Citigroup News

While Barack Obama's "favorite banker" continues to receive the royal treatment in Washington, new sleaze allegations threaten to further tarnish the golden boy image of "teflon don" Jamie Dimon, the CEO and Chairman of JPMorgan Chase.

Chad is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

When I look at Citigroup Inc , I can't help but think of something that Peter Lynch said about Fannie Mae years ago.

Former Citigroup CEO Pandit Joins Firm's Bid for a New Bank in India Even as the July 1 deadline to submit applications for setting up new banks in India approaches, the aspirants are solidifying their plans in case they are granted a license by the Reserve Bank of India.

Citigroup will move its traders, many of whom are based in London or New York, on to an internal platform by the end of the month.. Citigroup will move its traders, many of whom are based in London or New York, on to an internal platform by the end of the month.. Citigroup is banning traders in its foreign exchange division from accessing internal ... (more)

Vikram Pandit, who resigned from Citi last October, will also become non-executive chairman of JM Financial's banking arm if it succeeds in getting a banking licence, the company said.

Moore Capital Management and Appaloosa Management are among hedge fund firms that counted Citigroup Inc.

The offering closed at a price to the public of USD 25.00 per class A share, which included approximately 3.2m class A shares sold by the selling shareholders upon the exercise in full of the underwriters' option to purchase additional shares.

Sallie Krawcheck, the former senior executive at Bank of America Corp. and Citigroup Inc., agreed to buy 85 Broads, the global network with 30,000 members that promotes women as business leaders.

Citigroup Inc. can be granted a $1.2 billion claim against Lehman Brothers Holdings Inc.'s defunct brokerage and will pay an affiliate of the Lehman parent $167 million to settle a dispute over amounts owed on foreign-exchange transactions, a judge ruled.

Midway through trading Tuesday, the Dow was up 0.56 percent to 15,175.60, while the NASDAQ rose 0.64 percent to 3,460.81. The S&P was also up, rising 0.82 percent to 1,647.13. Top Headline Stocks continued their rally on Tuesday, with the Dow and S&P 500 hitting new intraday highs as investors expected the upward trend to continue.

U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further.

Of the 20 equities seeing the heaviest options volume in recent sessions, three names of notable interest this afternoon are American International Group Inc , Citigroup Inc , and United States Steel Corporation .

ItaAo Unibanco Holding SA will take over Citigroup Inc's Brazilian consumer finance units for 2.77 billion reais , as the nation's biggest bank by market value expands more rapidly in the local credit card market.

Brazilian bank Itau Unibanco Holding SA has agreed to buy the Brazilian consumer finance unit of Citigroup Inc.

Citi said that Simplicity was esigned to provide a simplified credit experience and alleviate the frustration of late fees for consumers.

U.S. stocks rose, with the Standard & Poor's 500 Index headed for its eighth record in the past nine sessions, on bullish comments from hedge-fund manager David Tepper and rising confidence among U.S. small businesses.

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Editor's Note: Related tickers: Goldman Sachs Group, Inc. , JPMorgan Chase & Co.

JPMorgan Chase & Co. 's CEO Jamie Dimon has been mostly quiet on the subject of the upcoming proxy vote at next week's annual meeting, where shareholders will decide whether the big bank's chief will retain his dual roles of board of directors chair and CEO.