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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Citigroup

Citigroup stories: 252 news summaries

41 - 60 of 252 Stories | << Prev 1 2 3 4 5 6 7 ... 13 Next >>

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MARKETS

 Banks Push Dow Down 290, 
 Below 8,000 

Dow falls 289 on financial uncertainty

Apr 20, 09 3:25 PM CDT
(Newser) - Stocks saw deep declines today as uneasiness over banking spilled into the broader market, the Wall Street Journal reports. Bank of America slid 22% on word of growing losses in its credit-card unit. Goldman Sachs, Citigroup and JPMorgan Chase also fell on reports of a Treasury move that may dilute... More »

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Citigroup • Bank of America • Goldman Sachs • Dow Jones • Nasdaq • S&P 500 • JPMorgan Chase

US May Avoid More Bailouts by Trading Loans for Equity

Conversion could stretch bailout fund by $100 billion

Apr 20, 09 8:54 AM CDT
(Newser) - President Obama’s economic team has figured a way to keep the banks afloat without asking Congress for more money, by converting the government's existing bailout loans to common stock, the New York Times reports. The conversion plan could stretch Treasury’s fund by more than $100 billion, but it... More »

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Citigroup • nationalization • subprime crisis • bailout • commercial banks • financial crisis

MARKETS

 Stocks Stall 
 on Earnings; 
 Dow Climbs 6   

But extend winning streak to 6th week

Apr 17, 09 3:25 PM CDT
(Newser) - Stocks gave up afternoon gains to close higher by single digits as a week of first-quarter earnings reports failed to spark a selloff or surge, the Wall Street Journal reports. Google’s stock barely moved after the company reported slowing sales growth. GE and Citigroup earnings beat estimates, but GE... More »

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Google • Citigroup • Dow Jones • General Electric • Nasdaq • S&P 500

MARKET Open

 Stocks Mixed After 
 Citi's Good News 


Apr 17, 09 8:41 AM CDT
(Newser) - Better-than-expected earnings from GE and Citigroup barely produced a ripple in the broader market this morning, the Wall Street Journal reports. Stocks were mixed, with the Dow inching up 33 points, the Nasdaq slipping 6.42 points, and the S&P flat. Citi got a 9.5% boost off... More »

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stock market • Citigroup • Dow Jones • General Electric • Nasdaq • S&P 500

Bailed-Out Banks Don't
Want to Bail Out Chrysler

Lawmakers say rescued banks should cooperate in auto rescue plan

Apr 17, 09 7:44 AM CDT
(Newser) - Auto task force Steven Rattner's request that four big banks write off their $7 billion debt to Chrysler in return for nothing met with a big no from dropped jaws, reports the Washington Post. JPMorgan Chase, Morgan Stanley, Citigroup, and Goldman Sachs are seeking a better deal, but critics argue... More »

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Chrysler • Citigroup • Goldman Sachs • Morgan Stanley • auto industry • bailout • JPMorgan Chase • Wall Street bailout • auto bailout • Steven Rattner

(Newser) - Citigroup posted its first profitable quarter in 18 months today, thanks in no small part to $45 billion in bailout funds and changes to accounting rules, Bloomberg reports. The company posted a $1.6 billion profit, up from a $5.1 billion loss last year. The company reported a loss... More »

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Citigroup • accounting • corporate earnings • Vikram Pandit • first quarter earnings

MARKETS

 Banks Rally, But Dow Falls 26 


Apr 13, 09 3:19 PM CDT
(Newser) - More bankruptcy rumblings from General Motors sent stocks down early today, but the blow was cushioned by good news from the financial sector, the Wall Street Journal reports. Citi and Bank of America had double-digit gains ahead of what are expected to be solid earnings reports. The Dow finished down... More »

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stock market • NASDAQ • Citigroup • Bank of America • New York Stock Exchange • bankruptcy • Dow Jones • General Motors • financial sector • S&P 500

Fee Hikes at Bailed-Out Banks Spur Investigation

Interest rates as high as 30% raise questions about program's effectiveness

Apr 13, 09 7:08 AM CDT
(Newser) - Congressional overseers of the TARP program are investigating the lending practices of several of the banks they bailed out in response to complaints that the banks are raising interest rates and fees, the Wall Street Journal reports. Despite receiving billions in taxpayer dollars, Bank of America last week nearly doubled... More »

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Citigroup • Bank of America • loans • credit card • fees • consumer credit • interest rates • Elizabeth Warren

 Brain Drain Wallops Wall Street 

It's not just the firings: others are leaving for safer jobs

Apr 12, 09 3:16 PM CDT
(Newser) - The financial crisis is reshaping not just the landscape of Wall Street, but its face as well, reports the New York Times in a look at the hemorrhaging of the Street's top talent. Layoffs aside, finance's best and brightest—arguably the same daring risk-takers responsible for the recession—are seizing... More »

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Wall Street • Citigroup • Bank of America • Goldman Sachs • Morgan Stanley • Merrill Lynch • banking • banking industry • financial crisis

MARKET Open

 Stocks Slide Ahead of Earnings 


Apr 6, 09 8:57 AM CDT
(Newser) - Stocks turned south this morning, as a series of downgrades and bad news for the Sun/IBM deal spooked investors ahead of earnings season, the Wall Street Journal reports. The Dow dropped 92, the S&P 12. Financials sank after a veteran analyst downgraded 11 major US banks. The Nasdaq fell... More »

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stock market • Citigroup • Bank of America • Dow Jones • IBM • Sun Microsystems • Nasdaq • S&P 500 • JPMorgan Chase

MARKETS

 Dow Down 148, Up for Week 

Indices manage to hold on to weekly gains despite Friday dip

Mar 27, 09 3:22 PM CDT
(Newser) - Stocks fell today, though not enough to offset broad-based weekly gains, the Wall Street Journal reports. Financials dropped, in part due to comments by JP Morgan Chase CEO James Dimon, who said the bank had more trouble in March than in the first 2 months of the year. JP Morgan... More »

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Citigroup • Dow Jones • Nasdaq • S&P 500 • JPMorgan Chase • financial stocks

(Newser) - Amid growing dissatisfaction with government restrictions on bailout funds, President Obama will meet with bank CEOs on Friday, Reuters reports. Several banks have indicated that they will repay their TARP loans to avoid new government rules. In the meeting with execs from Citigroup, Goldman Sachs and others, Obama will urge... More »

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Citigroup • Goldman Sachs • Wells Fargo • Obama administration • banks • financial crisis • Wall Street bailout • President Obama • meeting • TARP

MARKETS

 Dow Rockets Nearly 500 Points 

Geithner's plan wins positive reviews from Street

Mar 23, 09 3:18 PM CDT
(Newser) - Stocks locked in big gains today with the rally sparked by the rollout of the Treasury’s financial rescue plan, the Wall Street Journal reports. Financials led advances, with Citigroup and Bank of America up 24% and 19%, respectively. The Dow jumped 497.48 to 7,775.86. The Nasdaq... More »

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Citigroup • Bank of America • Dow Jones • rally • Nasdaq • Treasury Department • S&P 500 • Timothy Geithner

UPDATED

 Stocks Soar 300+ 
 on Geithner Plan 


Mar 23, 09 8:51 AM CDT
(Newser) - Stocks sprinted out of the gates today, the Wall Street Journal reports, spurred by the Treasury’s long-awaited toxic asset plan. The Dow was up 316 just after noon, while the Nasdaq and S&P 500 added 4.1% and 4.5%, respectively. Banking stocks were the biggest winners, with... More »

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stock market • Citigroup • Bank of America • Dow Jones • stock exchange • Nasdaq • S&P 500 • Timothy Geithner • toxic assets

MARKETS

 Tech Rallies; Dow Climbs 179 


Mar 17, 09 3:19 PM CDT
(Newser) - Stocks made gains today, with the financial and tech sectors pacing advances, the Wall Street Journal reports. Google and Research in Motion both gained at least 4%, with Citigroup and US Bancorp posting similar rises. The S&P 500’s financial sector gained 6.57%, and the index overall rose... More »

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Google • NASDAQ • Citigroup • Dow Jones • Nasdaq • Cisco • S&P 500

Wall St. Looks to Skirt Bonus Limits With Padded Salaries

Attempt to skirt new rules could anger shareholders

Mar 17, 09 8:14 AM CDT
(Newser) - In a move to skirt government restrictions on executive pay for recipients of bailout cash, some Wall Street companies are discussing raising base salaries, the Journal reports. Citigroup and Morgan Stanley are considering the idea, which is gaining currency as regulators keep a watchful eye on bonuses, say industry insiders.... More »

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Wall Street • Citigroup • executive compensation • Morgan Stanley • bonuses • bailout • banks • financial crisis • TARP • salaries

MARKETS

 Gains Fizzle; Dow Down 7 

Tech leads declines, Dow falls from triple-digit gain

Mar 16, 09 3:16 PM CDT
(Newser) - Stocks swung back to losses as optimism from last week’s rally faded today, the Wall Street Journal reports. Investors treated last week’s announcements that many troubled financial institutions ran operating profits in the first two months of 2009—ignoring “toxic securities” on their balance sheets—with skepticism.... More »

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Microsoft • Citigroup • Intel • Dow Jones • Nasdaq • S&P 500 • financial crisis • toxic assets

MARKETS

 Dow Up 4 as Stocks Waver 

Caution follows yesterday's rally

Mar 11, 09 3:12 PM CDT
(Newser) - Stocks finished below today’s session highs but closed with slight gains, barely making the first two-day winning streak in a month, the Wall Street Journal reports. Financials mostly gained, with shares of Citigroup, Morgan Stanley and Bank of America up at least 4%. The Dow closed up 3.91... More »

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Citigroup • Bank of America • Dow Jones • Morgan Stanley • Nasdaq • S&P 500 • financial stocks

MARKET Open

 Stocks Lose Momentum 


Mar 11, 09 8:49 AM CDT
(Newser) - Stocks fell ever so slightly at today's open, defying futures that had shown yesterday’s big rally continuing. The Dow inched down 20 points, while the S&P and Nasdaq were essentially flat. But financials were still moving and shaking, with Citigroup adding 13% and Bank of America up 5%,... More »

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

MARKETS

 Dow Surges 379, 
 Biggest Gain of Year 

Citigroup leads financials after announcing profitable January and February

Mar 10, 09 3:25 PM CDT
(Newser) - Stocks rallied today as financials jumped on news of Citigroup’s profitable January and February, the Financial Times reports. Investors also were cheered by talk of reform from Ben Bernanke—who said the recession could end next year if all goes well—and Barney Frank. Citi, Bank of America, and... More »

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Citigroup • Bank of America • Dow Jones • Nasdaq • S&P 500 • JPMorgan Chase

41 - 60 of 252 Stories | << Prev 1 2 3 4 5 6 7 ... 13 Next >>


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