Citigroup (NYSE: C) has done a lot over the past decade to streamline its operations and reduce risk, but it's still one of the riskiest banks you can invest in. One place this shows up is in Citigroup's source of funds. To understand this, it's …
NEW YORK, June 8 (Reuters) - Citigroup Inc (C.N) expects to begin its much-delayed $58 billion stock swap later this week, as part of a plan that could leave the government with a 34 percent stake. The third-largest U.S. bank said on …
Bank of America shines while ... Still, the stock is up more than 9% so far this year, making it the best performer among the "Big Six" banks. By contrast, there wasn't much celebrating at Citigroup's headquarters. The Fed rejected the …
NEW YORK - Citigroup's surprisingly low pricing of a stock offer this week provides a clear sign investors are still nervous about the banking giant's ability to regain its financial health. On Wednesday, Citigroup Inc. said it would sell 5.4 …
Citigroup Inc. has completed its $58 billion stock offering, a move that strengthens the struggling bank's balance sheet and makes way for the U.S. government to take ownership of a 34 percent stake. Citi said late Sunday that nearly all …
The world of virtual reality is about to collide with the world of stock trading. Citi, in a partnership with VR design firm 8ninths, has developed a working proof-of-concept for a virtual trading desk, using Microsoft’s HoloLens headset. The …
Intends to Reinstate Common Stock Dividend of $0.01 per Share Citigroup Inc. today announced a 1-for-10 reverse stock split of Citigroup common stock. Citi also announced that it intends to reinstate a quarterly dividend of $0.01 per …
Deposits climbed 3 percent to $964 billion, and end-of-period loans ticked higher by 2 percent to $653 billion. Citigroup’s stock initially traded higher by 0.4 percent. Investors generally see a positive environment for big banks headed into 2018.
Citigroup Inc on Thursday said it may conduct a reverse stock split as part of an exchange offer that could give the U.S. government a 36 percent stake in the bank. Citigroup said it will also seek shareholder approval to conduct a reverse …
NEW YORK — Don't think of the government's new investment in Citigroup as cash. Think of it as time. Citigroup will save $2 billion a year now that it doesn't have to pay the government dividends. But what the move really does is give …