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For immediate release Citigroup Inc. (NYSE symbol: C) December 20, 2002 Citigroup Statement on Settlement-In-Principle New York, NY, — Citigroup (NYSE:C) released the following statement on the settlement-in-principle reached today on all research, IPO allocation and spinning-related inquiries by the SEC, NASD, NYSE and the Attorney General of New York. The settlement represents neither evidence nor admission of wrongdoing or liability. "We are pleased that today's announcement of a settlement-in-principle will put these regulatory matters behind us. We share with our regulators the goal of restoring investor confidence. We have faced the difficult issues of the past several months head-on, and we have implemented new practices and standards that are leading the industry. We are a stronger company as a result." # # #
Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com |