Citigroup News

It has been over a month since the 1Q financial reports and Citigroup Inc has been active changing multiple facets of the company.

Jamie has a twin brother, Theodore Dimon, Jr., who is the founder of the Dimon Institute in New York city.

In a sign of Wall Street's resurgent influence in Washington, bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations .

Here's a fact that may make your blood boil: Nearly 8,000 Occupy Wall Street protesters have been arrested in association with the activist movement, while not one banker has been prosecuted for the actions that lead up to the country's financial meltdown.

They currently have a $47.10 target price on the stock. Shares of Citigroup traded down 0.63% during mid-day trading on Thursday, hitting $50.68. Citigroup has a 52 week low of $24.61 and a 52 week high of $52.89. The stock's 50-day moving average is currently $47.00. The company has a market cap of $154.2 billion and a P/E ratio of 18.75.

Bloomberg announced IB Dealing, a new chat-based FX trading tool for subscribers with Citigroup as a client, amid reports that Citi and other Wall Street banks are building their own alternative chat platforms.

Patty Limerick, left, listens as Gov. John Hickenlooper speaks about fracking to a crowded room on May 2 on the University of Colorado campus in Boulder.

Bond investors don't perceive the six biggest U.S. banks as "too big to fail," according to a report from one of those lenders, Goldman Sachs Group Inc.

According to Citi, Puerto Rico will be the first to adopt this new technology, positioning Citi as the first local Commercial Card Issuer to deliver a chip card solution into that market.

As part of its ongoing restructuring process, Citigroup was again in the news recently for selling its Consumer Business Operations in Brazil.

Emerging-market stocks rose to the highest level in more than a week before Federal Reserve Chairman Ben S. Bernanke's testimony on the economy.

Pharmaceutical names dominated the S&P 500's leaderboard with Bristol-Myers Squibb Co.

Most Chinese stocks rose before the release of a preliminary manufacturing index tomorrow.

Goldman Sachs Group Inc. ended a seven-year investment in Industrial & Commercial Bank of China Ltd.

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.