Citigroup Wire
Comprehensive News Feed for Citigroup.
Results 1 - 20 of 4,016 in Citigroup
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Citi sells Bellsystem24 stake to augment capital
Citigroup Inc said it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to US private equity firm Bain Capital for 93.5 billion yen . Comment?
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David Weidner's Writing on the Wall: Government Gals take on Wall Street
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... It's a smart plan, but what's really drawn attention is her aggressive press for reforms at big banks such as Citigroup Inc. /quotes/comstock/13*!c /quotes/nls/c ( C 4.18 , +0.13 , +3.21% ) and for reform in general. At Citi, Bair pushed for ... Comment?
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Citigroup Inc recently rejected a proposal from Guy Hands' private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI , the Wall Street Journal said on Monday. Comment?
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GMAC Chief Leaves as Firm Looks for More Financing
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... of bailout financing from the federal government. The company's directors appointed Michael A. Carpenter, a former Citigroup executive and current GMAC director, to succeed Alvaro de Molina, who had run the company since April 2008. Mr. Carpenter ... Comment?
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GMAC Financial Services CEO resigns
Alvaro de Molina, the chief executive of troubled auto loan maker GMAC Financial Services, abruptly resigned Monday, replaced by former Citigroup executive and GMAC board member Michael Carpenter. Comment?
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BTIG Hires Four Industry Veterans in Australia
... his career at UBS Equities Australia. Harrison was previously Vice President of Sales & Capital Introduction with Citigroup Global Markets, where he was responsible for the sale of prime broker services to the Australian market. Prior to that he ... Comment?
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Beazer, Merck, Citigroup, Lowe's are big movers
... off a rival company's study that showed its cholesterol drug is potentially more effective than Merck's Zetia. Citigroup Inc., up 13 cents at $4.18 The company said it would sell a majority stake in a Japanese unit for $1 billion in cash in a step ... Comment?
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Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen . Comment?
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Gmac Ceo Alvaro de Molina steps down
... 17 years at Bank of America Corp. Carpenter, 62, has been on GMAC's board since May. He was previously CEO of Citigroup's Global Corporate and Investment bank from 1998 to 2002. He headed investment bank Salomon Smith Barney until it merged with ... Comment?
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Japan's warming up to buyouts?
Filed under: Private equity , Citigroup Inc. To unwind its $45 billion in federal loans, Citigroup has been aggressively selling off non-core assets. Comment?
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Is EMI coming unglued (Part II)?
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Now, "Citigroup Inc. rejected a request from Terra Firma Capital Partners Ltd. to reduce EMI Group Ltd.'s debt by 40 percent in return for a 1 billion-pound cash injection, two people familiar with the talks said," says Bloomberg News , going on: "Guy Hands's private equity firm offered to provide the extra money if Citigroup agreed to reduce the ... Comment?
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How I survived Wall Street's downfall
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... and the broader economy, millions of people lost their jobs. Workers in New York City were particularly hard hit. Citigroup ( C , Fortune 500 ), alone, has announced over 100,000 job cuts worldwide since 2007. One casualty was Ebony Blue, a young ... 2 comments
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Citi to Sell Stake in Bellsystem24
... Only a few spots in this do-it-yourself stock-picking program are still available. Learn how to get in . . . Citigroup Inc. ( C - Analyst Report ) announced that it will sell stake in Bellsystem24 to U.S. private equity firm, Bain Capital Partners, ... Comment?
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Citi shares rise after sale of Japanese unit
Citigroup Inc. shares rose Monday, a day after the company said it would sell a majority stake in a Japanese unit for $1 billion in cash. Comment?
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U.S. taxpayers funding terrorism: the ties that blind
What would you think if it was proven beyond doubt your tax money is getting into the hands of terrorists, not altogether accidentally? How would you feel if you discovered that the dollar you paid in income tax had been channeled by the federal government through a bank bailout law to Citigroup which then 'invested' in an Islamic, or ... Comment?
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Guy Hands's Bid to Cut EMI's Debt Burden Said to Be Rejected by Citigroup
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Citigroup Inc. rejected a request from Terra Firma Capital Partners Ltd. to reduce EMI Group Ltd.a s debt by 40 percent in return for a 1 billion-pound cash injection, two people familiar with the talks said. Comment?
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Citigroup sale a new start for Primerica
The dismantling of Wall Street is again making itself felt in a metro Atlanta. After having Duluth-based Primerica under its umbrella for two decades, New York financial giant Citigroup plans to sell stock in and eventually shed the seller of insurance and investment products. Comment?
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Citi: Successful loan modifications up
In the past year, Citigroup says it has bolstered its efforts to prevent Florida homeowners from falling into foreclosure. Comment?
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Citigroup (NYSE: C) To Sell Stake In Japanese Call Center
Citigroup Inc. announced Sunday it has agreed to sell its majority stake in Japanese call center Bellesystem24.A The move is just the latest in assets sales by the bank as it aims to raise capital and shore up its balance sheet following a government bailout that included $45 billion in loans. Comment?
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Hedge Fund Billionaire Paulson Takes Citigroup
... investor John Paulson disclosed in a regulatory filing his Paulson & Co. hedge fund took a large stake in Citigroup (NYSE: C), while reducing its holdings in JP Morgan Chase (NYSE: JPM) and Goldman Sachs (NYSES: GS). According to the filing, the New ... Comment?
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