Citigroup CEO gets $26.7 mln stock, 3 mln options
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Citigroup Inc  awarded Chief Executive Vikram Pandit $26.7 million of shares and 3 million stock options, six weeks after he took over the largest U.S. bank, and a week after reporting a record $9.83 billion quarterly loss.
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NEW YORK (CBS.MW) -- Citigroup shares slid 95 cents, or 2 percent, to $46.00 in pre-market trade Monday after Merrill Lynch sliced its recommendation on the stock to &quot;neutral&quot; from &quot;buy.
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Citigroup Inc , the largest U.S. bank, may eliminate 17,000 to 24,000 jobs and write off as much as $24 billion for subprime and other credit losses, as part of a plan to cut costs and add capital, CNBC television said on Monday.
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Citigroup Inc.  could make as  much as $24 billion in writedowns and lay off 20,000 workers as  part of a plan to cut costs and boost capital, CNBC said on its  Website in a report dated on Sunday.
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Goldman Sachs Group  Chairman and Chief Executive Lloyd Blankfein received more than $54.3 million in cash, stock and options last year, setting a record for Wall Street CEO remuneration after leading the most profitable investment bank for just six months.
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Citigroup wrote off a colossal $18.1 billion on Tuesday and secured new capital as Merrill Lynch, also seen heading for big losses due to the U.S. subprime mortgage meltdown, announced a $6.6 billion shot in the arm.
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US banking giant Citigroup offers 1.253 trillion yen to buy Nikko Cordial, Japan's third-largest brokerage.
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Citigroup Inc.  said on Tuesday that it awarded Chairman and Chief Executive Charles Prince $25.98 million in compensation for 2006, about 13 percent more than a year earlier, though costs grew twice as fast as revenue.
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Citigroup Inc.  is in advanced  talks to buy Automated Trading Desk, an electronic trading  firm, for about $700 million, The Wall Street Journal Online  reported on Tuesday.
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Robert Druskin, Citigroupâs new chief operating officer, said he aims to make a âleaner, thinner Citigroupâ to win over frustrated investors.
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Citigroup Inc  is likely to  announce on Tuesday a significant dividend cut, at least $10  billion of new capital and a writedown of as much of $20  billion, the Wall Street Journal reported on Monday.
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Shares of Citigroup Inc  rose 3.4 percent on Friday on hopes the largest bank in the United States was close to securing new outside capital and preparing other moves to shore up its strained balance sheet.
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Citigroup Inc  plans to inject about $3.3 billion into six of the seven structured investment vehicles it took onto its balance sheet last year, to shore up their credit ratings and protect creditors, Dow Jones Newswires said on Tuesday, citing people familiar with the situation.
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On Wednesday, the company&#39;s shares (NYSE: DWA) were priced at $28, according to media reports. That was above the $23 to $25 range predicted.
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Goldman Sachs Group  Chairman  and Chief Executive Lloyd Blankfein received more than $54.3  million in cash, stock and options last year after leading Wall  Street's most profitable investment bank for just six months.
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Citigroup's new chief Vikram Pandit could save the troubled bank $5 billion and avoid a lot of pain. Here's why.
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WASHINGTON (CBS.MW) -- CIT Group (CIT) achieved 25 percent growth in net earnings for the third quarter, reporting $183.9 million, or 86 cents per share, up from $147.