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Citigroup Inc

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  • NEW YORK, Aug 21- U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with the matter.

  • BofA's $17B settlement not as large as it appears Thursday, 21 Aug 2014 | 12:40 AM ET

    WASHINGTON— Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. But as with previous settlements with JPMorgan Chase and Citigroup, the true cost of that relief is likely to be a good deal less.

  • Aug 20- Just over a quarter of Detroit's $5.2 billion of outstanding water and sewer revenue bonds were returned to the city for repurchase on Wednesday, 24 hours before the tender offer was due to expire.

  • UPDATE 1-Carlyle-backed Axalta Coating files for IPO Wednesday, 20 Aug 2014 | 6:07 PM ET

    Aug 20- Axalta Coating Systems Ltd, a paint coatings company backed by buyout firm Carlyle Group LP, filed with U.S. regulators on Wednesday for an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.

  • Final Glance: Banks companies Wednesday, 20 Aug 2014 | 6:02 PM ET

    Bank of America Corp. rose$. 07 or. 5 percent, to $15.52. Citigroup Inc. rose$. 10 or. 2 percent, to $49.80. Goldman Sachs rose$. 07 or percent, to $174.03.

  • Carlyle-backed Axalta Coating Systems files for IPO Wednesday, 20 Aug 2014 | 5:19 PM ET

    Aug 20- Buyout firm Carlyle Group LP backed performance coatings company Axalta Coating Systems Ltd filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock. The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.

  • Why Bank of America deal might not cost it $17B Wednesday, 20 Aug 2014 | 2:30 PM ET

    WASHINGTON— How much will Bank of America's expected $17 billion mortgage settlement cost the company? Most of the problem loans were sold by Merill Lynch and Countrywide Financial before Bank of America bought them during the 2008 financial crisis.

  • APNewsBreak: B ofA reaches $17B settlement with US Wednesday, 20 Aug 2014 | 2:16 PM ET

    WASHINGTON— How much will Bank of America's expected $17 billion mortgage settlement cost the company? Most of the problem loans were sold by Merill Lynch and Countrywide Financial before Bank of America bought them during the 2008 financial crisis.

  • Midday Glance: Banks companies Wednesday, 20 Aug 2014 | 1:49 PM ET

    Bank of America Corp. fell$. 02 or. 1 percent, to $15.43. Citigroup Inc. rose$. 03 or. 1 percent, to $49.73. Goldman Sachs fell$. 60 or. 3 percent, to $173.36.

  • BEIJING, Aug 20- Amazon.com will set up shop in China's Shanghai free trade zone, the company said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country.

  • Early Glance: Banks companies Wednesday, 20 Aug 2014 | 12:21 PM ET

    Bank of America Corp. rose$. 03 or. 2 percent, to $15.48. Citigroup Inc. rose$. 13 or. 3 percent, to $49.83. Goldman Sachs fell$. 54 or. 3 percent, to $173.43.

  • BEIJING, Aug 20- Amazon.com will set up shop in China's Shanghai free trade zone, state media said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country.

  • *Tension brewing between CEO Guerra and Luxottica founder-sources. MILAN, Aug 20- Luxottica, maker of Ray-Ban and Persol sunglasses, could part ways with Chief Executive Andrea Guerra due to disagreements over strategy with founder and chairman Leonardo Del Vecchio, according to sources close to the matter.

  • TOKYO, Aug 20- Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.

  • TOKYO, Aug 20- Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, a source with direct knowledge of the matter said on Wednesday, as the U.S. banking company struggles to turn around its Japanese operations.

  • NEW YORK, Aug 19- Citigroup Inc's general counsel for its global consumer business, Stephen Simcock, is leaving the bank "to pursue another opportunity," a spokeswoman said on Tuesday. Anita Romero, formerly head of the corporate legal department, will replace Simcock, spokeswoman Elizabeth Fogarty said by email.

  • Final Glance: Banks companies Tuesday, 19 Aug 2014 | 6:08 PM ET

    Citigroup Inc. rose$. 19 or. 4 percent, to $49.70. Goldman Sachs fell$. 59 or. 3 percent, to $173.96. JPMorgan Chase rose$. 33 or. 6 percent, to $57.56.

  • Aug 19- Southeastern Grocers LLC, which operates supermarket chains Winn- Dixie and BI-LO, called off its plans for an initial public offering, joining a list of companies that have pulled their offerings this year. The company runs more than 650 BI-LO and Winn- Dixie stores in southeastern U.S. states of Florida, Alabama, Louisiana and Georgia.

  • Midday Glance: Banks companies Tuesday, 19 Aug 2014 | 4:03 PM ET

    Bank of America Corp. rose$. 04 or. 3 percent, to $15.49. Citigroup Inc. rose$. 39 or. 8 percent, to $49.90. Goldman Sachs fell$. 51 or. 3 percent, to $174.04.

  • COLUMN-The problem with Jackson Hole: James Saft Tuesday, 19 Aug 2014 | 3:00 PM ET

    While the Kansas City Fed's conference has been held every August since 1978 a quick check of Google shows the world only showed small interest in it until 2006. That, of course, was the last year before the financial crisis took hold, since when there has been an annual spike in stories detailing what Jackson Hole participants may say, what they actually did say, and how much markets went up after they said it.