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Citigroup Inc

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  • Mortgage deal monitor: Ocwen review may be flawed Tuesday, 16 Dec 2014 | 12:18 PM ET

    WASHINGTON— The monitor overseeing a national mortgage settlement said Tuesday that Ocwen Financial Corp., one of the biggest U.S. servicers of home loans, has produced unreliable information about its business practices. Joseph Smith, who is monitoring banks' and mortgage servicers' compliance with the $25 billion settlement over foreclosure abuses, said...

  • Citi most exposed to Russia: Mayo  Tuesday, 16 Dec 2014 | 12:15 PM ET

    What Russia's ruble problem and plunging oil mean for the banks, with Mike Mayo, CLSA bank analyst, who sees current conditions a buying opportunity at Citigroup.

  • Early Glance: Banks companies Tuesday, 16 Dec 2014 | 10:20 AM ET

    Bank of America Corp. fell$. 07 or. 4 percent, to $16.78. Citigroup Inc. fell$. 71 or 1.3 percent, to $52.08. Goldman Sachs fell $1.73 or. 9 percent, to $183.81.

  • LONDON, Dec 16- Russia's failed defense of the rouble and a plummeting oil price added to a global emerging markets rout on Tuesday that sent bourses lower in Asia, the Middle East and Europe. The MSCI emerging stocks index traded 1.6 percent lower, on track for an eighth day in the red while the Asia excluding Japan benchmark dropped 0.7 percent.

  • Trade in 2015, not this Christmas  Tuesday, 16 Dec 2014 | 5:55 AM ET

    Steven Englander, global head of G10 FX strategy at Citi, echoes his company's warning to investors about getting into trades during this December.

  • WASHINGTON, Dec 16- Ocwen Financial Corp's mortgage servicing operations were criticized on Tuesday by a watchdog who questioned the independence of an internal audit group, adding to previous concerns from regulators. Ocwen is subject to the watchdog's oversight because it had acquired mortgage servicing rights from a unit of Ally Financial Inc. That...

  • *Crown falls to 4- yr low after Sweden holds rates. LONDON, Dec 16- The yen hit a one-month high against the dollar and the euro on Tuesday as investors bought safe-haven currencies amid a slide in oil prices that has triggered a bout of volatility across asset classes. Analysts say a deeper economic contraction in Russia will have a negative impact on global growth,...

  • Final Glance: Banks companies Monday, 15 Dec 2014 | 6:08 PM ET

    Bank of America Corp. fell$. 28 or 1.6 percent, to $16.85. Citigroup Inc. fell$. 61 or 1.1 percent, to $52.79. Goldman Sachs fell $3.28 or 1.7 percent, to $185.54.

  • Midday Glance: Banks companies Monday, 15 Dec 2014 | 1:43 PM ET

    Bank of America Corp. fell$. 15 or. 9 percent, to $16.98. Citigroup Inc. fell$. 24 or. 4 percent, to $53.16. Goldman Sachs fell $1.49 or. 8 percent, to $187.33.

  • Early Glance: Banks companies Monday, 15 Dec 2014 | 12:00 PM ET

    Bank of America Corp. rose$. 07 or. 4 percent, to $17.20. Citigroup Inc. rose$. 16 or. 3 percent, to $53.56. Goldman Sachs fell$. 33 or. 2 percent, to $188.49.

  • Look for Dems to battle for party's future in 2015 Monday, 15 Dec 2014 | 10:55 AM ET
    Sen. Elizabeth Warren (D-Mass.) (5th L) speaks to members of the media as (L-R) Sen. Patty Murray (D-Wash.), Senate Majority Leader Sen. Harry Reid (D-Nev.), Sen. Jon Tester (D-Mont.), Sen. Amy Klobuchar (D-Minn.), and Sen. Charles Schumer (D-N.Y.) listen after a Democratic Senate leadership election at the U.S. Capitol Nov. 13, 2014.

    Liberals will clash with the administration and more moderate Democrats to define the party's future, Politico's Ben White says.

  • Saudi prince's news channel to go live in February Monday, 15 Dec 2014 | 6:34 AM ET

    MANAMA, Bahrain— Saudi billionaire Prince Alwaleed bin Talal's pan-Arab news channel will finally take to the airwaves early next year. The channel had previously been expected to begin operations in 2012 in Bahrain, a tiny island kingdom connected by a causeway to Saudi Arabia that is home to the U.S. Navy's 5th Fleet. Bahrain continues to face low-level unrest...

  • *Europe shares steady after biggest weekly loss in 3-1/ 2 years. LONDON, Dec 15- Oil prices touched fresh 5-1/ 2- year lows on Monday, spurring an emerging market selloff as demand for the safe-haven yen picked up while European stocks stabilised after their worst week since 2011.. Indonesia's rupiah sank to a six-year trough and Russia's rouble hit record lows.

  • FOREX-Yen rises in choppy trading, euro on defensive Monday, 15 Dec 2014 | 4:09 AM ET

    LONDON, Dec 15 (Reuters- The yen rose on Monday as financial markets shrugged off Japanese Prime Minister Shinzo Abe's widely expected election win, while a new low for euro zone inflation expectations kept the bloc's currency on the defensive. Japan's Nikkei stock average fell 1.6 percent. The euro extended losses against the yen as investors digested the...

  • Flurry of China bank deals hints at new confidence Sunday, 14 Dec 2014 | 7:50 PM ET

    China's banks and insurers have more actively sought overseas assets in 2014, hinting at a new confidence to look abroad. The Financial Times Reports.

  • Dec 14- Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year. PetSmart said BC Partners, as well as some of its fund investors, including La Caisse de dépôt et placement du...

  • NEW YORK, Dec 12- "Will they or won't they?" Client notes from Goldman Sachs, Citi and Bank of America/Merrill Lynch this week deal with expectations for the removal of the wording, roughly agreeing that however close the call is, it is more likely than not that the phrase will go away. "They are going to remove it; I don't think is going to keep it in there just because of what...

  • Dodd-Frank battle over banks erupts anew in DC Friday, 12 Dec 2014 | 7:40 AM ET
    Then-Sen. Chris Dodd (L) and then-Rep. Barney Frank at the signing of the Dodd-Frank act in 2010.

    The move to roll back Dodd-Frank regulations of big banks has drawn the wrath of Democrats ... and even Republicans. The NYT reports.

  • MF Global's underwriters to settle suit for $74 mln Friday, 12 Dec 2014 | 5:40 AM ET

    Dec 12- Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's executives, including its CEO, responsible for its collapse. The underwriters cited in the settlement are Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch,...

  • Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.