Items Tagged with 'Citibank Australia'


  • Citi Posts $4.3 Billion Profit after Smith Barney Sale

    On the back of the sale of Smith Barney brokerage unit, Citigroup [stock C][/stock] posted a $4.3bn Q209 profit, or $0.49 per share. Citi completed its sale of Smith Barney to Morgan Stanley [stock MS][/stock] on June 1, earlier than the original estimated close in Q309. That deal earned the bank $11.1bn pre-tax, $6.7bn after taxes. Citi's quarterly profit shows an improvement from a $2.5bn loss in Q208. The banking giant reported total revenue of $30bn in Q209, up $12.4bn from Q208, but that included the one-time sale of Smith Barney.
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  • Citi Shakes Up Senior Management

    Citigroup [stock C][/stock] shuffled its deck of senior managers Thursday to help further their strategic priorities, a spokesman for Citigroup said. The bank’s CEO, Vikram Pandit, elevated Edward Kelly from chief financial officer to vice chairman of Citi. John Gerspach will move from his position as controller and chief accounting officer to the CFO seat.
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