Citigroup Inc (C.N)
26 Jan 2015
* Q4 net profit 644.3 mln dhs, up 28 pct y-o-y (Recasts, updates with CEO comments, detail, context)
DUBAI, Jan 18 - Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday.
Jan 16 - Citigroup Inc, the world's biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported.
(The following statement was released by the rating agency) CHICAGO, January 16 (Fitch) Citigroup's (Citi) fourth quarter 2014 (4Q'14) results reflect the ongoing drag of legal-related charges on the company, and the difficult operating environment. Excluding the impact of CVA/DVA during all periods, Citi's adjusted return on assets (ROA) was just 7 basis points (bps) in 4Q'14, and 40bps for the year, well below next year's targets of 90bps to 110bps. The full-year ROA improves to 59bps whe
- Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank's shares down more than 4 percent.
* Citigroup Inc CEO Mike Corbat: 'no reason' to think 2015 economic environment will be less challenging than 2014
Jan 15 - Citigroup Inc, in the midst of a pullback from consumer banking in several international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul its operations.
NEW YORK, Jan 14 - Citigroup Inc on Wednesday lost an appeal aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's $7.5 billion investment in late 2007 to shore up the then-struggling bank.
* Citigroup receives 10 bids for its Egypt consumer banking business - sources
DUBAI - Citigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the United Arab Emirates prominent among potential purchasers.
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