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Citigroup Inc. (NY: C)
48.33 USD  UNCHANGED
Official Closing Price  /  Updated: 6:40 PM EDT, Apr 24, 2014  /  Add to My Watchlist      
(C) Community Analysis from
April 25, 2014
(Jutia Group, 4/22/14)
[Reuters] - The two men at the top of Citigroup Inc, the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more...(read more)
(Jutia Group, 4/23/14)
[Business Wire] - The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.01 per share, payable on May 23,...(read more)
(Blogging Stocks, 4/18/11)
Filed under: Citigroup Inc. (C) Citigroup's first-quarter income fell 32 percent on lower revenue from its investment banking business and a decline in consumer loans. The bank was able to set...(read more)
Citigroup (C) Company Overview


Citigroup (NYSE:C) is one of the world's largest diversified financial services firms, which means that it makes money by loaning out money and receiving interest on the loans. Citi had significant exposure to the subprime mortgage industry and suffered considerable losses in 2007 and 2008 from large write-downs and write-offs on many of its mortgage-backed securities and collateralized debt obligations. Citi posted a loss of $6,733 million in 2009, a 66.6% decrease from a loss of $20,326 million in 2008.[1]

On 16 January 2009, Citi announced that it would be splitting into two businesses to focus on its core business. Citicorp acts as a traditional bank with $1.1 trillion in assets, while Citi Holdings manages its riskier assets, which it will try to sell to raise cash. In an effort to avoid considerable future losses due to mortgage-backed securities and collateralized debt obligations, Citicorp will be 65% deposit funded.[2] To reduce operating costs, Citi has sold branches such as CitiStreet, CitiBank, and its banking operations in Germany.[3][4] Citi's efforts to cut costs has stretched up to its CEO, Vikram Pandit, who announced that he would accept only a salary of $1 and no bonus until the firm was returned to solvency[5] These efforts represent a shift away from an investment bank into a standard holding bank.

(Read more at Wikinvest )

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