Edition:
United States

Citigroup Inc (C)

C on New York Consolidated

65.18USD
28 Jun 2017
Change (% chg)

$0.00 (+0.00%)
Prev Close
$65.18
Open
$65.00
Day's High
$65.36
Day's Low
$64.52
Volume
24,015,244
Avg. Vol
17,079,490
52-wk High
$65.40
52-wk Low
$39.20

Latest Key Developments (Source: Significant Developments)

Citi's planned capital actions includes common stock repurchase program of up to $15.6 bln during 4 quarters starting in Q3 of 2017​
Wednesday, 28 Jun 2017 04:38pm EDT 

June 28 (Reuters) - Citigroup Inc ::Citi announces 2017 planned capital actions.Citigroup Inc - planned capital actions include an increase of Citi's quarterly common stock dividend to $0.32 per share.Citigroup Inc - ‍planned capital actions include common stock repurchase program of up to $15.6 billion during four quarters starting in q3 of 2017​.Citigroup Inc - planned capital actions total $18.9 billion over next four quarters.  Full Article

Citi Private Bank appoints Gregor Bollen to lead its London based Northern Europe team
Friday, 16 Jun 2017 04:59am EDT 

June 16 (Reuters) - Citi Private Bank : :Citi Private Bank appoints industry veteran to lead its London based Northern Europe team.Citi Private Bank - appointment of Gregor Bollen as head of its London based Northern Europe (NE) team.  Full Article

Citi sells its fixed income analytics and index businesses to London Stock Exchange
Tuesday, 30 May 2017 02:00am EDT 

May 30 (Reuters) - Citigroup Inc :Citi announces sale of its fixed income analytics and index businesses to London Stock Exchange group.‍transaction represents strategic business decision by Citi following an in-depth review process​.Citi announces sale of its fixed income analytics and index businesses to London Stock Exchange Group.Sale for a total cash consideration of $685 million, subject to customary adjustments.Transaction includes Citi's fixed income analytics platform, yield book, and Citi fixed income indices which include world government bond index.Subject to regulatory clearance and other customary closing conditions, transaction is anticipated to close in second-half of 2017.Citi made decision to divest businesses following a strategic review process.Citi believes that LSEG is a partner that will optimize outcome for fixed income analytics and index businesses.Citi's institutional clients group advised Citi on transaction .Skadden, ARPS, Slate, Meagher & Flom LLP served as legal advisor to Citi.  Full Article

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

More From Around the Web

Photo

Citigroup boosts buybacks, dividends beyond Wall St. expectations

NEW YORK Citigroup Inc has been granted permission to return nearly $19 billion of capital to shareholders after passing a tough regulatory test, a long-awaited victory for investors and Chief Executive Officer Michael Corbat.