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Citigroup Inc

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  • 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...

  • 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.

  • 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.

  • 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...

  • *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.

  • *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,"...

  • 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,"...

  • BUENOS AIRES, March 3- Argentina's economy minister said on Tuesday "me-too" investors who want compensation for debt owed since the country's 2002 default have lodged claims for between $7 billion and $8 billion in the hope of gaining from its legal battle with other holdouts. A U.S. judge ordered Argentina in 2012 to pay a group of hedge funds that did not...

  • *Best Buy climbs in premarket after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. "The market is naturally settling in, taking a breather until the scales tip either way to commence the next move to continued to new heights or a consolidated pullback," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.

  • *Best Buy climbs in premarket after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. *Electronics retailer Best Buy climbed 4.8 percent to $40.50 in premarket trade after it reported quarterly results, announced a special dividend and the resumption of its share repurchase plan.

  • EVANSVILLE, Ind.— Personal finance company Springleaf Holdings is buying Citigroup's OneMain Financial for $4.25 billion. The Citigroup subsidiary, originally founded as Commercial Credit, has about 5,600 employees. Citi said that it will use part of the proceeds from the sale to retire certain funding that currently supports Citi Holdings.

  • Citi to sell consumer finance unit for $4B Tuesday, 3 Mar 2015 | 7:08 AM ET

    Citigroup said it has agreed to sell its consumer finance unit OneMain Financial to subprime lender Springleaf for $4.25 billion in cash.

  • March 3- Citigroup Inc said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc for $4.25 billion in cash. The consumer finance company is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest or wind down.

  • March 3- Citigroup Inc said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc for $4.25 billion in cash. The sale of OneMain is a major step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients. OneMain is part of Citi Holdings, which Citigroup created during the...

  • NEW YORK— U.S. stocks fell from record highs on Tuesday and the Nasdaq dropped below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. The losses were modest but broad, with eight industry sectors in the Standard and Poor's 500 index falling. Ford Motor slumped after reporting U.S. sales from last month that disappointed...

  • Final Glance: Banks companies Monday, 2 Mar 2015 | 6:08 PM ET

    Bank of America Corp. rose$. 20 or 1.3 percent, to $16.01. Citigroup Inc. rose $1.07 or 2.0 percent, to $53.49. Goldman Sachs rose $2.00 or 1.1 percent, to $191.79.

  • NEW YORK— If you're shopping at Costco, you'll need a new credit card to pay for those family-sized packs of chicken breasts or toilet paper. After only accepting American Express the last 16 years, the retailer is switching to Visa and will use Citigroup as its exclusive provider of co-branded credit cards. Costco is a large and influential chain.

  • MILAN, March 2- Italian eyewear group Luxottica is to more than double its dividend payment to 1.44 euros per share, it said on Monday after reporting a 10 percent rise in full-year operating income and record cash flow. Luxottica also said it would ask shareholders to approve a small buy-back of 2.08 percent of outstanding shares. Citi said in a report the...

  • WASHINGTON, March 2- Regulators shouldn't weaken a rule that limits banks' borrowing, a senior U.S. bank supervisor said on Monday, indicating a possible split with the derivatives watchdog over the issue. Tom Hoenig, second-in-command at the Federal Deposit Insurance Corp, said he disagreed with the head of the Commodity Futures Trading Commission who has...