Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Citigroup Inc.    C

CITIGROUP INC.

(C)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Citigroup : facing restrictions on sales of hedge fund investments: WSJ

share with twitter share with LinkedIn share with facebook
08/21/2014 | 08:18pm EDT
A sign is seen on the door of a Citibank branch in New York

(Reuters) - Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported.

The bank this month reached a $285 million fraud settlement with the regulator over a complaint concerning a 2007 sale of mortgage-linked securities debt that caused more than $700 million of investor losses.

Citigroup said in the letter to hedge fund firms that it was working with the SEC to resolve the issue, the newspaper reported. (http://on.wsj.com/1p0VwSD)

However, the bank is allowed to sell private investments to large institutions, the Journal said.

The restrictions are due to a "bad actor" rule the SEC adopted in July last year, which bars companies or individuals with a "criminal conviction, regulatory or court order or other disqualifying event" that occurred after September 2013 from participating in private offerings. (http://1.usa.gov/1voicBU)

Obtaining a waiver may require more review time following last year's rule change, the Journal said, citing a person close to the matter.

Citigroup spokeswoman Danielle Romero-Apsilos said the company declined to comment.

(Reporting by Ramkumar Iyer in Bangalore; Editing by Bernard Orr)

share with twitter share with LinkedIn share with facebook
All news about CITIGROUP INC.
10:34aINVESTIGATION REMINDER : The Schall Law Firm Announces it is Investigating Claim..
BU
10:00aCitigroup pledges over $1 billion to combat racial inequality
RE
08:05aCITIGROUP : Citi Launches More Than $1 Billion in Strategic Initiatives to Help ..
BU
06:44aChina Yangtze Power Seeks to Raise Up to $3.40 Billion in London Listing
DJ
04:31aCITI : Enhances Middle Office Services with New Client Reporting Solution
BU
09/22CITIGROUP : New Citi GPS Report Estimates $16 Trillion in Lost GDP Due to Racial..
BU
09/22CITIGROUP : Citi Third Quarter 2020 Earnings Review
BU
09/22INVESTIGATION ALERT : The Schall Law Firm Announces it is Investigating Claims A..
BU
09/22CITI : Private Bank Survey Finds Caution, Cash Conservation and COVID-19 Driving..
BU
09/21WALL STREET STOCK EXCHANGE : Wall Street-Backed Exchange Launches as Rival to NY..
DJ
More news
Financials (USD)
Sales 2020 74 018 M - -
Net income 2020 7 013 M - -
Net Debt 2020 - - -
P/E ratio 2020 13,2x
Yield 2020 4,74%
Capitalization 90 124 M 90 124 M -
Capi. / Sales 2020 1,22x
Capi. / Sales 2021 1,26x
Nbr of Employees 204 000
Free-Float 67,0%
Chart CITIGROUP INC.
Duration : Period :
Citigroup Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CITIGROUP INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 66,23 $
Last Close Price 43,29 $
Spread / Highest target 145%
Spread / Average Target 53,0%
Spread / Lowest Target 13,2%
EPS Revisions
Managers
NameTitle
Michael Louis Corbat Chief Executive Officer & Director
Jane Nind Fraser President, Director & CEO-Global Consumer Banking
John C. Dugan Chairman
Mike Whitaker Head-Operations & Technology
Mark A. L. Mason Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
CITIGROUP INC.-45.81%90 124
JPMORGAN CHASE & CO.-31.63%287 297
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-31.50%242 651
BANK OF AMERICA CORPORATION-32.03%207 419
CHINA CONSTRUCTION BANK CORPORATION-23.03%171 930
CHINA MERCHANTS BANK CO.. LTD.-0.21%137 952