GO
Loading...

Citigroup Inc

More

  • *FDA set to decide on approval of Novartis' Zarxio. LONDON/ LOS ANGELES, March 6- A revolution is brewing in healthcare with lower-cost copies of complex biotech drugs finally set to reach the United States, nine years after so-called biosimilars were launched in Europe. The first approval for a biosimilar in the United States is expected imminently- Zarxio,...

  • Final Glance: Banks companies Thursday, 5 Mar 2015 | 6:03 PM ET

    Bank of America Corp. rose$. 16 or 1.0 percent, to $16.00. Citigroup Inc. fell$. 11 or. 2 percent, to $53.56. Goldman Sachs rose$. 41 or. 2 percent, to $190.08.

  • WASHINGTON— All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. "This week's tests are a more modest standard than what we will get next week," said Cayetano Carrasco-Gea, senior director at Moody's Analytics. The banks undergoing the stress tests...

  • Midday Glance: Banks companies Thursday, 5 Mar 2015 | 1:28 PM ET

    Bank of America Corp. rose$. 11 or. 7 percent, to $15.95. Citigroup Inc. fell$. 30 or. 6 percent, to $53.37. Goldman Sachs fell$. 56 or. 3 percent, to $189.11.

  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • LONDON, March 5- Sterling rose to its strongest since late 2007 against the euro on Thursday, bolstered by signs that the European Central Bank might have to plough on with outright money-printing far into next year or longer to restore growth to the euro zone. In a volatile few minutes during ECB president Mario Draghi's post-meeting news conference, sterling...

  • Europe firms may draw fire by joining buyback boom Thursday, 5 Mar 2015 | 11:56 AM ET

    *Europe unlikely to match huge U.S. buyback levels. In the United States, years of Federal Reserve stimulus aimed at reviving the real economy led to the wave of share buybacks while firms neglected capital expenditure. Few people expect European firms to match the staggering sums in the United States, where over $2 trillion of stock was bought back between 2009...

  • Early Glance: Banks companies Thursday, 5 Mar 2015 | 11:23 AM ET

    Bank of America Corp. fell$. 02 or. 1 percent, to $15.82. Citigroup Inc. fell$. 34 or. 6 percent, to $53.33. Goldman Sachs rose$. 55 or. 3 percent, to $190.22.

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- Turkey's lira hit an all-time low on Thursday as meetings with investors in New York did little to allay concern over President Tayyip Erdogan's battle with the central bank or Ankara's economic management team. Efforts by Prime Minister Ahmet Davutoglu, Deputy Prime Minister Ali...

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- The Turkish lira dropped to an all-time low on Thursday and bank stocks tumbled, as concern grew over President Tayyip Erdogan's battle with the central bank and the future of the government's economic team. Efforts by Turkish Prime Minister Ahmet Davutoglu and his economic team to soothe...

  • 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...

  • 5 ways to trade financials as stress results loom Wednesday, 4 Mar 2015 | 6:55 PM ET

    Some CNBC "Fast Money" traders said to stick with recent financial outperformers as Fed stress test results emerge.

  • 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...