Citigroup

WASHINGTON (AP) -- Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced the settlement with Citigroup on Thursday. It said the company repeatedly made misleading statements in calls with analysts and regulatory filings about the extent of its holdings tied to high-risk mortgages. The bank had said the exposure was $13 billion or less.

o Poll results as of 10:30 a.m. Wednesday Do you agree with the government plan to bail out Citigroup by providing the company with $20 billion? Yes -- 201 votes, 18 percent No -- 894 votes, 82 percent

From staff and wire reports Citigroup Inc. employees in Hagerstown can expect "slight changes" as the result of a companywide cost-cutting measure, local spokesman Phil Kelly said Tuesday. More details will be available today, he said. "There will be some slight changes, but we're not going anywhere," Kelly said. Citigroup Inc. chairman and chief executive Charles Prince said Monday he would release details of cost-cutting steps later this week, including the consolidation of some operations and moving others to lower-cost locations.

NEW YORK (AP) -- The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank. The deal announced Friday -- the third attempt at a rescue plan for Citigroup in the past five months -- is contingent on private investors also agreeing to a similar swap. The aim is to keep the New York bank holding company alive and bolster its capital as it faces growing losses amid the intensifying global recession.

WASHINGTON COUNTY - It has more employees than the towns of Sharpsburg, Clear Spring and Shepherdstown, W.Va., have residents - combined. Its child-care center once was the largest corporate day-care center in the nation. It holds the designation of being Washington County's largest private employer. Over the years, it has received too many community awards to mention. And now, Citigroup has one more accolade: A key to the city. Marking its 20-year anniversary, Citigroup (formerly known as Citicorp and still sometimes referred to by that name)

There was no information as of Wednesday afternoon about what Citigroup's plan to cut and shift jobs would mean locally. "I haven't heard any more news today," Phil Kelly, a spokesman for Citicorp Credit Services in Washington County, said in a voice-mail message. Citicorp Credit Services, a division of Citigroup, has about 2,400 employees at a credit-card center in Washington County.

Citicorp Credit Services Inc., Washington County's third largest employer, announced plans Thursday to hire about 200 people, and will hold a recruitment open house Tuesday for prospective job applicants. "Over the next two months, we will hire nearly 200 employees for our customer contact positions and we need to fill many management positions as well," company President Deb Gorbsky said in a press release. "We expect a nice infusion of strong talent and leadership potential," Gorbsky said.

HAGERSTOWN - Citicorp Credit Services Inc., Washington County's third largest employer, announced plans Thursday to hire about 200 people, and will hold a recruitment open house Tuesday for prospective job applicants. "Over the next two months, we will hire nearly 200 employees for our customer contact positions and we need to fill many management positions as well," company President Deb Gorbsky said in a press release. "We expect a nice infusion of strong talent and leadership potential," Gorbsky said.

Tiffani Love Wehrle and Edward Allen Boyer were married on Saturday, April 19, 2008, at Grace United Methodist Church in Hagerstown. The bride is the daughter of Dennis and Jan Love Wehrle of Hagerstown. The bridegroom is the son of Doris Boyer of Hagerstown. The bride is a 1999 graduate of North Hagerstown High School. She is employed as a billing dispute representative at Citigroup in Hagerstown. The bridegroom is a 1998 graduate of Williamsport High School. He is employed as an IT professional at BME Business Machines in Smithsburg.

Shaynna Noelle Green and David Matthew Everly were married on June 14, 2008, at Tayamentasachta in Greencastle, Pa. The bride is the daughter of Patricia Green Allen of Greencastle, and Rick Toms of Mercersburg, Pa. The bridegroom is the son of Lanette Neikirk and David Everly Sr. of Hagerstown. The bride is a 2007 graduate of Greencastle-Antrim High School. She is employed as a customer service sales associate with Citigroup in Hagerstown. The bridegroom is a 2006 graduate of North Hagerstown High School.

More than 250 people descended on the Washington County One Stop Job Center in Hagerstown Thursday to fill out applications and drop off resumes, trying to match their skills to the needs of prospective employers. "The turnout has been incredible so far .... We saw 56 people in the first hour," said Becky Dice of Aerotek. Many of those people also had the skills the staffing firm was looking for in warehousing, commercial services and professional services, Dice said. Machine and forklift operators and call-center representatives were among the positions Aerotek was looking to fill, she said.

NEW YORK (AP) -- Citigroup, still partly owned by the government after a rescue during the financial meltdown, is giving raises to top executives that could amount to millions of dollars. CEO Vikram Pandit, who is drawing a salary of $1 for the second year in a row, did not get a raise, but the chairman of the bank hinted it plans a big payout for him next year. The announcement Friday by Citi, which remains weaker than most of the large American banks two years after the meltdown, raised questions among experts on corporate governance.

WASHINGTON (AP) -- Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced the settlement with Citigroup on Thursday. It said the company repeatedly made misleading statements in calls with analysts and regulatory filings about the extent of its holdings tied to high-risk mortgages. The bank had said the exposure was $13 billion or less.

JAN. 18, 1943-MAY 19, 2009 BOONSBORO - Judy Louise Ammons, 66, of Boonsboro, went to be with our Lord on Tuesday, May 19, 2009, at her home. She was born Jan. 18, 1943, in Oakmont, W.Va., to Douglas Washington Love of New Creek, W.Va., and the late Wanda Virginia Stonebreaker Love. She was preceded in death by her husband, Roger Adam Ammons, on Nov. 16, 2008. She was preceded in death by her paternal and maternal grandparents. Judy was employed by Citigroup of Hagerstown, Md., until her retirement, and was previously employed by Harper and Row Publishing of Hagerstown.

"To the Chambersburg, Pa., caller who said the GOP was careening toward oblivion: I'd rather be careening toward oblivion than careening toward socialism, which is what's going on in this country. " - Shepherdstown, W.Va. "Just a small comment on the spelling bee I attended this past weekend. After a child misspelled their word, it would have been a good idea for one of the judges to spell the word correctly. " - Hagerstown "My wife works for Citicorp, which is a member of Citigroup here in Hagerstown.

NEW YORK (AP) -- The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank. The deal announced Friday -- the third attempt at a rescue plan for Citigroup in the past five months -- is contingent on private investors also agreeing to a similar swap. The aim is to keep the New York bank holding company alive and bolster its capital as it faces growing losses amid the intensifying global recession.

MARCH 2, 1944-FEB. 23, 2009 DeLinda Lee Shumaker, 64, of Hagerstown, passed away Feb. 23, 2009, at her home, surrounded by her loving family. Born March 2, 1944, in Washington, D.C., she was the daughter of the late Samuel Harrison and Virginia Katherine (Savory) Cooper. She was a Protestant by faith. She retired as a fraud specialist at Citigroup of Hagerstown in 2001 after 20 years of service. She was a member of the Redmen Club, Owls Club, both in Hagerstown, and loved to go dancing.

Tiffani Love Wehrle and Edward Allen Boyer were married on Saturday, April 19, 2008, at Grace United Methodist Church in Hagerstown. The bride is the daughter of Dennis and Jan Love Wehrle of Hagerstown. The bridegroom is the son of Doris Boyer of Hagerstown. The bride is a 1999 graduate of North Hagerstown High School. She is employed as a billing dispute representative at Citigroup in Hagerstown. The bridegroom is a 1998 graduate of Williamsport High School. He is employed as an IT professional at BME Business Machines in Smithsburg.

Shaynna Noelle Green and David Matthew Everly were married on June 14, 2008, at Tayamentasachta in Greencastle, Pa. The bride is the daughter of Patricia Green Allen of Greencastle, and Rick Toms of Mercersburg, Pa. The bridegroom is the son of Lanette Neikirk and David Everly Sr. of Hagerstown. The bride is a 2007 graduate of Greencastle-Antrim High School. She is employed as a customer service sales associate with Citigroup in Hagerstown. The bridegroom is a 2006 graduate of North Hagerstown High School.

o Poll results as of 10:30 a.m. Wednesday Do you agree with the government plan to bail out Citigroup by providing the company with $20 billion? Yes -- 201 votes, 18 percent No -- 894 votes, 82 percent