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Citigroup Inc

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  • LONDON, March 5- Emerging market stocks fell to a three-week low on Thursday as a buoyant dollar and China calling its lowest growth for 25 years a' new normal' soured the mood among investors. The MSCI emerging equities index was 0.2 percent lower at a level last seen in mid February, while the Asia excluding Japan benchmark, fell 0.4 percent. Shares in Turkey's...

  • ISTANBUL, March 5- Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York- based Citi has been paring back in international markets in recent years, pulling out of retail banking in Turkey as well as long-established...

  • NEW YORK, March 5- Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits. Citigroup and Costco have not disclosed terms of the deal, and outsiders can only...

  • NEW YORK, March 5- When U.S. auto lender Ally Financial Inc failed a key regulatory test two years ago, its executives were surprised to learn that the main reason was that the Federal Reserve treated loans to car dealers just like riskier credit to energy producers or manufacturers. "We felt like in some areas very broad approaches were being taken when maybe it...

  • Banks brace for U.S. Fed capital buffers inspection Thursday, 5 Mar 2015 | 12:00 AM ET

    WASHINGTON, March 5- The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk. Next week's review takes a look under the hood of the banks- which Wall Street critics say are "too large to manage"- by scrutinizing whether...

  • ANKARA/ ISTANBUL/ NEW YORK, March 4- Turkey's prime minister and his economic team sought on Wednesday to calm the nerves of top investors in New York who hold more than 20 percent of the main Istanbul stock index, after President Tayyip Erdogan's tirades against the central bank helped send the lira to record lows. Erdogan has repeatedly attacked the bank over its...

  • Final Glance: Banks companies Wednesday, 4 Mar 2015 | 6:17 PM ET

    Bank of America Corp. fell$. 15 or. 9 percent, to $15.84. Citigroup Inc. fell$. 06 or. 1 percent, to $53.67. Goldman Sachs fell $1.60 or. 8 percent, to $189.67.

  • Midday Glance: Banks companies Wednesday, 4 Mar 2015 | 1:16 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $15.86. Citigroup Inc. fell$. 07 or. 1 percent, to $53.66. Goldman Sachs fell$. 80 or. 4 percent, to $190.47.

  • ANKARA/ ISTANBUL, March 4- Turkey's prime minister and his economic team will seek to calm nerves among top investors in New York who hold more than 20 percent of the main Istanbul stock index, after President Tayyip Erdogan's tirades against the central bank helped send the lira to record lows. Erdogan has repeatedly attacked the bank over its failure to cut...

  • Early Glance: Banks companies Wednesday, 4 Mar 2015 | 10:36 AM ET

    Bank of America Corp. fell$. 06 or. 4 percent, to $15.93. Citigroup Inc. fell$. 24 or. 4 percent, to $53.49. Goldman Sachs fell $1.35 or. 7 percent, to $189.92.

  • LONDON, March 4- Market bets on a revival of euro zone inflation are close to their highest this year as surprisingly strong economic data and imminent European Central Bank money printing ease fears of a deflationary spiral. This followed strong retail sales and data showing inflation in Germany, Spain and Italy may not turn out as low as previously expected.

  • ANKARA/ ISTANBUL, March 4- Turkey's prime minister and his economic team will seek to calm nerves among top investors in New York on Wednesday and Thursday after President Tayyip Erdogan's tirades against the central bank helped send the lira to record lows. Babacan, Prime Minister Ahmet Davutoglu, and Finance Minister Mehmet Simsek are due to meet Goldman...

  • Most active New York Stock Exchange-traded stocks Tuesday, 3 Mar 2015 | 6:05 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 7 percent to $34.41 with 19,173,400 shares traded. Bank of America Corp. rose. 2 percent to $16.04 with 64,587,000 shares traded.

  • Final Glance: Banks companies Tuesday, 3 Mar 2015 | 6:05 PM ET

    Bank of America Corp. rose$. 03 or. 2 percent, to $16.04. Citigroup Inc. rose$. 24 or. 4 percent, to $53.73. Goldman Sachs fell$. 52 or. 3 percent, to $191.27.

  • NEW YORK, March 3- A U.S. judge on Tuesday said he would not yet rule on whether Citigroup Inc can process interest payments by Argentina on bonds issued under its local laws following the country's 2002 default. District Judge Thomas Griesa told the lawyers for Citigroup and holdout investors in a hearing in New York that he would not issue a decision on Tuesday...

  • Four trades to go before the closing bell Tuesday, 3 Mar 2015 | 1:40 PM ET

    The "Halftime Report" traders give their final trades of the show.

  • *Sale a major step in Citi's plan to sell unwanted assets. Springleaf shares touch record high, Citi marginally higher. March 3- Springleaf Holdings Inc said it would buy Citigroup Inc's OneMain Financial Holdings Inc for $4.25 billion in cash, creating the largest subprime lender in the United States.

  • Cramer: Citi’s moves are long overdue Tuesday, 3 Mar 2015 | 12:50 PM ET

    CNBC's Jim Cramer said Tuesday that it's about time Citigroup executed some of its latest moves.

  • *Best Buy climbs after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. It's predicated on the fact that when you get up around new highs market participants tend to get a little vertigo, "said Art Hogan, chief market strategist at Wunderlich Securities in New York.

  • DUBLIN, March 3- Irish aircraft lessor Avolon does not expect lower oil prices to have any impact on aircraft demand, its chief executive said on Tuesday, adding that most airlines were basing their long-term planning on $100 per barrel of oil. "The majority of airlines globally are still using $100 as their planning horizon number way out into the next decade,"...