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  • Citigroup to Abandon Role As Financial Supermarket Tuesday, 13 Jan 2009 | 12:10 PM ET
    Citibank

    Citigroup CEO Vikram Pandit plans to announce in the coming days a major shift away from the "financial supermarket" model that has guided the bank for the last decade.

  • This Is Where Financials Test The Lows Tuesday, 13 Jan 2009 | 11:58 AM ET

    The Bank Index is sitting right at its November closing low, and many big names — Bank of America, M&T Bank, US Bancorp and others--are already at multiyear lows.

  • Stocks Are Mixed as Techs, Oils Gain Tuesday, 13 Jan 2009 | 11:29 AM ET

    Stocks wobbled Tuesday, paring some gains, though the tech-heavy Nasdaq remained higher.

  • Citi, Morgan To Reveal Smith Barney Deal Today Tuesday, 13 Jan 2009 | 9:44 AM ET

    Citigroup and Morgan Stanley are working feverishly to get a deal for a creating a joint venture out of Citi's Smith Barney brokerage unit completed by today; sources close to the deal say they expect an announcement after today's closing bell.

  • Top 10 Stocks for Each of the Top Performing Sectors Tuesday, 13 Jan 2009 | 8:14 AM ET

    As investors brace for a dismal earnings season coming out of a turbulent fourth quarter in 2008, here is a look at the best and worst performing sectors so far in 2009.

  • Obama to Homeowners' Rescue Monday, 12 Jan 2009 | 8:58 PM ET

    That's bad news for the banks, though. Cramer breaks down what the president-elect's new TARP rules mean for the financials.

  • Dow Falls For 4th Day Monday, 12 Jan 2009 | 5:43 PM ET

    The Dow fell for the fourth day in a row as concerns about massive losses at Citigroup knocked its shares 17 percent lower, dragging down bank stocks...

  • The Democrats wasted no time distinguishing themselves from President George W. Bush.

  • Stocks Continue Slide on Earnings Fears Monday, 12 Jan 2009 | 4:24 PM ET

    Stocks continued their slide Monday as the economy and what is expected to be a horrendous earnings season formed a one-two punch to knock out hopes for a January rally.

  • Citigroup Moving to Shed Smith Barney Brokerage Friday, 9 Jan 2009 | 4:48 PM ET
    Citigroup Center

    Morgan Stanley and Citigroup are in talks to merge their brokerage operations in a deal that could result in Morgan taking over Citi's Smith Barney unit, people familiar with the situation told CNBC.

  • Calvin, Cars, California And Your Emails Friday, 9 Jan 2009 | 3:29 PM ET
    Calvin & Hobbes

    Calvin & Hobbes, like "Peanuts" or "The Simpsons" or "I Love Lucy", has a certain timelessness. Fifteen years later, a particular C&H classic is making the rounds on the internet.

  • Many Jobs on Wall Street May Never Come Back Friday, 9 Jan 2009 | 2:25 PM ET
    New York Stock Exchange (NYSE)

    "The world has certainly changed and the massive growth industry that was Wall Street for the past 20 to 25 years is probably a thing of the past," says one executive.

  • Jobs Numbers:  Breakdown by Sector Friday, 9 Jan 2009 | 8:43 AM ET

    The latest overall job loss numbers showed a loss of 524,000 jobs in December and the unemployment rate climbed to 7.2%.  This is the highest unemployment rate since January 1993.  The November payroll numbers were revised to a loss of 584,000.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Merrill Investment Banking Chief Leaves Firm Thursday, 8 Jan 2009 | 4:50 PM ET

    Greg Fleming, co-president of Merrill Lynch and head of its investment banking unit, has offered his resignation to the firm, sources told CNBC, only days after Merrill completed its merger with Bank of America.

  • Dow Drops 245 as Profit Warnings Rattle Market Wednesday, 7 Jan 2009 | 4:37 PM ET

    Stocks logged their worst loss in about a month Wednesday amid some dismal predictions on the jobs front and as profit warnings started to roll in.

  • Dow Sheds Over 200, Led by Alcoa, Intel Wednesday, 7 Jan 2009 | 3:28 PM ET

    Stocks fell sharply Wednesday amid more dismal news on the employment front as Alcoa announced huge job cuts and Intel slashed its revenue forecast.

  • Alcoa, Intel Drag on Dow as Jobs Report Looms Wednesday, 7 Jan 2009 | 2:10 PM ET

    Stocks fell sharply Wednesday amid more dismal news on the employment front as Alcoa announced huge job cuts and Intel slashed its revenue forecast.

  • Is This How You Solve The Housing Crisis? Wednesday, 7 Jan 2009 | 1:18 PM ET
    For Sale By Owner

    There are about a million different ideas out there on how to solve, and profit from, the housing meltdown. Here's the newest. The FDIC cut a first-of-its-kind deal to sell a portfolio of bad residential mortgages from a failed bank to a private equity group, while still maintaining an interest in those loans.

  • Futures Pounded by Dismal Jobs Outlook Wednesday, 7 Jan 2009 | 8:29 AM ET

    Stock futures stumbled on more dismal news on the employment front, with a Dow component announcing severe cuts and separate reports painting a dismal picture of the broader economy.

  • Stocks End Volatile Session Higher Tuesday, 6 Jan 2009 | 5:47 PM ET

    Stocks made gains on Tuesday after the release of minutes from the last Fed policy meeting suggested a stimulus package would become an even greater priority.