May 2013 09:25:50 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57594964&headline=soros-fund-cuts-some-big-banks http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57594964&headline=soros-fund-cuts-some-big-banks <div class='newsbody'><p> Soros Fund Management LLC disposed of stakes in banking giants J.P. Morgan Chase &amp; Co. (JPM) and Morgan Stanley (MS) in the first quarter, while lowering its position in Citigroup Inc. (C) and the SPDR Gold Trust (GLD), a gold-backed exchange-traded fund, according to a... Wed, 15 May 2013 18:30:07 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57594782&headline=soros-fund-cuts-some-big-banks-trims-gold-etf-stake-adds-to http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57594782&headline=soros-fund-cuts-some-big-banks-trims-gold-etf-stake-adds-to <div class='newsbody'><pre> By Brett Philbin </pre> <p> Soros Fund Management LLC disposed of stakes in banking giants J.P. Morgan Chase &amp; Co. (JPM) and Morgan Stanley (MS) in the first quarter, while lowering its position in Citigroup Inc. (C) and the SPDR Gold Trust (GLD), a gold-backed exchange-traded... Wed, 15 May 2013 18:08:22 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57591905&headline=teppers-appaloosa-firm-slashes-apple-stake-by-41 http://www.advfn.com/nyse/StockNews.asp?stocknews=C&article=57591905&headline=teppers-appaloosa-firm-slashes-apple-stake-by-41 <div class='newsbody'><p> Appaloosa Management LP, the hedge fund run by David Tepper, slashed its stake in Apple Inc. (AAPL) by 41% last quarter as the slump in the tech juggernaut's shares continued. </p> <p> Appaloosa held 540,000 shares in Apple by the end of March, down from 912,661 shares at the... Wed, 15 May 2013 16:20:20 EDT