Citigroup Inc. (NYSE:C) has launched the first banking app on Amazon’s Kindle Fire.

Citigroup Inc. Launches Kindle Fire Banking App

Citigroup Inc. (NYSE:C) has released its first banking app exclusively on Amazon’s Kindle Fire, to make mobile banking easy on tablets powered by Android operating system.

Citibank (Kindle Fire Edition) helps customers to check balances, pay bills, transfer funds, manage cash flow and access rewards.

Tracey Weber, Consumer Internet and Mobile Banking managing director at Citigroup Inc. (NYSE:C), said, “We’re thrilled to expand Citigroup Inc. (NYSE:C)’s mobile banking experience to Kindle Fire. Based on the extraordinary download rates and highly positive consumer feedback that followed our initial tablet app launch, we know how much our customers value these tools. When Amazon launched Kindle Fire, we understood our customers would want a customized app that brings dynamic banking capabilities to this popular new tablet, and we worked swiftly to create one”.

Citigroup Inc. (NYSE:C) shares are currently standing at 34.00.

Price History
Last Price: 34.00
52 Week Low / High: 21.4 / 46.9
50 Day Moving Average: 31.18
6 Month Price Change %: 21.5%
12 Month Price Change %: -26.9%

Citigroup Inc. (NYSE:C) has named Anuranjitha Kumar as the country human resources officer in India.

Citigroup Inc. Names New Country HR Officer

Citigroup Inc. (NYSE:C)’s Indian subsidiary has appointed Anuranjitha Kumar as the country human resources officer, replacing Stephen Cronin.

Anuranjitha, who has been working in the company for more than 17 years, will report to CEO Pramit Jhaveri.

She has held various positions in the bank and was the head of HR in EMEA Global Banking.

Jhaveri said, “With over 17 years of experience at Citigroup Inc. (NYSE:C), Anuranjita has a proven track record as a highly effective human resources leader. She brings a wealth of people management experience to the role. I am confident that she will prove to be an asset to our India operations”.

Citigroup Inc. (NYSE:C) shares were at 32.71 at the end of the last day’s trading. There’s been a 37.6% change in the stock price over the past 3 months.

Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.76
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.76
Zack’s Rank: 5 out of 15 in the industry

Citigroup Inc. (NYSE:C) has sold $1.2 billion of three-year notes in the US.

Citigroup Inc. Makes Note Sale

The US bank Citigroup Inc. (NYSE:C) has sold $1.2 billion worth of three-year notes or 2.65 percent notes in US credit markets to yield 230 basis points.

This sale is intended to raise $20 billion in capital markets by 2012.

The bank has $38 billion TLGP-related debt due this year.

A Morningstar Inc. analyst James Leonard said, “The bank’s three-year debt would be attractive all the way to a spread of 170 basis points. The bank is the best-capitalized of the four-largest U.S. banks”.

Citigroup Inc. (NYSE:C) stocks were at 32.36 at the end of the last day’s trading. There’s been a 36.4% change in the stock price over the past 3 months.

Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.76
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.76
Zack’s Rank: 5 out of 15 in the industry

Citigroup Inc. (NYSE:C) has launched TreasuryVision Global Liquidity Portal’s Intercompany Lending Module Version 2.0.

Citigroup Inc. Improving Liquidity Portal

Citigroup Inc. (NYSE:C) has enhanced its TreasuryVision Global Liquidity Portal with the release of Intercompany Lending Module Version 2.0 to simplify the tracking and reporting of financial flows and to manage the intercompany lending process.

This will also help clients to control their exposure.

Elyse Weiner, Citigroup Inc. (NYSE:C)’s Global Transaction Service’s head for Liquidity and Investments, said, “As part of our continued investment in innovative tools and services, we introduce the Next Generation of Intercompany Lending Management capabilities on the TreasuryVision(R) Global Liquidity Portal. This significant release is both an upgrade to the user experience offered today through the TreasuryVision Global Liquidity Portal, as well as significant expansion of this capability, through new product functionality and innovation”.

Citigroup Inc. (NYSE:C) shares were at 33.36 at the end of the last day’s trading. There’s been a 25.3% change in the stock price over the past 3 months.

Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.76
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.76
Zack’s Rank: 5 out of 15 in the industry

Citigroup Inc. (NYSE:C) has struck an agreement with Credit Suisse to provide administration services.

Citigroup Inc. Signs Credit Suisse Deal

Credit Suisse has selected Citigroup Inc. (NYSE:C) to provide administration services for its Asset Management division.

As part of the agreement, the bank will provide middle office solutions, custody and back office support services to Credit Suisse’s US based alternative investments business.

Mike Sleightholme, Citigroup Inc. (NYSE:C)’s head of Global Hedge Fund Services, said, “We are pleased to demonstrate the value of our expert staff and leading technology to Credit Suisse’s Asset Management division”.

Citigroup Inc. (NYSE:C) stocks were at 31.72 at the end of the last day’s trading. There’s been a 14.5% movement in the stock price over the past 3 months.

Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.76
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.73
Zack’s Rank: 6 out of 15 in the industry

Citigroup Inc. (NYSE:C) is planning to expand its presence in China.

Citigroup Inc. (NYSE:C) Focuses On Expansion

The US banking giant Citigroup Inc. (NYSE:C) announced that it will increase its investment in the world’s fastest growing market, even though the bank is reducing its workforce globally.

The bank recently received approval to launch its own credit card business in China.

Vikram Pandit, Citigroup Inc. (NYSE:C)’s chief executive officer, said, “We are resizing certain businesses, but part of the resizing is to relocate the resources to where the growth is. The bank’s new stage in China requires investment. We would continue our investment in China. As a global company, we’ve been working very hard at connecting the emerging markets with each other”.

Citigroup Inc. (NYSE:C) shares are currently standing at 33.66.

Price History
Last Price: 33.66
52 Week Low / High: 21.4 / 49.6
50 Day Moving Average: 28.82
6 Month Price Change %: 20.2%
12 Month Price Change %: -30.0%

Lehman Brothers has sued Citigroup Inc. (NYSE:C) for $2.5 billion.

Citigroup Inc. (NYSE:C) Hit By $2.5bn Leman Lawsuit

The bankrupt Lehman Brothers has filed a case against Citigroup Inc. (NYSE:C) demanding $2.5 billion, in which it said the bank wrongfully withheld transferred money from the company.

Lehman Brother is seeking hundreds of millions from the bank in damages.

It is also looking to reduce or deny $2billion that Citigroup Inc. (NYSE:C) has from Lehman Brothers.

Citigroup Inc. (NYSE:C) has denied the accusation and said that it will challenge the case.

Danielle Romero-Apsilos, a Citigroup Inc. (NYSE:C) spokeswoman, said, “This action is an unjustified attempt by the Lehman estates to renege on their obligations to Citigroup Inc. (NYSE:C), and claw back assets to which they have no right. The bank, which went out of its way to try to help Lehman prior to its bankruptcy filing, will fight the lawsuit”.

Citigroup Inc. (NYSE:C) shares were at 34.23 at the end of the last day’s trading. There’s been a 5.3% change in the stock price over the past 3 months.

Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.82
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.73
Zack’s Rank: 6 out of 15 in the industry

NAFE has named Citigroup Inc. (NYSE:C) as one of the ‘Top 50 Companies for Executive Women’.

Citigroup Inc. (NYSE:C) One Of The Best For Female Execs

The National Association for Female Executives (NAFE) has selected Citigroup Inc. (NYSE:C) as one of the ‘Top 50 Companies for Executive Women’ for its commitment to encourage hiring, retaining and promoting executive women.

Citigroup Inc. (NYSE:C)’s chief diversity officer Ana Duarte McCarthy said, “Citigroup Inc. (NYSE:C) is proud to be recognized by the National Association of Female Executives for its strong commitment to fostering the development, advancement and leadership of women. Attracting and developing the best talent is one of our highest priorities. We are committed to providing the skills, experience, training and support that emerging and established leaders need to succeed”.

Citigroup Inc. (NYSE:C) stocks were at 33.07 at the end of the last day’s trading. There’s been a 9.0% movement in the stock price over the past 3 months.

Citigroup Inc. (NYSE:C) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.82
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.73
Zack’s Rank: 4 out of 15 in the industry