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citigroup [81] |||trolled by billionaire investor Edward Lampert has slashed its stake in Citigrou

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Singapore Bank DBS Nabs Citi Veteran (AP)

Wed, 13 Feb 2008 21:12:51 Etc/GMT | Yahoo! Finance

DBS Group Holdings, Singapore's largest bank by assets, on Wednesday named a Citigroup veteran as its chief executive. Richard Stanley, 47 years old, has worked at Citigroup Inc. for 27 years and has served as head of Citi's China operations since 2005.


Lampert Diminishes Citigroup Stake (AP)

Thu, 14 Feb 2008 23:24:26 Etc/GMT | Yahoo! Finance

A fund controlled by billionaire investor Edward Lampert has slashed its stake in Citigroup Inc., according to a regulatory filing Thursday.


Citigroup halts redemptions from $500 mln CSO hedge fund (at MarketWatch)

Fri, 15 Feb 2008 16:04:00 Etc/GMT | Yahoo! Finance

A $500 million Citigroup Inc. hedge fund has halted investor redemptions to try to avoid a fire sale of leveraged loan assets that have been hit hard by the credit crisis.


Citigroup pays $1.66B to settle Enron lawsuit

Wed, 26 Mar 2008 14:16:43 -0400 | CANOE Money

NEW YORK (AP) ? Citigroup Inc. agreed Wednesday to pay $1.66 billion to creditors of Enron Corp. who lost money when the energy trader collapsed in 2001.


Rubin seen retaining Citigroup role: report (Reuters)

Tue, 1 Apr 2008 08:59:35 Etc/GMT | Yahoo! Finance

Robert Rubin is not expected to resign as chair of Citigroup's executive committee even as the company looks to restructure its board, the Wall Street Journal reported on Tuesday, citing a source familiar with the matter.


Citigroup cuts value of investments by $14B in 1Q (AP)

Fri, 18 Apr 2008 20:30:19 Etc/GMT | Yahoo! Finance

Citigroup's 9,000 job cuts and $14 billion in write-downs suggest that even if the worst of the credit market volatility is over, the industry is now in a conservative, cost-cutting mode.


Weird but true: Apple's worth more than Citigroup

Thu, 17 Apr 2008 21:50:28 +0000 | Newsvine

I'm not making this up. Apple's market capitalization is bigger than Citigroup's. The actual numbers at today's close were $135 billion for Apple and $123 billion for Citigroup.


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