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citigroup [74] |||Inc. could make as much as $24 billion in writedowns and lay off 20,000 workers

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Regulator Approves New Citigroup Branch (AP)

Fri, 11 Jan 2008 23:18:23 Etc/GMT | Yahoo! Finance

Citigroup Inc.'s Citibank division has won federal approval to open a new bank branch, a government agency said. The U.S. Treasury Department's Office of the Comptroller of the Currency said in a weekly bulletin, released Wednesday, that Citibank's request was approved Jan. 3.


Citigroup could write down up to $24 billion: report (Reuters)

Mon, 14 Jan 2008 07:05:05 Etc/GMT | Yahoo! Finance

Citigroup Inc. could make as much as $24 billion in writedowns and lay off 20,000 workers as part of a plan to cut costs and boost capital, CNBC said on its Website in a report dated on Sunday.


Citigroup could write down up to $24 billion: report (Reuters)

Mon, 14 Jan 2008 10:39:35 Etc/GMT | Yahoo! Finance

Citigroup Inc. could make as much as $24 billion in writedowns and lay off 20,000 workers as part of a plan to cut costs and boost capital, CNBC said on its Website in a report dated Sunday.


Report: China May Block Citigroup Sale (AP)

Mon, 14 Jan 2008 13:27:58 Etc/GMT | Yahoo! Finance

Opposition from the Chinese government may stop Citigroup Inc.'s plan to raise capital by selling a stake worth $2 billion to a Chinese bank, the Wall Street Journal reported on its Web site Monday.


Citigroup stake sale may meet China opposition: report (Reuters)

Mon, 14 Jan 2008 12:54:11 Etc/GMT | Yahoo! Finance

Citigroup Inc's plans to raise capital by selling a $2 billion stake to China Development Bank may be in jeopardy due to Chinese government opposition, The Wall Street Journal reported on Monday.


Earnings Preview: Citigroup Inc. (AP)

Mon, 14 Jan 2008 16:14:28 Etc/GMT | Yahoo! Finance

Citigroup Inc. reports earnings for the fiscal fourth quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.


Citigroup to cut thousands of jobs: report (Reuters)

Mon, 14 Jan 2008 16:29:29 Etc/GMT | Yahoo! Finance

Citigroup will announce plans to cut payrolls by 17,000 to 24,000 people when it reports earnings on Tuesday, CNBC television reported on Monday, adding that the layoffs could take place over a year.


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