Citigroup Nominates New Directors
Excerpt from the InvestorGuide.com Stock of the Day on 3/16/2009

Citigroup was back in the news today, but not because of disappointing quarterly results or an increase in the government's stake in the company. The company announced on Monday that it has nominated four new directors as part of the company's revamping strategy. Citigroup confirmed that former Philadelphia Fed chief Anthony Santomero, former U.S. Bancorp Chief Executive Jerry Grundhofer, former Bank of Hawaii Corp. Chief Executive Michael O'Neill and William S. Thompson, former co-head of bond giant Pimco have been nominated as candidates. The news comes as a result of increased scrutiny by federal officials about the current directors at the company. Why are federal officials trying to oust the company's current directors? Could a new group of directors really return this company to the fame and glory that it once had? More >

Citigroup Division Becomes Competitor-Owned
Excerpt from the InvestorGuide.com Stock of the Day on 1/14/2009

Yesterday, Citigroup confirmed a joint venture that investors and analysts have been predicting would occur. Smith Barney is to merge with its Morgan Stanley (MS: Charts, News, Offers) counterpart to become a new broker and wealth management division. This came as a result of increased pressure from the US government on the bank to raise more cash. Now, analysts and experts are speculating that Citigroup will divest itself even further in order to raise more capital or equity. But how far will they go, and what will be left of the company after all is said and done? More importantly, did this sale even make sense? More >

Another Round of Job Cuts for Citigroup
Excerpt from the InvestorGuide.com Stock of the Day on 11/17/2008

Economic conditions are still recessionary and have a ways to go before bouncing back as was evident when Citigroup announced their plan to eliminate 53,000 jobs in the coming quarters. Citigroup also mentioned that they would be cutting costs by about 20 percent across the company and will try to sell off their troubled assets. In contrast, the most current unemployment rate was reported at 6.5 percent by the US Department of Labor, and the next report for the month of November is not scheduled to be released until December 5. So how are investors feeling about Citigroup's job cuts? What exactly are the details of this layoff and how does this compare to other companies both inside and outside of the financial sector? More >

Citigroup's $2.5 Billion Dollar Loss Calms Investors   7/18/2008

Lights Have Gone Out in The Citi (C)   3/7/2008

Citigroup Loses Almost $10 Billion - Much More than Expected   1/15/2008

Citigroup Bracing For a Lousy Third Quarter   10/1/2007

A Princely Second Quarter at Citigroup   7/20/2007

A Soap Opera Unfolds at Citigroup   2/16/2007