DALLAS, Feb. 25, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Citigroup Inc. (NYSE:C). The report includes financial, comparative and investment analysis, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/C
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Citigroup Inc. (C), a global financial services company, provides consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage and wealth management. It has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The Company had more than 200 million customer accounts as of May 4, 2009. On February 27, 2009, the Company announced the U.S. government would be taking a 36% equity stake in the Company by converting $25 billion in emergency aid into common shares. Since then the 36% stake has been reduced to 27% after the Company sold $21 billion of common shares & equity in the largest single share sale in U.S. history.
Message Board Search for C: http://www.boardcentral.com/boards/C
In the report, the analyst notes:
"C has reportedly grown closer to selling its $4 billion hedge fund business to SkyBridge Capital, a New York alternative-asset manager. According to the Wall Street Journal report, which cited people familiar with the talks, the Company is selling assets that include about $1 billion in investments farmed out to hedge funds, about $2.5 billion in hedge-fund assets on which the bank advises, and $500 million in seeding capital tied to stakes in small hedge funds. An agreement has yet to be signed and the proposed sale price couldn't be determined, the report said."
To read the entire report visit: http://www.stockpreacher.com/n/C
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