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Citigroup Inc

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  • Futures Off Lows on Housing Report Tuesday, 24 Jun 2008 | 9:07 AM ET

    U.S. stock index futures pointed to a lower open for Wall Street Tuesday -- the first day of the two-day Federal Reserve interest-rate meeting -- after package-delivery company UPS said after the bell Monday its profit would miss market expectations.

  • Hanging On By A Thread Monday, 23 Jun 2008 | 5:54 PM ET

    The Dow ended little changed on Monday as renewed concerns about the outlook for financial shares offset gains in energy stocks. What's the "Word on the Street?"

  • Low Volume, Lots of Damage Monday, 23 Jun 2008 | 5:23 PM ET

    It was a low volatility, low volume day, but regardless: there was a lot of damage done.

  • Stocks End Mixed as Financials Suffer Monday, 23 Jun 2008 | 4:19 PM ET

    Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • More Wall Street Firms to Be Bought Up: Analyst Monday, 23 Jun 2008 | 3:53 PM ET

    More Wall Street firms, facing the specter of tougher regulation and slumping capital markets, will follow the path of Bear Stearns and be forced into the arms of deposit-rich commercial banks, veteran banking analyst Charles Peabody told Reuters.

  • Job Losses Likely to Grow, Fueling Economic Gloom Monday, 23 Jun 2008 | 3:30 PM ET

    Unemployment, which has been relatively benign during the economic downturn, is expected to become a bigger problem.

  • Stocks Waver as Autos, Financials Curb Gains Monday, 23 Jun 2008 | 3:01 PM ET

    Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • Financials Skid; Oil Boosts Energy Stocks Monday, 23 Jun 2008 | 1:31 PM ET

    The market's dollar-fueled  rally fizzled as oil resumed its ascent and weakness in financials seeped into the broader market.

  • Citigroup Halfway Done With Staff-Cutting Plan Monday, 23 Jun 2008 | 11:02 AM ET
    Citigroup Center

    Citigroup is about half-way through cutting 10 percent of the 65,000 employees in its investment banking unit, a person familiar with the job cuts said Monday.

  • Dollar-Fueled Rally Fizzles; Banks Slide Monday, 23 Jun 2008 | 10:27 AM ET

    The market's dollar-fueled  rally fizzled as oil resumed its ascent and weakness in financials seeped into the broader market.

  • Oil Whipsaws, S&P Flat as Quarter End Looms Monday, 23 Jun 2008 | 9:38 AM ET

    Oil was trading up early in the morning, despite the Saudis agreeing to raise oil production 200,000 barrels a day -- however, after the dollar had been strengthening, oil began moving down. Gold also weakened, down 2.7 percent.

  • Citigroup To Cut 10% of Investment Bank Unit: Reports Sunday, 22 Jun 2008 | 10:02 PM ET
    The Citibank logo is shown on a branch office Wednesday, April 11, 2007 in New York. Citigroup Inc., which includes Citibank, announced Wednesday that it will eliminate about 17,000 jobs as part of a companywide restructuring to reduce costs and improve profits. (AP Photo/Mark Lennihan)

    Citigroup is set to slash about 6,500 jobs in its investment banking division, the Wall Street Journal said on its website on Sunday.

  • Stop Trading!: What's Killing the Banks? Friday, 20 Jun 2008 | 3:23 PM ET

    One of this sector's last lines of defense in the market is falling through.

  • Bank Worries Ripple Through the Market Friday, 20 Jun 2008 | 12:02 PM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Financials Lead Sell-Off Amid Bank Worries Friday, 20 Jun 2008 | 10:48 AM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Market Insider: Friday Look Ahead Thursday, 19 Jun 2008 | 9:35 PM ET

    A blast of negativity surrounds the financials this morning and is dragging stocks lower on what promises to be a volatile day.

  • Sell Block: Goldman's Bank Hit List Thursday, 19 Jun 2008 | 7:02 PM ET

    These names are going down, so steer clear.

  • Stocks Rebound As Buyers Swoop Thursday, 19 Jun 2008 | 5:55 PM ET

    The Dow made a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. What's the "Word on the Street?"

  • Stocks Pull Off a Gain; Oil Drop Buoys Techs Thursday, 19 Jun 2008 | 5:04 PM ET

    Stocks bobbed up and down Thursday, struggling to hold onto gains, as investors weighed oil's retreat against a dismal manufacturing reading and a fresh wave of concern about banks.  Oil slipped nearly $5, settling at $131.93 a barrel.

  • Pimco's Gross: Regional Banks Not Too Big to Fail Thursday, 19 Jun 2008 | 3:21 PM ET

    Bill Gross, chief investment officer at top bond fund Pimco, told CNBC Thursday that U.S. regional banks are at a disadvantage to their larger rivals because investors and regulators don't see them as too big to fail.

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