The U.S. bank has finalized an agreement that will see the U.S. government exchange a portion of its preferred securities
Peter Charrington will oversee the firm’s private banking activities in the U.S. and Canada
Combined firm boasts over 18,500 financial advisors
U.S. Citigroup Inc. is selling its Japanese securities business, Nikko Cordial Securities Inc., to Sumitomo Mitsui Banking Corp. in a deal worth US$7.9 billion.Citi announced Friday that it has reached a definitive agreement to sell Nikko Cordial to SMBC in a transaction valued at ¥774.5 billio, comprised of ¥545 billion for the purchase of the […]
Corbat named CEO of Citi Holdings unit
Citi to exchange preferred securities for common shares
Banking giant to separate into two separate businesses
Morgan Stanley Smith Barney joint venture combines 20,000 financial advisors
Former U.S. Treasury Secretary Robert Rubin is stepping down from his role at Citigroup Inc.Citigroup announced Friday that Rubin has retired as senior counselor effective immediately and has decided not to stand for re-election as a director at Citigroup’s annual meeting. He will continue to serve as a director until his current term expires at […]
Treasury will invest US$20 billion from TARP in exchange for preferred stock