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Primerica Financial

Primerica Financial

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End of Day Report - C - There is Still Hope in Citigroup, Despite Losses - Sourced WhisperFromWallStreet.comCitigroup Inc.Rochester, NY 7/10/2009 07:44 PM GMT (TransWorldNews) �End of Day Report - C - There is Still Hope in Citigroup, Despite Losses - Sourced WhisperFromWallStreet.comCITIGROUP INC,C2.58 Down 0.11 (4.09%)� 3:36pm ETMichael Corbat, the executive tasked by Citigroup Inc.

(C) with disposing of its unwanted assets, insists there is still life in some of them, despite their heavy losses.

How heavy those losses are became clear on Friday, as Citigroup reported historical results for the businesses it wants to retain and for the businesses it wants to sell or wind down.

Corbat's job as chief executive of Citi Holdings, the receptacle for those businesses Citi considers no longer essential, is to find solutions for the division's hodgepodge of businesses, loans and securities.

Those assets are tied to no less than eight different legal entities within Citigroup.

The goal is to dissolve Citi Holdings without incurring self-destruction through fire sales or damaging the businesses.

"You don't want to run off assets at such a pace that you destroy value in a business." Corbat said in an interview several days before the data were released.

"Sure, we are working through our troubled assets, but we've also got the ability to generate new assets where it makes sense."���� �Last Trade:����� 2.56�� ��� ��� ��� �Day's Range:��� 2.56 - 2.6852wk Range:��� 0.97 - 23.50�� �Volume:���������� 114,136,798ABOUTCitigroup Inc., doing business as Citi, provides a range of financial products and services to consumer and corporate customers.

The company operates through four segments: Global Cards, Consumer Banking, Institutional Clients Group, and Global Wealth Management.

The Global Cards segment offers MasterCard, VISA, Diners Club, private label, and American Express card products.

The Consumer Banking segment involves in retail banking, consumer finance, real estate lending, and small and middle market commercial banking; and provides personal and auto loans, student loans, investment services, and Primerica financial services.

As of December 31, 2008, it operated 7,730 branches.

The Institutional Clients Group segment engages in various securities and banking activities comprising investment banking, debt and equity, lending, private equity, hedge funds, real estate, structured products, and managed funds.---WhisperfromWallStreet.com has a proven track record in picking winning stocks.� While neither we nor anyone can offer a guarantee, we scan countless stocks on a daily basis to seek out those that have the greatest opportunity for gain.� When we find these stocks, we immediately send an alert to our membership.� Please feel free to track our results by joining our newsletter free.� So far in 2009 we have sent over 40 alerts to our members with an average gain of over 80%.Join our stock alert service free.If you're an investor and interested in knowing which penny stocks are getting ready to run, sign up for our penny alerts at http://whisperfromwallstreet.com/ During 2009 we have sent out over 40 stock alerts resulting in an over 80% price gain.� Sign up now FREE to track our results.---Disclaimer: Full disclaimer at http://whisperfromwallstreet.com/disclaimer.phpIMPORTANT NOTE: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.� This press release should not be construed as a solicitation to buy or sell any particular stock or security.� Neither WhisperfromWallstreet, nor any of its affiliates are registered investment advisors or broker [email protected].comEmail Article to a friend �� | �� View ProfileVisit Blogs ������������������������� | �� NEWS ALERTSReceive alerts for C to your inbox.

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http://www.transworldnews.com/NewsStory.aspx?id=101268&cat=8
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