NEW YORK, Nov 19 (Reuters) - Citigroup Inc (C.N) faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. The second-largest …
WASHINGTON -- The Treasury Department said Monday that its first sales of Citigroup stock will cover up to 1.5 billion shares. That would amount to about 20 percent of the 7.7 billion shares of Citigroup common stock that the government …
Shares of Citigroup Inc., once the most powerful U.S. bank, fell below $1 a share Thursday. The stock fell to 98 cents in late morning trading, down 15 cents or 14.2% from Wednesday. New York-based Citi has lost more than 85% of its …
converting a portion of its holdings into common stock. The government has continued to sell off portions of its 7.7 billion …
BEIJING, PEOPLE'S REPUBLIC OF CHINA – From my vantage point here in Beijing this week, I find my mind drifting this morning closer to home and specifically back to Citigroup Inc. (C). Most retail investors purchase shares in a company …
(Disclosure: I serve, uncompensated, on the private, nonprofit Systemic Risk Council founded by Ms. Bair.) Citigroup’s stock was up 1.6 percent on Tuesday, as shareholders responded positively to the announcement – and perhaps to the …
Citigroup Inc. will resume paying a nominal dividend after it uses a reverse stock split to shrink the number of shares outstanding, taking a small step in its recovery from the financial crisis. Citigroup will pay a quarterly dividend of a …
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 (AP) - Citigroup Inc. said Thursday it is planning to increase the number of its common shares outstanding and execute a reverse stock split as part of its effort to convert preferred shares to common shares. Citigroup’s shares …
CHARLOTTE, North Carolina – Shares of Citigroup Inc., once the most powerful U.S. bank, fell below $1 a share Thursday. The stock fell to 98 cents in late morning trading, down 15 cents or 14.2 percent from Wednesday. New York-based Citi …