Citigroup
Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.The plans are the most...
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Wall Street stumbled through an uneven session Wednesday, ratcheting up and down as the price of oil also seesawed and worries persisted about the financial sector.
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The price of oil dipped back to the $113-a-barrel level Wednesday after the government reported a massive increase in the nation’s crude supplies amid a slowdown...
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Swiss banking giant UBS AG agreed Friday to buy back nearly $20 billion in auction-rate securities from investors, a day after Citigroup Inc. reached a similar...
made popular Aug 8 2008
Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators...
made popular Aug 7 2008
New York Attorney General Andrew Cuomo says he’s reached a settlement worth more than $7 billion with Citigroup that requires the company to buy back auction-rate...
made popular Aug 7 2008
New York Attorney General Andrew Cuomo on Friday said he is prepared to charge Citigroup Inc. with fraudulent sales of auction-rate securities, and with the destruction...
made popular Aug 1 2008
New York Attorney General Andrew Cuomo says he is prepared to charge two units of Citigroup with fraudulent marketing and sales of auction-rate securities and with the...
made popular Aug 1 2008
Citigroup Inc. says the Securities and Exchange Commission and other regulators have subpoenaed information from the bank about the sale of its auction rate...
made popular Aug 1 2008
Treasury prices declined for a third straight session Friday after Citigroup Inc.’s second-quarter report eased investor concern about credit market...
made popular Jul 18 2008
Wall Street edged lower Friday as disappointing earnings from technology companies like Google Inc. and Microsoft Corp. offset upbeat results from Citigroup Inc.Stocks...
made popular Jul 18 2008
Wall Street turned mixed Friday as financial stocks rose in response to Citigroup’s upbeat results and tech stocks fell on disappointing earnings at Google Inc....
made popular Jul 18 2008
Wall Street turned mixed Friday as financial stocks rose in response to Citigroup’s upbeat results and tech stocks fell on disappointing earnings at Google Inc....
made popular Jul 18 2008
Wall Street retreated Friday after disappointing results from technology companies and higher oil prices offset a more upbeat report from Citigroup Inc.A pullback was...
made popular Jul 18 2008
Wall Street is down in early trading after disappointing results from Google Inc. and Microsoft Corp. offset a more upbeat quarterly report from Citigroup...
made popular Jul 18 2008
Citigroup posted another loss and laid off more employees in the second quarter as it struggled with surging loan defaults, but the shortfall was smaller than Wall...
made popular Jul 18 2008
Wall Street headed for a higher open Friday after Citigroup Inc. issued a better-than-expected earnings report, offsetting disappointing results from several other big...
made popular Jul 18 2008
Wall Street headed for a higher open Friday after Citigroup Inc. issued a better-than-expected earnings report, offsetting disappointing results from several other big...
made popular Jul 18 2008
Citigroup says it posted a $2.5 billion loss and laid off more employees in the second quarter as it struggled with surging loan defaults.The nation’s biggest...
made popular Jul 18 2008
So far, the nation’s major banks have announced some very comforting earnings numbers for the second quarter. But Wall Street is worried that the next big report...
made popular Jul 17 2008
Citigroup will sell its German retail banking operation to France’s Credit Mutuel for $7.7 billion in cash.In a statement released Friday, Citigroup said the deal...
made popular Jul 11 2008
Stocks tumbled early Thursday as oil prices jumped and Goldman Sachs downgraded the brokerage sector, including Citigroup Inc. The major indexes showed losses of more...
made popular Jun 26 2008
Stocks are sharply lower in early trading after a jump in oil prices and a Goldman Sachs downgrade of the brokerage sector that included a “sell” call on...
made popular Jun 26 2008
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