Citigroup Inc
BRIEF: For the three months ended 31 March 2013, Citigroup Inc interest income decreased 8% to $16.17B. Net interest income after loan loss provision increased 5% to $9.59B. Net income applicable to common stockholders excluding extraordinary items increased 32% to $3.8B. Net interest income after loan loss provision reflects Unallocated segment increase of 18% to $3.96B, Latin America segment increase of 4% to $1.14B.
Common Stk. $.1 Par, 06/11, 60B auth., 2,931,850,680 issd., less 13,901,565 shs. in Treas. $1.08B. Insiders own 0.14%. Pref. capital raised $27.424B byissue of Class of Convert & Non-Convertible Pref. Stock. Convertible Common Shs. equivalents is 489,234,408. Preferred Stock $1 Par, 30M auth., 12,038 issd. 06/11, 1-for-10 reverse stock split.
Citigroup Inc. is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services. It operates in two segments: Citicorp, consisting of Citigroup’s Global Consumer Banking businesses and Institutional Clients Group, and Citi Holdings, consisting of Brokerage and Asset Management, Local Consumer Lending and Special Asset Pool. Global Consumer Banking (which included retail banking and Citi-branded cards in four regions-North America, EMEA, Latin America and Asia) and Institutional Clients Group (which included Securities and Banking and Transaction Services). In February 2012, it sold its 9.85% interest in Housing Development Finance Corporation Ltd. In May 2012, it sold 10.1% interest in Akbank T.A.S. In September 2012, the Company sold EMI Group’s recorded music division, EMI Music, to Vivendi and subsidiary, Universal Music Group.
