Citigroup Inc news

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C 55.37 -0.31 (-0.56%)
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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.
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 Will Resolve CEO Pay by End of Year, Pandit Says
Vikram Pandit, chief executive officer of Citigroup Inc., gestures during a conference session on day one of the Saint Petersburg International Economic Forum 2012 (SPIEF) in Saint Petersburg, Russia.
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
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.
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)
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.
Loans See First 2012 Loss as Citigroup Pares: Credit Markets
“The two big things that are driving the market are the European sovereign debt crisis and the economic backdrop,” Michael Anderson, a U.S.
Russia Must Cut Break-Even Oil Price to $80, Citigroup Says
June 14 (Bloomberg) -- Russia must lower the average oil price it needs to balance the budget by more than 30 percent to attract investors and reduce risk, according to Citigroup Inc. “It's not impossible,” Kingsmill Bond, chief strategist at Citigroup ...
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