Citigroup Inc news

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Citigroup Leads Wall Street in Moody's Downgrade Dismissal
June 22 (Bloomberg) -- Citigroup Inc., the lender whose credit rating was cut by Moody's Investors Service to the lowest since its 1998 creation, led Wall Street banks in dismissing downgrades and urged investors to seek alternative analyses.
Moody's downgrades RBC two notches  Financial Post
Royal Bank of Canada and 14 other institutions see ratings downgraded by ...  Straight.com
Buy Citigroup: The Best Positioned Global Bank
Citigroup Inc. (NYSE:C) has an unparalleled global footprint, coupled with a strong and growing capital base. Its renewed focus on reducing costs and improving efficiency to self-fund new investments has proved to be very productive.
Citigroup Will Resolve CEO Pay by End of Year, Pandit Says
June 21 (Bloomberg) -- Citigroup Inc., whose shareholders rejected Chief Executive Officer Vikram Pandit's compensation plan in April, is committed to resolving the pay dispute and the board will make a decision by the end of the year, he said ...
Lazard elects former Citigroup chairman Richard Parsons to board
Parsons served as chairman of Citigroup Inc. from February 2009 until his retirement in April 2012. He had served as a director on its board since 1996.
Richard Parsons Joins Lazard Ltd. Board  Jobs & Hire
Citigroup Drops Push to Increase Capital Payout This Year
June 9 (Bloomberg) -- Citigroup Inc., the third-largest U.S. bank by assets, retreated from an effort to win Federal Reserve approval to boost payouts for shareholders this year.
Citi Won't Ask Fed for Stock Buyback in 2012  Wall Street Journal
UPDATE 2-Citi will not ask Fed to raise dividend this year  Reuters
The Fed's Rules Of The Road - TruP Stop Ahead
As a result of the triggering of the "regulatory capital event," three firms have announced the special redemption of some of their TruPs: Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM) and SunTrust (NYSE:STI). BottomLine: Of these three issuers ...
Citigroup Faces $5 Billion Hit on Dollar's Rise
June 20 (Bloomberg) -- Citigroup Inc.'s book value could take a $3 billion to $5 billion “hit” this quarter as currencies in some of its biggest markets decline against the U.S.
Ex-Citigroup Executive Gets 8 Years for Embezzlement
June 30 (Bloomberg) -- Ex-Citigroup Inc. Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23 million from the bank, federal prosecutors said.
Citigroup Exec Sentenced to Eight Years for $23 Million Fraud  NewsMax.com
Ex-Citigroup VP gets 8 years for stealing $22 million
NEW YORK A former Citigroup Inc vice president who admitted to embezzling more than $22 million (14 million pounds) was sentenced on Friday to 8 years in prison, federal prosecutors said.
Gary Foster, ex Citigroup vice president, sentenced to 8 years in jail over ...  GlobalPost
Citigroup Promotes Larsen Global Head of Retail Banking
June 27 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. lender, appointed Hong Kong-based Jonathan Larsen to global head of retail banking as Chief Executive Officer Vikram Pandit pushes deeper into Asia for revenue growth.
Citi Names New Hong Kong-Based Global Head of Retail Banking  Wall Street Journal (blog)