Citigroup Inc
NYSE: C
$61.87
+$0.16 (+0.3%)
Closing Price on September 27, 2024
C Articles
Reuters: Chrysler is already seeing positive effects from bankruptcy. Reuters: The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms. Reuters: Pimco’s Gross...
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The federal government will end up owning bits and pieces of businesses including banks, car companies and insurance firms as it puts money into industries weakened by the recession. The Achilles...
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American Express Co. (NYSE: AXP) is probably feeling a little lucky today. On a day that the market is lower its shares are only down 2% after the company disclosed in an SEC filing that its...
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The federal government seems to think that many of the directors on the Bank of America (BAC) board are not qualified to serve. To solve that problem, the bank is being encouraged to find new...
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Reuters : Intel (INTC) said its results are running better than expected. Reuters : The government is looking at a pay overhaul in the financial sector. Reuters: Economic woes are hurting the...
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Bank of America (BAC) is selling part of its stake in China Construction Bank for $7.3 billion. That will help the US institution to raise capital it needs to fill the $34 billion capital gap that...
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According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will probably sell its...
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Finally, the stress tests are out for the US banking and financial institutions. Of the banks, 10 of 19 banks need a combined $74 billion of equity.The good news is that a few companies were given...
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The most exciting day of the financial year should have been today because the government releases the results of its multi-month bank “stress test” program which includes thorough vetting of the...
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According to Reuters, GM (GM) is expected to post huge losses ahead of decisions about whether it will go into Chapter 11. Reuters reports that Obama is seeking budget savings due to a widening...
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Twelve of the Fortune 500 CEOs are women. Just twelve. Over the next year, that number is likely to go up considerably because of a confluence of economic and financial factors that have not existed...
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As more information hits the press about the amount of money the government will say big banks will need due to the results of “stress tests”, it is already clear that three banks, Citigroup (C),...
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The twenty-five subprime lenders that originated $1 trillion in high interest loans between 2005 and 2007 got their funding from Wall St. banks that are now the beneficiaries of TARP money. According...
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According to Reuters, Bank of America (BAC) will have to raise billions of dollars. Reuters reports that a judge has approved a quick auction of Chrysler assets over the objections of creditors....
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Several news organizations are reporting that ten of the 19 banks subjected to “stress tests” will be asked to raise more capital. Since the firms are still debating with the government, the...
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