Citi Holdings

Credit card business no longer part of Citigroup?

September 1, 2009 - 7:55am | Articles | Banks and internet banks

On Monday Citi reported that it sold three credit card portfolios representing $1.3 billion in managed assets, as part of a plan to unload weak businesses and troubled assets that caused huge losses. The company did not disclose the names of the buyers.

With no details of the deal Citi said that it will continue to service the portfolios through the first half of 2010.

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Citi changes its management team

March 20, 2009 - 10:54am | Banks and internet banks | News

Citi today announced two senior management changes to support the company's business realignment. Gary Crittenden, previously Chief Financial Officer, has been named to the newly created role of Chairman of Citi Holdings, and Edward "Ned" Kelly, previously the Head of Global Banking, will assume the role of Chief Financial Officer at Citigroup. The realignment of Citi into Citicorp and Citi Holdings was announced on January 16.

Citi | Citi Holdings | Citicorp | Global Banking | management changes

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Citi splits into two parts and sells its Japanese unit

January 19, 2009 - 1:37am | Banks and internet banks | News

On Friday Citigroup Inc. announced what was already expected and anticipated by the experts and analysts long before. The company said that will be divided into two business parts thus returning to the model that was before it was turned into a "financial supermarket". The banking institution will be broken up into such structures as Citicorp and Citi Holdings. This is believed to free the bank of a burden of billions of dollars of "toxic assets".

banking business | Citi Holdings | Citicorp | Citigroup | Nikko Cordial Securities

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