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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Citigroup

Citigroup stories: 252 news summaries

21 - 40 of 252 Stories | << Prev 1 2 3 4 5 6 ... 13 Next >>

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Bailed-Out Bank Execs Fly Corporate Jets to Resorts

Citi, BoA, Morgan Stanley CEOs jetted off after cash infusions

Jun 19, 09 6:54 AM CDT
(Newser) - Executives at bailed-out banks are still using company jets to fly to vacation homes and resorts, the Wall Street Journal reports. The newspaper reviewed FAA records to find that banks receiving federal aid have flown top execs to locales such as the Caribbean, Aspen, and Europe. Case in point: Less... More »

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Citigroup • Bank of America • CEO • Morgan Stanley • bank • resorts • bailout • vacation home • executives • Regions Financial • corporate jets

(Newser) - The bankrupt Tribune Company could emerge from protection with its top creditors—and not chairman Sam Zell—in charge, the Chicago Tribune reports. Zell exerts control based on $90 million he spent to secure the option of buying 40% of the company for $500 million, and a $250 million loan.... More »

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media • Sam Zell • Tribune Company • Citigroup • bankruptcy • debt • JPMorgan Chase • Chicago Tribune • newspaper industry • creditor • lenders

 Citigroup Halts 
 Payouts to 
 Former Execs 

Promised severance packages curtailed to avoid public anger

Jun 2, 09 5:07 AM CDT
(Newser) - Citigroup has told several of its top former executives that it will not pay out millions in promised severance pay, reports the Wall Street Journal. The bank has already forked out more than half of the $100 million it had pledged to five or so senior employees, but it is... More »

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Citigroup • executive compensation • bank • Wall Street bailout • severance pay

 Dow Boots GM, Citi; 
 Travelers, Cisco 
 Take Spots 

Overhauls drive firms
off Industrial Average,
says editor

Jun 1, 09 9:30 AM CDT
(Newser) - General Motors and Citigroup are losing their spots on the Dow Jones Industrial Average after GM filed for bankruptcy, MarketWatch reports. Replacing them are Cisco Systems and The Travelers Companies. “A bankruptcy filing immediately disqualifies a stock regardless of a company's history or its role as a cultural icon,... More »

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stock market • Citigroup • Dow Jones • General Motors • Cisco • financial crisis • The Travelers Companies

MARKET Open

 Stocks Up Despite GM Filing 


Jun 1, 09 8:54 AM CDT
(Newser) - Stocks shot higher at the open this morning, as rising oil prices and strong manufacturing data from China outweighed news of GM's bankruptcy. The Dow rose 102 points; as of next Monday, the index will no longer include GM and Citigroup. The Nasdaq and S&P were each up 1.... More »

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China • oil • stock market • Citigroup • Dow Jones • General Motors • Nasdaq • S&P 500

ANALYSIS

Why Corporate Boards
Seldom Do Their Jobs Well

Directors largely responsible for missteps, but keep their jobs

May 28, 09 2:42 AM CDT
(Newser) - Recent shareholder meetings at Citigroup and the Bank of America devolved into morality plays—wronged shareholders berated executives, executives apologetically vowed to improve—with a rather curious epilogue: every member of the board of directors was reelected. The reason is that corporate boards are often filled with under-informed, over-paid yes-men... More »

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Citigroup • Bank of America • CEO • shareholders • business • corporate governance • board of directors

Citigroup Chair, Model Have Love Child

Parsons struggled
with breaking news to wife of 31 years

May 22, 09 2:17 PM CDT
(Newser) - The credit crisis isn’t the only problem that's been on Citigroup chairman Richard Parsons’ mind in recent months—there’s also the love child he fathered with a Ralph Lauren model, the New York Daily News reports, and how to tell his wife of 31 years about it. The... More »

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Citigroup • Richard Parsons • affair • love child • MacDella Cooper

(Newser) - In the wake of reports that complaining banks cajoled the Federal Reserve into sweetening some stress test results, the Wall Street Journal looks at the hard numbers. Citigroup, for example, was originally supposed to raise $35 billion; the number eventually released was $5.5 billion. The total for Bank... More »

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Citigroup • Bank of America • Federal Reserve • Wells Fargo • Treasury Department • banking industry • TARP • stress tests

Top Subprime Lenders Owned by Bailout Banks

Analysis of gov't data reveals sources of the economic meltdown

May 6, 09 9:28 AM CDT
(Newser) - Some 21 of the top 25 subprime lenders that triggered the global economic collapse were either owned or financed by banks that ended up needing bailouts, an analysis by the Center for Public Integrity finds. Among the backers, who make huge profits on the subprime business, were Lehman Brothers, Merrill... More »

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Citigroup • subprime mortgages • Wells Fargo • AIG • mortgage loans • GMAC • investment banks • JPMorgan Chase • subprime lender • banks • financial crisis • TARP

(Newser) - The Obama administration is expected to tell 10 of 19 banks receiving "stress tests" to raise more capital as a buffer against possible dark days ahead, the Wall Street Journal reports. Down from a recent estimate that 14 banks needed more money, the list may include Wells Fargo, Bank... More »

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Citigroup • Bank of America • Wells Fargo • capital injection • TARP • stress tests

Citi May Need Extra $10B to Pass Stress Test

Fed delays release of results as banks haggle over initial findings

May 2, 09 4:46 AM CDT
(Newser) - Citigroup may have to scrape together as much as $10 billion in fresh capital to pass the Fed's stress tests for big banks, insiders tell the Wall Street Journal. The release of the tests—which assess how a bank could weather various dire scenarios—has been pushed back from Monday... More »

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Citigroup • Federal Reserve • bank • financial crisis • stress tests

Let Us Pay Out Bonuses, Citi Begs Geithner

Execs worry employees will bolt as bank chafes under pay restrictions

Apr 29, 09 5:47 AM CDT
(Newser) - Citigroup is asking the Treasury for permission to pay special bonuses to many key employees it worries will leave the company—despite the fact that taxpayers will soon become the largest shareholder in the bank. Citi is chafing under Treasury restrictions on executive pay, particularly in its lucrative energy trading... More »

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Citigroup • executive compensation • Treasury Department • bonuses • Timothy Geithner • executive bonuses

MARKETS

 Financials Sink; Dow Off 8 

Rising consumer confidence gives stocks a boost

Apr 28, 09 3:24 PM CDT
(Newser) - The markets ended flat after mixed economic signals today, the Wall Street Journal reports. Stress-test troubles for Bank of America and Citigroup depressed financials, but news that consumer confidence rose in April—to 39.2, from 26.9 in March—gave stocks a boost.  The Dow fell 8.05... More »

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Citigroup • Bank of America • Dow Jones • Nasdaq • S&P 500 • consumer confidence index

MARKET Open

 Banks Give Stocks the Flu 


Apr 28, 09 8:47 AM CDT
(Newser) - Swine flu fears, and negative reports about the banks left investors feeling ill this morning. The Dow fell 65 points, while Nasdaq fell 0.8% and the S&P 0.9%. Bank of America and Citigroup were headed south, down 7.5% and 6.2% respectively on reports that they’... More »

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stock market • Citigroup • Bank of America • Dow Jones • Nasdaq • S&P 500 • swine flu

(Newser) - Federal Reserve regulators are urging Bank of America and Citigroup to raise more capital, based on their preliminary stress test results, sources tell the Wall Street Journal. Sources familiar with Bank of America say the shortfall numbers in the billions. But both banks are protesting, with Bank of America... More »

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Citigroup • Bank of America • Federal Reserve • capital • banking industry • stress tests

 At NY Fed, 
 Geithner Got Cozy 
 With Wall Street  

Geithner's cozy history with the high finance club draws critics' ire

Apr 27, 09 9:10 AM CDT
(Newser) - While some feel Treasury Secretary Timothy Geithner has been an aggressive steward of the public trust, some critics point to his days as New York Fed president as proof he’s too cozy with the very banks that crippled the financial system. The New York Times investigates his tenure there,... More »

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Citigroup • Goldman Sachs • Morgan Stanley • BlackRock • JPMorgan Chase • Treasury secretary • financial crisis • Timothy Geithner • New York Federal Reserve Bank

 Banks Get Stress Test Grades 

Pandit out at Citi?

Apr 24, 09 8:40 AM CDT
(Newser) - The nation's biggest banks will start to learn how they did on the dreaded stress test today, reports the New York Times. Though the public won’t learn the results until May 4, analysts are predicting that many of the 19 banks will have to raise large amounts... More »

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Citigroup • Federal Reserve • Treasury Department • financial sector • Vikram Pandit • banks • banking industry • TARP • stress tests

 Treasury Ups Offer 
 to Chrysler Lenders 

Treasury blinks in standoff that will determine auto maker's future

Apr 23, 09 1:58 AM CDT
(Newser) - The Treasury Department is offering banks holding Chrysler's debt a better deal in the latest round of the back-and-forth over the automaker's future, the Wall Street Journal reports. The counter offer—still way short of what the banks seek—proposes to give lenders 22% of the $6.9 billion Chrysler... More »

MORE ABOUT:
Chrysler • Citigroup • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

Banks, Treasury Play
Chicken on Chrysler Deal

Alternate headline: Banks, Treasury Play Chicken on Chrysler Deal

Apr 22, 09 7:46 AM CDT
(Newser) - A group of big banks balked at the Treasury’s proposal that they slash 85% of Chrysler’s debt, the government’s second such request. Instead, in what the Wall Street Journal calls a “significant act of brinkmanship” as an April 30 deadline looms, the banks, including bailout... More »

MORE ABOUT:
Chrysler • Citigroup • bankruptcy • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

MARKETS

 Dow Up 128 on Geithner Talk 

Banks rally after comments by Treasury secretary, Bank CEOs

Apr 21, 09 3:25 PM CDT
(Newser) - Stocks gained today on upbeat comments from Timothy Geithner and the CEOs of Citigroup and US Bancorp, the Wall Street Journal reports. Banks rallied after the Treasury secretary said that the “vast majority” have sufficient capital. The Dow closed up 127.83 at 7,969.56. The Nasdaq rose... More »

MORE ABOUT:
Citigroup • Dow Jones • Nasdaq • Treasury Department • S&P 500 • financial crisis • Timothy Geithner • TARP • US Bancorp

21 - 40 of 252 Stories | << Prev 1 2 3 4 5 6 ... 13 Next >>


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