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  • Citigroup Inc. (NYSE:C) : What You Need to Know - 05/10/11

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    Tuesday May 10, 2011 at 11:12 am EST
    Citigroup Inc. (NYSE:C) - What you Should Know Today
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    Citigroup Inc. (NYSE:C) said that a former employee had committed fraud in Indonesia and sought to reassure card clients on Saturday, a day after the central bank slapped lengthy bans on its credit card and wealth management businesses.

    On the positive side, Citibank, Citigroup Inc.'s (NYSE:C) banking division has opened a Service Center of EMEA (Europe, Middle East and Africa) International Personal Banking (IPB) business in Bahrain.

    “IPB offers a bouquet of offshore international wealth management products and services targeting sophisticated investors who wish to tap into international investment opportunities, available through the bank’s offices in London and Jersey, as part of a balanced portfolio,” Citi said.

    Shares of Citigroup Inc. (NYSE:C) are trading at $44.43 Today at support level of $44.21. Major resistance points above current price are at $45.89, $47.58, $4.78, $49.27 and $50.76 while major support levels for Citigroup Inc. below $44.43 are at $42.74, $41.96 and at $41.1.

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