Here’s this week’s round-up of Citigroup Inc. (NYSE:C) news briefings. Citigroup Inc. (NYSE:C) shares ended the week at 3.91 (as of 9/3/2010).

Weekly News Roundup: Citigroup Inc. (NYSE:C)

Monday 30 August

Citigroup (NYSE:C) and other credit card operators may have found a way around legislation designed to protect consumers. Since the Card Act was passed in March 2009 intended to protect the average consumer from high fees by card issuers like Citi (NYSE:C), the card issuers have now begun flooding the consumer market with cards normally reserved for small businesses.

In Q1, 2010, card issuers mailed out 256% more of these card than the same period last year, according to independent research firm Synovate.

Wednesday 1 September

Citigroup Inc. (NYSE:C) announced it will lower the balance requirements at its basic account level as part of a push to get more customers to use Citi for their primary accounts.

Also, at the premium account level, Citigold customers can avoid monthly fees if they meet the balance requirements, which the bank has set at $50,000.

But not all Americans want to have that much cash lying around not generating returns.

Thursday 2 September

Citigroup (NYSE:C) said Wednesday that it will triple its work force in China to about 12,000 during the next three years, as part of its strategy to expand rapidly in the country, which hosts about 9 percent of the company’s Asia workforce.

Citigroup (NYSE:C) spokesman Stephen Thomas comments that the plan is a “reflection of the fact that China is one of our priority markets around the world and we intend to continue to strongly grow our business in China.”

Friday 3 September

Vikram Pandit , CEO Citigroup Inc. (NYSE:C) said that Citi will continue to support microfinance in India and work towards financial inclusion.

“Leading Citi through one of the worst global slowdowns has certainly been challenging, but it also has been incredibly gratifying. I took the job because I believe in Citigroup Inc. (NYSE:C)’s purpose – Connecting clients with the world and helping customers build their financial futures,” he added.

We’ll be keeping a close eye on the Citigroup Inc. (NYSE:C) stock price for changes over the next few weeks.