Citigroup to exit Argentine custody business

Last Updated: Tuesday, March 17, 2015, 23:02

Next steps could include the sale of the custody business, or just terminating it, Citi attorneys at Davis Polk & Wardwell said in the letter.

Citigroup unit probed by more authorities over money laundering

Last Updated: Thursday, February 26, 2015, 09:29

Citigroup Inc said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit.

Citigroup cut CEO Corbat's pay by 10% to $13.1 mn in 2014

Last Updated: Friday, February 20, 2015, 23:27

Citigroup Inc cut Chief Executive Michael Corbat`s pay by about 10 percent in 2014, a year in which the bank`s profit nearly halved due to higher legal costs and a slump in bond trading.

Citigroup to set aside $100 bn to fund green initiatives

Last Updated: Wednesday, February 18, 2015, 22:29

Citigroup said it would fund projects related to renewable energy, greenhouse gas reductions and sustainable transportation.

Fiscal deficit target of 4.1% GDP likely to be met: Citi

Last Updated: Sunday, February 1, 2015, 11:20

The fiscal deficit target of 4.1 percent of GDP for 2014-15 is likely to be met though the fiscal trends are "weak", it said.

Citi profit plunges 86% on legal settlements

Last Updated: Friday, January 16, 2015, 00:03

Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank`s shares down more than 4 percent.

Citigroup profit falls on legal and restructuring charges

Last Updated: Thursday, January 15, 2015, 20:43

Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations.

Citigroup selling its Japan retail bank business

Last Updated: Thursday, December 25, 2014, 15:28

Citigroup said on Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink its consumer business globally.

Modi-Rajan-Commodities trinity keeping India a favourite: Citi

Last Updated: Monday, December 22, 2014, 17:16

India remains a consensus favourite investment destination for US companies, largely on the back of a 'Modi-Rajan-Commodities trinity', global financial major Citigroup said in a report Monday.

Citigroup sets $3.5 bn Q4 charge for legal, other costs

Last Updated: Tuesday, December 9, 2014, 22:25

Citigroup plans to take a $3.5 billion charge in the fourth quarter to cover legal and restructuring costs, chief executive Michael Corbat said Tuesday.

India surprised this year; may do so again in 2015: Citigroup

Last Updated: Sunday, December 7, 2014, 10:44

According to the global financial services major, following two years of sub 5 percent growth, India's GDP is expected to be around 5.6 percent in 2014-15 and around 6.5 percent in 2015-16.

Rating upgrade, 7% growth rate not far off for India: Citi

Last Updated: Thursday, December 4, 2014, 22:45

Citigroup Thursday said if India continues to surprise in the New Year the way it did in 2014, then there are more upsides on its way which could well be capped by a sovereign rating upgrade by global agencies next fiscal, and it is on course to achieve 7 percent growth rate.