Citi said they want to see high single digit growth before they re-rate the core.
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Analysts at Citi said that foreign currency negatively impacted sales results for the first time since September 2009.
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Earlier this year Citi said such a charge could come up but did not believe it was material.
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In March Citi said it was reducing residential assets in the U.S. mortgage market to 20.0% below 2007 levels.
In March Citi said it was reducing residential mortgage assets in the U.S. mortgage market to 20% below 2007 levels.
"We have no reason to believe that our customers' personal information has been accessed or used inappropriately by anyone, " Citi said.
Citi said it was not planning to cut its dividend, as some analysts suggested last week, to shore up its sagging capital ratios.
Last week Citi said it would take nearly a half-billion dollar fourth-quarter charge related to severance and other costs associated with 4, 500 layoffs.
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Citi said it is being more selective in its marketing, focusing on well-to-do consumers instead of the broader swath of customers targeted in the past.
In a regulatory filing last week, Citi said it had received subpoenas and information requests relating to subprime mortgages, mortgage securities, derivatives and off-balance-sheet funds.
Citi said the performance share units (PSUs) will now account for a portion of annual incentive compensation, in an effort to strengthen the existing links between pay and performance.
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In an incident that highlights the growing security challenges around wireless apps, Citi said its iPhone app accidentally saved information including account numbers, bill payments and security access codes in a hidden file on users' iPhones.
Citi said while the net short position in copper is not as high as it was in February 2009 when it reached more than 22, 000 short contracts in the disaggregated report, copper remains in an oversold condition.
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Although Citi has said previously that it plans to shed assets to improve its capital position, the magnitude of the potential sales struck some analysts as worrisome.
"Citi is engaged in ongoing dialogue with Secretary Paulson, the administration and other key stakeholders to explore solutions for the current challenges in the mortgage industry, " a Citi spokesman said.
Rene Schuurman, director and global product manager for connectivity services at Citi, said that SWIFT has been working hard since 2003 to get more corporations connected to banks using its network.
Rene Schuurman, director and global product manager for connectivity services at Citi, said that Microsoft was one of the first movers and its model has generated a lot of interest among other bank clients.
Citi Futures Perspective said futures and options open interest for silver is down by 23% year-over-year in the disaggregated report.
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On the call with analysts Pandit said Citi shareholders will have to wait until 2012 for the bank to resume dividends.
Despite some reports of difficulty, Citi Bike riders said the system has largely worked, even as riders helped each other work out the kinks.
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"This is an opportunity for someone big to make a move, " said David Robertson, publisher of the Nilson Report, who said Citi is the most logical buyer.
The people said Citi will wait until it sells its consumer-lending business, OneMain Financial, and sheds or runs off additional assets housed within Holdings before finalising its decision on the cards unit.
Mr. Malin, the president of Citi Habitats, said the limited supply of new condominiums was a "drop in the bucket" that would do little to ease the pressure on record-high rents and low vacancy rates.
After Monday's fire, the big question for Boeing will be whether the issue is a manufacturing defect, which can be fixed relatively cheaply, or a design flaw, which might require expensive redesign and rework on existing planes, said Citi analyst Jason Gursky.
New York City officials are shaking up one of Mayor Michael Bloomberg's key development priorities, putting off for years the creation of a new neighborhood in Queens' Willets Point and calling first for a large retail center next to Citi Field, said people familiar with the matter.
In mid-February, Prince made a pilgrimage to the Saudi Arabian desert to meet with Citi's largest individual shareholder, Prince Alwaleed bin Talal, who has said recently that Citi needed to take "draconian" measures to cut costs.
In an order made public on Tuesday, the Fed said that Citi had agreed to fix "deficiencies" in its anti-money laundering controls.
On a visit to India in early November, Robert Rubin, chairman of Citigroup's executive committee and a former American treasury secretary, said that Citi might consider buying a local bank, if regulations allowed it to.
Citi denied the claims, but said it agreed to the settlement to "eliminate uncertainties".
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