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Citigroup Inc (C)

C on New York Consolidated

66.00USD
21 Jul 2017
Change (% chg)

$-0.36 (-0.54%)
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$66.36
Open
$66.10
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Volume
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Latest Key Developments (Source: Significant Developments)

Citi and PayPal expand partnership to deliver enhanced payments experience
Thursday, 20 Jul 2017 08:59am EDT 

July 20 (Reuters) - Citigroup Inc ::Citi and PayPal expand partnership to deliver enhanced payments experience.PayPal Holdings Inc - ‍functionality is slated to launch in 2018​.PayPal Holdings - expansion of deal will enable eligible Citi cardmembers to use thankyou points to pay for purchases when shopping online​.  Full Article

Citigroup sets quarterly dividend of $0.32 per share
Wednesday, 19 Jul 2017 04:15pm EDT 

July 19 (Reuters) - Citigroup Inc :Sets quarterly dividend of $0.32 per share.  Full Article

William Thompson, Jr. to retire from Citi board
Wednesday, 19 Jul 2017 04:15pm EDT 

July 19 (Reuters) - Citigroup Inc :William S. Thompson, Jr. to retire from Citi board of directors.Citigroup inc - ‍following Thompson's retirement, Citi board will consist of 14 directors​.  Full Article

Citigroup Inc says credit card charge-offs 2.40 pct in June vs 2.94 pct in May - SEC filing
Monday, 17 Jul 2017 05:22pm EDT 

July 17 (Reuters) - Citigroup Inc :Citigroup Inc - credit card charge-offs 2.40 percent in June versus 2.94 percent in May - SEC filing.Citigroup Inc - credit card delinquency rate 1.38 percent at June end versus 1.50 percent at May end.  Full Article

Citigroup reports Q2 ‍fixed income markets revenues of $3.2 bln
Friday, 14 Jul 2017 07:45am EDT 

July 14 (Reuters) - Citigroup Inc :Citigroup reports second quarter 2017 earnings per share of $1.28.Quarterly ‍fixed income markets revenues of $3.2 billion in Q2 2017 decreased 6 percent.‍Allowance for loan losses was $12.0 billion at quarter end, or 1.88 percent of total loans, compared to $12.3 billion, or 1.96 percent of total loans​.Quarterly ‍GCB revenues of $8.0 billion increased 5%​.Quarterly ‍equity markets revenues of $691 million decreased 11%​.Quarterly ‍ICG revenues of $9.2 billion increased 6%, driven by growth across all banking products​.Citigroup CEO Corbat says ‍"During quarter, we saw continued momentum in our businesses, with loan and revenue growth across both sides of the house​".  Full Article

Citigroup reports Q2 earnings per share of $1.28
Friday, 14 Jul 2017 07:45am EDT 

July 14 (Reuters) - Citigroup Inc :Q2 earnings per share $1.28.Q2 Citigroup revenue $17.90 billion versus $17.55 billion.Q2 earnings per share view $1.21, revenue view $17.37 billion -- Thomson Reuters I/B/E/S.Q2 operating expenses $10.51 billion versus $10.37 billion.Q2 Citigroup net credit losses $1.71 billion versus $1.62 billion.Tangible book value per share was $67.32 at Q2-end versus $65.88 at Q1-end.Common equity tier 1 capital ratio at Q2-end was 13.0 percent versus 12.8 percent at Q1-end.Supplementary leverage ratio at Q2-end was 7.2 percent versus 7.3 percent at Q1-end.Q2 results reflect continued revenue growth in both consumer and institutional businesses.Says on track to increase both the return on capital and return of capital over time.  Full Article

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

PRESS DIGEST- Financial Times - July 21

July 21 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.