Citigroup Inc
NYSE: C
$62.18
+$0.31 (+0.5%)
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C Articles
According to Reuters, Democrats say that the Senate will pass the stimulus bill today. Reuters reports that Moody’s cut Toyota’s (TM) rating for the first time in 10 years. Reuters writes that...
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Bank of America (BAC) hit another 52-week low today at $3.77. Wells Fargo (WFC) got close. The IMF said that that the banking crisis is far from over. Want to Retire Early? Start Here (Sponsor) Want...
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Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi’s most prominent...
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Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over...
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According to Reuters, Motorola (MOT) is betting much of its future on the Google (GOOG) Android phone system. Reuters reports that car sales hit a 27-year low. Reuters reports that Obama plans to set...
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Citigroup (C) said it will put up $26.7 billion in capital for mortgage loans. It will also provide money for corporate loans, personal loans, credit cards, and student loans. The entire package...
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When Bank of America (BAC) bought Merrill Lynch, one huge retail brokerage team was married with a smaller one. Morgan Stanley (MS) will probably take over the Smith Barney unit of Citigroup (C). The...
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If the government is going to force salary caps on banks, financial firms, and car companies that will get federal money, it needs to go further. The argument for limited pay at firms like banks is...
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According to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval. Reuters reports that January...
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The federal government has put $150 billion into rescuing AIG (AIG), which was once the most profitable insurance company in the world. With financial relationships linking it to banks and brokerages...
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According to Reuters, Nasdaq will turn to Asia for much of its future growth Reuters reports that the new bank bailout could cost as much as $2 trillion. Reuters writes that the Fed said it is...
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Robert Rubin, former Goldman Sachs (GS) chief, Treasury chief, and lead director at Citigroup (C) should have been flying to Washington once a week last year. He could have thundered about bank...
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The shares in Wells Fargo (WFC) are up 22% to $19.76. The bank’s modest results are not the cause. There is optimism that the federal government will create a "bad bank" to take toxic assets off of...
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Creating a "bad bank" is on the wish list of an extraordinarily large number of regulators and members of Congress. It is a sort of miracle cure to the problems in the banking industry. The toxic...
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Citigroup (C) walked away from buying a corporate jet for $50 million. It seemed, at first, that management and the board at the bank had done the right thing. But, the new Treasury Secretary forced...
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