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CITI HOLDINGS

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abtest

Citigroup income dips 10% in second quarter

July 18, 2010 - 12:00am

Citigroup said Friday its second-quarter net income dropped 10 percent to $2.7 billion even as its losses from failed loans fell. The drop in income reflects the bank’s sale a year ago of the Smith Barney brokerage,...

Business

Citi sells card business in UK

March 30, 2010 - 12:00am

Citi has completed the sale of its Citi Cards portfolio in the UK, part of CitiFinancial Europe Plc, to CCAM, a special purpose vehicle (SPAV) managed by SAV Credit, a UK credit card issuer, and backed by Verde Partners,...

Banking

Citi on path to profitability

March 13, 2010 - 12:00am

Citigroup Inc. says it’s heading back toward sustained profitability after two years that saw the bank lose billions of dollars and be bailed out by the government.

Business

Citigroup sells stake in Japanese asset manager

August 3, 2009 - 12:00am

NEW YORK (AP) — Citigroup Inc. said Thursday it is selling its entire majority stake in a Japanese asset management company to The Sumitomo Trust and Banking Co Ltd. for about $795 million.

Business

Citigroup posts $8.29B loss, splits up the company

January 16, 2009 - 9:02pm

NEW YORK (AP) – Citigroup said today it is splitting up into two businesses as it reported a fourth-quarter net loss of $8.29 billion — its fifth straight quarterly loss.