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Citigroup Inc (C.N)

C.N on New York Stock Exchange

26 May 2017
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$0.12 (+0.19%)
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Latest Key Developments (Source: Significant Developments)

Citi issues statement on settlement with U.S. DOJ related to Banamex USA
Monday, 22 May 2017 10:49am EDT 

May 22 (Reuters) - Citigroup Inc ::Citi statement on settlement with U.S. Department of Justice.Settlement includes a non-prosecution agreement and a forfeiture amount of roughly $97 million, for which Citi is fully reserved.Statement regarding its settlement with U.S. Department of Justice (DOJ) related to conduct within Banamex USA (BUSA), unit of Citi.BUSA anticipates ceasing banking operations as of June 30, 2017.  Full Article

Citigroup files for floating rate notes of up to $1.5 bln
Wednesday, 17 May 2017 04:18pm EDT 

May 17 (Reuters) - Citigroup Inc :Files for floating rate notes of up to $1.5 billion due May 17, 2024 - SEC filing.  Full Article

Citigroup appoints new innovation head in Dublin
Tuesday, 16 May 2017 08:08am EDT 

May 16 (Reuters) - Citigroup Inc ::Says announces appointment of Gulru Atak as treasury and trade solutions Dublin lab and innovation head.  Full Article

Axoni says Citi joined its series A funding round
Thursday, 11 May 2017 08:03am EDT 

May 11 (Reuters) - Axoni:Capital markets technology firm Axoni says Citi has joined its series a funding round, bringing total amount raised to over $20 million.Axoni - citi joins Wells Fargo, NEX Group, J.P. Morgan, Goldman Sachs, Thomson Reuters, as series A investor.  Full Article

Poland's Bank Handlowy aims at double digit ROE in Q4 - CEO
Friday, 28 Apr 2017 07:37am EDT 

April 28 (Reuters) - Bank Handlowy w Warszawie SA :CEO Slawomir Sikora says bank aims to achieve double digit return on equity (ROE) in Q4, up from 8.7 percent in Q1."I would like ROE to be in double-digits in the fourth quarter," Sikora says.Says, "First-quarter results do not reflect business dynamics".Bank Handlowy, a unit of U.S. Citigroup <<>>, saw Q1 net profit at 42.7 million zlotys ($11.0 million) versus 104.4 million zlotys a year ago ID:nFWN1HZ1NS.  Full Article

S.Africa's Competition Tribunal confirms Citibank's 69.5 mln rand settlement
Wednesday, 26 Apr 2017 07:55am EDT 

April 26 (Reuters) - South Africa's Competition Tribunal - :Has confirmed Citibank N.A’s settlement agreement of 69.5 million rands for its role in the forex cartel.Fine does not exceed 10 pct of Citibank’s annual turnover in South Africa.Citibank has already begun supplying information that is helpful to the Commission’s investigation​.  Full Article

Citigroup to name Carmen Haddad as head for Saudi Arabia - Bloomberg, citing sources
Monday, 17 Apr 2017 07:39am EDT 

April 17 (Reuters) - :Citigroup said to name Carmen Haddad as head for Saudi Arabia - Bloomberg, citing sources.  Full Article

Citigroup reports Q1 2017 earnings per share of $1.35
Thursday, 13 Apr 2017 07:59am EDT 

Citigroup Inc : Citigroup reports first quarter 2017 earnings per share of $1.35 . Fixed income markets revenues of $3.6 billion in q1 2017 increased 19% . Citigroup Inc says Citigroup's allowance for loan losses was $12.0 billion at quarter end, compared to $12.7 billion . Qtrly equity markets revenues of $769 million increased 10% . Qtrly GCB revenues of $7.8 billion increased 1% . Qtrly ICG revenues of $9.1 billion increased 16% .Citigroup CEO Corbat says "the momentum we saw across many of our businesses towards end of last year carried into first quarter".  Full Article

Citigroup reports Q1 earnings per share of $1.35
Thursday, 13 Apr 2017 07:59am EDT 

Citigroup Inc : Q1 earnings per share $1.35 . Q1 Citigroup revenue $18.12 billion versus $17.56 billion . Q1 earnings per share view $1.24, revenue view $17.76 billion -- Thomson Reuters I/B/E/S . Reports Common Equity Tier 1 capital ratio 12.8 percent at Q1-end versus 12.6 percent at Q4-end . Reports tangible book value per share at Q1-end $65.94 versus $64.57 at Q4-end . Q1 operating expenses were $10.48 billion versus $10.52 billion . Q1 net credit losses $1.71 billion, down 1 percent . Reports return on tangible common equity 8.5 percent as of Q1 end .Q1 supplementary leverage ratio 7.3 percent.  Full Article

Citigroup sets quarterly dividend of $0.16per share
Monday, 3 Apr 2017 04:20pm EDT 

Citigroup Inc :Sets quarterly dividend of $0.16per share.  Full Article

More From Around the Web

MOVES-Citi appoints Watson head of EMEA multi-asset group

LONDON, May 26 (IFR) - Citigroup has appointed Matt Watson as head of its multi-asset group for Europe, Middle East and Africa, giving him regional oversight of the division responsible for cross-asset structuring and product development.