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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Citigroup

Citigroup stories: 252 news summaries

241 - 252 of 252 Stories | << Prev 1 ... 9 10 11 12 13

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Citigroup Profit Plunge Hits a Nervous Market

57% quarterly drop, gloomy outlook drive bank's stock down

Oct 15, 07 12:57 PM CDT
(Newser) - Citigroup reported a 57% drop in third-quarter profits today, anticipated news that nevertheless sent the bank's shares down by 3.6% to $46.17. The news helped drive nervous market downward as well. "This is the beginning of earnings season, and the market is skittish because analysts are looking... More »

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Citigroup • bank • credit crisis • Charles Prince

Banks to Form $100B Fund to Back Mortgage Securities

Critics say plan is unnecessary, only helps Citigroup

Oct 13, 07 6:37 PM CDT
(Newser) - Citigroup and other major banks are banding together to create a $100-billion fund to buy back shaky mortgage securities in order to contain the threat of their undermining the markets and hurting the economy. The unprecedented project, pooling money from banks like JP Morgan and Bank of America, has been... More »

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Citigroup • Bank of America • subprime mortgages • mortgage backed securities • superconduit • Master Liquidity Enhancement Conduit • structured investment vehicles • JPMorgan Chase

Dow Breaks 14,000 for 2nd Time

New clarity takes steam out of doomsday scenario

Oct 1, 07 3:53 PM CDT
(Newser) - Citigroup and UBS warned of steep third quarter declines today, and the Dow responded by jumping 191.92 points—reacting to new clarity in an uncertain market, the Wall Street Journal reports. The index hit an intraday record—14,091.53—before closing at 14,087.55, only the second... More »

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Citigroup • Dow Jones • subprime mortgages • UBS • Nasdaq • S&P 500

Citigroup Earnings Plunge 60% on Subprime Woes

Company will be latest victim of market turmoil when it reports

Oct 1, 07 10:53 AM CDT
(Newser) - Citigroup is the latest big-name victim of the subprime crash, the company announced today, warning of a 60% third-quarter earnings drop. Full earnings will be out Oct. 15, but it appears net income will drop to $2.2 billion from the $5.51 billion reported last year. “Our expected... More »

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Citigroup • subprime mortgages • stocks • earnings reports • banking

Stocks Down, Led by Financials

Financial and energy companies led the way

Sep 24, 07 3:44 PM CDT
(Newser) - The stock market took a dip today after an IMF report predicted that credit markets may not “normalize" soon and will slow global economic growth. Financial and energy companies helped pull the Dow down 61.13 points to 13,759.06. Citigroup, Bank of America and JPMorgan Chase all... More »

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Citigroup • Bank of America • Dow Jones • General Motors • ExxonMobil • IMF • Nasdaq • S&P 500 • JPMorgan Chase

Wall Street Up, Up, and Away for Holiday Weekend

Investors thank Bush, Bernanke for gains

Aug 31, 07 4:42 PM CDT
(Newser) - On the eve of the holiday weekend, the major markets jumped today, riding encouraging comments by President Bush and Ben Bernanke to broad advances that pushed their monthly gains above 1%. The Dow, which saw 28 of 30 stocks rise, finished up 119.01 points, closing at 13,357.74.... More »

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Ben Bernanke • Wall Street • Citigroup • Federal Reserve • Dow Jones • subprime mortgages • stocks • Nasdaq • interest rate • S&P 500 • JPMorgan Chase

Top Banks Borrow $2B From Fed

Bid to encourage other banks to borrow to shore up credit markets

Aug 23, 07 5:12 AM CDT
(Newser) - America's biggest banks—Citigroup, Bank of America, J.P.Morgan Chase and Wachovia— have borrowed a total of $2 billion from the Federal Reserve at the government's so-called discount window. It's an attempt to shore up the faltering credit markets by encouraging smaller banks to borrow from the Fed without... More »

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Citigroup • Bank of America • Federal Reserve • Wachovia • Deutsche Bank • Wells Fargo • bank • JPMorgan Chase

Market Rallies After Fed Rollercoaster

Stocks gain on body's 'moderate' growth expectations

Aug 7, 07 4:32 PM CDT
(Newser) - Stocks were up across the board today after the Fed expressed confidence that “moderate” expansion would continue, countering fears that the subprime fiasco will bleed further into the broader market. The Dow was down more than 100 points immediately after the decision as traders scrambled to decode it, but... More »

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stock market • Exxon • Citigroup • Dow Jones • subprime mortgages • Nasdaq • AIG • S&P 500

Market Backs Off Milestone

After flirtation with 14K, reality bites

Jul 20, 07 4:04 PM CDT
(Newser) - A week of record highs ended with a thump today as the major markets plummeted after a flurry of disappointing quarterly earnings reports. The Dow, which crested 14,000 yesterday, dropped 149.33 to close at 13,851.08, off more than 1%. The S&P 500, beset by worries... More »

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Google • Citigroup • Dow Jones • Nasdaq • Caterpillar • S&P 500

International Banks Face Trial in Italian Court

Morgan Stanley, others indicted in wake of Parmalat bankruptcy

Jun 13, 07 10:15 AM CDT
(Newser) - Four gold-plated investment banks have been ordered to stand trial for alleged market manipulation for their roles in advising Italian dairy giant Parmalat, which declared bankruptcy in 2003. Italian prosecutors say Morgan Stanley, Deutsche Bank, UBS, and Citigroup allowed Parmalat to manipulate its finances, helping it to defraud investors even... More »

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fraud • Citigroup • bankruptcy • Parmalat • Morgan Stanley • Deutsche Bank • UBS • bank

Layoffs Sink Stock Prices, Says Study

Forget the Seven Percent Rule; workforce morale critical to value

Apr 29, 07 8:00 AM CDT
(Newser) - Economists have long doubted the precept that cutting a company's payroll will lead to a spike in its stock price. But try telling that to CEOs, who are still trying to emulate the turnarounds achieved by G.E. and Proctor & Gamble. Now, a study reveals that markets actually have... More »

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stock market • Proctor • Citigroup • layoffs • economics • business • US economy

Citigroup Cuts 17,000 Jobs

Investors demanded downsizing; now the pressure's on raising revenue

Apr 12, 07 9:47 AM CDT
(Newser) - Citigroup will cut 17,000 jobs in an attempt to close the gap between its revenue, up 7% last year, and its expenses, up 15%. The two-year cost-cutting plan comes after shareholders demanded major changes, but analysts agree that lowering expenses is only the first step. Upping revenue is the... More »

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Citigroup • layoffs • cost cutting • business • finance

241 - 252 of 252 Stories | << Prev 1 ... 9 10 11 12 13


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