citigroup

Bankrupt Greece proposes selling off coastline


August 25th, 2012 - 12:02 am ICT by IANS
London, Aug 24 (IANS) Greece, which is facing a severe economic crisis and could be even booted out of the eurozone, is reportedly considering selling off some of its historic ... Read more...

Posted in World |

Citi’s Pandit sued over excessive pay


April 21st, 2012 - 11:17 am ICT by IANS
Washington, April 21 (IANS) Citigroup's Indian American CEO Vikram Pandit and its directors have been sued by a bank shareholder over a compensation package that was contested by investors in ... Read more...

Posted in Business |

Bank of America earnings beat estimates


April 20th, 2012 - 1:27 pm ICT by IANS
New York, April 20 (IANS) Bank of America Corp. released lower earnings for the first quarter Thursday, but the results still beat Wall Street's estimates as the credit quality improved.The ... Read more...

Posted in Business |

Pandit’s Citi makes profit with India sale


April 17th, 2012 - 11:16 am ICT by IANS
Washington, April 17 (IANS) Profits at Citigroup led by Indian American CEO Vikram Pandit rebounded to $2.9 billion in the first quarter of 2012 with revenue boosted by the sale ... Read more...

Posted in Business |

Pandit’s Citi Bank found wanting in stress test (Lead)


March 14th, 2012 - 1:33 pm ICT by IANS
Washington, March 14 (IANS) America's central bank has found four of 19 largest US financial firms, including Citi Bank led by Indian American CEO Vikram Pandit, wanting and which need ... Read more...

Posted in Business |

Four US banks fail Fed stress test


March 14th, 2012 - 6:55 am ICT by IANS
Washington, March 14 (IANS) The US Federal Reserve said Tuesday that four major US banks have failed to pass its latest round of stress test.Citigroup, SunTrust, Ally Financial and MetLife ... Read more...

Posted in Business |

India launches $2 billion infrastructure debt fund


March 5th, 2012 - 9:03 pm ICT by IANS
New Delhi, March 5 (IANS) The government, in partnership with private lenders ICICI Bank and the Citigroup, Monday launched a $2 billion infrastructure debt fund to meet long-term ... Read more...

Posted in Business |

Goldman Sachs chosen adviser for Russian airport’s sale


December 20th, 2011 - 4:52 pm ICT by IANS
Moscow, Dec 20 (IANS/RIA Novosti) Russia's largest airport, Moscow's Domodedovo, has chosen Goldman Sachs investment bank as an adviser for the airport's possible sale, a banking source told Prime news ... Read more...

Posted in Business |

Saudi prince buys into Twitter


December 19th, 2011 - 8:29 pm ICT by IANS
London, Dec 19 (IANS) Saudi billionaire prince Alwaleed bin Talal has invested $300 million in the microblogging company Twitter, becoming its latest major investor.Alwaleed, the nephew of Saudi Arabian ... Read more...

Posted in Business |

Investors were duped by Citigroup’s risky investments: Report


December 13th, 2011 - 2:43 pm ICT by IANS
Washington, Dec 13 (IANS) Several executives of Indian American chief executive Vikram Pandit led Citigroup were in open insurrection against top management over risky, speculative investments that failed in spectacular ... Read more...

Posted in Business |

Amid tough times, Citibank to cut 4500 jobs


December 7th, 2011 - 11:03 am ICT by IANS
Washington, Dec 7 (IANS) US banking giant Citigroup, led by Indian-American Chief Executive Vikram Pandit, is set to lay off about 4,500 employees over the next few months to ... Read more...

Posted in Business |

S&P; slashes top US banks’ credit ratings


November 30th, 2011 - 1:33 pm ICT by IANS
New York, Nov 30 (IANS) Standard & Poors Ratings Services said Tuesday it has slashed top US banks' ratings as part of a process of "applying its new ratings criteria ... Read more...

Posted in Business |

Citigroup to pay $285 mn to settle fraud charges


October 20th, 2011 - 3:23 am ICT by IANS
Washington, Oct 20 (IANS) Citigroup has agreed to pay $285 million to settle charges for misleading investors about a $1 billion collateralized debt obligation (CDO), the US Securities and Exchange ... Read more...

Posted in Business |

Pandit’s Citi reports $3.8 bn profit


October 18th, 2011 - 11:20 am ICT by IANS
Washington, Oct 18 (IANS) As Citigroup announced a better-than-expected third-quarter profit of $3.8 billion, its Indian-American chief Executive Vikram Pandit emphasised the banking giant's position in emerging markets as a ... Read more...

Posted in Business |

Vikram Pandit: ‘Occupy Wall Street’ sentiments understandable


October 13th, 2011 - 11:24 am ICT by IANS
Washington, Oct 13 (IANS) Banking giant Citigroup's Indian American CEO Vikram Pandit thinks the sentiments of the Occupy Wall Street protesters are "completely understandable" as US economy recovery fell short ... Read more...

Posted in Business |

Pandit says Citigroup now ‘a different company’


August 10th, 2011 - 12:34 pm ICT by IANS
Washington, Aug 10 (IANS) Citigroup's Indian American CEO Vikram Pandit has reassured employees that notwithstanding the decline in its stock price, the bank was healthier than it was before the ... Read more...

Posted in Uncategorized |

Top 20 cash-rich American companies (To go with: US wallows in debt but its firms hoard $2 trillion in cash)


August 8th, 2011 - 11:40 am ICT by IANS
Washington, Aug 8 (IANS) Here is the Standard and Poor's list of top 20 US companies sitting on $1.4 trillion in cash, even as the debt-ridden world's largest economy had ... Read more...

Posted in Business |

Wall Street up on strong corporate earnings


July 16th, 2011 - 4:29 am ICT by IANS
New York, July 16 (IANS) US stocks ended higher Friday as better-than-expected earnings from Google and Citigroup offset concerns over US debt situations, Xinhua reported.The rating agency Standard & Poor's ... Read more...

Posted in Business |

India will be world’s second largest trader by 2050: Citibank


June 24th, 2011 - 12:17 pm ICT by IANS
Washington, June 24 (IANS) In less than 40 years India will overtake the US as the world's second-largest trading nation, pushing today's superpower into third place and Europe in to ... Read more...

Posted in Business |

Citigroup earns $160 mn from reducing HDFC stake


June 14th, 2011 - 2:08 pm ICT by IANS
Chennai, June 14 (IANS) US based financial services major Citigroup Inc. Tuesday said it had made a pre-tax profit of $160 million after reducing its holding in non-banking finance company ... Read more...

Posted in Business |

Citi’s Vikram Pandit gets a $22.5 million pay package


May 19th, 2011 - 10:27 am ICT by IANS
Washington, May 19 (IANS) After working for years for a token annual salary of $1, Citigroup's Indian American CEO, Vikram Pandit has received a $22.5 million retention package that's partly ... Read more...

Posted in Uncategorized |

Arcelor-Mittal signs $6 bn credit facility agreement


March 22nd, 2011 - 6:43 pm ICT by IANS
New Delhi, March 22 (IANS) World's leading steel producer Arcelor-Mittal Tuesday said it has signed a new five-year credit agreement with leading international banks worth $6 billion, which would replace ... Read more...

Posted in Uncategorized |

Citigroup acquires EMI and reduces debt by 65 percent


February 2nd, 2011 - 2:37 am ICT by BNO News
NEW YORK (BNO NEWS) -- Citgroup, the international financial conglomerate, on Tuesday acquired EMI Group Ltd and reduced the music company's debt by 65 percent.Citigroup acquired 100 percent of EMI's share capital. ... Read more...

Posted in Business |

Citi’s Pandit gets a big raise: from $1 to $1.75 million (Lead)


January 22nd, 2011 - 4:00 pm ICT by IANS
By Arun Kumar Washington, Jan 22 (IANS) Vikram Pandit, the Indian American CEO of Citigroup Inc, is getting a big boost in his base salary from just $1 to $1.75 million after the ... Read more...

Posted in Business |

‘Cigarettes will be stubbed out by 2050′


January 9th, 2011 - 7:33 am ICT by IANS
London, Jan 9 (IANS) Cigarette smoking may be completely disappeared by 2050, experts believe.A combination of rising prices and the ban on lighting up in public places could finally kill off the ... Read more...

Posted in Life Style |

No smokers in Britain by 2050: Report


January 8th, 2011 - 10:30 pm ICT by IANS
London, Jan 8 (IANS) As smoking rates continue to fall in Britain, there could be no smokers left in the country in the next 30 to 50 years, a media report said ... Read more...

Posted in Health |

Jessica Fashano’s suicide shocks all


December 20th, 2010 - 10:19 pm ICT by Aishwarya Bhatt
New York, Dec 20 (THAINDIAN NEWS) A Citigroup employee that was described as “lacking nothing” plunged herself from the roof of the 40-storey Trump Palace building. The incident took place on ... Read more...

Posted in World |

Citigroup Analyst Jessica Fashano Jumps From High Rise Building


December 20th, 2010 - 8:16 pm ICT by GD
By Gina Gomez Dec 20, (THAINDIAN NEWS) Law enforcement officials of New York reported that Jessica Fashano died on Saturday, after jumping off the roof from a high rise roof her own building. ... Read more...

Posted in World News |

Sacked ‘too hot’ Citi-banker doesn’t want fame, Playboy, just to set example


September 27th, 2010 - 3:36 pm ICT by ANI
New York, Sept 27 (ANI): The sexy banker, who sued Citigroup for firing her after she complained that male co-workers couldn't control themselves around her, has said that she does not want ... Read more...

Posted in World |

Citi’s Pandit will work for $1 in 2010 too


September 25th, 2010 - 11:16 am ICT by IANS
By Arun Kumar Washington, Sep 25 (IANS) Citigroup's India-born CEO Vikram Pandit has decided to work for just $1 for the second year in a row.Pandit, who has restored the ailing banking ... Read more...

Posted in Business |

Goldman Sachs bans usage of profanity in their emails


July 29th, 2010 - 11:58 pm ICT by Aishwarya Bhatt
Washington DC, July 29 (THAINDIAN NEWS) Employees of Goldman Sachs have been banned from using strong words in their emails, which border on profanity. 

The ban, which was delivered verbally to ... Read more...

Posted in Business |

Wells Fargo & Co. plans to cut 3,800 jobs


July 8th, 2010 - 8:37 pm ICT by Aishwarya Bhatt
San Francisco, July 8 (THAINDIAN NEWS) Wells Fargo & Co. plans to lay about 3,800 of its workers off. The bank is the fourth largest bank in the United States of America ... Read more...

Posted in Business |

Tata-owned Corus CEO to quit


June 27th, 2010 - 3:25 pm ICT by IANS
By Venkata Vemuri London, June 27 (IANS) Chief executive officer of Tata-owned British steel maker Corus, Kirby Adams is to step down this October, media reports said.Adams, who will remain as an ... Read more...

Posted in Business |

‘Too hot’ ex Citibank worker hires high profile lawyer


June 12th, 2010 - 5:44 pm ICT by ANI
New York, June 12 (ANI): Debrahlee Lorenzana has hired a top-notch lawyer to fight her case against Citbank - which fired her for 'being too hot'.Robert Wolf, who also represents multimillionaire Russian ... Read more...

Posted in World |

Ex-banker fired for being ‘too hot’ may sue new boss


June 8th, 2010 - 3:16 pm ICT by ANI
Melbourne, June 8 (ANI): Former Citigroup banker, Debrahlee Lorenzana, who was fired because she was 'too hot', refused to be tight-lipped about the discrimination against her at the company and threatened to ... Read more...

Posted in World |

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