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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Citibank

Citibank stories: 29 news summaries

21 - 29 of 29 Stories | << Prev 1 2

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 Feds, Citigroup Close 
 In on Rescue Deal 

Government could take over losses for troubled financial giant

Nov 23, 08 5:54 PM CST
(Newser) - Citigroup is closer to getting a new round of financial help from the feds, the New York Times reports. Regulators are discussing a plan today for the US to take on losses at the bank if they exceed certain levels. In effect, the plan would create a "bad bank"... More »

MORE ABOUT:
Citigroup • Citibank • share price • financial crisis

 Frantic Citigroup
 Considers
 Sell-Off 

Merger or sale become options as bank scrambles to stop the drop

Nov 21, 08 4:20 AM CST
(Newser) - Citigroup is keeping all its options on the table as its share price plunges—including selling itself, insiders tell the Wall Street Journal.  The battered giant's share price plummeted another 26% yesterday—its worst one-day hit ever—chalking up an 83% dive for the year. Directors plan crisis talks... More »

MORE ABOUT:
Citigroup • Goldman Sachs • mergers and acquisitions • Morgan Stanley • Citibank • Vikram Pandit • share price • financial crisis

(Newser) - Citigroup said today it's going to let Wells Fargo go ahead with its acquisition of Wachovia, the Wall Street Journal reports. But all's not chummy in the banking world: Citigroup, which charges that Wachovia illegally backed out of a deal to accept a sweeter offer from Wells Fargo, is still... More »

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Wachovia • Wells Fargo • Citibank • banking industry • financial crisis

 Morgan Stanley, WaMu
Edge Closer to Deals

WaMu readies for sale while Morgan mulls merger options

Sep 19, 08 3:07 AM CDT
(Newser) - Two of the biggest financial institutions in the midst of the market turmoil are moving closer to hammering out deals. Washington Mutual's suitors are believed to include Citibank, JP Morgan and Bank of America, insiders tell Bloomberg, while Morgan Stanley and Wachovia have stepped up merger talks, reports the New ... More »

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Bank of America • Wachovia • Morgan Stanley • Citibank • credit crisis • Washington Mutual • financial institutions • JPMorgan Chase • financial crisis

Earnings

Citi Losses Shrink in 2nd Quarter, Beat Expectations

Rounds out week of better-than-expected results

Jul 18, 08 8:32 AM CDT
(Newser) - Citibank delighted shareholders today by losing a mere $2.5 billion in the second quarter, the Wall Street Journal reports. Analysts had expected much worse from the US’ biggest bank by assets, but Citi beat expectations by reducing writedowns and slashing jobs. The results should prove a counterweight to... More »

MORE ABOUT:
earnings reports • Merrill Lynch • Wells Fargo • second quarter earnings • Citibank • JPMorgan Chase

 Heeeeeeeeeeeeere's a Lawsuit! 

$200K suit adds to McMahon's financial woes

Jun 20, 08 10:45 PM CDT
(Newser) - Citibank has filed suit against former Johnny Carson sidekick Ed McMahon to recover $200,000 it loaned to the struggling actor, the AP reports. McMahon, 85, who has not worked since falling 18 months ago, also faces foreclosure on his Beverly Hills home. “If you spend more money than... More »

MORE ABOUT:
Hollywood • debt • Johnny Carson • Citibank • Countrywide Financial • Tonight Show • Ed McMahon • television personality

 Banks Cut Colleges
 Eligible for Student Loans 

Students at 2-year, non-elite 4-year schools left in the lurch

Jun 2, 08 8:09 AM CDT
(Newser) - Students at 2-year and some less competitive 4-year colleges will be having a tougher time finding loans as banks trim the list of colleges they serve, reports the New York Times. In a move that potentially shuts out some of the neediest students, Citibank, JPMorgan, PNC, and SunTrust all say... More »

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Sallie Mae • student loans • Wells Fargo • Citibank • JPMorgan Chase • credit market chaos

Wounded Bear Scrambles
for a Savior

Stearns hopes
to find a quick buyer
in troubled times

Mar 15, 08 3:38 PM CDT
(Newser) - What's next for Bear Stearns? A Wall Street institution for the better part of a century, it is now scrambling to find a buyer. Its best hope is JP Morgan, which provided a temporary lifeline yesterday along with the Fed. But other possible suitors include Citibank and HSBC, the Wall ... More »

MORE ABOUT:
Wall Street • Federal Reserve • Bear Stearns • Citibank • HSBC • emergency funding • Madison Avenue • subprime crisis • JPMorgan Chase

They're Back From the Dead

5 brands that were revived by dramatic
intervention

Aug 3, 07 10:54 AM CDT
(Newser) - These five companies were flatlining until they made bold management decisions.  Business Week tells you how they did it.
  1. Nintendo: The Wii dared to market to families and non-gamers
  2. Audi:  Banked on engineering and prowess and didn't get distracted
More »

MORE ABOUT:
Nintendo • Nintendo Wii • list • Audi • Burberry • Citibank • Hewlett-Packard

21 - 29 of 29 Stories | << Prev 1 2


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