Citigroup (NYSE: C)
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Wall Street Loses Its Winning Ways
After three-straight weekly gains, stumbles out of AIG and Citi sent the Dow for a loss.

Closing Glance: Diversified financial shares most
NEW YORK (AP) - Shares of most diversified financial-services companies dropped on Friday, as investors' concerns increased about continuing fallout from the credit market crisis and rising oil prices.

Citigroup to shed nearly $500B in assets
NEW YORK (AP) - Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review — but only after shrinking the company by about one-fifth first.

Sector roundup: Internet, homebuilders
(AP) - Among the sector activity stories for Friday, May 9, from AP Financial News:

Citigroup aims to shed $400 billion of assets
Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.

Blum & Silver, LLP Files FINRA Arbitration On Beh
CORAL SPRINGS, Fla., May 9, 2008 (PRIME NEWSWIRE) -- Blum & Silver, LLP (http://www.stockattorneys.com) announced that it filed a FINRA arbitration on behalf of investors in Citigroup's MAT Five Fund.

Citigroup co-investment bank head moving to Dubai

Wall Street Loses Its Winning Ways
After three-straight weekly gains, stumbles out of AIG and Citi sent the Dow for a loss.

U.S. Stocks Short Circuit Friday
Wall Street blew its chances at a positive week, as AIG's earnings and Citi's strategy soured investors.

Stocks Fall, Oil Prices Rise
This is a transcript of the Market Update: Afternoon Report.

Pandit's Shrinking Citi
The bank's new chief begins the slow, painful job of undoing his predecessor's work.

Sponsor's Content: The Bottom Line on Sustainability
Research indicates a clear connection between a company's sustainability practices and the price of its shares. What's not so apparent is whether it's just a feel-good idea or actually good for cash flow.

Stocks Stumble Into Afternoon
AIG plunged on earnings, while Citi waffled during its analyst day, as Wall Street fell.

Citigroup's $400B Yardsale
The beleagured bank is looking to shed a lot of weight in hopes to get beyond its credit woes.

AIG, Citi Rekindle Credit Fears; Stocks Tumble
The insurer reported a woeful first quarter, and the bank is expected to sell a hefty chunk of its assets.

Financials Put In Focus, Citi Confronts Analysts
The bank's chief will be grilled on his strategy, following two straight losing sessions for the sector.

Stocks Rise Despite Finance Sector Weakness
This is a transcript of the Market Update: Close video report.

Financials Can't Snuff Gains
Investors shook off another fall for the sector and ignored record oil for a positive finish.

Mining Stocks Shine; Tech Pushes Higher
This is a transcript of the Market Update: Afternoon video report.

Wall Street Rebounds From Selloff
Reeling from Wednesday's afternoon plunge, the market rebounded to start the day.

What Would Dimon Do?
Some advice for Citigroup's new chief, Vikram Pandit, as he faces analysts Friday.

Financials Lead Late Plunge
Stocks tumbled Wednesday as banks slid and oil prices rose.

Stocks Plunge As Oil Reaches Record Highs
This is a transcript of the Market Update: Afternoon video report.

The Stall-Out In Mega-Caps
No more Valium at the bedside, so now where do we make money?

For Thain's Merrill, A Tough Road Ahead
Illiquid assets surge 69% in the first quarter at the financial giant. Is this the plan?

Disney Profits Surge, Fannie Gets A Boost
This is a transcript of the Market Update: Close video report.

Merrill Keeps Feeling The Crunch
Illiquid assets surge 71% in the first quarter at John Thain's financial giant.

Student Loans Shine Again
Maybe you'll be able to borrow for college after all, thanks to the government.

Street Mixed Friday, But Optimism Abounds
Encouraging econ data was tarnished by soaring oil, but investors are encouraged after a strong week.

The Price Of Microsoft's Pride
Is the software giant just standing on principle by not giving into Yahoo! price demands? Or is it being a disciplined buyer?

Stocks End Week With Mixed Session
This is a transcript of the Market Update: Afternoon video report.

Street Slows To Mixed Finish
Oil roared back, spoiling an early gain on an encouraging jobs report.

Commodity Prices Temper Street's Optimism
This is a transcript of the Market Update: Afternoon video report.

Stocks Fall on Poor Earnings, Oil Prices (at BusinessWeek)

[$$] Stock Market Loses Ground Under Pressure From AIG, Oil (at The Wall Street Journal Online)

Stocks Close Lower on Record Oil, AIG Loss (at CNBC)

[$$] Losses at AIG Drag Stocks Down (at The Wall Street Journal Online)
AIG's Loss Hampers Stocks U.S. stocks fell broadly after American International Group announced a $7.8 billion loss. Activision jumped after the videogame maker said it swung to a fiscal fourth-quarter profit.

Citi promises to rein in risk (at Fortune)
Wall Street will be looking for proof that Citi can follow through on plans to build its business without increasing risk.

Citi to slash a fifth of balance sheet in coming years (at MarketWatch)
Citigroup unveils plans to reduce its asset base by about $500 billion over the next several years, in a bid to shore up its capital base and rid itself of riskier investments.

[$$] Treasurys Rally Tripped Up (at The Wall Street Journal Online)

Four at Four: A Sour End to the Week (at The Wall Street Journal Online)

Sovereign, AIG among big market movers (AP)
Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

UPDATE - FACTBOX-Capital raising by financial institutions (at Reuters)

Wall Street Loses Its Winning Ways (at Forbes.com)

The BullMarket.com Market Wrap: May 9th, 2008 (Indie Research)

Citi Shedding $400 Billion in Assets (at TheStreet.com)

Stocks decline as AIG reveals need for cash, oil surges (AP)
Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices.

Closing Glance: Diversified financial shares mostly drop (AP)
Shares of most diversified financial-services companies dropped on Friday, as investors' concerns increased about continuing fallout from the credit market crisis and rising oil prices.

Stocks End Week to the Downside (at TheStreet.com)

Small caps end in the green (SmallCapInvestor.com)

Citigroup to shed nearly $500B in assets (AP)
Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review -- but only after shrinking the company by about one-fifth first.

DJIA Leaders and Laggards: AIG JPM (AP)
Shares of American International Group Inc. took the biggest loss on the Dow Jones Industrial average Friday after the insurer posted a steeper-than-expected loss in the first quarter, helping to drag the index lower.

Financial Winners & Losers: AIG (at TheStreet.com)

Asset Management Guide - Sponsored Link
Ad - Directory Of Asset Management. Find Asset Management Info Quickly.

Citigroup to shed $500 billion in assets
NEW YORK -- Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. The bank's

Citi to slash a fifth of balance sheet in coming years
NEW YORK (MarketWatch) -- Citigroup Inc. said Friday that it would slash more than a fifth of the assets currently on the balance sheet over the next three years, in a bid to shore up its capital base and divest itself of riskier investments, the banking

$500 billion on the block - Citigroup
NEW YORK (CNNMoney.com) -- Citigroup Inc. said Friday it planned to unload more than $400 billion in assets over the next few years as the beleaguered banking icon aims to reinvigorate itself. The announcement, which was made during a widely anticipated

Cross Country Healthcare to Present at Citigroup Healthcare Conference
Cross Country Healthcare, Inc. (Nasdaq:CCRN) announced today that it is scheduled to make a presentation on Wednesday, May 21, 2008, at 1:00 p.m. Eastern Time at the Citigroup Healthcare Conference being held at The Hilton New York Hotel in New York

Citigroup to shed $500b in assets
NEW YORKCitigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.The plans are the

Jazz Pharmaceuticals to Present at Citigroup Healthcare Forum
PALO ALTO, Calif., May 9 /PRNewswire-FirstCall/ -- Jazz Pharmaceuticals, Inc. announced today that Samuel R. Saks, M.D., the company's Chief Executive Officer, will provide a corporate presentation at the Citigroup Healthcare Conference in New York, NY

Citigroup to shed nearly $500B in assets
NEW YORK -- Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. The plans are

Sector Snap: National Banks shares climb
National banks mostly rise, though Citigroup slips as it plans to shed $500 billion in assets NEW YORK (AP) -- Shares of national banks mostly rose Friday, though Citigroup Inc. shares slipped after the company disclosed that it plans to shed nearly $500

Citigroup to slash $400 bln in assets
Citigroup, the US bank hardest hit by the subprime mortgage crisis, said Friday it plans to slash its assets by some 400 billion dollars over the next two to three years. The banking giant made the disclosure in slides posted on its website that cover

UPDATE: Citigroup Aims To Eliminate $400 Billion In Non-Core Assets
NEW YORK 'These reductions will release capital that we could use in our other businesses,' Pandit said. Citigroup's Pandit said the $500 billion Citigroup He said the bank will aim to reduce that exposure to less than $100 billion The same presentation

Citi Hopes to Slim Down by $400 Billion
By Riley McDermid NEW YORK (Dow Jones) -- Citigroup Inc. plans to reduce about $400 billion of non-core, 'legacy' assets over the next several years in a bid to shore up its capital base and divest itself of riskier investments, the banking giant said

Euroshares close down, oil soars to $126, Wall St lower on AIG, Citi UPDATE
(updating with full report) LONDON (Thomson Financial) - Europe's leading exchanges ended with losses Friday, as the price of oil hit a new all-time high above $126, and following unsettling announcements from U.S. giants AIG and Citigroup. The DJ STOXX

Citigroup to shed nearly $500B in assets
NEW YORK Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. The plans are

Citigroup to shed nearly $500B in assets
Citigroup plans to shed almost $500 billion in assets, grow revenue as part of new structure NEW YORK (AP) -- Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to

Citigroup to sell off USD500bn in assets
(BizWorld) Banking and finance giant, Citigroup, Citigroup plans to sell off around USD500 billion of non-core, 'legacy' assets over the next several years in a bid to shore up its capital base and get rid of riskier investments. 'These reductions will

Financials limit losses on TSX
TORONTO - The Toronto stock market was little changed late Friday morning as energy stocks stepped back despite higher oil prices while the market found buoyancy from the financial sector despite more jarring news from the U.S. insurer American

Citigroup's $400B Yardsale
There are more questions than answers from Citigroup's plan to sell close to $400 billion in assets. In the mean time, investors are left to feel out which assets those are, and how to interpret the meaning of such a large sale. Since late last year,

Fitch Rates Alaska Housing's $900MM 2007 Series A, C & D Draw Down Bonds
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA-' rating to the Alaska Housing Finance Corporation (the Corporation) draw down bonds series 2007 A, C & D. The bonds were authorized on March 1, 2007, along with the 2007 series B bonds, in a

Citigroup to sell $500-billion in assets
NEW YORK - - Citigroup Inc. The bank's plans to wind down its $2.2-trillion in assets to approximately $1.7-trillion were part of an investor day presentation. Citigroup has been under heavy investor scrutiny over the past year as the value of its stock

Pandit to reveal turnaround strategy for Citigroup
NEW YORK: Vikram Pandit, chief of the troubled Citigroup, is set to reveal his revival strategy to investors and he is expected to emphasise on the business model. In Pandit's view, Citi should concentrate on four main lines of business - credit cards,

Pandit to reveal turnaround strategy for Citigroup
Vikram Pandit, chief of the troubled Citigroup, is set to reveal his revival strategy to investors and he is expected to emphasise on the business model. In Pandit's view, Citi should concentrate on four main lines of business - credit cards, wealth

Citigroup to shed nearly $500B in assets
Stocks mentioned in this article Citigroup Ord Shs (C) Stock Quote, Chart, News, Add to Watchlist DEUTSCHE BANK AG NA O.N. (DB) Stock Quote, Chart, News, Add to Watchlist Related topics NEW YORK (AP) - Citigroup Inc. said Friday it aims to shed about

Stocks Fall on A.I.G. Losses and Oil Surge
NEW YORK (AP) -- Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times gave up more than 100

UPDATE: Citigroup Aims To Eliminate $400 Billion In Non-Core Assets
NEW YORK (Dow Jones) -- Citigroup Inc. plans to reduce about $400 billion of non-core, 'legacy' assets over the next several years in a bid to shore up its capital base and divest itself of riskier investments, the banking giant said Friday. CEO Vikram

Stocks decline as AIG reveals need for cash, oil surges
NEW YORK (AP) - Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times gave up more than 100

Citigroup to shed nearly $500 billion in assets
NEW YORK -- Citigroup Inc. said today it aims to shed about $500 billion in assets and grow revenue by 9% over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. The plans are the most

NewsWatch: U.S. stocks slammed by big AIG loss
MARKETWATCH FRONT PAGE U.S. stocks tumble as the financial sector spouts more leaks after American International Group Inc. reports a $7.8 billion loss and Citigroup Inc. unveils plans to shed about half a trillion dollars in assets. Commodities Corner:

Citigroup predicts 9% revenue growth
Citigroup says it's aiming for nine per cent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets. Citigroup generated $US13.22 billion ($A14.02 billion) in revenue during the first quarter.

Citigroup to shed $500B in assets
Extract not available.

The mother of all garage sales
LONDON (MarketWatch) -- When times get tough, personal finance experts sometimes suggest holding a garage sale to raise spot cash and clear out clutter. Citigroup (C:CNews, chart, profile, moreLast: Delayed quote dataAnalyst Create

Blue-Light Specials at Citigroup as Its New Chief Plans a Revival
Since becoming Citigroup’s chief executive in December, Vikram S. Pandit has been clearing out the corporate attic of weak businesses and unloading worrisome assets.

Citi to Send a Top Banker to Dubai
Hoping to establish a stronger foothold in the oil-rich region, Citigroup is sending Alberto J. Verme, a co-head of investment banking, to Dubai by the end of the month.

Investors Flee Chief’s Fund at Citigroup
The chief executive of Citigroup, Vikram S. Pandit, finds himself in the position of having to restructure or make changes at the hedge fund he co-founded and that Citigroup purchased.

Citigroup to Sell $3 Billion in Stock
Citigroup Inc., the banking giant, said that it planned to sell $3 billion of common stock to bolster its capital levels.

Where Was the Wise Man?
Robert E. Rubin mainly serves as Citigroup’s consigliere, but some still fault him for losses in the credit crisis.

Banks and Beyond
Like the banks that are trying to get ahead of the next round of losses by setting aside heftier reserves, Congress must reassess its responses to the downturn.

Banks Hunting For More Cash
Financial institutions are attempting to raise capital nine after after crisis in American mortgage market began to tear through financial world; cost to banks is approaching $300 billion; banks have raised total of $160 billion so far; banks are expected to suffer billions of dollars in additional write-downs on mortgage investments and other debt in months ahead; analysts says write-downs could eventually exceed $750 billion if economy sinks into prolonged recession; Bank of America reports a...

Stocks Jump on Google and Citigroup Results
Wall Street bounded higher as results from Citigroup and Google helped ease investor anxiety about the health of corporate profits.

Citigroup Records a Loss and Plans 9,000 Layoffs
The results contained few surprises, and investors responded to the bank’s $5.1 billion loss by pushing markets sharply higher.

Looking Up, but From a Deep Hole
Since the big banks first realized last fall that their capital situations were perilous, more than $100 billion has been poured into them.

Citigroup Unit to Curb Loans
The Student Loan Corporation unit of Citigroup said on Wednesday that it would suspend lending at schools where the financial return was “unsatisfactory.”

Dismissal Rejected for Buyout Suit
A Texas court has rejected a request by several banks to dismiss a lawsuit seeking to force them to finance a $20 billion buyout of Clear Channel Communications.

Citi Is Said to Be Near Deal to Sell $12.5 Billion of Loans
Betting that the long-frozen credit markets are starting to thaw, Apollo Management, TPG Capital and the Blackstone Group have agreed in principle to buy about $12.5 billion of loans from Citigroup.

A Strong Start to the Second Quarter
The stock market rose last week in its biggest weekly gain in two months.

A Stormy Decade for Citi Since Travelers Merger
The merger of Citicorp and Travelers, a deal that created a financial supermarket, is looking less visionary as the behemoth lumbers from one crisis to another.

Citigroup may unveil $400 bn asset sales

Citigroup Plans to Shed About $400 Billion of Assets (Update6)

Outlook roundup: Citigroup, Sonic

Mexichem Rises After Citigroup Boosts Share Estimate by 59%

Financial sector slammed again by large AIG loss, Citigroup

Citigroup targeting 9 percent revenue growth

US Stock-Index Futures Drop; AIG, Citigroup, Delta Retreat

Maddox Hargett & Caruso, PC and Co-Counsel Continuing Investigation of Citigroup's Falcon, ASTA and MAT Hedge Fund Collapse and Evaluation of Prospective Exchange Settlement Offers for Investors

UPDATE:Citigroup Moves Global Co-Head Of Invest Bank To Dubai

Clear Channel Judge Denies Banks' Request to End Suit (Update3)

 

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