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By setting up municipal sales desks in foreign offices 10 years ago, top-ranked underwriter Citi had a head start in selling taxable munis to foreign investors, which turned out to be a major boon once Build America Bonds were introduced last year.

Citigroup's corner-turning first-quarter performance reflected more than just a boffo bond trading business and a well-timed economic recovery in overseas markets.

Despite a turnaround in the stock market and signs of recovery, a new survey by Citi revealed that American consumers still feel pessimistic about the economy, both nationally and locally.

Or so it would seem as execs, regulators refuse to take blame

On a day when many at the Citi financial confab told of their quest to deploy mounting capital in the United States, their host had a simple message: See you later.

But credit quality is stabilizing, boosting capital and profits

Low price-to-book values reflect doubts on accounting, risks

Disclosure was hard to miss, but also hard to understand

Citigroup has hired Sanjiv Sawhney as global head of fund services, a new position. He was previously head of fund services operations at JP Morgan and is returning to Citi, where he began his career and served for 15 years.

Sale would be part of effort to sell $715 billion in non-core assets

Could the "Volcker rule" be having an influence already?