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Citigroup to cut 11,000 jobs as it looks to trim expenses

NEW YORK - Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.The cuts amount to about 4 percent...

http://chronicle.augusta.com/news/business/2012-12-05/citigroup-cut-11000-jobs-i
Citigroup CEO Pandit and president resign in surprising shake-up

Vikram Pandit, who steered Citigroup through the 2008 financial crisis...The move shocked Wall Street, and Citigroup offered no explanation. There had...immediately by Michael Corbat, 52, a Citigroup lifer who had been CEO of its Europe...

http://chronicle.augusta.com/news/business/2012-10-17/citigroup-ceo-pandit-and-p
Citigroup will try to turn owners into renters amid housing crisis

Citigroup will try something new to keep struggling homeowners out of foreclosure...should be less expensive than the homeowners' current mortgage payments.Citigroup Inc.'s announcement is just the latest reminder of the long-lasting...

http://chronicle.augusta.com/news/business/2012-08-08/citigroup-will-try-turn-ow
Citigroup to pay $285 million to settle fraud charges over mortgage investments

WASHINGTON - Citigroup has agreed to pay $285 million to settle...profits. Investors lost millions.Citigroup neither admitted nor denied the SEC's...of other assets, such as mortgages.Citigroup's payment includes the fees and profit...

http://chronicle.augusta.com/news/business/2011-10-19/citigroup-pay-285-million-
NY judge rejects $285 million Citigroup settlement with SEC over mortgage investment

...a $285 million settlement between Citigroup and the Securities and Exchange Commission...settlement would have imposed penalties on Citigroup but allowed it to deny allegations that it misled investors.Citigroup said it disagreed with Rakoff, calling...

http://chronicle.augusta.com/news/business/2011-11-28/ny-judge-rejects-285-milli
International reach falls short for Citigroup

NEW YORK - Citigroup has a world of problems.The bank is...proven to be an ineffective CEO for Citigroup and failed to outline a believable plan...to mortgages and credit card loans.Citigroup's broad international profile helped...

http://chronicle.augusta.com/news/business/2012-01-18/international-reach-falls-
Banking sector cuts tens of thousands of jobs

...announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and...more than 50,000 jobs per year.Now Citigroup is cutting back in lower-growth countries...months after Corbat took over as CEO, Citigroup announced it would cut 11,000 jobs...

http://chronicle.augusta.com/news/business/2013-04-25/banking-sector-cuts-tens-t
Citigroup will buy Wachovia

NEW YORK --- Citigroup agreed Monday to buy Wachovia's banking...Insurance Fund. The deal greatly expands Citigroup's retail franchise -- giving it...Chase & Co. But it comes at a cost: Citigroup Inc. said it will slash its quarterly...

http://chronicle.augusta.com/stories/2008/09/30/bus_477643.shtml
Business
Citigroup president to leave as Citibank, Smith Barney integrated

NEW YORK -- Citigroup president Jamie Dimon is leaving in...biggest financial services company. Citigroup will integrate the corporate banking...said Sunday. The move does not involve Citigroup's consumer banking operations. Investors...

http://chronicle.augusta.com/stories/1998/11/03/bus_243630.shtml
Business
MetLife purchasing Travelers Life from Citigroup

...at least $11.5 billion from Citigroup Inc., the nation's largest...on the New York Stock Exchange. Citigroup shares advanced 74 cents, or 1...to $49.12 on the Big Board. Citigroup had retained Travelers Life & Annuity...

http://chronicle.augusta.com/stories/2005/02/01/bus_441477.shtml
Business