citigroup inc

Trial set to start in Parmalat case vs. Citigroup

NEW YORK (Reuters) - More than four years after the meltdown of Italy's Parmalat SpA (PLT.MI), the food company is set to begin presenting its case to a U.S. jury on Thursday accusing Citigroup Inc (C.N) of playing a key role in its collapse.

Trial set to start in Parmalat case vs Citigroup

NEW YORK (Reuters) - More than four years after the meltdown of Italy's Parmalat SpA, the food company is set to begin presenting its case to a U.S. jury on Thursday accusing Citigroup Inc of playing a key role in its collapse.

Citigroup to shed nearly $500B in assets

NEW YORK -- Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review _ but only after shrinking the company by about one-fifth first.

Citigroup may unveil $400 billion asset sales: sources

NEW YORK (Reuters) - Citigroup Inc (C.N), hard hit by the global credit crunch, is expected to present plans to sell roughly $400 billion of extraneous assets when it meets with investors and analysts on Friday, people familiar with the situation said.

Citigroup mulls up to $400 bln asset sales: source

NEW YORK (Reuters) - Citigroup Inc will present plans to sell as much as $400 billion of extraneous assets when it meets with investors and analysts on Friday, a person familiar with the situation said.

Citi offering signals more trouble ahead: analysts

NEW YORK (Reuters) - Investors fear that Citigroup Inc's (C.N) sale of $4.5 billion of shares, combined with a $6 billion preferred stock sale last week, signal the bank is likely to face more write-downs in the future and may need to raise even more capital.

Citi, California cities ask Moody's to change muni bond ratings (Market Watch)

Citigroup Inc. and cities in California have asked Moody's Investors Service to change the way it rates municipal bonds because they say the current system is unfair.

Wachovia CEO to face investors on heels of big loss, dividend cut (The Post and Courier)

The collapse of the nation’s housing market and subsequent mortgage mess that has bedeviled Wall Street for nearly a year cost Stanley O’Neal his job at Merrill Lynch & Co. Ditto for Charles Prince at Citigroup Inc.

Citigroup to cut 9,000 jobs after posting loss

NEW YORK (Reuters) - Citigroup Inc (C.N) posted its second straight quarterly loss on Friday, hurt by more than $16 billion of write-downs and costs related to credit losses, and said it will cut another 9,000 jobs.

Wall Street roundup

The $330-billion auction-rate securities market will "cease to exist" after it collapsed in February because Wall Street firms stopped using their own capital to buy bonds when demand fell short, a Citigroup Inc. analyst said.

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